your badges 52W Range $39–$84 18% of range Analyst Rating HOLD 25 analysts Price Target $53 +11% upside P/E -7.8 ROE -6.3% Net Profit Margin -36.1%

ARE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $47.37
Market Cap (MRQ) $8.09B
P/E (TTM) -7.8
EPS (TTM) $-6.06
Revenue (TTM) $2.84B
ROE (TTM) -6.3%
52W Range $39–$84

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About Alexandria Real Estate Equities, Inc. Common Stock Company overview from Wikipedia

05 · wikidata

Alexandria Real Estate Equities, Inc. is a real estate investment trust based in Pasadena, California that invests in office buildings and laboratories leased to tenants in the life science and technology industries. Properties are generally located near universities to attract tenants. The company owns several major technology/biotechnology office campuses including the 740,972 square foot Alexandria Center for Life Science in Manhattan, and the 2,365,487 square foot Alexandria Center at Kendall Square and the 1,181,635 square foot Technology Square (Cambridge, Massachusetts) in the Boston area.

The company is dependent on the life sciences industry and funding for research by the United States Government.

The company also has a venture capital arm, Alexandria Venture Investments, which invests in life sciences firms.

The company is named after Alexandria, Egypt because of that city's connection to science.

Investments

As of December 31, 2024, the company owned or had investments in 391 properties containing 44.1 million square feet.

The company's largest tenants are as follows:

The company's revenues are derived in the following markets:

History

In 1993, one of the partners of Jacobs Engineering Group, Jerry M. Sudarsky, was presented with a Business Plan written by Kendell R. Lang titled BioProperties Management Group, Inc., which was a plan to form a REIT dedicated to funding biotech properties. The initial business plan included founders Kendell Lang, Alan Gold, Gary Kreitzer, and Steven Stone as part of the initial management team. Jacobs approached Joel S. Marcus, a lawyer and CPA, with the idea of representing their interests in this company to oversee the management team who intended to provide laboratories and office space to biotech firms. Jacobs invested in the company with $5 million.

Its first purchase was of 4 buildings in San Diego which had been negotiated and structured by Kendell R. Lang.

In 1997, it became a public company via an initial public offering, raising $155 million.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorReal Estate industryReal Estate employees514 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$3.03B
2016-12-31 → 2025-12-31
EPS$-8.44
2016-12-31 → 2025-12-31
Net margin-36.1%
2018-12-31 → 2025-12-31
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend ARE 5Y avg Peer Median Verdict
P/E (TTM) -7.85Y avg ≈77.5 ≈77.5 · ·
P/S (TTM) 2.85Y avg ≈8.4 ≈8.4 5.9 Undervalued
P/B (MRQ) 0.55Y avg ≈1.2 ≈1.2 2.0 Undervalued
Price / Cash Flow 5.75Y avg ≈16.9 ≈16.9 14.3 Undervalued
Price / Tangible Book 0.55Y avg ≈1.2 ≈1.2 · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13
Annualized Payout≈$2.88Paid quarterly
5Y Div CAGR≈4.5%Per share, split-adjusted
Growth Streak≈15Consecutive years of dividend growth
Ex-dateAmountCurrencyYield
Sep 30, 2026$0.72USD≈6.1%
Jun 30, 2026$0.72USD≈6.6%
Mar 31, 2026$0.72USD≈8.8%
Dec 31, 2025$0.72USD≈9.6%
Sep 30, 2025$1.32USD≈6.3%
Jun 30, 2025$1.32USD≈7.2%
Mar 31, 2025$1.32USD≈5.7%
Dec 31, 2024$1.32USD≈5.3%
Sep 30, 2024$1.30USD≈4.3%
Jun 28, 2024$1.30USD≈4.3%
Mar 27, 2024$1.27USD≈3.9%
Dec 28, 2023$1.27USD≈3.8%
Sep 28, 2023$1.24USD≈4.9%
Jun 29, 2023$1.24USD≈4.3%
Mar 30, 2023$1.21USD≈3.9%
Dec 29, 2022$1.21USD≈3.3%
Sep 29, 2022$1.18USD≈3.4%
Jun 29, 2022$1.18USD≈3.2%
Mar 30, 2022$1.15USD≈2.2%
Dec 30, 2021$1.15USD≈2.0%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise -285.4%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 Aug 3, 2026 $-0.43 $0.87 -149.3%
March 31, 2026 $2.10 $0.13 1459.0%
Dec. 31, 2025 $-6.35 $0.28 -2332.0%
Sept. 30, 2025 $-1.38 $0.50 -374.4%
June 30, 2025 $-0.64 $0.61 -205.6%
March 31, 2025 $-0.07 $0.68 -110.3%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 10
Metric Trend 2025202420232022202120202019201820172016
Revenue $3.03B$3.12B$2.89B$2.59B$2.11B$1.89B$1.53B$1.33B$1.13B$922M
SG&A Expense $117M$168M$199M$177M$151M$133M$109M$90M$75M$64M
Operating Expenses $4.82B$2.69B$2.69B$2.13B$1.86B$1.64B$1.33B$1.11B$950M$975M
Interest Expense $227M$186M$74M$94M$142M$172M$174M$157M$129M$107M
Interest Income ·········$7M
Net Income $-1.43B$323M$104M$522M$571M$771M$363M$379M$169M$-66M
EPS (Basic) $-8.44$1.80$0.54$3.18$3.83$6.03$3.13$3.53$1.59$-1.99
EPS (Diluted) $-8.44$1.80$0.54$3.18$3.82$6.01$3.12$3.52$1.58$-1.99
Shares (Basic) 170,307,000172,071,000170,909,000161,659,000146,921,000126,106,000112,204,000103,010,00091,546,00076,103,000
Shares (Diluted) 170,307,000172,071,000170,909,000161,659,000147,460,000126,490,000112,524,000103,321,00092,063,00076,103,000
Balance Sheet 11
Metric Trend 2025202420232022202120202019201820172016
Cash & Equivalents $549M$552M$618M$825M$361M$569M$190M$234M$254M$125M
PP&E (Net) $70M$40M$27M$23M$26M$31M$23M$15M$11M$13M
Total Assets $34.08B$37.53B$36.77B$35.52B$30.22B$22.83B$18.39B$14.46B$12.10B$10.35B
Total Liabilities $14.93B$15.13B$14.15B$12.84B$11.19B$9.38B$8.22B$6.57B$5.62B$4.97B
Long-term Debt $12.40B$12.24B$11.32B$10.16B$8.79B$7.56B$6.78B$5.48B$4.76B$4.16B
Common Stock $2M$2M$2M$2M$2M$1M$1M$1M$998.0K$877.0K
Paid-in Capital $15.50B$17.93B$18.49B$18.99B$16.20B$11.73B$8.87B$7.29B$5.82B$4.67B
AOCI $-29M$-46M$-16M$-21M$-7M$-7M$-10M$-10M$50M$5M
Stockholders' Equity $15.47B$17.89B$18.47B$18.97B$16.19B$11.73B$8.87B$7.34B$5.95B$4.90B
Liabilities + Equity $34.08B$37.53B$36.77B$35.52B$30.22B$22.83B$18.39B$14.46B$12.10B$10.35B
Shares Outstanding 170,537,867172,203,443171,910,599170,748,395158,043,880136,690,329120,800,315111,011,81699,783,68687,665,880
Cash Flow 10
Metric Trend 2025202420232022202120202019201820172016
D&A $1.35B$1.20B$1.09B$1.00B$821M$698M$545M$478M$417M$313M
Stock-based Comp $41M$60M$83M$58M$49M$44M$44M$35M$26M$25M
Operating Cash Flow $1.41B$1.50B$1.63B$1.29B$1.01B$883M$684M$570M$451M$393M
Investing Cash Flow $362M$-1.51B$-2.50B$-5.08B$-7.11B$-3.28B$-3.64B$-2.16B$-1.74B$-1.50B
Stock Issued $0$27M$104M$2.35B$3.53B$2.32B$1.22B$1.29B$1.28B$1.43B
Stock Repurchased $208M$50M$0$0······
Net Stock Activity $-208M$-23M$104M$2.35B$3.50B$2.32B$1.22B$1.29B$1.28B$1.43B
Dividends Paid ·$899M$848M$758M$656M$533M$451M$386M$322M$263M
Financing Cash Flow $-1.78B$-93M$674M$4.23B$5.92B$2.75B$2.93B$1.59B$1.42B$1.09B
Net Change in Cash $-6M$-101M$-197M$443M$-182M$355M$-29M$-5M$136M$-13M
Profitability 3
Metric Trend 2025202420232022202120202019201820172016
Net Margin -47.2%10.4%3.6%20.2%27.0%40.9%23.7%28.6%··
ROA -4.0%0.87%0.29%1.6%2.1%3.7%2.2%2.9%1.5%-0.69%
ROE -8.6%1.8%0.55%3.0%4.1%7.5%4.5%5.7%3.1%-1.5%
Efficiency 1
Metric Trend 2025202420232022202120202019201820172016
Asset Turnover 0.10.10.10.10.10.10.10.1··
Per Share 6
Metric Trend 2025202420232022202120202019201820172016
Book Value / Share $90.71$103.88$107.45$111.11$102.44$85.78$73.39$66.14$59.63$55.85
Revenue / Share $17.77$18.11$16.88$16.02$14.34$14.91$13.61$12.85··
Cash Flow / Share $8.30$8.74$9.54$8.01$6.85$6.98$6.08$5.52$4.89·
Cash / Share $3.22$3.21$3.60$4.83$2.29$4.16$1.57$2.11$2.55$1.43
Dividend / Share $4.68$5.19$4.96$4.72$4.48$4.24$4.00$3.73$3.45$3.23
EPS (TTM) $-8.44$1.80$0.54$3.18$3.82$6.01$3.12$3.52$1.58$-1.99
Growth Rates 7
Metric Trend 2025202420232022202120202019201820172016
Revenue YoY -2.9%8.0%11.5%22.5%12.1%·····
Revenue CAGR 3Y 5.3%13.8%15.2%·······
Revenue CAGR 5Y 9.9%·········
EPS YoY ·233.3%-83.0%-16.8%-36.4%·····
EPS CAGR 3Y ·-22.2%-55.2%·······
Net Income YoY ·211.6%-80.1%-8.7%-25.9%·····
Net Income CAGR 3Y ·-17.3%-48.8%·······
Valuation (TTM) 11
Metric Trend 2025202420232022202120202019201820172016
Revenue TTM $3.03B$3.12B$2.89B$2.59B$2.11B$1.89B$1.53B$1.33B$1.13B$922M
Net Income TTM $-1.43B$323M$104M$522M$571M$771M$363M$379M$169M$-66M
Market Cap $8.35B$16.80B$21.79B$24.87B$35.24B$24.36B$19.52B$12.79B$13.03B$9.74B
P/E -5.854.2234.845.858.429.751.832.782.7-55.8
P/S 2.85.47.69.616.712.912.79.611.610.6
P/B 0.50.91.21.32.22.12.21.72.22.0
P / Tangible Book 0.50.91.21.32.22.1····
P / Cash Flow 5.911.213.419.234.927.628.522.428.924.8
Dividend Yield ·5.3%3.9%3.0%1.9%2.2%2.3%3.0%2.5%2.7%
Earnings Yield -17.2%1.8%0.43%2.2%1.7%3.4%1.9%3.0%1.2%-1.8%
Annual Payout ·$899M$848M$758M$656M$533M$451M$386M$322M$263M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $3.03B $3.12B $2.89B $2.59B $2.11B
Net Income $-1.43B $323M $104M $522M $571M
Diluted EPS $-8.44 $1.80 $0.54 $3.18 $3.82

Institutional owners (13F) 661 filers · $10.2B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 661
Value held $10.2B
New positions 112
Exited positions 69
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
112 (+13 vs prior Q) 69 (-33 vs prior Q) 232 (+21 vs prior Q) 196 (-9 vs prior Q) +26.7M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $1,263,664,616 25,820,691 12.42% Shares
BlackRock, Inc. $1,146,423,207 21,692,019 11.27% Shares
NORGES BANK $868,730,490 16,437,663 8.54% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $739,972,352 14,001,369 7.27% Shares
VANGUARD CAPITAL MANAGEMENT LLC $573,021,633 10,842,415 5.63% Shares
STATE STREET CORP $567,535,631 10,596,116 5.58% Shares
AQR CAPITAL MANAGEMENT LLC $404,198,856 7,648,039 3.97% Shares
Invesco Ltd. $374,193,973 7,080,302 3.68% Shares
APG Asset Management US Inc. $370,079,243 6,981,310 3.64% Shares
GEODE CAPITAL MANAGEMENT, LLC $243,652,935 4,617,801 2.40% Shares
MORGAN STANLEY $155,847,784 2,948,869 1.53% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $151,223,405 2,861,370 1.49% Shares
GOLDMAN SACHS GROUP INC $142,895,474 2,703,793 1.40% Shares
CENTERSQUARE INVESTMENT MANAGEMENT LLC $124,385,436 2,353,556 1.22% Shares
NORTHERN TRUST CORP $123,308,457 2,333,178 1.21% Shares
DIMENSIONAL FUND ADVISORS LP $109,350,296 2,068,746 1.07% Shares
JPMORGAN CHASE & CO $79,632,825 1,425,576 0.78% Shares
Bank of New York Mellon Corp $79,253,055 1,499,585 0.78% Shares
Legal & General Group Plc $76,646,661 1,450,268 0.75% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $73,816,758 1,396,722 0.73% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $70,528,325 1,334,500 0.69% Put option
BNP PARIBAS FINANCIAL MARKETS $68,010,868 1,286,866 0.67% Shares
TOWN LANE MANAGEMENT LP $66,062,500 1,250,000 0.65% Shares
HSBC HOLDINGS PLC $64,485,182 1,208,572 0.63% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $62,057,504 1,336,870 0.61% Shares
BANK OF AMERICA CORP /DE/ $61,516,126 1,163,976 0.60% Shares
CANADA PENSION PLAN INVESTMENT BOARD $56,968,918 1,077,936 0.56% Shares
UBS Group AG $51,291,370 970,508 0.50% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $48,267,905 913,300 0.47% Shares
VANGUARD FIDUCIARY TRUST CO $47,342,132 895,783 0.47% Shares
DEUTSCHE BANK AG\ $46,358,276 877,167 0.46% Shares
EARNEST PARTNERS LLC $45,847,058 867,494 0.45% Shares
STRS OHIO $45,416,912 859,355 0.45% Shares
MILLENNIUM MANAGEMENT LLC $35,606,789 673,733 0.35% Shares
JACOBS LEVY EQUITY MANAGEMENT, INC $34,922,064 660,777 0.34% Shares
BANK OF MONTREAL /CAN/ $29,004,291 548,804 0.29% Shares
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ $28,822,593 545,366 0.28% Shares
CITIGROUP INC $28,746,383 543,924 0.28% Shares
Balyasny Asset Management L.P. $28,343,138 536,294 0.28% Shares
Quantinno Capital Management LP $28,206,610 533,710 0.28% Shares
Sumitomo Mitsui Trust Group, Inc. $26,496,348 501,350 0.26% Shares
MACKENZIE FINANCIAL CORP $24,854,457 470,283 0.24% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $24,480,120 463,200 0.24% Call option
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND $24,464,582 462,906 0.24% Shares
Amundi $24,139,095 456,633 0.24% Shares
PRUDENTIAL FINANCIAL INC $23,800,100 450,333 0.23% Shares
Russell Investments Group, Ltd. $23,729,470 448,996 0.23% Shares
FMR LLC $23,617,236 446,873 0.23% Shares
AMERICAN CENTURY COMPANIES INC $23,342,577 441,676 0.23% Shares
DUFF & PHELPS INVESTMENT MANAGEMENT CO $22,498,510 425,705 0.22% Shares

Show all 661 institutional owners →

Activists & 5%+ owners 2 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Alexandria Real Estate Equities, Inc., Alexandria Venture Investments, LLC ×4 filings April 1, 2024 · Initial filing M&A / sale SEC
Alexandria Real Estate Equities Inc., Alexandria Equities, LLC May 27, 2016 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 48 insiders · 30 officers · 15 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Peter M Moglia Chief Executive Officer Sept. 30, 2026 F 370,886 0 0 $0
Stephen Richardson Co-Chief Executive Officer July 31, 2022 F 173,945 0 0 $0
Marc E Binda CFO & Treasurer June 9, 2026 S 188,264 0 1 $-108,000
Dean A Shigenaga Former President and CFO Sept. 15, 2023 F 172,479 0 0 $0
John Hart Cole Co-President, & Co-RMD Sept. 15, 2026 F 106,731 0 0 $0
Hunter Kass Co-President and RMD Jan. 23, 2026 F 236,887 0 0 $0
Daniel J Ryan Co-President and RMD Dec. 15, 2025 F 217,609 0 0 $0
Thomas J Andrews Co-President Aug. 7, 2020 S 114,994 0 0 $0
Joseph Hakman Co-Chief Operating Officer March 31, 2026 A 99,160 0 0 $0
Lawrence J Diamond Co-Chief Operating Officer Jan. 23, 2026 F 159,890 0 0 $0
Jennifer Banks Co-Chief Operating Officer April 30, 2020 S 60,571 0 0 $0
Gregory Calvin Thomas EVP - CTO Sept. 15, 2026 F 31,928 1 0 $143,500
Jesse J. Nelson EVP - RMD Sept. 15, 2026 F 95,033 0 0 $0
Bret E. Gossett EVP - Co-RMD Sept. 15, 2026 F 52,370 0 1 $-251,792
Hallie E. Kuhn EVP - Cap Market & Co-Lead -LS Sept. 15, 2026 F 47,387 0 1 $-25,835
Jenna R. Foger EVP - Co-Lead - Life Science Sept. 15, 2026 F 67,272 0 0 $0
Blake L. Stevens Regional Market Director Sept. 15, 2026 F 29,064 0 0 $0
Michael E. Boss Co-Regional Market Director Sept. 15, 2026 F 51,345 0 0 $0
Kristina Fukuzaki-Carlson EVP - Business Operations Sept. 11, 2026 S 39,152 0 1 $-849,073
Joel S Marcus Executive Chairman Sept. 11, 2026 P 597,724 10 0 $2,905,862
Andres Gavinet Chief Accounting Officer Aug. 31, 2026 S 102,516 0 1 $-509,300
Joshua J. Mitchell Regional Market Director March 31, 2026 A 25,049 0 0 $0
Orraparn C. Lee EVP - Accounting March 31, 2026 A 68,768 0 0 $0
Madeleine Thorp Alsbrook EVP - Talent Management March 31, 2026 A 38,781 0 1 $-160,879
Jackie B. Clem General Counsel & Secretary March 31, 2026 A 73,044 0 0 $0
Gary D. Dean EVP, Real Estate Legal Affairs March 31, 2026 A 68,314 0 0 $0
Vincent Ciruzzi Chief Development Officer Dec. 31, 2024 F 72,820 0 0 $0
John H Cunningham EVP - Regional Market Director Dec. 15, 2023 A 79,283 0 0 $0
Terezia C Nemeth EVP - Regional Market Director Dec. 15, 2022 F 28,793 0 0 $0
Peter Nelson Corporate Secretary April 1, 2005 A 109,974 0 0 $0
Michael A Woronoff Director Sept. 30, 2026 A 29,401 0 0 $0
Sheila K. Mcgrath Director July 15, 2026 A 12,205 1 0 $141,360
James P Cain Director July 15, 2026 A 13,427 0 0 $0
Steve Hash Director July 15, 2026 A 30,997 0 0 $0
Richard Hunter Klein Director July 15, 2026 A 21,866 0 0 $0
Claire Aldridge Director Jan. 15, 2026 A 4,493 0 0 $0
Maria C Freire Director Jan. 15, 2026 A 10,946 0 0 $0
Cynthia L Feldmann Director Jan. 15, 2025 A 5,742 0 0 $0
Jennifer Friel Goldstein Director Jan. 13, 2023 A 3,784 0 0 $0
James H Richardson Director March 15, 2021 G 44,000 0 0 $0
John L Atkins III Director Jan. 15, 2021 A 21,554 0 0 $0
Martin A Simonetti Director Dec. 31, 2012 A 9,779 0 0 $0
Alan G Walton Director Dec. 30, 2011 A 8,708 0 0 $0
Anthony Solomon Director Jan. 2, 2004 A 16,863 0 0 $0
Richard B Jennings · Jan. 15, 2016 A 30,279 0 0 $0
Richmond A Wolf · Jan. 1, 2007 A 6,100 0 0 $0
Jerry Sudarsky · Aug. 16, 2006 G 91,760 0 0 $0
Nancy Kelley · Jan. 31, 2005 A 10,000 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 95 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
RSPR · Invesco Exchange-Traded Fund Trust 3.36% 57,767 Oct. 2, 2026 Daily
SRHR · Elevation Series Trust 3.31% 35,000 NS July 31, 2026 N-PORT
KBWY · Invesco Exchange-Traded Fund Trust … 2.96% 183,429 Oct. 2, 2026 Daily
CVAR · ETF Opportunities Trust 2.12% 17,686 NS July 31, 2026 N-PORT
REZ · iShares Trust 1.81% 300,834 SH Sept. 11, 2026 Daily
SPDV · ETF Series Solutions 1.57% 40,277 NS July 31, 2026 N-PORT
BLDG · Cambria ETF Trust 1.26% 16,499 NS July 31, 2026 N-PORT
RPV · Invesco Exchange-Traded Fund Trust 1.00% 349,794 Oct. 2, 2026 Daily
EPSV · Harbor ETF Trust 0.92% 1,087 NS July 31, 2026 N-PORT
EPMV · Harbor ETF Trust 0.86% 783 NS July 31, 2026 N-PORT
USRT · iShares Trust 0.74% 657,282 SH Sept. 11, 2026 Daily
IYR · iShares Trust 0.59% 483,649 SH Sept. 11, 2026 Daily
DRN · Direxion Shares ETF Trust 0.58% 5,034 NS July 31, 2026 N-PORT
QLC · FlexShares Trust 0.55% 107,520 NS July 31, 2026 N-PORT
FREL · FIDELITY COVINGTON TRUST 0.52% 150,088 NS July 31, 2026 N-PORT
PALC · Pacer Funds Trust 0.48% 19,760 NS July 31, 2026 N-PORT
REET · iShares Trust 0.48% 467,590 SH Sept. 11, 2026 Daily
VNQ · VANGUARD SPECIALIZED FUNDS 0.44% 5,931,207 SH Aug. 19, 2026 Daily
ERET · iShares Trust 0.43% 1,156 SH Sept. 11, 2026 Daily
VRP · Invesco Exchange-Traded Fund Trust … 0.34% 10,420,000 Oct. 2, 2026 Daily
GSY · Invesco Actively Managed Exchange-T… 0.32% 12,500,000 Oct. 2, 2026 Daily
IQSM · New York Life Investments ETF Trust 0.32% 20,428 NS July 31, 2026 N-PORT
DFGR · Dimensional ETF Trust 0.30% 226,231 NS July 31, 2026 N-PORT
DFAR · Dimensional ETF Trust 0.29% 101,475 NS July 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.20% 2,537,937 SH Aug. 19, 2026 Daily
RSP · Invesco Exchange-Traded Fund Trust 0.19% 3,880,885 Oct. 2, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.19% 24,050 NS July 31, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.17% 65,243 NS July 31, 2026 N-PORT
EQAL · Invesco Exchange-Traded Fund Trust … 0.15% 24,755 Oct. 2, 2026 Daily
PWS · Pacer Funds Trust 0.13% 631 NS July 31, 2026 N-PORT
PFIG · Invesco Exchange-Traded Fund Trust … 0.12% 175,000 Oct. 2, 2026 Daily
PDN · Invesco Exchange-Traded Fund Trust … 0.12% 10,352 SH Oct. 2, 2026 Daily
SMMD · iShares Trust 0.12% 91,820 SH Sept. 11, 2026 Daily
VB · VANGUARD INDEX FUNDS 0.11% 3,997,668 SH Aug. 19, 2026 Daily
ESML · iShares Trust 0.11% 59,559 SH Sept. 11, 2026 Daily
WSML · iShares Trust 0.09% 14,018 SH Sept. 11, 2026 Daily
REVS · Columbia ETF Trust I 0.08% 5,509 NS July 31, 2026 N-PORT
IWS · iShares Trust 0.08% 257,327 SH Sept. 11, 2026 Daily
FNX · First Trust Exchange-Traded AlphaDE… 0.07% 19,489 NS July 31, 2026 N-PORT
IWR · iShares Trust 0.06% 702,771 SH Sept. 11, 2026 Daily
VSS · VANGUARD INTERNATIONAL EQUITY INDEX… 0.06% 254,924 SH Aug. 19, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.06% 117,489 Oct. 2, 2026 Daily
DIVB · iShares Trust 0.05% 21,146 SH Sept. 11, 2026 Daily
XOEF · iShares Trust 0.04% 196 SH Sept. 11, 2026 Daily
RECS · Columbia ETF Trust I 0.04% 49,111 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.03% 36,169 SH Aug. 19, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.03% 103,611 SH Aug. 19, 2026 Daily
IVE · iShares Trust 0.03% 260,940 SH Sept. 11, 2026 Daily
IUSV · iShares Trust 0.03% 139,555 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.02% 380,975 SH Sept. 11, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.02% 38,785 SH Aug. 19, 2026 Daily
TILT · FlexShares Trust 0.02% 7,584 NS July 31, 2026 N-PORT
IGRO · iShares Trust 0.02% 6,040 SH Sept. 11, 2026 Daily
TOPC · iShares Trust 0.01% 95 SH Sept. 11, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.01% 28,864 Oct. 2, 2026 Daily
XVV · iShares Trust 0.01% 1,794 SH Sept. 11, 2026 Daily
PTLC · Pacer Funds Trust 0.01% 7,884 NS July 31, 2026 N-PORT
IWB · iShares Trust 0.01% 118,974 SH Sept. 11, 2026 Daily
IVV · iShares Trust 0.01% 1,970,181 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.01% 46,670 SH Sept. 11, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.01% 931 Oct. 2, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.01% 592 NS July 31, 2026 N-PORT
QDPL · Pacer Funds Trust 0.01% 3,779 NS July 31, 2026 N-PORT
IYY · iShares Trust 0.01% 6,719 SH Sept. 11, 2026 Daily
VOXP · Advisors Series Trust 0.01% 12 NS July 31, 2026 N-PORT
QVML · Invesco Exchange-Traded Fund Trust … 0.01% 3,708 Oct. 2, 2026 Daily
ITOT · iShares Trust 0.01% 200,795 SH Sept. 11, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.01% 4,072,531 SH Aug. 19, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.01% 5,532,724 SH Aug. 19, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.01% 202,500 SH Aug. 19, 2026 Daily
VEA · VANGUARD TAX-MANAGED FUNDS 0.01% 661,035 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.01% 28,447 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.01% 14,481 SH Aug. 19, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.01% 1,090 NS July 31, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.01% 12,263 NS July 31, 2026 N-PORT
PHDG · Invesco Actively Managed Exchange-T… 0.01% 119 Oct. 2, 2026 Daily
IDEV · iShares Trust 0.01% 88,545 SH Sept. 11, 2026 Daily
ACVF · ETF Opportunities Trust 0.01% 230 NS July 31, 2026 N-PORT
IXUS · iShares Trust 0.01% 112,891 SH Sept. 11, 2026 Daily
VXUS · VANGUARD STAR FUNDS 0.00% 984,885 SH Aug. 19, 2026 Daily
BIV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BLV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BSV · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
BND · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VUSB · VANGUARD BOND INDEX FUNDS · · July 15, 2026 Daily
VCRB · VANGUARD MALVERN FUNDS · · July 15, 2026 Daily
VCSH · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCIT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VCLT · VANGUARD SCOTTSDALE FUNDS · · July 15, 2026 Daily
VTC · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
BNDW · VANGUARD SCOTTSDALE FUNDS · · July 30, 2026 Daily
VCEB · VANGUARD WORLD FUND · · July 30, 2026 Daily
ISCB · iShares Trust · 6,692 SH Sept. 11, 2026 Daily
ISCV · iShares Trust · 32,931 SH Sept. 11, 2026 Daily
SMLF · iShares Trust · 72,980 SH Sept. 11, 2026 Daily

ARE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 25 analysts HOLD
Median target $52.50 +10.8%
0 0.0% Strong Buy
3 12.0% Buy
14 56.0% Hold
7 28.0% Sell
1 4.0% Strong Sell

12-Month Price Target

14 analysts · 2026-10-04

Mean target $52.57 +11.0%

Now Current price $47.37
Low$40.00 Mean$52.57 High$60.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
ARE $8.35B -5.8 -2.9% -47.2% -8.6% ·
DOC $11.18B 160.8 4.5% 2.5% 0.90% ·
OHI $13.10B 22.9 13.2% 49.6% 12.2% ·
AHR $8.75B 112.0 9.2% 3.1% 2.5% ·
JAN · · · · · ·
CTRE $8.05B 23.0 60.8% 67.3% 9.2% ·
HR $5.96B -23.9 -6.9% -20.8% -5.0% ·
SBRA $4.77B 29.6 10.2% 20.1% 5.6% ·
NHI $3.69B 25.3 12.1% 37.9% 9.8% ·
LTC $1.67B 13.6 25.3% 44.9% 11.6% ·
MPT $2.99B -10.9 -2.4% -28.5% -5.9% ·

Latest News Recent headlines mentioning this company

23
Wednesday 5/6 Insider Buying Report: ARE, OPCH Nasdaq · 4 months, 3 weeks ago Alexandria Real Estate Equities Swings To Q1 Profit, FFO Rises Nasdaq · 5 months ago

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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Source: SEC 10-Q filed Aug 3, 2026