Compare Stocks › ARE vs MA

Alexandria Real Estate Equities (ARE) vs Mastercard Incorporated (MA): Which Is the Better Buy in 2026?

As of 2026-08-03, ARE is undervalued at $51, with a DCF intrinsic value of $9106274826 and a margin of safety of 100%. MA is fairly valued at $573, with an intrinsic value of $558 and a margin of safety of -3%. Of the two, ARE has the wider margin of safety.

ARE

Alexandria Real Estate Equities

$51.45

Mastercard Incorporated

$573.10

Rewards

ARE

★Gross margin of 68.6% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.

★Mastercard Incorporated has maintained ROIC above 15% for 4 consecutive years, indicating a durable competitive advantage.
★Gross margin of 100.0% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Mastercard Incorporated scores 99/100 on the Economic Moat Score (Wide Moat), with roic consistency as the strongest competitive dimension.

Risks

ARE

⚠PEG ratio of 3.24 indicates the stock is expensive relative to its expected growth — the market may be pricing in more growth than analysts project.
⚠Net debt/EBITDA of 6.7x indicates heavy leverage — it would take over 4 years of EBITDA to pay off net debt.
⚠Altman Z-Score of 0.10 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.

⚠High leverage (2.33x net debt/equity) combined with thin interest coverage (-1.0x) poses financial risk.
⚠5 insider sales totaling $22.1M with no purchases in the past 3 months — insiders are reducing their exposure.

Key Valuation Metrics

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ARE

Valuation

$1.41B

Free Cash Flow

$16.96B

N/A

FCF Yield

3.38%

N/A

Trailing P/E

31.54

-58.47

Forward P/E

24.96

Quality & Moat

1.14%

ROIC

55.99%

-4.14%

ROE

241.20%

68.59%

Gross Margin

100.00%

3.24

PEG Ratio

1.76

Balance Sheet Safety

0.64

Net Debt / Equity

2.33

N/A

Interest Coverage

N/A

6.70

Net Debt / EBITDA

0.59

5.60%

Dividend Yield

0.61%

ARE: 3Ties: 1MA: 6

AREMA

Historical Fundamentals

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ARE

Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation. The dashed forward point is the forward P/E — today's price ÷ analyst consensus EPS.

$1 Retained Earnings Test

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ARE

N/A

Net losses over 3 years — test not applicable

Company had negative cumulative retained earnings

Σ Retained

$-3.66B

Δ Market Cap

$-96.73

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

$5.62

created per $1 retained over 3 years

Exceptional Value Creator

Σ Retained

$31.68B

Δ Market Cap

+$177.96B

Buffett's "$1 Test": For every $1 of earnings retained, has management created at least $1 of market value?
> $1 created per $1 retained = Value Creator · < $1 created = Value Destroyer

Discounted Cash Flow (DCF) Analysis

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ARE

100.0% Margin of Safety

Price is 100.0% below estimated fair value

Current Price: $51.45

Strongly undervalued

Fairly valued

Strongly overvalued

Fair Value: $9106274826.16

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

2.7% Overvalued

Price is 2.7% above estimated fair value

Current Price: $573.10

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $557.89

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Reverse DCF — Market-Implied Growth

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ARE

What growth rate is the market pricing in at $51?

-3.6%

Market-Implied FCF Growth Rate

Market below historical growth — potential opportunity.

What growth rate is the market pricing in at $573?

+15.1%

Market-Implied Owner Earnings Growth

Standard FCF implies +13.4%

The market implies +15.1% Owner Earnings growth, roughly in line with history — reasonably priced.

Standard FCF implies +13.4%, reflecting ongoing growth investment.

Economic Moat Score

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ARE

50/100

Narrow Moat

70+ Wide · 40-69 Narrow · <40 None

Narrow moat with margin stability as the key competitive advantage. Improving reinvestment efficiency would strengthen the moat.

Composite score measuring competitive advantage durability across four dimensions: returns above cost of capital, pricing power stability, revenue predictability, and capital efficiency. Based on 4 years of fundamental data.

99/100

Wide Moat

70+ Wide · 40-69 Narrow · <40 None

Wide moat with strength across all dimensions. ROIC Consistency is the standout factor.

Forensic Accounting

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ARE

-2.80

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Beneish's 8-variable model estimates the probability of earnings manipulation. An M-Score above -1.78 signals elevated risk — companies in this range have historically been 3-5× more likely to be manipulating earnings. Scores between -2.22 and -1.78 fall in a grey zone warranting further investigation.

-2.53

Unlikely Manipulator

Above -1.78 = likely manipulator · -2.22 to -1.78 = grey zone

M-Score Trend

Ownership Breakdown

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ARE

Insiders 1.4%Institutions 97.0%Retail & Other 1.7%

No. of Institutional Holders869

High insider ownership aligns management incentives with shareholders — a key signal in Buffett-style analysis. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insiders 0.1%Institutions 91.5%Retail & Other 8.3%

No. of Institutional Holders4,764

High insider ownership aligns management incentives with shareholders. Institutional concentration can indicate smart-money conviction but also crowding risk.

Insider Buying Activity

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ARE

Buys (3M)

Buys (12M)

Total value (12M): $2.71M

MARCUS JOEL S

Officer and Director

$347,558

@ $46.34 · 2026-05-06

MARCUS JOEL S

Officer and Director

$320,416

@ $42.72 · 2026-05-05

MARCUS JOEL S

Officer and Director

$410,200

@ $41.02 · 2026-05-04

THOMAS GREGORY CALVIN

Chief Technology Officer

$143,500

@ $41.00 · 2026-04-30

MARCUS JOEL S

Officer and Director

$1.35M

@ $53.92 · 2026-02-12

MCGRATH SHEILA K.

Director

$141,360

@ $45.60 · 2025-12-10

Open market purchases · includes direct & indirect ownership · excludes option exercises

Buys (3M)

Buys (12M)

No open market insider purchases found.

Open market purchases · includes direct & indirect ownership · excludes option exercises

Open market purchases · includes direct & indirect ownership · excludes option exercises.

Insider Selling Activity

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ARE

Sells (3M)

Sells (12M)

Total value (12M): $546,506

BINDA MARC E.

Chief Financial Officer

$108,000

@ $54.00 · 2026-06-09

KUHN HALLIE E.

Officer

$25,835

@ $48.20 · 2026-04-17

GOSSETT BRET E.

Officer

$251,792

@ $53.55 · 2026-02-27

ALSBROOK MADELEINE THORP

Officer

$160,879

@ $46.15 · 2025-12-16

ALSBROOK MADELEINE THORP

Officer

$446,202

@ $102.34 · 2024-12-16

MOGLIA PETER M

Chief Executive Officer

$1.02M

@ $102.26 · 2024-12-16

RYAN DANIEL J

Officer

$1.03M

@ $103.31 · 2024-12-11

GAVINET ANDRES

Officer

$2.09M

@ $104.29 · 2024-12-11

KASS HUNTER

President

$530,650

@ $106.13 · 2024-12-09

CAIN JAMES P

Director

$42,456

@ $124.87 · 2024-09-16

CIRUZZI VINCENT R. JR

Officer

$855,756

@ $123.29 · 2024-09-13

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Sells (3M)

Sells (12M)

Total value (12M): $53.72M

MCLAUGHLIN EDWARD GRUNDE

Officer

$10.59M

@ $534.87 · 2026-07-15

ARKELL SANDRA A

Officer

$185,760

@ $540.00 · 2026-07-15

ARKELL SANDRA A

Officer

$216,000

@ $540.00 · 2026-07-07

SESHADRI RAJEEV

Officer

$3.58M

@ $526.37 · 2026-07-02

MCLAUGHLIN EDWARD GRUNDE

Officer

$7.49M

@ $525.19 · 2026-07-01

LING HAI

Officer

$4.48M

@ $499.20 · 2026-02-24

SACHIN J. MEHRA

Chief Financial Officer

$10.20M

@ $591.00 · 2025-09-02

LING HAI

Officer

$2.69M

@ $600.00 · 2025-08-22

SACHIN J. MEHRA

Chief Financial Officer

$10.46M

@ $586.89 · 2025-08-19

SACHIN J. MEHRA

Chief Financial Officer

$3.83M

@ $566.46 · 2025-08-05

GENACHOWSKI JULIUS

Director

$178,049

@ $570.67 · 2025-07-07

KIRKPATRICK LINDA PISTECCHIA

Officer

$536,480

@ $560.00 · 2025-06-30

SESHADRI RAJEEV

Officer

$601,447

@ $546.77 · 2025-06-27

GENACHOWSKI JULIUS

Director

$173,910

@ $561.00 · 2025-06-24

KIRKPATRICK LINDA PISTECCHIA

Officer

$536,480

@ $560.00 · 2025-06-24

SESHADRI RAJEEV

Officer

$508,474

@ $535.80 · 2025-06-20

VOSBURG CRAIG

Officer

$5.02M

@ $532.97 · 2025-06-20

SESHADRI RAJEEV

Officer

$1.76M

@ $561.78 · 2025-06-16

KIRKPATRICK LINDA PISTECCHIA

Officer

$549,373

@ $572.86 · 2025-06-13

VOSBURG CRAIG

Officer

$5.55M

@ $588.18 · 2025-06-12

VOSBURG CRAIG

Officer

$8.22M

@ $585.05 · 2025-06-05

ARKELL SANDRA A

Officer

$218,223

@ $577.31 · 2025-05-15

ARKELL SANDRA A

Officer

$257,535

@ $572.30 · 2025-05-12

MIEBACH MICHAEL

Chief Executive Officer

$8.68M

@ $550.16 · 2025-03-26

MCLAUGHLIN EDWARD GRUNDE

Officer

$3.81M

@ $534.68 · 2025-03-19

VOSBURG CRAIG

Officer

$6.12M

@ $556.14 · 2025-03-05

MIEBACH MICHAEL

Chief Executive Officer

$9.78M

@ $553.76 · 2025-03-05

VOSBURG CRAIG

Officer

$6.19M

@ $562.72 · 2025-02-26

MCLAUGHLIN EDWARD GRUNDE

Officer

$6.18M

@ $564.99 · 2025-02-18

VOSBURG CRAIG

Officer

$7.97M

@ $565.00 · 2025-02-18

MIEBACH MICHAEL

Chief Executive Officer

$10.17M

@ $564.95 · 2025-02-18

SACHIN J. MEHRA

Chief Financial Officer

$2.36M

@ $500.44 · 2024-11-01

MADABHUSHI VENKATA RAJAMANNAR

Officer

$2.30M

@ $491.03 · 2024-09-27

MADABHUSHI VENKATA RAJAMANNAR

Officer

$2.29M

@ $489.86 · 2024-09-20

ARKELL SANDRA A

Officer

$550,000

@ $500.00 · 2024-09-17

MADABHUSHI VENKATA RAJAMANNAR

Officer

$2.31M

@ $493.10 · 2024-09-13

ARKELL SANDRA A

Officer

$528,000

@ $480.00 · 2024-08-29

MASTERCARD FOUNDATION ASSET MANAGEMENT CORPORATION

Beneficial Owner of more than 10% of a Class of Security

$42.19M

@ $468.80 · 2024-08-22

MASTERCARD FOUNDATION ASSET MANAGEMENT CORPORATION

Beneficial Owner of more than 10% of a Class of Security

$42.03M

@ $467.02 · 2024-08-21

SACHIN J. MEHRA

Chief Financial Officer

$3.16M

@ $470.00 · 2024-08-16

LING HAI

Officer

$1.36M

@ $470.00 · 2024-08-16

SACHIN J. MEHRA

Chief Financial Officer

$6.11M

@ $455.00 · 2024-08-05

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives

Direct ownership only · excludes indirect, option exercises, planned (10b5-1) sales & derivatives.

🎭 Mr. Market's Mood

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ARE

😨Fear(39/100)

"Market is pessimistic — investigate whether fears are temporary or structural"

Composite sentiment score based on 6 market signals. Inspired by Buffett's "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

😏Greed(67/100)

"Market is optimistic — be cautious and ensure you have a margin of safety"

Composite sentiment score based on market signals. Inspired by Buffett’s "Mr. Market" allegory — fear = potential opportunity, greed = potential risk. Must be used alongside fundamental analysis, not in isolation.

⚖️ Buffett Signal

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ARE

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Fear (39)

⚪Awaiting DCF Data

The Buffett Signal cross-references market sentiment with DCF valuation. Configure the DCF Analysis above to generate a signal.

DCF Margin of Safety: N/AMr. Market's Mood: Greed (67)

View ARE Full Analysis View MA Full Analysis

Frequently Asked Questions: ARE vs MA

Is Alexandria Real Estate Equities or Mastercard Incorporated more undervalued in 2026?▼

Based on our discounted cash flow model, ARE trades at a 100.0% margin of safety (intrinsic value $9106274826 vs. price $51), compared to MA's -2.7% margin of safety (intrinsic $558 vs. $573).

Which stock has a wider economic moat, Alexandria Real Estate Equities or Mastercard Incorporated?▼

MA scores 99/100 (Wide moat), while ARE scores 50/100 (Narrow moat). The moat score measures competitive advantage durability across ROIC consistency, margin stability, revenue predictability, and reinvestment efficiency.

Is Alexandria Real Estate Equities in financial distress?▼

ARE's Altman Z-Score of 0.1 places it in the Distress zone, signaling elevated bankruptcy risk. MA scores 10.6 (Safe zone). The Altman Z-Score is a five-factor model that predicts insolvency within two years; scores below 1.81 indicate significant distress.

Which stock has higher return on invested capital, Alexandria Real Estate Equities or Mastercard Incorporated?▼

MA earns 56.0% ROIC versus ARE's 1.1%. A higher ROIC means the company generates more profit per dollar of capital employed, a hallmark of durable competitive advantage in Buffett-style analysis.

Which dividend is safer, Alexandria Real Estate Equities's or Mastercard Incorporated's?▼

MA's dividend earns a safety score of 94/100 (Very Safe), compared to ARE's 59/100 (Borderline). MA has raised its dividend for 3 consecutive years.