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Alexandria Real Estate Equities

$42.54

-0.26% Oct 21 close

Real EstateS&P 500 Compare

1M 3M 6M 1Y 2Y

ARESPY

+2.5%

-19.0%

-13.0%

-6.2%

YTD

-9.2%

-41.3%

Live chart

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What they 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. Alexandria is the preeminent and longest-tenured owner, operator.

Real Estate · REIT - Office

For information only · Important disclosures

Grades vs sector

Momentum

16th percentile in sector

12-1 return: -13.6%
Percentile within its GICS sector across the S&P 1500.

Growth

1st percentile in sector

Revenue growth (YoY): -11.9%
Percentile within its GICS sector across the S&P 1500.

Value

84th percentile in sector

A-

Forward E/P: – · EBITDA/EV: 7.6%
Percentile within its GICS sector across the S&P 1500.

Profitability

5th percentile in sector

Profit margin: -36.1% · Return on equity: -4.1%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

ranked 481 of 499 · 12-month momentum -35.7%

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

No recent headlines.

Key stats

52-week range$39.29 – $73.46

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans undervalued

Model read-out from the numbers below, not advice. Score +2 (DCF counts double).

▲DCF (base case)above the price by 41%

•Piotroski F-score4/9

Discounted cash flow

Bear

$12

-72%

growth 0% · disc. 10.2% · term. 2.0%

Base

$60

+41%

growth 5% · disc. 9.2% · term. 2.5%

Bull

$125

+195%

growth 8% · disc. 8.2% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Not enough data to run a reverse DCF.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Real Estate

P/E (trailing)

sector median 27.6×

–

Forward P/E

sector median 29.6×

–

EV / EBITDA

sector median 17.2×

–

Price / sales

sector median 6.5×

–

Price / book

sector median 1.8×

–

FCF yield

sector median 6.9%

–

Quality & financial health

Gross margin

–

Operating margin

–

FCF margin

45.0%

Net margin

-36.1%

Return on equity

-6.6%

Return on invested capital

–

Net debt / EBITDA

–

Current ratio

–

Interest cover

–

Cash conversion (OCF/NI)

–

Piotroski F-score 4/9 · last two fiscal years

✗ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✓ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FY	Revenue	Net income	Free cash flow
2025	$3.0B	$-1.4B	$1.4B
2024	$3.1B	$322.9M	$1.5B
2023	$2.9B	$103.6M	$1.6B
2022	$2.6B	$521.7M	$1.3B
2021	$2.1B	$571.2M	$1.0B
2020	$1.9B	$771.0M	$882.5M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +5.3%.

Earnings

Next report: –

No EPS history available.

Stats refreshed – ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

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Beta 0.9 · Oct 21, 2026

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