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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) Dividends

GoodMoat Analysis

Based on data as of March 26, 2026

The 11.15% dividend yield is exceptionally high, but it is a major red flag for sustainability. The company's negative earnings and free cash flow profile, combined with a deteriorating balance sheet, indicate the current payout is not covered by operational performance. For an income-focused value investor, this situation is unfavourable and requires extreme caution.

Read full analysis
Alexandria Real Estate Equities Inc's dividend profile presents significant concerns for a value investor. The headline 11.15% yield is more than double typical REIT yields, signalling deep market skepticism about its sustainability. The payout ratio is negative based on earnings per share of -$8.44, meaning the dividend is not supported by profits. More critically, the 22.8% free cash flow yield is a misleading metric; a high FCF yield can indicate a depressed price, but it does not automatically mean cash is sufficient to cover the dividend. In this case, the company's negative operating margin of -30.5% and declining revenue (-5.2% YoY) suggest underlying cash generation is weak. Assessing against the GoodMoat Quality Indicators, the balance sheet shows a Debt/Equity ratio of 0.80, which is moderate, but the negative ROE of -9.2% and lack of GAAP profitability are severe weaknesses. The dividend appears to be funded from other sources, not sustainable operational cash flow, which is a high-risk strategy. While the company may be attempting to maintain the payout to support its stock price, the fundamental deterioration in revenue and profitability makes the dividend's continuation highly uncertain. For an income investor, a yield this high is often a value trap, not an opportunity. Analysis based on data as of 2024-05-15.

Dividend Overview

Dividend Yield

12.20%

Dividend / Share

$5.27

Key Metrics

Market Cap

$7.47B

P/E Ratio

-5.20

Forward P/E

EPS

$-8.44

PEG Ratio

-0.00

Book Value

$89.51

Dividend Yield

12.20%

Profit Margin

-47.23%

ROE

-9.24%

Dividend History

Dividend Safety

ARE Dividend Analysis

Alexandria Real Estate Equities Inc (ARE) dividend analysis including yield, payout history, and sustainability metrics. The current dividend yield is 12.20%. The annual dividend per share is $5.27.

P/E ratio: -5.20. Profit margin: -47.23%. Free cash flow: $1.86B. This page shows Alexandria Real Estate Equities Inc's dividend overview, key metrics, historical payout data, and dividend safety assessment to help income-focused investors evaluate the sustainability of dividend payments.

GoodMoat's dividend analyzer evaluates payout ratios, earnings coverage, and free cash flow coverage to determine how well supported Alexandria Real Estate Equities Inc's dividend payments are. Use this analysis alongside the company's financial statements and quality score to make informed income-investing decisions.