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Alexandria Real Estate Equities (Alexandria Real Estate Equities) Cyclically Adjusted Revenue per Share : $15.94 (As of Mar. 2024)


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What is Alexandria Real Estate Equities Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Alexandria Real Estate Equities's adjusted revenue per share for the three months ended in Mar. 2024 was $4.473. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $15.94 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Alexandria Real Estate Equities's average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Alexandria Real Estate Equities was 9.20% per year. The lowest was 1.60% per year. And the median was 3.10% per year.

As of today (2024-04-27), Alexandria Real Estate Equities's current stock price is $116.24. Alexandria Real Estate Equities's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $15.94. Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio of today is 7.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Alexandria Real Estate Equities was 16.53. The lowest was 5.83. And the median was 10.33.


Alexandria Real Estate Equities Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Alexandria Real Estate Equities's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Alexandria Real Estate Equities Cyclically Adjusted Revenue per Share Chart

Alexandria Real Estate Equities Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.76 12.29 13.49 14.81 15.81

Alexandria Real Estate Equities Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.17 15.45 15.72 15.81 15.94

Competitive Comparison of Alexandria Real Estate Equities's Cyclically Adjusted Revenue per Share

For the REIT - Office subindustry, Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio falls into.



Alexandria Real Estate Equities Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Alexandria Real Estate Equities's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=4.473/129.4194*129.4194
=4.473

Current CPI (Mar. 2024) = 129.4194.

Alexandria Real Estate Equities Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.486 100.560 3.199
201409 2.582 100.428 3.327
201412 2.618 99.070 3.420
201503 2.698 99.621 3.505
201506 2.824 100.684 3.630
201509 2.964 100.392 3.821
201512 2.970 99.792 3.852
201603 2.909 100.470 3.747
201606 2.904 101.688 3.696
201609 2.911 101.861 3.699
201612 3.333 101.863 4.235
201703 3.071 102.862 3.864
201706 3.009 103.349 3.768
201709 3.059 104.136 3.802
201712 3.114 104.011 3.875
201803 3.197 105.290 3.930
201806 3.179 106.317 3.870
201809 3.244 106.507 3.942
201812 3.205 105.998 3.913
201903 3.231 107.251 3.899
201906 3.353 108.070 4.015
201909 3.483 108.329 4.161
201912 3.550 108.420 4.238
202003 3.612 108.902 4.293
202006 3.511 108.767 4.178
202009 4.319 109.815 5.090
202012 3.501 109.897 4.123
202103 3.485 111.754 4.036
202106 3.489 114.631 3.939
202109 3.606 115.734 4.032
202112 3.761 117.630 4.138
202203 3.888 121.301 4.148
202206 3.971 125.017 4.111
202209 4.066 125.227 4.202
202212 4.102 125.222 4.240
202303 4.103 127.348 4.170
202306 4.122 128.729 4.144
202309 4.140 129.860 4.126
202312 4.593 129.419 4.593
202403 4.473 129.419 4.473

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Alexandria Real Estate Equities  (NYSE:ARE) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Alexandria Real Estate Equities's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=116.24/15.94
=7.29

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Alexandria Real Estate Equities was 16.53. The lowest was 5.83. And the median was 10.33.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Alexandria Real Estate Equities Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Alexandria Real Estate Equities's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Alexandria Real Estate Equities (Alexandria Real Estate Equities) Business Description

Industry
Traded in Other Exchanges
Address
26 North Euclid Avenue, Pasadena, CA, USA, 91101
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, agtech, and technology campuses that provide tenants with highly dynamic and collaborative environments. Alexandria also provides strategic capital to transformative life science, agtech, and technology companies through venture capital platform.
Executives
James P Cain director C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Kristina Fukuzaki-carlson officer: EVP - Business Operations C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Daniel J Ryan officer: EVP - San Diego C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Madeleine Thorp Alsbrook officer: EVP - Talent Management C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Joel S Marcus director, officer: Chief Executive Officer C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
John H Cunningham officer: EVP - Regional Market Director C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Hunter Kass officer: EVP - Regional Market Director C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVE., PASADENA CA 91101
Orraparn C. Lee officer: EVP - Accounting C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Marc E Binda officer: EVP - Finance & Treasurer C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Vincent Ciruzzi officer: Chief Development Officer C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Dean A Shigenaga officer: Chief Financial Officer C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Peter M Moglia officer: Chief Investment Officer C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Maria C Freire director C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Jackie B. Clem officer: General Counsel & Secretary C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101
Stephen Richardson officer: Chief Operating Officer C/O ALEXANDRIA REAL ESTATE EQUITIES, INC, 26 NORTH EUCLID AVENUE, PASADENA CA 91101