Last 48 quarters of trend data · Real Estate · REIT - Office
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Alexandria Real Estate Equities, Inc.'s quarterly P/E stands at 5.5x. EV/EBITDA has compressed 14.5% YoY to 12.6x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -5.40 | 5.53 | — | — | — | — | — | 30.92 | 116.97 | 33.22 | 13.84 | 192.50 | 290.40 |
| — | — | — | — | — | — | — | -83.9% | -59.7% | -79.9% | -82.1% | +1069.9% | +1253.6% | |
| P/S Ratio | 2.66 | 3.26 | 2.76 | 4.82 | 4.19 | 5.31 | 5.50 | 6.58 | 6.66 | 7.33 | 7.30 | 6.04 | 6.88 |
| — | -38.6% | -49.7% | -26.8% | -37.1% | -27.6% | -24.7% | +8.9% | -3.2% | -5.9% | -19.3% | -29.9% | -24.6% | |
| P/B Ratio | 0.41 | 0.45 | 0.44 | 0.67 | 0.57 | 0.72 | 0.75 | 0.90 | 0.89 | 0.97 | 0.96 | 0.75 | 0.85 |
| — | -37.0% | -41.9% | -25.4% | -36.0% | -26.4% | -21.8% | +19.5% | +4.2% | +3.0% | -9.7% | -29.3% | -25.6% | |
| P/FCF | 5.58 | 11.12 | 6.67 | 8.18 | 6.71 | 18.96 | 15.30 | 10.70 | 12.21 | 16.24 | 145.28 | 10.23 | 10.13 |
| — | -41.4% | -56.4% | -23.6% | -45.0% | +16.8% | -89.5% | +4.6% | +20.6% | -7.4% | +867.6% | -34.4% | -41.3% | |
| EV / EBITDA | 135.65 | 12.64 | — | 14.74 | 13.18 | 14.79 | 14.78 | 16.65 | 16.40 | 17.36 | 18.75 | 16.74 | 17.80 |
| — | -14.5% | — | -11.5% | -19.7% | -14.8% | -21.1% | -0.5% | -7.9% | -11.1% | -7.3% | -17.8% | -15.1% | |
| EV / EBIT | — | 30.41 | — | — | — | 80.30 | 183.14 | 32.29 | 57.86 | 32.73 | — | 88.37 | 49.80 |
| — | -62.1% | — | — | — | +145.3% | — | -63.5% | +16.2% | -44.8% | — | +334.7% | +97.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Alexandria Real Estate Equities, Inc.'s operating margin was 15.9% in Q1 2026, up 229.5 pp QoQ and down 3.5 pp YoY. The trailing four-quarter average of -40.4% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 4.2% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 68.9% | 66.6% | 69.2% | 67.5% | 69.6% | 69.5% | 68.5% | 69.9% | 71.2% | 71.1% | 70.0% | 69.2% | 69.9% |
| — | -4.2% | +1.0% | -3.5% | -2.3% | -2.2% | -2.2% | +1.0% | +1.9% | +1.7% | +1.0% | -0.2% | +0.8% | |
| Operating Margin | -40.5% | 15.9% | -213.6% | 17.3% | 18.7% | 19.4% | 21.0% | 26.4% | 26.8% | 26.8% | 23.6% | 24.7% | 24.6% |
| — | -17.9% | -1118.8% | -34.5% | -30.4% | -27.7% | -11.2% | +6.9% | +9.2% | +10.1% | +2.2% | +7.4% | -1.1% | |
| Net Margin | -48.2% | 59.4% | -143.4% | -31.6% | -14.5% | -1.2% | -8.2% | 21.6% | 6.2% | 22.6% | -11.9% | 3.4% | 12.8% |
| — | +5035.9% | -1658.4% | -246.1% | -334.7% | -105.3% | +31.5% | +531.2% | -51.6% | +99.4% | -245.9% | -93.5% | -69.9% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -6.9% | 2.1% | -5.4% | -1.1% | -0.5% | -0.0% | -0.3% | 0.7% | 0.2% | 0.8% | -0.4% | 0.1% | 0.4% |
| — | +5233.7% | -1846.5% | -246.7% | -338.0% | -105.4% | +29.2% | +593.8% | -48.0% | +119.0% | -257.8% | -93.5% | -70.5% | |
| ROA | -4.0% | 1.2% | -3.0% | -0.6% | -0.3% | -0.0% | -0.2% | 0.4% | 0.1% | 0.5% | -0.2% | 0.1% | 0.2% |
| — | +5005.0% | -1748.5% | -241.1% | -330.2% | -105.2% | +31.9% | +565.7% | -49.4% | +113.0% | -254.7% | -93.5% | -70.3% | |
| ROIC | -2.7% | 0.3% | -3.7% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% |
| — | -17.9% | -1171.6% | -36.9% | -32.4% | -30.2% | -12.2% | +11.9% | +12.4% | +16.5% | +8.3% | +7.5% | -0.9% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Alexandria Real Estate Equities, Inc.'s Debt/EBITDA ratio is 30.4x — elevated, raising questions about debt serviceability. The current ratio has weakened 71.8% YoY to 0.12x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.65 | 0.67 | 0.66 | 0.63 | 0.61 | 0.57 | 0.59 | 0.56 | 0.55 | 0.52 | 0.51 | 0.51 |
| — | +5.7% | +17.0% | +12.5% | +11.2% | +10.5% | +10.1% | +15.2% | +11.2% | +5.2% | +11.0% | -0.8% | -2.7% | |
| Debt / EBITDA | 86.11 | 30.37 | — | 29.86 | 28.23 | 27.69 | 26.02 | 26.76 | 25.96 | 25.70 | 26.77 | 27.55 | 27.43 |
| — | +9.7% | — | +11.6% | +8.8% | +7.8% | -2.8% | -2.9% | -5.4% | -11.5% | +6.0% | +2.2% | +3.0% | |
| Current Ratio | 0.43 | 0.12 | 0.43 | 0.27 | 0.29 | 0.42 | 0.40 | 0.30 | 0.33 | 0.47 | 0.39 | 0.36 | 0.60 |
| — | -71.8% | +7.6% | -9.2% | -11.0% | -11.1% | +2.5% | -17.0% | -45.0% | -31.4% | -32.9% | -26.4% | +58.9% | |
| Quick Ratio | 0.43 | 0.12 | 0.43 | 0.27 | 0.29 | 0.42 | 0.40 | 0.30 | 0.33 | 0.47 | 0.39 | 0.36 | 0.60 |
| — | -71.8% | +7.6% | -9.2% | -11.0% | -11.1% | +2.5% | -17.0% | -45.0% | -31.4% | -32.9% | -26.4% | +58.9% | |
| Interest Coverage | -4.37 | 2.65 | -14.16 | -2.61 | -0.12 | 1.76 | 0.71 | 5.90 | 3.05 | 6.37 | -0.33 | 6.98 | 8.83 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Alexandria Real Estate Equities, Inc.'s current P/E is -5.4x. The average P/E over the last 1 quarters is 5.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Alexandria Real Estate Equities, Inc.'s current operating margin is -40.5%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Alexandria Real Estate Equities, Inc.'s business trajectory between earnings reports.