Alexandria Real Estate Equities, Inc. (ARE) Stock Analysis
Over the past 10 years, Alexandria Real Estate Equities (ARE) earnings per share (EPS) declined 61.8% a year, revenue grew 13.7% a year and free cash flow grew 51.5% a year, with an average return on invested capital (ROIC) of 1.7%. ARE stock trades at $40.26. Analysts' average 12-month price target is $50.11 (+24.5%).
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® real estate investment trust, stands as the pioneering and most seasoned entity in the specialized domain of urban office properties.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 5.0% | -0.4% | -11.3% | F |
| EPS GrowthEPS Still negative | -61.8% | -56.0% | -241.2% | F |
| Revenue GrowthRevenue | 13.7% | 9.4% | -2.9% | C+ |
| Cash Flow GrowthCash Flow | 51.5% | 9.9% | -70.5% | F |
| ROICROIC | 1.7% | 0.8% | -3.7% | F |
Exhibit B Valuation Ledger
- Current EPS
- -$8.42
- Historical Avg P/E
- 90.9
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
No card required. $5/month after the trial if you keep going.
Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $55.57 | $64.33 | $64.63 | $71.06 | $78.79 | $92.70 | $109.79 | $117.36 | $108.08 | $103.96 | $90.79 | $86.72 | |
| Basic EPSEPS | $1.63 | -$0.87 | $1.59 | $5.02 | $1.60 | $4.69 | $3.83 | $3.18 | $0.54 | $1.80 | -$8.44 | -$8.42 | |
| RevenueRevenue | $819,554,000 | $897,893,000 | $1,124,511,000 | $1,327,459,000 | $1,516,864,000 | $1,893,785,000 | $2,108,249,000 | $2,576,040,000 | $2,842,456,000 | $3,049,706,000 | $2,970,717,000 | $2,892,629,000 | |
| Free Cash FlowCash Flow | $-340,729,000 | $-1,044,008,000 | $-1,103,512,000 | $-1,373,819,000 | $683,857,000 | $882,510,000 | $-6,323,728,000 | $1,294,321,000 | $1,630,550,000 | $1,504,524,000 | $1,414,046,000 | $405,695,000 | |
| ROIC (%)ROIC | 1.6% | 0.4% | 1.4% | 3.1% | 2.4% | 5.6% | 1.8% | 1.8% | 2.0% | 2.2% | -3.7% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
25 firms rate it — 9 buy, 13 hold, 3 sell · Most recent Oct 2026
ARE Stock FAQ
What is ARE's stock price target?
The average 12-month analyst price target for ARE is $50.11, with a range of $41.00 to $60.00. That is +24.5% from the current price of $40.26.
Do analysts rate ARE a buy?
Opinion is mixed. Of 25 firms covering Alexandria Real Estate Equities, the ratings are 9 buy or strong buy, 13 hold and 3 sell or strong sell.
How fast is Alexandria Real Estate Equities growing?
Annual growth rates for ARE. EPS: -61.8% over 10 years, -56.0% over 5 years, -241.2% over 1 year. Revenue: 13.7% over 10 years, 9.4% over 5 years, -2.9% over 1 year. Free cash flow: 51.5% over 10 years, 9.9% over 5 years, -70.5% over 1 year. Book value per share: 5.0% over 10 years, -0.4% over 5 years, -11.3% over 1 year.
What is ARE's ROIC?
Alexandria Real Estate Equities' return on invested capital (ROIC) was -3.7% in fiscal 2025. Its 10-year average ROIC is 1.7%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is ARE's P/E ratio?
ARE has no meaningful P/E ratio right now because its earnings are negative. Trailing earnings per share are -$8.42.
What is Alexandria Real Estate Equities' market cap and stock price?
ARE last traded at $40.26 as of October 28, 2026. Its 52-week range is $39.41 to $63.61. Alexandria Real Estate Equities has a market cap of $7.07B.
Exhibit D Related Coverage
Similar Stocks
Data as of October 28, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.