US · USD

ARE

Alexandria Real Estate Equities Inc

$45.92+0.09% ($0.04)Updated 10/6/26, 5:00 PM

Day's range: $45.79 – $47.12
Day's volume: $75.3M
52-week range: $39.29 – $73.66

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ARE in numbers

Market cap: $8B

P/E: -7.81

P/B: 0.51

Dividend yield (12m): 6.27%

The 12-month dividend yield of ARE is 6.27%, above its 5-year average of 5.02%.

ARE price history

10/07/202510/06/2026

Compare with

ARE risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	-9.30%	-50.65%	-71.07%
Volatility (annualized)	35.31%	33.78%	33.44%
Largest drawdown	-24.69%	-64.79%	-77.85%
Positive months	3/12	15/36	24/60

How much did investing in ARE return?

Amount invested

$1,000.00 invested on 11/01/2021 would be worth $289.28 today.

Value today in ARE: $289.28

Return over the period: -71.07%

Return per year: -22.25%

In the S&P 500: $1,712.05

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ARE fundamentals

Valuation

P/E-7.81
P/B0.51
EV/EBITDA—
EV/EBIT—
EV/Revenue7.16
P/EBIT—
P/S2.82
P/OCF6.25
P/FCF—
Earnings yield—
PEG ratio—
Earnings per share-$5.88
Book value per share$89.26

Debt

Net debt$12.3B
Net debt/EBITDA—
Net debt/Equity0.79
Debt/Equity0.82
Current ratio—
Quick ratio—
Cash ratio—

Efficiency

Gross margin—
EBITDA margin—
Operating margin—
Net margin-36.08%
Asset turnover0.08

Profitability

ROE-6.59%
ROA-2.96%
ROIC—
Payout—

Growth

Revenue CAGR (5 years)7.29%
Earnings CAGR (5 years)—
Revenue growth (year)—
Earnings growth (year)—
Revenue growth (quarter)—
Earnings growth (quarter)—

What is ARE's fair price?

Two classic value formulas, with today's numbers. The current price is $45.92.

Graham's fair price: —; Does not apply to ARE: the formula needs positive earnings and book value.

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price: $81.33; 77.12% above the price

$4.88 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ARE's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	-5.93	52.28	214.02	48.33	62.43	31.60	54.59	34.25
P/B	0.55	0.94	1.20	1.33	2.20	2.08	2.24	1.77
Dividend yield	10.79%	5.27%	3.87%	3.20%	1.98%	2.35%	2.44%	3.18%
Earnings per share	-$8.25	$1.87	$0.59	$3.01	$3.57	$5.64	$2.96	$3.36
Book value per share	$89.27	$103.35	$105.57	$109.61	$101.22	$85.78	$72.26	$65.13
ROE	-9.24%	1.81%	0.56%	2.75%	3.53%	6.57%	4.10%	5.17%
Net margin	-47.23%	10.36%	3.59%	20.15%	27.02%	40.89%	23.72%	28.57%

ARE's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$3B	$3.1B	$2.9B	$2.6B	$2.1B	$1.9B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	—	—	—	—	—	—
Income tax	—	—	—	—	—	—
Net income	-$1.4B	$322.9M	$103.6M	$521.7M	$571.2M	$771M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ARE pay dividends?

Announced payments
Type	Last day to own	Payment	Per share
Dividend	09/29/2026	10/15/2026	$0.72

Dividend yield per year

2.59%2017
3.18%2018
2.44%2019
2.35%2020
1.98%2021
3.20%2022
3.87%2023
5.27%2024
10.79%2025
4.70%2026

Payment history
Type	Last day to own	Payment	Per share
Dividend	06/29/2026	07/15/2026	$0.72
Dividend	03/30/2026	04/15/2026	$0.72
Dividend	12/30/2025	01/15/2026	$0.72
Dividend	09/29/2025	10/15/2025	$1.32
Dividend	06/27/2025	07/15/2025	$1.32
Dividend	03/28/2025	04/15/2025	$1.32
Dividend	12/30/2024	01/15/2025	$1.32
Dividend	09/27/2024	10/15/2024	$1.30
Dividend	06/27/2024	07/15/2024	$1.30
Dividend	03/26/2024	04/15/2024	$1.27
Dividend	12/27/2023	01/12/2024	$1.27
Dividend	09/27/2023	10/13/2023	$1.24

See all 39 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	06/28/2023	07/14/2023	$1.24
Dividend	03/29/2023	04/14/2023	$1.21
Dividend	12/28/2022	01/13/2023	$1.21
Dividend	09/28/2022	10/14/2022	$1.18
Dividend	06/28/2022	07/15/2022	$1.18
Dividend	03/29/2022	04/15/2022	$1.15
Dividend	12/29/2021	01/14/2022	$1.15
Dividend	09/28/2021	10/15/2021	$1.12
Dividend	06/28/2021	07/15/2021	$1.12
Dividend	03/29/2021	04/15/2021	$1.09
Dividend	12/29/2020	01/15/2021	$1.09
Dividend	09/28/2020	10/15/2020	$1.06
Dividend	06/26/2020	07/15/2020	$1.06
Dividend	03/27/2020	04/15/2020	$1.03
Dividend	12/27/2019	01/15/2020	$1.03
Dividend	09/26/2019	10/15/2019	$1.00
Dividend	06/26/2019	07/15/2019	$1.00
Dividend	03/27/2019	04/15/2019	$0.97
Dividend	12/27/2018	01/15/2019	$0.97
Dividend	09/26/2018	10/15/2018	$0.93
Dividend	06/27/2018	07/16/2018	$0.93
Dividend	03/27/2018	04/16/2018	$0.90
Dividend	12/27/2017	01/15/2018	$0.90
Dividend	09/27/2017	10/16/2017	$0.86
Dividend	06/27/2017	07/17/2017	$0.86
Dividend	03/28/2017	04/17/2017	$0.83
Dividend	12/27/2016	01/17/2017	$0.83

About Alexandria Real Estate Equities

Sector: Finance, insurance and real estate

Questions about ARE

How much is ARE today?

ARE is at $45.92 (0.09% on the day), last traded on 10/06/2026.

How much did ARE pay in dividends in 2025?

ARE paid $5.28 per share in 2025, a dividend yield of 10.79%.

When is the next ARE dividend?

The next announced payment is $0.72 per share on 10/15/2026.

What are the P/E and P/B of ARE?

ARE trades at a P/E of -7.81 and a P/B of 0.51.

How much did ARE return in 12 months?

ARE returned -9.30% in 12 months, with annualized volatility of 35.31% and a largest drawdown of -24.69%.