Stocks · Real Estate · REIT - Office
Alexandria Real Estate Equities, Inc. ARE
$47.37 +0.72% Close, Oct 2, 2026 · NYSE · Market cap $8.26B
High risk
Next earnings report: Oct 26, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin narrowed to -45.7% from 21.4% a year earlier.
- The diluted share count rose 10.7% in a year.
- Net debt is 29.0× EBITDA, a high level of leverage.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 20%
- FCF growth (TTM, YoY)Bottom 25%
- Revenue growth, 3-year CAGRBottom 48%
- Revenue growth accelerationTop 24%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 11%
- Gross marginTop 26%
- Operating marginBottom 5%
- Accruals (lower is better)Top 16%
- Net debt / EBITDA (lower is better)Bottom 9%
- Interest coverBottom 5%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 10%
- Free-cash-flow yieldTop 23%
- EBITDA / enterprise valueBottom 14%
- Sales / enterprise valueTop 31%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 10%
- 6-month returnTop 21%
- 1-year return vs S&P 500Bottom 11%
- Distance from 52-week highBottom 13%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 5%
- Consecutive EPS beatsBottom 18%
- Share of analysts rating BuyBottom 29%
- Upside to consensus price targetBottom 21%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 13%
- Maximum drawdown, 3 yearsBottom 9%
- Beta vs S&P 500 (lower is better)Bottom 29%
- Net debt / EBITDA (lower is better)Bottom 9%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -4.6% | -2.1% | ↑ |
| Gross margin | 69.4% | 69.5% | ↑ |
| Operating margin | 21.4% | -45.7% | ↓ |
| FCF margin | 47.0% | 29.6% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -2.1% | -4.6% | ↑ | Bottom 20% |
| Gross margin | 69.5% | 69.4% | ↑ | Top 26% |
| Operating margin | -45.7% | 21.4% | ↓ | Bottom 5% |
| Net margin | -30.6% | -0.3% | ↓ | — |
| Free-cash-flow margin | 29.6% | 47.0% | ↓ | — |
| Return on invested capital | -4.2% | — | Bottom 11% | |
| Revenue growth, 3-year CAGR | 4.9% | — | Bottom 48% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -6.3%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.3%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -95.2 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 29.00×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- -5.4×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 8.50%
- Net buyback yield (TTM)
- 0.13%
- Shareholder yield
- 8.63%
- Share count change, 1 year
- +10.7%
- Share count change, 3-year CAGR
- +3.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 3, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 0
- Beats in the last 8 reports
- 2 of 8
- Average EPS surprise, last 4
- -100.0%
- Average 2-day reaction, last 8
- -0.5%
- Positive 20 days after report
- 2 of 8
Analysts
- Consensus price target
- $54.00
- Target vs current price
- +14.0%
- Analysts with a rating
- 25
- Share rating Buy or Strong Buy
- 36%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 3, 2026 | -557.9% | +3.1% | -3.3% | +0.2% | — |
| Apr 27, 2026 | +21.4% | -3.9% | -12.7% | +2.0% | +4.7% |
| Jan 26, 2026 | -2359.8% | -4.2% | -8.5% | -10.0% | -19.9% |
| Oct 27, 2025 | -378.1% | +0.6% | -24.8% | -34.3% | -25.0% |
| Jul 21, 2025 | -208.5% | +0.1% | +5.1% | -2.7% | -5.5% |
| Apr 28, 2025 | -109.8% | +1.4% | -1.9% | -10.6% | +9.3% |
| Jan 27, 2025 | -141.8% | +0.5% | -4.2% | -4.4% | -25.0% |
| Oct 21, 2024 | +8.6% | -1.9% | -7.2% | -13.3% | -17.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 3, 2026 | -$0.43 | $0.09 | -557.9% | $643.2M |
| Apr 27, 2026 | $2.10 | $1.73 | +21.4% | $653.0M |
| Jan 26, 2026 | -$6.35 | $0.28 | -2359.8% | $728.9M |
| Oct 27, 2025 | -$1.38 | $0.50 | -378.1% | $735.8M |
| Jul 21, 2025 | -$0.64 | $0.59 | -208.5% | $737.3M |
| Apr 28, 2025 | -$0.07 | $0.70 | -109.8% | $743.2M |
| Jan 27, 2025 | -$0.38 | $0.91 | -141.8% | $763.2M |
| Oct 21, 2024 | $0.96 | $0.88 | +8.6% | $775.7M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (forward) | 31.4× | — | — | — |
| EV / EBITDA | 48.4× | — | — | Bottom 14% |
| EV / Sales | 6.96× | — | — | Top 31% |
| Free-cash-flow yield | 10.61% | — | — | Top 23% |
| Earnings yield | -11.75% | — | — | Bottom 10% |
P/E over the past five years
Range 27.7× – 180.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- +0.4%
- 200-day average slope (20 days)
- +0.4%
- Distance from 50-day average
- -7.1%
- Distance from 200-day average
- -5.8%
- RSI (14)
- 37.1
- Relative volume
- 1.10×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 43.4%
- Volatility vs own 5-year history
- 83th percentile · High for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.72
- Correlation with S&P 500
- 0.26
- Current drawdown from 1-year high
- -43.5%
- Maximum drawdown, 3 years
- -69.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 29, 2021 | Apr 28, 2026 | -81.9% | 1085 days | Not yet recovered |
| Dec 31, 2020 | Mar 4, 2021 | -11.3% | 42 days | 32 days (Apr 20, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $8.26B
- EPS, diluted (TTM)
- -$5.56
- Revenue (TTM)
- $2.96B
- Dividend yield
- 6.08%
- 52-week range
- $39.41 – $85.37
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.11B | $2.58B | $2.84B | $3.05B | $2.97B |
| Gross profit | $1.48B | $1.79B | $1.98B | $2.14B | $2.05B |
| Operating income | $512.2M | $613.5M | $690.4M | $769.7M | -$1.20B |
| Net income | $571.2M | $521.7M | $103.6M | $322.9M | -$1.43B |
| EPS (diluted) | $3.82 | $3.18 | $0.54 | $1.80 | -$8.44 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $775.7M | $763.2M | $743.2M | $737.3M | $735.8M | $754.4M | $671.0M | $796.0M |
| Net income | $167.9M | -$62.2M | -$8.9M | -$107.0M | -$232.8M | -$1.08B | $398.4M | $12.2M |
| EPS (diluted) | $0.96 | -$0.38 | -$0.07 | -$0.64 | -$1.38 | -$6.35 | $2.10 | $0.07 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $1.01B | $1.29B | $1.63B | $1.50B | $1.41B |
| Capital expenditure | -$7.33B | $0 | $0 | $0 | $0 |
| Free cash flow | -$6.32B | $1.29B | $1.63B | $1.50B | $1.41B |
| Dividends paid | -$656.0M | -$757.7M | -$847.5M | -$898.6M | -$911.5M |
| Net share buybacks | $3.53B | $2.35B | $103.8M | -$23.0M | -$208.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $470.4M
- Total assets
- $34.63B
- Total liabilities
- $15.47B
- Total debt
- $12.81B
- Net debt
- $12.34B
- Shareholders’ equity
- $15.55B
As of Jun 30, 2026 (filed Aug 3, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 30, 2026 | $0.72 | Oct 15, 2026 |
| Jun 30, 2026 | $0.72 | Jul 15, 2026 |
| Mar 31, 2026 | $0.72 | Apr 15, 2026 |
| Dec 31, 2025 | $0.72 | Jan 15, 2026 |
| Sep 30, 2025 | $1.32 | Oct 15, 2025 |
| Jun 30, 2025 | $1.32 | Jul 15, 2025 |
| Mar 31, 2025 | $1.32 | Apr 15, 2025 |
| Dec 31, 2024 | $1.32 | Jan 15, 2025 |
Short interest
- Shares sold short
- 6,756,134
- Days to cover
- 4.55
- Change vs previous report
- -7.4%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Jul 30, 2002
- 100-for-1