Alexandria Real Estate Equities (ARE) recently priced US$750 million in senior unsecured notes and initiated debt refinancing moves to address a period of significant share price decline, including a 41.09% drop over the last year and a 61.20% decline over five years. Despite this, the stock trades at an estimated 39% discount to intrinsic value, suggesting a potential undervaluation. The narrative fair value is assessed at $88.00, compared to a closing price of $52.49, but this valuation depends heavily on continued occupancy and favorable refinancing costs.
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A Look At Alexandria Real Estate Equities (ARE) Valuation After US$750 Million Senior Notes And Debt Refinancing Moves
Alexandria Real Estate Equities (ARE) recently priced US$750 million in senior unsecured notes and initiated debt refinancing moves to address a period of significant share price decline, including a 41.09% drop over the last year and a 61.20% decline over five years. Despite this, the stock trades at an estimated 39% discount to intrinsic value, suggesting a potential undervaluation. The narrative fair value is assessed at $88.00, compared to a closing price of $52.49, but this valuation depends heavily on continued occupancy and favorable refinancing costs.