Alexandria Real Estate Equities, Inc. (ARE) Stock

Alexandria Real Estate Equities, Inc. (ARE) is a Real Estate stock trading at $53.50 (as of 2026-08-21), with a market capitalization of $9.32B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500 real estate investment trust focused on owning, operating, and developing collaborative life science, technology, and agtech campus properties in major innovation cluster locations in North America. Its portfolio includes operating assets and properties under construction, as well as development and redevelopment projects, serving tenants in those sectors.

Understand Alexandria Real Estate Equities, Inc.: how it makes money

Alexandria Real Estate Equities (ARE) owns, operates, and develops collaborative life science, technology, and agtech campus real estate, making money mainly from rental revenues from operating properties and from growing rental income through development and value creation pipelines.

ARE’s profit engine links today’s cash rent to tomorrow’s rental growth, using development and redevelopment (including value creation and under-construction projects) to increase annualized rental revenues over time.

Business quality (Mixed): The provided facts clearly describe the asset strategy and include several operating rental metrics, but they do not provide gross or operating margins, and there is no official reportable segment breakdown in the data given.

Bull case

Focused campus strategy in innovation clusters: ARE is uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations.
Scale of operating and under-construction space: In North America, ARE reports 49.7 million SF total, including 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction.
Pipeline metrics that target rental growth: The data highlights incremental annual rental revenue figures tied to development and redevelopment and to a value creation pipeline (including projected incremental annual rental revenue).

Bear case

Reliance on projected pipeline outcomes and timing: Some key figures provided are projected incremental annual rental revenue and incremental rental revenue tied to under-construction and next-six-quarters commencement, which implies results depend on pipeline execution and timing.
Limited disclosure in the provided dataset: Gross margin and operating margin are not provided in the facts given (shown as null), limiting visibility into profitability quality versus rental growth.

Valuation — source: SEC EDGAR (first-party)
Price	$53.50
Market Cap	$9.32B
Price / Book	0.49
Price / Sales	3.28
Dividend Yield	7.5%
DCF Value (model)	$140.22
DCF Upside vs Price	162.1%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$3.03B
Net Margin	-47.2%
Return on Equity	-5.3%
Debt / Equity	0.67
Revenue Growth (YoY)	-13.0%
EPS Growth (YoY)	-32.8%

Valuation vs Sector & Industry
Sector P/E (Real Estate)	27.2
Industry P/E (Trading)	35.3

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	NORGES BANK ($1.52B)
Institutional Holders Tracked	10
Congressional Trades (recent)	10

Company
Sector	Real Estate
Industry	Trading
CEO	Peter Moglia
Employees	552
Country	US
IPO Date	1997-05-28

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.