Alexandria Real Estate Equities Inc
Exchange: NYSESector: Real EstateIndustry: REIT - Office
Alexandria Real Estate Equities, Inc., an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. As of December 31, 2025, Alexandria has a total market capitalization of $20.75 billion and an asset base in North America that includes 35.9 million RSF of operating properties. Alexandria has a long-standing and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
Did you know?
Carries 22.4x more debt than cash on its balance sheet.
Current Price
$43.23
-0.14%Profile
Valuation (TTM)
Market Cap$7.47B
P/E-5.20
EV$20.17B
P/B0.48
Shares Out172.83M
P/Sales2.47
Revenue$3.03B
EV/EBITDA130.88
Alexandria Real Estate Equities Inc (ARE) Stock Analysis
GoodMoat Analysis
Alexandria Real Estate Equities Inc is a specialized REIT focused on life science properties. While it possesses a strong, niche moat, its current financials show significant distress, including negative profitability and declining revenue. This profile triggers a 'Do Not Proceed' signal under the GoodMoat framework, making it an unfavourable candidate for a traditional value investor without a deep, contrarian thesis.
Read full analysis
Alexandria Real Estate Equities Inc (ARE) is a specialized Real Estate Investment Trust (REIT) that owns, operates, and develops properties for life science and technology companies. Its primary moat stems from niche dominance, as it is a mission-critical provider of highly specialized laboratory and research facilities in key innovation clusters, which are difficult and expensive for new entrants to replicate. This likely earns it a Moat Score of 5 or more, passing the first part of the Decision Framework's Step 1 gate. However, the business fails the Quality gate decisively. The provided data shows severe financial weakness: a negative P/E of -5.68, a profit margin of -47.2%, an ROE of -9.2%, and a -5.2% YoY revenue decline. These metrics would all be rated 'Weak' in Section 2 (Quality Indicators), indicating the company lacks the fundamental financial strength required by the framework. The high 11.15% dividend yield, while attractive, is a potential red flag given the negative earnings, suggesting it may not be sustainable. According to the Decision Framework, a business with a Moat Score ≥5 but predominantly weak quality ratings does not proceed to valuation analysis. Therefore, despite its strategic niche, ARE's current operational and financial profile is unfavourable for a value investor seeking durable, high-quality businesses. Further investigation would require a highly specialized, distressed-asset lens rather than a traditional moat-and-quality approach. Analysis based on data as of 2024-05-15.
Market Cap$7.47B
Current Price$43.23
P/E Ratio-5.20
Forward P/E—
PEG Ratio-0.00
EPS$-8.44
Book Value$89.51
P/B Ratio0.48
ARE Financial Charts
FCF vs CAPEX
FCFCAPEX
Cash vs Debt
Net Debt: 11.8B
Revenue
1.5B
FY19
1.9B
FY20
2.1B
FY21
2.6B
FY22
2.9B
FY23
3.1B
FY24
3.0B
FY25
Net Income
363M
FY19
771M
FY20
571M
FY21
522M
FY22
104M
FY23
323M
FY24
—
FY25
ARE 52-Week Range
$43.23
$83.54
50-Day MA: $51.20200-Day MA: $62.14
Did you know?
Pays a 12.20% dividend yield.
Alexandria Real Estate Equities Inc (ARE) Financial Summary
Alexandria Real Estate Equities Inc (ARE) is a Real Estate company in the REIT - Office industry, listed on NYSE. The stock currently trades at $43.23 with a market capitalization of $7.47B.
Key valuation metrics include a P/E ratio of -5.20, price-to-book ratio of 0.48, and EPS of $-8.44. The company reports a profit margin of -47.2% and return on equity of -9.2%.
ARE Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | $7.47B |
| P/E Ratio | -5.20 |
| EPS | $-8.44 |
| P/B Ratio | 0.48 |
| P/S Ratio | 2.47 |
| EV/EBITDA | 130.88 |
| Dividend Yield | 12.20% |
| Profit Margin | -47.2% |
| Return on Equity | -9.2% |
| Debt/Equity | 0.80 |
ARE Revenue & Earnings History
| Year | Revenue | Net Income |
|---|---|---|
| FY19 | $1.53B | $363.17M |
| FY20 | $1.89B | $770.96M |
| FY21 | $2.11B | $571.25M |
| FY22 | $2.59B | $521.66M |
| FY23 | $2.89B | $103.64M |
| FY24 | $3.12B | $322.95M |
| FY25 | $3.03B | $-1.43B |
ARE Quality Indicators
Alexandria Real Estate Equities Inc maintains a profit margin of -47.2% and an operating margin of -30.5%. Return on equity stands at -9.2%. Debt-to-equity ratio is 0.80.
About Alexandria Real Estate Equities Inc
Alexandria Real Estate Equities, Inc., an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. As of December 31, 2025, Alexandria has a total market capitalization of $20.75 billion and an asset base in North America that includes 35.9 million RSF of operating properties. Alexandria has a long-standing and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
ARE Free Cash Flow
Alexandria Real Estate Equities Inc generated $1.86B in trailing twelve-month free cash flow, representing an FCF yield of 24.95%. This strong FCF yield suggests the company generates substantial cash relative to its market value.
ARE Shares Outstanding
Alexandria Real Estate Equities Inc has 0.17 billion shares outstanding at a share price of $43.23, giving it a market capitalization of $7.47B.
ARE Recent Insider Trades
Recent insider transactions at Alexandria Real Estate Equities Inc include:
| Insider | Type | Shares | Value |
|---|---|---|---|
| Gossett Bret E. (EVP - Co-RMD) | SELL | 4,702 | $251792.10 |
| MARCUS JOEL S (Executive Chairman) | BUY | 17,300 | $929702.00 |
| Alsbrook Madeleine Thorp (EVP - Talent Management) | SELL | 3,486 | $160878.90 |