ARE · REIT · FFO, book-value and yield view
Alexandria Real Estate Equities, Inc. (ARE): Valuation Snapshot
Alexandria Real Estate Equities, Inc. (ARE) is a real-estate investment trust, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 19, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 19, 2026 · How these pages are made
How is a REIT like ARE valued?
This is a REIT. A free-cash-flow DCF is structurally the wrong lens for property: heavy depreciation and continuous property capex swamp reported free cash flow, which is why REITs are valued on FFO/AFFO, net asset value and dividend yield. We show those lenses instead of a DCF number we would not stand behind.
What is ARE's TickerWorth Score?
A weaker business than most companies
Compared with Real Estate companies in US
Its strongest point: looks cheap on the numbers. Its weakest: growth is slow or negative.
- Value · 98 of 100
Cheaper than 98% of Real Estate companies in US
- Price vs worth · — of 100
- Quality · 19 of 100
More profitable than 19% of Real Estate companies in US
- Financial health · 57 of 100
Financially stronger than 57% of Real Estate companies in US
- Growth · 0 of 100
Growing faster than almost none of the Real Estate companies in US
- Momentum · 1 of 100
Outperformed almost none of the Real Estate companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- $40.19
- Market cap
- $6,
916, 509, 184 - 52-week high
- $78.51
- 52-week low
- $39.41
- Currency
- USD
- Exchange
- NYSE
Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.
What we can say
Alexandria Real Estate Equities, Inc. (ARE) is a real-estate investment trust, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for one. A REIT's reported free cash flow is swamped by property depreciation and the continuous capital spending that maintaining a portfolio requires, which is why the industry is valued on funds from operations (FFO/AFFO), net asset value and dividend yield instead. We have the data to print a DCF number for ARE; we don't publish one because it would not mean what it appears to mean. What follows is how a REIT is actually read — descriptive, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, ARE trades at a recent price of $40.19, a market capitalisation of about $6,916,509,184, sitting 2% of the way up its 52-week range ($39.41–$78.51), on the NYSE.
The standard alternative to a DCF is relative valuation — comparing ARE's trading multiples against a sector benchmark. Here that gives P/B of 0.4× (cheaper than the peer median of 6.8×); P/S of 2.4× (cheaper than the peer median of 9.8×); EV/EBITDA of 13.2× (cheaper than the peer median of 19.3×); Dividend yield of 7.2% (cheaper than the peer median of 3.9%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. ARE shows a price-to-book (P/B) of 0.44 and book value of $91.10 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. ARE is in a down-trend (price below both its 50- and 200-day averages), trading -48.8% from its 52-week high. Over the past year the stock is -45.8%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for ARE are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
ARE vs peers
Sector benchmark (bellwethers, not direct competitors).
| Multiple | ARE | Peer median | Read |
|---|---|---|---|
| P/B | 0.4× | 6.8× | cheaper than |
| P/S | 2.4× | 9.8× | cheaper than |
| EV/EBITDA | 13.2× | 19.3× | cheaper than |
| Dividend yield | 7.2% | 3.9% | cheaper than |
What does Alexandria Real Estate Equities, Inc. do?
What does it do?
Alexandria Real Estate Equities, Inc., an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. It operates in the REIT - Office industry (Real Estate sector), headquartered in United States. The company employs roughly 514 people.
How does it make money?
The business turns $3.0B in annual revenue into profit. Out of every $100 of sales, about $17 is left as operating profit (operating margin of 17.3%), after a 68% gross margin on the products/services it sells. After all costs, taxes and interest, -36.1% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.7× equity), comfortably covers its short-term bills (2.4× current ratio), and is currently lossmaking.
Who at ARE filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Moglia Peter M | Chief Executive Officer | Shares withheld (tax) | $50,687.28 | Form 4 for Moglia Peter M (opens sec.gov in a new tab) | |
| Woronoff Michael A | Director | Grant / award | — | Form 4 for Woronoff Michael A (opens sec.gov in a new tab) | |
| Kuhn Hallie E. | EVP - Cap Market & Co-Lead -LS | Shares withheld (tax) | $48,378.02 | Form 4 for Kuhn Hallie E. (opens sec.gov in a new tab) | |
| Gossett Bret E. | EVP - Co-RMD | Shares withheld (tax) | $30,911.12 | Form 4 for Gossett Bret E. (opens sec.gov in a new tab) | |
| Thomas Gregory Calvin | EVP - CTO | Shares withheld (tax) | $58,011.28 | Form 4 for Thomas Gregory Calvin (opens sec.gov in a new tab) | |
| Stevens Blake L. | Regional Market Director | Shares withheld (tax) | $24,930.03 | Form 4 for Stevens Blake L. (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Companies we do put a number on
Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.