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Alexandria Real Estate Equities, Inc. (ARE) Stock Overview

Market Cap: $8.58B

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.

Mar 19, 2026$49.52

1Y -49.3%

Rewards

★Gross margin of 69.4% indicates strong pricing power — typical of businesses with significant intellectual property or brand strength.
★Dividend yield of 8.24% with a consistent or growing payout over the past 4 years.
★FCF yield of 15.7% is historically attractive — the business generates significant cash relative to its price.

Risks

⚠Net debt/EBITDA of 6.3x indicates heavy leverage — it would take over 4 years of EBITDA to pay off net debt.
⚠Altman Z-Score of 0.43 places the company in the distress zone — financial patterns resemble those of companies that experienced bankruptcy.

ARE Key Valuation Metrics

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Free Cash Flow

$1.35B

FCF Yield

15.68%

Trailing P/E

N/A

Forward P/E

N/A

ROIC

1.70%

ROE

-7.51%

Gross Margin

69.42%

PEG Ratio

N/A

Debt / Equity

0.67

Interest Coverage

N/A

Net Debt / EBITDA

6.30

Dividend Yield

8.24%

ARE Historical Fundamentals

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Price ÷ Earnings Per Share — how many years of current earnings you're paying for at today's price. Lower P/E may indicate undervaluation.

ARE $1 Retained Earnings Test

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N/A

Net losses over 3 years — test not applicable

Company had negative cumulative retained earnings

Σ Retained

$-3.66B

Δ Market Cap

$-16.53B

Δ Earning Power

$-21.68B

Buffett's "$1 Test": For every $1 retained, how much value did management create?
Market Value = market's verdict (mood-sensitive) · Earning Power = owner earnings / discount rate (mood-independent)

ARE Discounted Cash Flow (DCF) Analysis

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2.4% Overvalued

Price is 2.4% above estimated fair value

Current Price: $49.52

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Fair Value: $48.37

Strongly undervalued

Undervalued

Fairly valued

Overvalued

Strongly overvalued

Parameter	Min (Bear)Value	BaseValue	Max (Bull)Value
Initial Cash Flow
Growth Rate (Yr 1-5)	%	%	%
Growth Rate (Yr 6-10)	%	%	%
Terminal Growth Rate	%	%	%
Discount Rate	%	%	%
	Bear Case $32.77 Implied EV: $17.89B	Base Case $48.37 Implied EV: $20.59B	Bull Case $60.19 Implied EV: $22.64B

Reverse DCF — Market-Implied Growth

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What growth rate is the market pricing in at $50?

+4.2%

Market-Implied FCF Growth Rate

Market roughly matching historical growth — reasonable.

ARE Economic Moat Score

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40/100

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.

ARE Forensic Accounting

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-2.82

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.

ARE Management & Board

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Mr. Peter M. Moglia

CEO & Chief Investment Officer · Age 58

$2.68M

total pay

Mr. Marc E. Binda CPA

CFO & Treasurer · Age 48

$1.65M

total pay

Mr. Lawrence J. Diamond

Co-COO & Regional Market Director of Maryland · Age 67

$1.22M

total pay

Mr. Joseph Hakman

Co-COO & Chief Strategic Transactions Officer · Age 53

Mr. Andres R. Gavinet CPA

Chief Accounting Officer · Age 55

Mr. Gregory C. Thomas

Executive Vice President & Chief Technology Officer

Ms. Jackie B. Clem J.D.

General Counsel & Secretary · Age 55

Mr. Dean A. Shigenaga CPA

Strategic Consultant · Age 58

$2.37M

total pay

Mr. John J. Cox

Senior VP & Regional Market Director of Seattle

Mr. Timothy M. White

Senior Vice President of Asset Services

ARE Ownership

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Insiders 1.3%Institutions 98.2%Retail & Other 0.5%

No. of Institutional Holders899

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.

ARE Insider Buying Activity

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Buys (3M)

Buys (12M)

Total value (12M): $1.49M

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

ARE Insider Selling Activity

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Sells (3M)

Sells (12M)

Total value (12M): $412,671

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

ARE 🎭 Mr. Market's Mood

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😨Fear(29/100)

"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.

ARE ⚖️ Buffett Signal

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⚪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 (29)

ARE Investment Checklist & Notes

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Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:30:04 AM

ARE Insider Buying Activity

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Buys (3M)

Buys (12M)

Total value (12M): $1.49M

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

ARE Insider Selling Activity

Learn more →

Sells (3M)

Sells (12M)

Total value (12M): $412,671

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

ARE Investment Checklist & Notes

Learn more →

Do I understand this business?

Does it have a durable competitive advantage (moat)?

Is management honest and competent?

Is management allocating capital rationally?

Is the price reasonable (margin of safety)?

Is this within my circle of competence?

Auto-saved • Last updated: 3/20/2026, 4:30:04 AM

Alexandria Real Estate Equities, Inc. (ARE) Stock Overview

Rewards

Risks

ARE Key Valuation Metrics

ARE Historical Fundamentals

ARE $1 Retained Earnings Test

ARE Discounted Cash Flow (DCF) Analysis

Reverse DCF — Market-Implied Growth

ARE Economic Moat Score

ARE Forensic Accounting

M-Score Trend

ARE Management & Board

ARE Ownership

ARE Insider Buying Activity

ARE Insider Selling Activity

ARE 🎭 Mr. Market's Mood

ARE ⚖️ Buffett Signal

Compare ARE

ARE Investment Checklist & Notes

ARE Insider Buying Activity

ARE Insider Selling Activity

ARE Investment Checklist & Notes