Alexandria Real Estate Equities
ARE stock analysis · Real Estate · Office REITs
As of · fund-implied per-share value
Fund holding value ÷ shares held. Not a live quote; not adjusted for later stock splits.
View SEC fund filing ↗Price × SEC outstanding shares. Shares measured 2026-04-15. Approximate; share and price dates can differ.
View share-count filing ↗DCF value
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Reverse DCF
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Relative valuation
Requires market caps for at least five comparable profitable issuers.
How this is calculated ↗Historical multiples
6 annual observations
How this is calculated ↗Free cash flow yield
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗ROIC / quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Value composite
Requires three valuation yields and at least five covered sector peers.
How this is calculated ↗12–1 price momentum
Split and corporate-action verification is incomplete for these fund observations. Verified adjusted endpoints are required for 12–1 momentum.
How this is calculated ↗Asset growth
Annual basis · read assumptions below
How this is calculated ↗Net payout yield
Annual basis · read assumptions below
How this is calculated ↗Accrual quality
Generic cash-flow and operating-capital models are not suitable for this sector; specialist bank/insurance or REIT analysis is required.
How this is calculated ↗Fundamental momentum
Requires two adjacent years of revenue, operating income and cash flow.
How this is calculated ↗Follow the cash
ANNUAL · USDOperating cash flow and reinvestment over time
Annual USD. Negative bars use a compressed lower scale. Hover or inspect the financial history table for exact values.
Make the assumptions yours
How sensitive is the valuation?
| Return / Growth | 3.0% | 5.0% | 7.0% |
|---|---|---|---|
| 8.0% | — | — | — |
| 10.0% | — | — | — |
| 12.0% | — | — | — |
Annual financial history
Open SEC filings ↗| Fiscal year-end | Revenue | Net income | Operating cash flow | Capital expenditure | Assets |
|---|---|---|---|---|---|
| 2025-12-31 | 3B | -1.2B | 1.4B | — | 34.1B |
| 2024-12-31 | 3.1B | 510.7M | 1.5B | — | 37.5B |
| 2023-12-31 | 2.9B | 281M | 1.6B | — | 36.8B |
| 2022-12-31 | 2.6B | 670.7M | 1.3B | — | 35.5B |
| 2021-12-31 | 2.1B | 654.3M | 1B | — | 30.2B |
| 2020-12-31 | 1.9B | 827.2M | 882.5M | — | 22.8B |
| 2019-12-31 | 1.5B | 404M | 683.9M | — | 18.4B |
| 2018-12-31 | 1.3B | 402.8M | 570.3M | — | 14.5B |
USD, abbreviated. Restated annual history; not a point-in-time backtest. Missing values appear as dashes.
Trace the inputs
MODEL ANNUAL PERIOD| Input | Value | SEC tag / source | Filed |
|---|---|---|---|
| revenue | 3B | RevenueFromContractWithCustomerIncludingAssessedTax | 2026-01-26 |
| netIncome | -1.2B | ProfitLoss Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-01-26 |
| Parent/common earnings proxy | -1.4B | NetIncomeLossAvailableToCommonStockholdersBasic | 2026-01-26 |
| cfo | 1.4B | NetCashProvidedByUsedInOperatingActivities | 2026-01-26 |
| capex | — | Not reported under a supported tag | — |
| operatingIncome | — | Not reported under a supported tag | — |
| assets | 34.1B | Assets | 2026-01-26 |
| equity | 19.1B | StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest Explicit consolidated amount, including the portion attributable to noncontrolling interests. | 2026-01-26 |
| Parent book equity proxy | 15.5B | StockholdersEquity | 2026-01-26 |
| debt | 12.4B | LongTermDebt | 2026-01-26 |
| shortDebt | — | Not reported under a supported tag | — |
| cash | 549.1M | CashAndCashEquivalentsAtCarryingValue | 2026-01-26 |
| shares | 170.3M | WeightedAverageNumberOfDilutedSharesOutstanding | 2026-01-26 |
| dividends | 911.5M | PaymentsOfDividendsCommonStock | 2026-01-26 |
| buybacks | 208.2M | PaymentsForRepurchaseOfCommonStock | 2026-01-26 |
| issuance | 0 | ProceedsFromIssuanceOfCommonStock | 2026-01-26 |