Reported Q: Q3 2024 Rev YoY: +8.7% EPS YoY: +638.5% Move: -2.45%
Alexandria Real Estate
0HCH.L
$50.47 -2.45%
Exchange LSE Sector Real Estate Industry Real Estate General
Q3 2024
Published: Oct 21, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0HCH.L

Reported

Report Date

Oct 21, 2024

Quarter Q3 2024

Revenue

775.74M

YoY: +8.7%

EPS

0.96

YoY: +638.5%

Market Move

-2.45%

Previous quarter: Q2 2024

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Earnings Highlights

  • Revenue of $775.74M up 8.7% year-over-year
  • EPS of $0.96 increased by 638.5% from previous year
  • Gross margin of 69.9%
  • Net income of 167.95M
  • ""We are continuously exploring strategic acquisitions that align with our growth vision in innovation clusters, which remain critical in supporting our tenants' endeavors."" - CEO
0HCH.L
Alexandria Real Estate Equities Inc

Executive Summary

In the third quarter of 2024, Alexandria Real Estate Equities Inc reported notable financial results characterized by an impressive net income increase of 592% year-over-year (YoY) and a revenue uptick of 8.68%. The company achieved total revenue of $775.74 million, reflecting a 2.73% sequential growth from the previous quarter. The robust performance in net income, now at $167.95 million, underscores Alexandria's strategic positioning in the life science and technology real estate market. Additionally, the management expressed optimism regarding maintaining occupancy rates and expanding into high-demand innovation clusters, further driving both revenue and long-term growth potential.

Management highlighted their commitment to targeting strategic acquisitions and development projects in flourishing markets, which will enhance Alexandria's asset base and provide value to shareholders. As the company continues to capitalize on its unique portfolio and strong tenant relationships, it remains well-positioned amid increasing demand for collaborative workspaces.

Key Performance Indicators

Revenue
Increasing
775.74M
QoQ: 2.73% | YoY: 8.68%
Gross Profit
Increasing
542.48M
69.93% margin
QoQ: 0.85% | YoY: 14.16%
Operating Income
Decreasing
204.54M
QoQ: 0.98% | YoY: -52.35%
Net Income
Increasing
167.95M
QoQ: 259.61% | YoY: 592.02%
EPS
Increasing
0.96
QoQ: 284.00% | YoY: 638.46%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q2 2025 762.04 -0.64 +0.9% View
Q1 2025 743.18 -0.07 -1.6% View
Q4 2024 763.25 -0.38 +0.8% View
Q3 2024 775.74 0.96 +8.7% View
Q2 2024 755.16 0.25 +5.8% View