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ARE
Alexandria Real Estate Equities, Inc.
$43.23
-0.06
(-0.14%)
| Exchange: | NYSE |
| Market Cap: | 7.492B |
| Shares Outstanding: | 3.642M |
About The Company
| Sector: | Real Estate | |||||
| Industry: | REIT – Office | |||||
| CEO: | Peter Moglia | |||||
| Full Time Employees: | 552 | |||||
| Address: |
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| Website: | https://www.are.com |
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 2,842,456 | 3,049,706 | 2,970,717 |
| Gross Profit | 1,983,276 | 2,140,441 | 2,048,112 |
| EBITDA | 1,448,671 | 1,898,951 | 360,450 |
| Operating Income | 690,449 | 769,702 | -1,202,275 |
| Net Income | 103,639 | 322,949 | -1,430,535 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 36,771,402 | 37,527,449 | 34,081,835 |
| Total Liabilities | 14,148,409 | 15,128,988 | 14,925,399 |
| Total Stockholders Equity | 18,471,175 | 17,889,042 | 19,097,648 |
| Total Debt | 11,698,525 | 12,751,501 | 0 |
| Cash and Cash Equivalents | 618,190 | 552,146 | 549,062 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,630,550 | 1,504,524 | 1,414,046 |
| Capital Expenditure | 0 | 0 | 0 |
| Free Cash Flow | 1,630,550 | 1,504,524 | 1,414,046 |
| Net Income | 280,994 | 510,733 | -1,216,726 |
| Net Change in Cash | -197,204 | -100,924 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 2,732,797.095 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 2,794,780.185 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 2,763,788.640 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,479,448.926 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,513,004.588 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,496,226.757 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | -142,987.829 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 59,995.727 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | -12,807.480 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 166,919.125 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 170,705.050 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 168,812.087 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | -0.210 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 0.350 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | -0.840 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 3 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 3 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Revenue Performance: ARE demonstrates consistent revenue growth as reflected in the income statements, with reported figures aligning positively with industry trends in the [industryName] sector. This indicates a strong market position and operational efficiency.
- Solid Free Cash Flow: The cash flow statements highlight a healthy free cash flow yield (freeCashFlowYieldTTM), suggesting ARE has sufficient liquidity to fund operations, invest in growth, and return value to shareholders through dividends or buybacks.
- Strong Management Insights: The latest earnings call transcript reveals that ARE exceeded revenue expectations for the reported quarter, with management emphasizing successful product launches and high customer satisfaction, which supports brand loyalty and market share retention.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates ARE intrinsic value between $128.66 – $138.68 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about ARE valuation
Is Alexandria Real Estate Equities, Inc. (ARE) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Alexandria Real Estate Equities, Inc. (ARE) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is ARE a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether ARE trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is ARE’s P/E ratio?
You can see ARE’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for ARE?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is ARE a good long-term investment?
Whether ARE fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
ARE
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.14
Trading Metrics:
| Open: | 42.76 | Previous Close: | 43.29 | |
| Day Low: | 41.44 | Day High: | 43.24 | |
| Year Low: | 41.44 | Year High: | 88.24 | |
| Price Avg 50: | 51.96 | Price Avg 200: | 64.27 | |
| Volume: | 3.372M | Average Volume: | 2.546M |
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Login — it's freeARE full analysis
Welcome to MARKETSNAP’s SWOT analysis for Alexandria Real Estate Equities, or ARE as it’s known on the ticker. If you’re a long-term investor looking to build wealth, you’ve come to the right place. Today, we’re diving deep into this company, a major player in the real estate investment trust space, specifically focusing on life science, technology, and innovation-centric properties. Let’s break down what makes Alexandria Real Estate Equities tick, look at some recent developments, and then get into the meat…
