| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | 1 | — | 1 | — | 1 | 3 | — | — | 1 | 1 |
| Sell | — | — | 1 | — | 1 | — | 1 | — | 1 | — | 1 | 1 |
| total | individual payouts | |
|---|---|---|
| 2026 | 2.16 |
—
—
—
|
| 2025 | 4.68 |
—
—
—
—
|
| 2024 | 5.19 |
—
—
—
—
|
| 2023 | 4.96 |
—
—
—
—
|
| 2022 | 4.72 |
—
—
—
—
|
| 2021 | 4.48 |
—
—
—
—
|
| 2020 | 4.24 |
—
—
—
—
|
| 2019 | 4.00 |
—
—
—
—
|
| 2018 | 3.73 |
—
—
—
—
|
| 2017 | 3.45 |
—
—
—
—
|
| 2016 | 3.23 |
—
—
—
—
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 660.77 | 559.85 | 553.76 | 475.14 |
| Receivables | 8.21 | 6.41 | 6.67 | 7.66 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 668.98 | 566.26 | 560.43 | 482.80 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 2,610.94 | 2,654.35 | 2,397.07 | 2,513.53 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 2,610.94 | 2,654.35 | 2,397.07 | 2,513.53 |
| 10y | 5y | 3y | |
| Sales | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 671.02 | 662.78 | — | — |
—
|
| ’25 | 758.16 | 762.04 | 751.94 | 754.41 |
3,026.56
|
| ’24 | 769.11 | 766.73 | 791.61 | 788.95 |
3,116.39
|
| ’23 | 700.80 | 713.90 | 713.79 | 757.22 |
2,885.70
|
| ’22 | 615.07 | 643.76 | 659.85 | 670.28 |
2,588.96
|
| ’21 | 479.85 | 509.62 | 547.76 | 576.92 |
2,114.15
|
| ’20 | 439.92 | 436.96 | 545.04 | 463.72 |
1,885.64
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 196.62 | 336.97 | — | — |
—
|
| ’25 | 207.95 | 460.24 | 433.48 | 312.38 |
1,414.05
|
| ’24 | 341.16 | 411.80 | 477.39 | 274.18 |
1,504.52
|
| ’23 | 305.57 | 478.47 | 417.89 | 428.62 |
1,630.55
|
| ’22 | 191.09 | 339.03 | 363.04 | 401.16 |
1,294.32
|
| ’21 | 212.05 | 239.76 | 308.82 | 249.56 |
1,010.20
|
| ’20 | 191.27 | 202.39 | 315.28 | 173.57 |
882.51
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (349.37) | (61.58) | — | — |
—
|
| ’25 | (369.71) | 105.92 | 53.95 | 2,073.84 |
1,864.00
|
| ’24 | (529.44) | (143.20) | (0.62) | 726.67 |
53.41
|
| ’23 | (745.34) | 76.45 | (226.19) | 37.33 |
(857.75)
|
| ’22 | (2,379.08) | (275.71) | (281.51) | (960.22) |
(3,896.52)
|
| ’21 | (2,098.71) | (1,373.24) | (1,003.09) | (1,848.70) |
(6,323.73)
|
| ’20 | (664.64) | (367.34) | (1,121.29) | (233.06) |
(2,386.33)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 2.10 | (0.43) | — | — |
—
|
| ’25 | (0.07) | (0.64) | (1.38) | (6.35) |
(8.44)
|
| ’24 | 0.97 | 0.25 | 0.96 | (0.38) |
1.80
|
| ’23 | 0.44 | 0.51 | 0.13 | (0.54) |
0.54
|
| ’22 | (0.96) | 1.67 | 2.11 | 0.31 |
3.18
|
| ’21 | 0.04 | 2.61 | 0.67 | 0.47 |
3.82
|
| ’20 | 0.14 | 1.82 | 0.63 | 3.26 |
6.01
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 126.74 | 90.73 | 96.44 | 44.10 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 224.33 | 172.65 | 131.36 | 105.14 | — | — | — |
High Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 593 | 568 | 552 | 514 | — | — | — |
Employees
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.37 | 5.08 | 5.65 | 5.89 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2,588.96 | 2,885.70 | 3,116.39 | 3,026.56 | — | — | — |
Revenue
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 69.75% | 70.23% | 70.82% | 69.52% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 132.78 | 2.98 | 374.36 | (1,849.54) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.13% | 0.10% | 12.01% | (61.11%) | — | — | — |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 670.70 | 280.99 | 510.73 | (1,216.73) | — | — | — |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 941.73 | 1,016.84 | 1,135.14 | 1,332.34 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 16.02 | 16.88 | 18.11 | 17.77 | — | — | — |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 3.18 | 0.54 | 1.80 | (8.44) | — | — | — |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.01 | 9.54 | 8.74 | 8.30 | — | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (32.11) | (14.56) | (8.43) | 2.64 | — | — | — |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.10) | (5.02) | 0.31 | 10.94 | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 140.26 | 132.27 | 130.05 | 112.14 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 161.66 | 170.91 | 172.07 | 170.31 | — | — | — |
Shares
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 46.04 | 239.46 | 54.19 | 0.00 | — | — | — |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9.00 | 7.66 | 5.39 | 2.75 | — | — | — |
PS Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.03 | 0.98 | 0.75 | 0.44 | — | — | — |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 12.73 | 11.35 | 9.14 | 6.67 | — | — | — |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (8.46) | (38.19) | 533.09 | 10.83 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1,294.32 | 1,630.55 | 1,504.52 | 1,414.05 | — | — | — |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5,190.84) | (2,488.30) | (1,451.12) | 449.95 | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3,896.52) | (857.75) | 53.41 | 1,864.00 | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,605.67) | (1,941.96) | (2,088.09) | (1,836.65) | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10,509.76 | 11,315.64 | 12,244.37 | 12,400.55 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 9,651.79 | 10,654.87 | 11,684.52 | 11,846.80 | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 22,673.63 | 22,606.51 | 22,378.49 | 19,097.65 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.56% | 0.26% | 0.83% | (4.02%) | — | — | — |
ROA
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.21% | 1.38% | 1.53% | 1.29% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.46% | 0.41% | 1.38% | (6.93%) | — | — | — |
ROE
|
Alexandria Real Estate Equities (ARE), a premier REIT specializing in life science and tech campuses in hotspots like Boston and San Francisco, has powered through a decade of booms and busts with impressive 16% revenue CAGR from 2016-2024, fueled by pandemic-driven lab space demand. Yet, shares have cratered over 75% from 2021 peaks amid soaring interest rates, biotech funding droughts, and hybrid work pressures, trading at rock-bottom valuations like 2.8x PS and 0.4x PB as of early 2026—despite revenue still up 47% over that span.
Fundamentals show resilience: stable 70% gross margins, surging free cash flow to $1.86 billion in 2025 (from deep negatives), and capex shifting to maintenance mode as expansion cools. Earnings swing wildly, with a projected 2025 plunge to -$1.22 billion net loss from property impairments, exacerbated by debt doubling to $12.4 billion—but improving cash flows signal a deleveraging pivot and reduced financing needs.
Analysts eye modest 14% upside, betting on Fed rate cuts to shrink cap rates and revive biotech leasing, mirroring past REIT recoveries like Prologis post-GFC. Risks loom from office vacancies and further impairments, but at trough multiples in a secular life sciences tailwind, ARE offers 10-15% potential annualized returns for patient investors—dive into the full analysis for leasing catalysts and strategic parallels.
Keep track of companies that you follow and research.
Full access to our data with predictions and indicators that we calculate daily.
Full access to our screener with tons of custom values and customizable email notifications.
Excel export of financials and screeners you define and save.