
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.
Carries 22.4x more debt than cash on its balance sheet.
Current Price
$43.23
-0.14%Alexandria Real Estate Equities Inc (ARE) Valuation
GoodMoat Analysis
Alexandria Real Estate Equities Inc presents a complex picture for a value investor. While the high FCF yield and dividend yield suggest a deeply discounted price, the negative profitability metrics and declining revenue are severe quality concerns that likely fail the initial Moat & Quality Gate of the framework.
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Fair Value Models
Graham Number, PEG-based, and Earnings-based models
View Fair Value →ARE Valuation & Fair Value Analysis
Alexandria Real Estate Equities Inc (ARE) valuation analysis using multiple fair value methodologies. GoodMoat calculates a blended fair value target using discounted cash flow (DCF) analysis, the Graham Number, and earnings-based valuation models.
The price-to-earnings (P/E) ratio is -5.20. Price-to-book ratio is 0.48. Price-to-sales ratio is 2.47. Enterprise value to EBITDA is 130.88. PEG ratio is -0.00.
GoodMoat's valuation models include the Graham Number (based on EPS and book value), an earnings-based model (discounted future EPS), and a PEG-adjusted valuation. The three models are averaged to produce a blended fair value estimate. Use these tools alongside the DCF calculator and reverse DCF to form a comprehensive view of Alexandria Real Estate Equities Inc's intrinsic value.