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Alexandria Real Estate Equities, Inc.(ARE)Earnings, Financials & Key Ratios
ARE•NYSE•REIT / Real Estate
$55.22
Price updated Jun 27, 2026
AboutAlexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their 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, technology, and agtech 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.Show more
- Revenue$2.97B-2.6%
- FFO-$80M-105.2%
- FFO/Share-0.47-105.3%
- FFO Payout-1138.5%-2032.6%
- FFO per Share-0.47-105.3%
- NOI Margin68.94%-1.8%
- FFO Margin-2.69%-105.4%
- ROE-6.88%-579.9%
- ROA-4%-559.6%
ARE Price & Volume
Alexandria Real Estate Equities, Inc. (ARE) stock price & volume — 10-year historical chart
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Lab Asset Contraction Pressures Core Profitability Metrics
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial Position:Strained
Cash Flow:Mixed
Primary Risk:Biotech funding cycle sensitivity
"Alexandria Real Estate Equities faces a challenging transition as revenue growth has contracted to -9.7% in 2026Q1, reflecting significant headwinds within its specialized life science cluster portfolio. The firm's reliance on debt has increased, with the debt-to-equity ratio rising to 0.65, while persistent non-cash impairment charges continue to obscure underlying earnings power. Investors should monitor the sustainability of the dividend payout, which previously reached a 1.24 ratio relative to AFFO, as the company navigates high capital expenditure requirements and asset valuation volatility."
Verdict Logic
the firm's current P/B ratio of 0.49 and the recent contraction in revenue growth to -9.7% suggest significant valuation risks and operational instability that outweigh the current 9.7% dividend yield.
ARE Growth Metrics
Alexandria Real Estate Equities, Inc. (ARE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years13.74%
5 Years9.42%
3 Years4.87%
TTM-4.57%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-813.22%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-922.83%
Return on Capital
10 Years1.93%
5 Years0.93%
3 Years0.21%
Last Year-3.56%
ARE Recent Earnings
Alexandria Real Estate Equities, Inc. (ARE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 27, 2026Metric
Actual
Est
EPS
$1.73+0.0%
$1.73
Rev
$653M-4.6%
$685M
Q1 2026
Jan 26, 2026Metric
Actual
Est
EPS
$2.16+0.5%
$2.15
Rev
$729M-1.4%
$739M
Q4 2025
Oct 27, 2025Metric
Actual
Est
EPS
$2.22-3.9%
$2.31
Rev
$736M-1.2%
$745M
Q3 2025
Jul 21, 2025Metric
Actual
Est
EPS
$2.33+1.7%
$2.29
Rev
$762M+1.2%
$753M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $1.73vs $1.73+0.0% | $653Mvs $685M-4.6% |
| Q1 2026 | Jan 26, 2026 | $2.16vs $2.15+0.5% | $729Mvs $739M-1.4% |
| Q4 2025 | Oct 27, 2025 | $2.22vs $2.31-3.9% | $736Mvs $745M-1.2% |
| Q3 2025 | Jul 21, 2025 | $2.33vs $2.29+1.7% | $762Mvs $753M+1.2% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Alexandria Real Estate Equities, Inc. (ARE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $55.22 | $9.56B | -6.54 | -2.59% | -48.15% | -6.88% | 9.69% | |
| $40.83 | $9.65B | 26.01 | 108.79% | 71.55% | 8.63% | — | |
| $62.93 | $1.8B | 16.01 | -13.8% | 45.58% | 6.41% | — | |
| $0.98 | $613.76K | -0.21 | -67.7% | -1319.55% | -105.46% | — | |
| $67.40 | $10.75B | 38.74 | 2.19% | 9.09% | 4.13% | — | |
| $39.11 | $7.36B | 9.31 | 1.27% | 43.99% | 11.77% | — |
Compare ARE vs Peers
Alexandria Real Estate Equities, Inc. (ARE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ARE SEC Filings & Documents
Alexandria Real Estate Equities, Inc. (ARE) SEC filings — annual & quarterly reports (10-K, 10-Q)
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ARE Frequently Asked Questions
Alexandria Real Estate Equities, Inc. (ARE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Alexandria Real Estate Equities, Inc.'s revenue?
Alexandria Real Estate Equities, Inc. (ARE) reported $2.90B in revenue for fiscal year 2025. This represents a 25326% increase from $11.4M in 1996.
How fast is Alexandria Real Estate Equities, Inc. growing?
Alexandria Real Estate Equities, Inc. (ARE) saw revenue decline by 2.6% over the past year.
Is ARE profitable?
Alexandria Real Estate Equities, Inc. (ARE) reported a net loss of $1.02B for fiscal year 2025.
Dividend & Returns
Does ARE pay dividends?
Yes, Alexandria Real Estate Equities, Inc. (ARE) pays a dividend with a yield of 9.69%. This makes it attractive for income-focused investors.
What is ARE's return on equity?
Alexandria Real Estate Equities, Inc. (ARE) has a return on equity (ROE) of -6.9%. Negative ROE indicates the company is unprofitable.
Industry Metrics
What is Alexandria Real Estate Equities, Inc.'s FFO?
Alexandria Real Estate Equities, Inc. (ARE) generated Funds From Operations (FFO) of $290.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is ARE a good dividend stock?
Alexandria Real Estate Equities, Inc. (ARE) offers a 9.69% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.