Alexandria Real Estate Equities
About the company
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 comparison 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.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Selected model not applicable
EV/Sales (Rule of 40) 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%.
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Show the recommended model instead
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 (+31.1%)
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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
1 year price change: -9.94% · USD 45.17 · Market data through 05 Nov 2026 . The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (2 hours, 57 minutes ago).
06 Nov 2025Range USD 39.29 – 57.1405 Nov 2026
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 45.17 | 23.7% | – | 0.5 | 7.8% | 44 |
| HST Host Hotels & Resorts | USD 24.63 | 44.2% | 16.4 | 2.6 | 3.9% | 100 |
| VMRK Vivmark Residential | USD 65.25 | 34.2% | 24.8 | – | 4.2% | 80 |
| VICI Vici Properties | USD 25.21 | 6.2% | 11.8 | 1.0 | 7.0% | 80 |
| UTG.L Unite Group PLC | GBP 4.93 | -2.9% | 24.8 | 0.5 | 6.4% | 68 |
| DLN.L Derwent London Plc | GBP 19.44 | -4.2% | 13.5 | 0.6 | 4.2% | 60 |
| WDP.BR Warehouses De Pauw SA | EUR 19.40 | -5.9% | 12.0 | 0.9 | 6.2% | 80 |
| DOC Healthpeak Properties | USD 20.12 | -7.6% | 35.7 | 1.8 | 6.1% | 76 |
| LAND.L Land Securities Group Plc | GBP 6.78 | -14.4% | 14.8 | 0.8 | 5.7% | 68 |
| Peer median | 15.6 | 0.9 | ||||
Dividends
Paid in the last 12 months: USD 2.88 per share · yield 6.38% 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 |