ARE Stock Analysis: Alexandria Real Estate | NYSE
REIT - Office | NYSE, USA | Market Cap: 9.623m USD | 12M Return: -22.8% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 106M
Qual. Beats: 0
Rev. Trend: 65.4%
Qual. Beats: -3
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Alexandria Real Estate Equities (ARE) is an S&P 500 mission-driven life science REIT and a pioneer of the life science real estate niche. The company owns, operates, and develops large-scale Megacampus ecosystems clustered in top-tier innovation hubs, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. Headquartered in Pasadena, California, Alexandria was established on January 5, 1994, and is incorporated in Maryland.
As a REIT in the Diversified REITs sub-industry, Alexandria is structured to benefit from U.S. tax rules that require it to distribute the majority of its taxable income to shareholders as dividends. Its core business model focuses on providing highly specialized laboratory and research facilities tailored to pharmaceutical, biotechnology, and medical device tenants, a niche distinct from traditional office or residential REITs.
- Biotech funding recovery drives life science lab space demand
- Interest rate cuts pressure REIT cap rates and valuation
- Megacampus development pipeline expands future rental revenue
| Net Income: -1.02b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA 0.46 > 1.0 |
| NWC/Revenue: -72.86% < 20% (prev -39.10%; Δ -33.75% < -1%) |
| CFO/TA 0.04 > 3% & CFO 1.40b > Net Income -1.02b |
| Net Debt (12.8b) to EBITDA (405.6m): 31.60 < 3 |
| Current Ratio: 0.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (188.4m) vs 12m ago 10.47% < -2% |
| Gross Margin: 68.25% > 18% (prev 69.80%; Δ -1.55% > 0.5%) |
| Asset Turnover: 8.08% > 50% (prev 8.08%; Δ -0.00% > 0%) |
| Interest Coverage Ratio: -3.78 > 6 (EBIT TTM -908.2m / Interest Expense TTM 240.4m) |
| DSRI: 1.22 (Receivables 327.0m/280.2m, Revenue 2.90b/3.04b) |
| GMI: 1.02 (GM 69.80% / 68.25%) |
| AQI: 1.00 (AQ_t 0.94 / AQ_t-1 0.95) |
| SGI: 0.95 (Revenue 2.90b / 3.04b) |
| TATA: -0.07 (NI -1.02b - CFO 1.40b) / TA 34.2b) |
| Beneish M = -2.86 (Cap -4..+1) = A |
As of July 01, 2026, the stock is trading at USD 55.59 with a total of 2,127,291 shares traded. Over the past week, the price has changed by +3.77%, over one month by +10.10%, over three months by +15.35% and over the past year by -22.80%.
Current recommended Stop Loss: 52.30 (which is 5.9% or 1.6 ATR below the current price).
Alexandria Real Estate has received a consensus analysts rating of 3.54. Therefore, it is recommended to hold ARE.
- StrongBuy: 3
- Buy: 1
- Hold: 9
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 51.5 | -7.4% |
P/E Forward = 16.6945
P/S = 3.2842
P/B = 0.6116
P/EG = 3.2356
Revenue TTM = 2.90b USD
EBIT TTM = -908.2m USD
EBITDA TTM = 405.6m USD
Long Term Debt = 11.2b USD (from longTermDebt, last quarter)
Short Term Debt = 1.35b USD (from shortTermDebt, last quarter)
Debt = 13.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 358.6m
Net Debt = 12.8b USD (calculated: Debt 13.2b - CCE 418.7m)
Enterprise Value = 22.4b USD (9.62b + Debt 13.2b - CCE 418.7m)
Interest Coverage Ratio = -3.78 (Ebit TTM -908.2m / Interest Expense TTM 240.4m)
EV/FCF = 16.00x (Enterprise Value 22.4b / FCF TTM 1.40b)
FCF Yield = 6.25% (FCF TTM 1.40b / Enterprise Value 22.4b)
FCF Margin = 48.39% (FCF TTM 1.40b / Revenue TTM 2.90b)
Net Margin = -35.30% (Net Income TTM -1.02b / Revenue TTM 2.90b)
Gross Margin = 68.25% ((Revenue TTM 2.90b - Cost of Revenue TTM 920.4m) / Revenue TTM)
Gross Margin QoQ = 66.60% (prev 69.18%)
Tobins Q-Ratio = 0.66 (Enterprise Value 22.4b / Total Assets 34.2b)
Interest Expense / Debt = 1.82% (Interest Expense 240.4m / Debt 13.2b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -717.5m (EBIT -908.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.29 (Total Current Assets 843.1m / Total Current Liabilities 2.95b)
Debt / Equity = 0.84 (Debt 13.2b / totalStockholderEquity, last quarter 15.7b)
Debt / EBITDA = 31.60 (Net Debt 12.8b / EBITDA 405.6m)
Debt / FCF = 9.14 (Net Debt 12.8b / FCF TTM 1.40b)
Total Stockholder Equity = 16.3b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.85% (Net Income -1.02b / Total Assets 34.2b)
RoE = -6.29% (Net Income TTM -1.02b / Total Stockholder Equity 16.3b)
RoCE = -3.31% (EBIT -908.2m / Capital Employed (Equity 16.3b + L.T.Debt 11.2b))
RoIC = -2.21% (negative operating profit) (NOPAT -717.5m / Invested Capital 32.4b)
WACC = 4.30% (E(9.62b)/V(22.9b) * Re(8.23%) + D(13.2b)/V(22.9b) * Rd(1.82%) * (1-Tc(0.21)))
Discount Rate = 8.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -6.82 | Cagr: 4.37%
[DCF] Terminal Value 75.74% ; FCFF base≈1.39b ; Y1≈1.42b ; Y5≈1.56b
[DCF] Fair Price = 65.55 (EV 24.2b - Net Debt 12.8b = Equity 11.4b / Shares 174.3m; r=8.35% [WACC [floored]]; 5y FCF grow 2.29% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.83 | # QB: 0
Revenue Correlation: 65.41 | Revenue CAGR: 2.78% | SUE: -1.40 | # QB: -3
EPS next Quarter (2026-09-30): EPS=-0.05 | Chg30d=N/A | Revisions=N/A | Analysts=1
EPS current Year (2026-12-31): EPS=1.85 | Chg30d=N/A | Revisions=+33% | GrowthEPS=+121.9% | GrowthRev=-13.8%
EPS next Year (2027-12-31): EPS=-0.88 | Chg30d=N/A | Revisions=N/A | GrowthEPS=-134.7% | GrowthRev=+0.3%
[Analyst] Revisions Ratio: +33%