“Options 101 for Value Investors: Everything You Need to Start”
ARE is undervalued relative to history (trading at ~6.3x FFO vs 18-24x) and has a strong investment-grade balance sheet.
The last name we will talk about today. This is a disliked name. A disliked name. He went through very difficult times . It's "Alexandria Realty". They own many laboratories. They have top-quality laboratories in the country and adjacent office spaces.
They have a strategy of large complexes. As you know, most of the biotechnology industry is concentrated in Cambridge, San Francisco, San Diego, and the Research Triangle. Many of those companies go where the people are, and vice versa.
Therefore, their idea is based on owning these wonderful properties and bringing them together.