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Alexandria Real Estate Equities Inc
🇺🇸 ARE · NYSE/NASDAQ · US0152711091
Real Estate
Price at analysis: USD 51.92 Current price: USD 52.70 * updated every night
Scores
Key Metrics
Powered by EODHDP/E (TTM)
N/A
P/E (Price-to-Earnings)Shows how much investors pay for each $1 of profit. We display the TTM P/E (Trailing Twelve Months) which uses actual earnings from the last 4 quarters. This is more reliable than Forward P/E which uses analyst estimates.
Why N/A?
EPS data not available.
Net Debt/EBITDA (TTM)
29.0x
Latest quarter: 34.4x
Net Debt / EBITDAA leverage ratio showing how many years of EBITDA (earnings before interest, taxes, depreciation, and amortization) it would take to repay net debt. EBITDA approximates operating cash generation. Lower ratios (e.g., <3x) are generally safer; higher (e.g., >5x) may indicate more financial risk.
Latest quarter (2026-06-30): 34.4x
The quarterly value can spike when quarterly EBITDA is very low (e.g., one-time charges).
Quick guide: <2x manageable, >4x can be risky (sector-dependent).
ROE
-4.1%
ROE (Return on Equity)A profitability measure: how much profit is generated from shareholders’ equity. Higher isn’t always better if it comes from high debt.
EV/EBITDA
31.7x
EV/EBITDAA valuation ratio that compares total business value (including debt) to EBITDA. Lower can mean cheaper, but context matters.
Dividend Summary
Powered by EODHDDividend Yield (Fwd)
8.45%
TTM: 6.57%
Dividend YieldThe Forward yield (Fwd) shows the next announced annual dividend / current price — what you'd earn going forward. The Trailing yield (TTM) in the tooltip shows dividends actually paid in the last 12 months. Forward is shown as primary because it reflects the company's current commitment to shareholders.
Forward Yield (estimated): 8.45%
Trailing Yield (TTM, last 12 months): 6.57%
Payout Ratio (Fwd)
689.5% TTM
Payout RatioDividends as a percentage of earnings. The Forward payout (Fwd) uses the announced dividend divided by actual past earnings (TTM) — it tells you if the company can afford what it promised. Very high payouts can be risky, especially if profits fall.
Announced dividend / actual earnings (TTM)
Dividend History
EODHD Dividends API| Status | Type | Decl. Date | Ex-Div Date | Pay Date | Currency | Amount |
|---|---|---|---|---|---|---|
| Forecast* | Quarterly | — | 30 Jun 2027 | — | USD | 0.72 |
| Forecast* | Quarterly | — | 31 Mar 2027 | — | USD | 0.72 |
| Forecast* | Quarterly | — | 31 Dec 2026 | — | USD | 0.72 |
| Forecast* | Quarterly | — | 30 Sep 2026 | — | USD | 1.32 |
| Paid | Quarterly | 01 Jun 2026 | 30 Jun 2026 | 15 Jul 2026 | USD | 0.72 |
| Paid | Quarterly | 27 Feb 2026 | 31 Mar 2026 | 15 Apr 2026 | USD | 0.72 |
| Paid | Quarterly | 03 Dec 2025 | 31 Dec 2025 | 15 Jan 2026 | USD | 0.72 |
| Paid | Quarterly | 02 Sep 2025 | 30 Sep 2025 | 15 Oct 2025 | USD | 1.32 |
* Extrapolated from past dividend history. Not an official announcement — treat as an estimate, not a confirmed date or amount.
Summary
Alexandria Real Estate Equities offers a deeply discounted valuation (P/FFO 6.45) and an attractive 6.57% yield, with ongoing cash flows masking severe GAAP impairments. However, structural obsolescence risks regarding traditional lab space, recent forced dividend cuts, and ongoing securities fraud litigation weigh heavily on the company's core quality. Not recommended for new positions due to long-term structural risks overshadowing the temporary valuation opportunity.
Sector Context
Alexandria Real Estate Equities is an office REIT specializing in life science and agricultural technology campuses. While REITs are essential cash-flow generators for DGI strategies, highly specialized office real estate faces cyclical demand risks and unique structural obsolescence threats compared to more defensive property types.
Temporary Opportunity Identified
Massive non-cash real estate impairments and a temporary oversupply in life science submarkets have driven severe GAAP losses, temporarily masking robust underlying cash flows.
📊 Strategy Analysis
- • Valued at a steep discount with a P/FFO of 6.45 and trading 48.96% below its Net Asset Value.
- • Attractive 6.57% TTM dividend yield, supported by a healthy operating cash flow payout ratio of 54.85%.
- • Recent revenue growth remains intact, with the company posting a 10-year revenue CAGR of 12.7% and strong leasing volumes.
⚠ What to Watch
- • Executed a 9.8% dividend cut in 2025 ($5.19 to $4.68) to preserve capital amidst real estate impairments, structurally capping its dividend track record.
- • Reported a severe net loss of $1.08 billion for the quarter ended December 31, 2025, driven by massive $1.45 billion real estate impairment charges.
- • Long-term structural risk of functional obsolescence for traditional wet labs as the industry shifts toward AI-driven drug discovery and automated cloud labs.
- • Ongoing securities fraud class action litigation regarding undisclosed lease deterioration and asset impairments at its Long Island City property.
📊 Historical Trends (10 Years)
Powered by EODHDThese charts show how key metrics have evolved over the past decade, helping you identify if the company is improving or deteriorating.
Debt Evolution (Net Debt / EBITDA)
Lower values are better. A declining trend indicates the company is reducing its debt (deleveraging).
Revenue & Earnings Growth
Consistent growth in revenueRevenue
The money a company brings in from selling its products or services. It’s the top line before costs. (blue) and earningsEarnings (Profit)
What’s left after expenses. Positive earnings mean the business made a profit; negative means a loss. (green) indicates a healthy business. Look for upward trends and recoveries after temporary dips.
Dividend Sustainability (FCF vs Dividends Paid)
Free cash flowFree Cash Flow
Cash left after the company pays for running the business and maintaining it. Often used to fund dividends, pay debt, or buy back shares. (FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., blue) should cover dividends paidDividends Paid
Cash the company paid out to shareholders. It’s not guaranteed and can change over time. (green). If dividends consistently exceed FCFFCF (Free Cash Flow)
Short for Free Cash Flow: cash left after operating needs and maintenance spending., the dividend may be at risk.
Analysis date: 2026-08-29
Disclaimer: This information is for educational purposes only. Not financial advice.