---
title: Alexandria Real Estate Equities (ARE) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/are
ticker: ARE
as_of: 2026-10-17
sector: Real Estate
industry: REIT - Office
---
# Alexandria Real Estate Equities (ARE)

Alexandria Real Estate Equities (ARE) closed at $41.62 on Oct 16, 2026, undervalued by 59% vs its model value of $101.67 (from its own five-year median price to Cash FFO).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $41.62 (Oct 16, 2026) |
| Model value (from its own five-year median price to Cash FFO) | $101.67 |
| Price vs model | undervalued by 59% vs model |
| Range of that model | $72.77 – $138.16 |
| Market value | $7.3B |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | -48.2% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 6.92% |
| Beta | 1.18 |
| Cost of capital (WACC) | 6.16% |
| Business classification | Loss-Making (Low/slowing growth (~2% recent), Currently unprofitable, Strong dividend yield, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #4 | 6.92% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Highest free cash flow yield | #7 | 19.5% | https://sweetvaluelab.com/lists/highest-free-cash-flow-yield |
| Near 52-week lows | #18 | +3.0% | https://sweetvaluelab.com/lists/near-52-week-lows |
| Insider buying | #28 | $479,800 | https://sweetvaluelab.com/lists/insider-buying |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 6.92% |
| Dividends per share, last 12 months | $2.88 |
| Coverage | — |
| Raised | — |
| Growth over 5 years | -8.2% a year |
| Latest payment | $0.72, ex-date Sep 30, 2026, paid Oct 15, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 29, 2021 | $4.42 |
| To Sep 29, 2022 | $4.66 |
| To Sep 28, 2023 | $4.90 |
| To Sep 30, 2024 | $5.14 |
| To Sep 30, 2025 | $5.28 |
| Trailing twelve months (to Sep 30, 2026) | $2.88 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/Cash FFO · own history | primary | $101.67 | $72.77 | $138.16 |
| EV/EBITDA · peers | cross check | $0.00 | $0.00 | $0.00 |
| EV/Revenue · peers | cross check | $6.62 | $0.00 | $9.81 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 2 open-market buys ($479,800) and 2 open-market sales ($1.4M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | Moglia Peter M | Chief Executive Officer | Tax withholding | 1,068 | $50,687.3 |
| Sep 30, 2026 | Woronoff Michael A | Director | Grant / award | 896 | $0 |
| Sep 15, 2026 | Kuhn Hallie E. | EVP - Cap Market & Co-Lead -LS | Tax withholding | 914 | $48,378 |
| Sep 15, 2026 | Gossett Bret E. | EVP - Co-RMD | Tax withholding | 584 | $30,911.1 |
| Sep 15, 2026 | Thomas Gregory Calvin | EVP - CTO | Tax withholding | 1,096 | $58,011.3 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 24, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation | https://www.sec.gov/Archives/edgar/data/1035443/000103544326000069/are-20260924.htm |
| Aug 21, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1035443/000110465926099706/tm2623699d1_8k.htm |
| Aug 14, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1035443/000110465926097337/tm2622485d5_8k.htm |
| Aug 14, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1035443/000110465926097328/tm2622485-2_424b5.htm |
| Aug 10, 2026 | 424B5 | Prospectus supplement | https://www.sec.gov/Archives/edgar/data/1035443/000110465926093108/tm2622485-1_424b5.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Christopher Davis | 2026-06-30 | 80,467 | $4.3M |

1 tracked managers in all.

## About

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. Since its inception in 1994, Alexandria has uniquely focused on the ownership, operation, and development of integrated campuses tailored for the life science, technology, and agtech sectors, strategically positioned within premier innovation ecosystems. By December 31, 2020, the company commanded a market capitalization of $31.9 billion and managed an extensive North American asset portfolio totaling 49.7 million square feet. This substantial base encompasses 31.9 million RSF of operational properties, 3.3 million RSF of premium Class A spaces currently under construction, 7.1 million RSF designated for near-to-mid-term development and refurbishment, and an additional 7.4 million SF earmarked f…

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Source: https://sweetvaluelab.com/stocks/are (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.