Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc., is a mission-driven life science REIT. The firm is pioneered the life science real estate niche. The firm is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus ecosystems in AAA life science and advanced technology inn…
Alexandria Real Estate Equities, Inc., is a mission-driven life science REIT. The firm is pioneered the life science real estate niche. The firm is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. Alexandria Real Estate Equities, Inc. was established on 5th January 1994 and was incorporated in Maryland.No valuation verdict yet
5-year outlook: Not shown because confidence is low: Dividend discount model agrees.
Why: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Details and the full model are below.
Selected model not applicable
DCF (trailing free cash flow) needs inputs this company does not have (for example positive earnings, free cash flow or EBITDA), so it gives no usable value.
Assumptions: growth 2%, discount rate 9%, terminal growth 2.30% (sector defaults). See a worked example.
Blended growth assumption: 2.0% (sector default 5.1%, own revenue history 4.6%, analyst revenue consensus -3.1%).
Analyst consensus expects revenue growth of -3.1% a year; the growth assumption used is 2.0%.
Adjust assumptions
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Why this model: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Compare models- Recommended: Normalised free-cash-flow DCF — USD 59.22 (+34.0%)
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EPS-based Gordon proxy
— not applicable
Not used: Cannot be computed: net income is zero or negative.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— not applicable
Not used: Cannot be computed: EBITDA is missing, zero or negative.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— not applicable
Not used: Cannot be computed: revenue is missing.
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
More detail: quality, peers, price history, dividends and financials
Quality score: 44 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 3 of 5 years profitable | 12 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +2.9% a year | 12 / 20 |
| Balance sheet | net debt 940.2x EBITDA | 0 / 20 |
| Margins | EBITDA margin 0% | 0 / 20 |
Peers in Real Estate
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| ARE (this company) | USD 44.19 | 25.4% | – | 0.5 | 7.9% | 44 |
| HST Host Hotels & Resorts | USD 24.49 | 44.5% | 16.3 | 2.6 | 3.9% | 100 |
| VMRK Vivmark Residential | USD 64.21 | 35.3% | 24.4 | – | 4.3% | 80 |
| VICI Vici Properties | USD 24.90 | 7.4% | 11.7 | 0.9 | 7.1% | 80 |
| UTG.L Unite Group PLC | GBP 4.89 | -2.1% | 24.6 | 0.5 | 6.4% | 68 |
| DLN.L Derwent London Plc | GBP 19.37 | -3.8% | 13.5 | 0.6 | 4.2% | 60 |
| WDP.BR Warehouses De Pauw SA | EUR 19.10 | -4.2% | 11.8 | 0.9 | 6.3% | 80 |
| DOC Healthpeak Properties | USD 19.87 | -6.3% | 35.3 | 1.7 | 6.2% | 76 |
| LAND.L Land Securities Group Plc | GBP 6.73 | -13.5% | 14.7 | 0.8 | 5.8% | 68 |
| Peer median | 15.5 | 0.9 | ||||
Dividends
Paid in the last 12 months: USD 2.88 per share · yield 6.52% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.160 |
| 2025 | 4.680 |
| 2024 | 5.190 |
| 2023 | 4.960 |
| 2022 | 4.720 |
| 2021 | 4.480 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:29
| Revenue | USD 2,892,629,000 |
|---|---|
| EBITDA | USD 13,552,000 |
| EBIT | USD -1,222,755,000 |
| Net income | USD -1,308,928,000 |
| Free cash flow | USD 405,695,000 |
| Capital expenditures | USD 2,653,017,000 |
| Debt | USD 13,251,024,000 |
| Cash | USD 508,855,000 |
| Working capital | USD -2,601,887,000 |
| Shares outstanding | 170,751,000 |
| Reported dividends per share | USD 3.5049 |