A Business at a Glance
0 of 5 daily views used (5 remaining). Sign up free for 10 daily views, or try AAPL for a full preview.
We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax purposes. Alexandria Real Estate Equities, Inc. (NYSE: ARE), 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 and 3.5 million RSF of Class A/A+ properties undergoing construction.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 3.0B | 3.0B | 3.1B | 2.9B | 2.6B | 2.1B |
| Net Income | -1.4B | -1.4B | 310M | 92M | 513M | 571M |
| EPS | $-8.44 | $-8.44 | $1.80 | $0.54 | $3.18 | $3.82 |
| Free Cash Flow | 1.1B | 1.1B | 1.0B | 1.0B | -1.6B | -4.4B |
| ROIC | -3.5% | -5.0% | 1.7% | 0.6% | 2.2% | 3.0% |
| Gross Margin | 24.9% | 24.9% | 32.2% | 32.3% | 31.0% | 31.7% |
| Debt/Equity | 0.80 | 0.80 | 0.68 | 0.61 | 0.53 | 0.53 |
| Dividends/Share | $5.35 | $4.68 | $5.19 | $4.96 | $4.48 | $4.24 |
| Operating Income | -1.2B | -1.2B | 495M | 167M | 607M | 713M |
| Operating Margin | -40.0% | -40.0% | 15.9% | 5.8% | 23.5% | 33.7% |
| ROE | -9.3% | -8.6% | 1.7% | 0.5% | 2.7% | 3.5% |
| Shares Outstanding | 170M | 170M | 172M | 171M | 161M | 150M |
ALEXANDRIA REAL ESTATE EQUITIES, INC. passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 6.9x vs a median of 15.1x. The company's 5-year average ROIC is 0.5% with a gross margin of 30.4%. Total shareholder yield (dividends + buybacks) is 15.0%. At current prices, the estimated annualized return to fair value is +10.9%.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a 5-year average return on invested capital (ROIC) of 0.5%. This is below average and may indicate limited pricing power.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a market capitalization of $7.5B. It is classified as a mid-cap stock.
Yes, ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) pays a dividend with a trailing twelve-month yield of 12.23%. The company also returns capital through share buybacks, with a buyback yield of 2.79%.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) reported annual revenue of $3.0 billion in its most recent fiscal year, based on SEC EDGAR filings.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a net profit margin of -47.5%. The company is currently unprofitable.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a debt-to-equity ratio of 0.80. This indicates moderate leverage.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) reported earnings per share (EPS) of $-8.44 in its most recent fiscal year.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a return on equity (ROE) of -8.6%. A negative ROE may indicate losses or negative equity.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a 5-year average gross margin of 30.4%. This indicates decent pricing power.
The Ledger Terminal provides 18 years of financial data for ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) has a book value per share of $90.80, based on its most recent annual SEC filing.