ARE
Alexandria Real Estate Equities, Inc.
NYSEUSDEQUITY
Real Estate
DELAYED
Sell
-44/100
Last price
45.92
▲ 0.04 (0.09%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
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Range —
Vol —
vs
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Open
45.96
Prev close
45.88
Day high
47.12
Day low
45.79
Volume
1.74M
Market cap
$7.90B
P/E (TTM)
—
52W range
39.41 – 78.75
Day trading desk
Gap from prior close
+0.17%
Prior close 45.88
VWAP
46.08
-0.34% from price
Relative volume
2.01×
Unusually busy
Session range
2.89%
45.79 – 47.12
Position in range
10%
Near session low
ATR (14D)
1.86
4.06% of price
Prior day high
48.03
PDH
Prior day low
45.58
PDL
Bid / ask spread
—
Quote not published
Session volume
3.83M
Avg 1.90M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-5.26%
-7.2%
1M
-12.78%
-13.9%
3M
-4.41%
-8.9%
6M
+4.06%
-14.1%
YTD
-6.17%
-20.4%
1Y
-45.20%
-61.6%
3Y
-54.13%
-136.4%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on ARE open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+12.23K
Net buying
Buy transactions
17
41.58K shares
Sell transactions
4
29.35K shares
Net transactions
+21
Buys less sells
Sell : buy shares
0.7 : 1
Mixed
Insider-held shares
2.40M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 11, 26 | FUKUZAKI-CARLSON KRISTINA Officer |
SELL | 16.81K | $849.07K | Direct |
| Sep 11, 26 | MARCUS JOEL S Officer and Director |
BUY | 5.00K | $248.40K | Direct |
| Aug 31, 26 | GAVINET ANDRES Officer |
SELL | 10.00K | $509.30K | Direct |
| Aug 17, 26 | MARCUS JOEL S Officer and Director |
BUY | 5.00K | $231.40K | Direct |
| Jul 15, 26 | MCGRATH SHEILA K. Director |
STOCK | 128 | $0 | Direct |
| Jul 15, 26 | KLEIN RICHARD HUNTER Director |
STOCK | 111 | $0 | Direct |
| Jul 15, 26 | WORONOFF MICHAEL A Director |
STOCK | 415 | $0 | Direct |
| Jul 15, 26 | HASH STEVE Director |
STOCK | 340 | $0 | Direct |
| Jul 15, 26 | CAIN JAMES P Director |
STOCK | 144 | $0 | Direct |
| Jun 30, 26 | WORONOFF MICHAEL A Director |
STOCK | 804 | $0 | Direct |
| Jun 9, 26 | BINDA MARC E. Chief Financial Officer |
SELL | 2.00K | $108.00K | Direct |
| May 6, 26 | MARCUS JOEL S Officer and Director |
BUY | 7.50K | $347.56K | Direct |
| May 5, 26 | MARCUS JOEL S Officer and Director |
BUY | 7.50K | $320.42K | Direct |
| May 4, 26 | MARCUS JOEL S Officer and Director |
BUY | 10.00K | $410.20K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BINDA MARC E. |
Chief Financial Officer | 188.26K | Sale |
COLE JOHN HART |
Officer | 112.16K | Stock Award(Grant) |
DIAMOND LAWRENCE J. |
Chief Operating Officer | 163.50K | Stock Award(Grant) |
GAVINET ANDRES |
Officer | 102.52K | Sale |
HAKMAN JOSEPH |
Chief Operating Officer | 99.16K | Stock Award(Grant) |
KASS HUNTER |
President | 248.81K | Stock Award(Grant) |
MARCUS JOEL S |
Officer and Director | 597.72K | Purchase |
MOGLIA PETER M |
Chief Executive Officer | 416.88K | Stock Award(Grant) |
NELSON JESSE J |
Officer | 98.64K | Stock Award(Grant) |
RYAN DANIEL J |
President | 237.89K | Stock Award(Grant) |
Fundamentals
Market cap$7.90B
Enterprise value$24.32B
Revenue (TTM)$2.84B
Gross profit$1.94B
EBITDA$1.78B
Net income$-1.03B
EPS (TTM)$-6.06
Free cash flow$1.34B
Total cash$470.45M
Total debt$13.17B
Book value / share$91.10
Shares outstanding172.10M
Float154.76M
Short % of float5.46%
Dividend yield6.28%
Beta (5Y)1.18
Valuation & profitability ratios
Trailing P/E—
Forward P/E-56.69
PEG ratio3.24
Price / sales—
Price / book0.50
EV / revenue8.56
EV / EBITDA13.65
Gross margin68.20%
Operating margin17.28%
Profit margin-36.08%
Return on equity-4.08%
Return on assets0.93%
Debt / equity68.67
Current ratio2.35
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.95B | $3.05B | $2.84B | $2.58B | -3.4% |
| Operating revenue | $2.95B | $3.05B | $2.84B | $2.58B | -3.4% |
| Cost of revenue | $922.61M | $909.26M | $859.18M | $783.15M | +1.5% |
| Gross profit | $2.02B | $2.14B | $1.98B | $1.79B | -5.5% |
| Selling, general & admin | $117.05M | $168.36M | $199.35M | $177.28M | -30.5% |
| Total operating expense | $1.47B | $1.37B | $1.29B | $1.18B | +7.1% |
| Operating income | $555.04M | $769.70M | $690.45M | $613.46M | -27.9% |
| Net interest income | -$226.70M | -$185.84M | -$74.20M | -$94.20M | -22.0% |
| Pre-tax income | -$1.22B | $510.73M | $280.99M | $670.70M | -338.2% |
| Net income | -$1.43B | $322.95M | $103.64M | $521.66M | -542.7% |
| Net income to common | -$1.44B | $309.56M | $92.44M | $513.27M | -564.5% |
| Basic EPS | -8.44 | 1.80 | 0.54 | 3.18 | -568.9% |
| Diluted EPS | -8.44 | 1.80 | 0.54 | 3.18 | -568.9% |
| EBIT | -$990.03M | $696.57M | $355.20M | $764.90M | -242.1% |
| EBITDA | $360.45M | $1.90B | $1.45B | $1.77B | -81.0% |
| Basic shares | 170.31M | 172.07M | 170.91M | 161.66M | -1.0% |
| Diluted shares | 170.31M | 172.07M | 170.91M | 161.66M | -1.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $549.06M | $552.15M | $618.19M | $825.19M | — | -0.6% |
| Cash & short-term investments | $549.06M | $552.15M | $618.19M | $825.19M | — | -0.6% |
| Accounts receivable | $6.67M | $6.41M | $8.21M | $7.61M | — | +4.1% |
| Total current assets | $939.78M | $783.64M | $781.75M | $973.91M | — | +19.9% |
| Property, plant & equipment | $1.10B | $1.25B | $1.15B | $1.35B | — | -11.8% |
| Total assets | $34.08B | $37.53B | $36.77B | $35.52B | — | -9.2% |
| Total current liabilities | $2.18B | $1.96B | $2.00B | $1.67B | — | +11.5% |
| Current debt | $353.16M | — | $99.95M | — | $269.99M | — |
| Long-term debt | $12.05B | $12.24B | $11.22B | $10.16B | — | -1.6% |
| Total debt | $12.76B | $12.75B | $11.70B | $10.57B | — | +0.1% |
| Total liabilities | $14.93B | $15.13B | $14.15B | $12.84B | — | -1.3% |
| Shareholder equity | $15.47B | $17.89B | $18.47B | $18.97B | — | -13.5% |
| Working capital | -$1.24B | -$1.17B | -$1.22B | -$699.02M | — | -5.8% |
| Net tangible assets | $15.47B | $17.89B | $18.47B | $18.97B | — | -13.5% |
| Shares issued | 172.69M | 172.20M | 171.91M | 170.75M | — | +0.3% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$1.22B | $510.73M | $280.99M | $670.70M | -338.2% |
| Depreciation & amortisation | $1.31B | $1.12B | $1.00B | $927.80M | +17.6% |
| Stock-based compensation | $41.12M | $59.63M | $82.86M | $57.74M | -31.0% |
| Change in working capital | -$297.85M | -$200.46M | $2.03M | -$122.70M | -48.6% |
| Operating cash flow | $1.41B | $1.50B | $1.63B | $1.29B | -6.0% |
| Investing cash flow | $362.10M | -$1.51B | -$2.50B | -$5.08B | +124.0% |
| Share buybacks | -$208.19M | -$50.11M | $0 | $0 | -315.5% |
| Dividends paid | -$911.45M | -$898.56M | -$847.48M | -$757.74M | -1.4% |
| Financing cash flow | -$1.78B | -$93.31M | $674.16M | $4.23B | -1,811.6% |
| Free cash flow | $1.41B | $1.50B | $1.63B | $1.29B | -6.0% |
| End cash position | $553.75M | $559.85M | $660.77M | $857.98M | -1.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $643.21M | $653.01M | $728.87M | $735.85M | $737.28M | -1.5% |
| Operating revenue | $643.21M | $653.01M | $728.87M | $735.85M | $737.28M | -1.5% |
| Cost of revenue | $207.34M | $224.14M | $232.54M | $239.23M | $224.43M | -7.5% |
| Gross profit | $435.87M | $428.87M | $496.33M | $496.62M | $512.85M | +1.6% |
| Selling, general & admin | $36.86M | $34.69M | $28.02M | $29.22M | $29.13M | +6.3% |
| Total operating expense | $341.25M | $340.13M | $350.08M | $369.45M | $375.25M | +0.3% |
| Operating income | $94.63M | $88.75M | $146.25M | $127.16M | $137.59M | +6.6% |
| Net interest income | -$64.34M | -$64.58M | -$65.67M | -$54.85M | -$55.30M | +0.4% |
| Pre-tax income | -$38.97M | $398.38M | -$995.35M | -$197.84M | -$62.19M | -109.8% |
| Net income | -$72.78M | $361.65M | -$1.08B | -$232.75M | -$107.00M | -120.1% |
| Net income to common | -$73.69M | $358.87M | -$1.08B | -$234.94M | -$109.61M | -120.5% |
| Basic EPS | -0.43 | 2.10 | -6.35 | -1.38 | -0.64 | -120.5% |
| Diluted EPS | -0.43 | 2.10 | -6.35 | -1.38 | -0.64 | -120.5% |
| EBIT | $25.37M | $462.96M | -$929.68M | -$142.99M | -$6.89M | -94.5% |
| EBITDA | $329.76M | $768.40M | -$607.62M | $197.24M | $339.23M | -57.1% |
| Basic shares | 170.72M | 170.60M | 170.39M | 170.18M | 170.13M | +0.1% |
| Diluted shares | 170.72M | 170.87M | 170.39M | 170.18M | 170.13M | -0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $470.45M | $418.72M | $549.06M | $579.47M | $520.54M | +12.4% |
| Cash & short-term investments | $470.45M | $418.72M | $549.06M | $579.47M | $520.54M | +12.4% |
| Accounts receivable | $7.66M | $7.36M | $6.67M | $6.41M | $6.27M | +4.1% |
| Total current assets | $867.72M | $843.11M | $939.78M | $945.23M | $868.13M | +2.9% |
| Property, plant & equipment | $1.07B | $1.09B | $1.10B | $1.14B | $1.16B | -1.8% |
| Total assets | $34.63B | $34.17B | $34.08B | $37.38B | $37.62B | +1.4% |
| Total current liabilities | $3.97B | $2.95B | $2.18B | $3.48B | $2.95B | +34.4% |
| Current debt | $1.99B | $1.35B | $353.16M | $1.55B | $1.10B | +47.3% |
| Long-term debt | $10.82B | $11.17B | $12.05B | $12.04B | $12.20B | -3.1% |
| Total debt | $13.17B | $12.88B | $12.76B | $13.96B | $13.66B | +2.2% |
| Total liabilities | $15.46B | $14.80B | $14.93B | $16.26B | $15.88B | +4.4% |
| Shareholder equity | $15.55B | $15.73B | $15.47B | $16.64B | $17.18B | -1.1% |
| Working capital | -$3.10B | -$2.11B | -$1.24B | -$2.53B | -$2.09B | -46.9% |
| Net tangible assets | $15.55B | $15.73B | $15.47B | $16.64B | $17.18B | -1.1% |
| Shares issued | 170.73M | 172.86M | 172.69M | 172.49M | 172.30M | -1.2% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$38.97M | $398.38M | -$995.35M | -$197.84M | -$62.19M | -109.8% |
| Depreciation & amortisation | $296.00M | $299.83M | $316.17M | $333.77M | $335.93M | -1.3% |
| Stock-based compensation | $10.15M | $11.03M | $8.23M | $10.29M | $12.53M | -8.0% |
| Change in working capital | -$23.28M | -$143.52M | -$109.28M | $14.54M | $17.19M | +83.8% |
| Operating cash flow | $336.97M | $196.62M | $312.38M | $433.48M | $460.24M | +71.4% |
| Investing cash flow | -$409.74M | -$584.81M | $1.80B | -$407.88M | -$374.87M | +29.9% |
| Share buybacks | $0 | $0 | $0 | $0 | $0 | — |
| Dividends paid | -$123.84M | -$123.75M | -$227.03M | -$227.20M | -$227.23M | -0.1% |
| Financing cash flow | $124.96M | $258.00M | -$2.14B | $30.75M | -$40.68M | -51.6% |
| Free cash flow | $336.97M | $196.62M | $312.38M | $433.48M | $460.24M | +71.4% |
| End cash position | $475.14M | $423.38M | $553.75M | $584.18M | $527.95M | +12.2% |
Options analytics
Put / call volume
0.42
Call-heavy session
Put / call open interest
0.93
Positioning, not flow
Max pain
55.00
+19.8% from spot
ATM implied vol
51.6%
Nearest strike to spot
Skew (10% OTM)
+3.8%
Puts bid over calls
Call volume
444
Contracts, this expiry
Put volume
187
Contracts, this expiry
Heaviest call OI
55.00
2.01K contracts
Heaviest put OI
60.00
2.38K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.12 | 0.15 | +26.2% |
| Mar 2026 | 0.14 | 2.10 | +1,360.0% |
| Dec 2025 | 0.30 | -6.35 | -2,200.8% |
| Sep 2025 | 0.39 | 0.50 | +28.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.00 | 1 | $649.84M | -13.6% |
| Next quarter | -0.10 | 1 | $647.70M | -14.1% |
| Current year | 1.46 | 6 | $2.63B | -13.2% |
| Next year | -0.81 | 1 | $2.48B | -5.4% |
Analyst targets & ownership
Mean target$52.57
High target$60.00
Low target$40.00
Implied upside14.48%
Analyst count14
ConsensusHOLD
Strong buy / Buy0 / 2
Hold11
Sell / Strong sell1 / 2
Held by insiders1.38%
Held by institutions100.24%
Institutions holding866
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
48.31
-4.94% from price
SMA 20
50.47
-9.01% from price
SMA 50
50.75
-9.52% from price
SMA 100
50.54
-9.13% from price
SMA 200
50.28
-8.68% from price
EMA 12
48.53
-5.37% from price
EMA 26
49.88
-7.93% from price
EMA 50
50.34
-8.78% from price
RSI (14)
33.4
Neutral
MACD (12,26,9)
-1.35
Hist -0.71
ATR (14)
1.86
4.06% of price
Realised vol 30D
34.5%
Annualised
Bollinger upper
56.17
20, 2σ
Bollinger lower
44.76
20, 2σ
50 / 200 cross
Golden
50.75 vs 50.28
Trend bias
Below 200
-8.68%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.71
Less volatile than market
Correlation to SPY
0.19
Largely independent
Realised vol 30D
34.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-49.5%
Peak to trough
Max drawdown 5Y
-81.9%
Peak to trough
ATR 14
1.86
4.06% of price
Beta (reported)
1.18
5Y monthly, from filing
Short interest
Shares short
6.76M
Prior 6.81M
Change vs prior
-0.7%
Shorts covering
% of float
5.46%
Normal
% of shares out
3.93%
Against total outstanding
Days to cover
3.5
Liquid
Float
154.76M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 24, 26 | JP Morgan | DOWNGRADE | Neutral | Underweight |
| Sep 21, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Aug 24, 26 | Baird | MAINTAINED | Neutral | Neutral |
| Aug 17, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Aug 17, 26 | Citizens | MAINTAINED | Market Perform | Market Perform |
| Aug 10, 26 | Citigroup | MAINTAINED | Neutral | Neutral |
| Aug 5, 26 | BNP Paribas | MAINTAINED | Underperform | Underperform |
| Aug 5, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Aug 5, 26 | Cantor Fitzgerald | MAINTAINED | Neutral | Neutral |
| Jul 6, 26 | Mizuho | MAINTAINED | Outperform | Outperform |
| Jul 1, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Jun 12, 26 | BMO Capital | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$2.88 / yr
Forward yield6.28%
5-year avg yield4.14%
Payout ratio689.47%
Ex-dividend dateSep 30, 2026
Next pay dateOct 15, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-24
Corporate Changes & Voting Matters
8-K · 2026-08-21
Corporate Changes & Voting Matters
8-K · 2026-08-14
Corporate Changes & Voting Matters
8-K · 2026-08-03
Corporate Changes & Voting Matters
8-K · 2026-07-09
Corporate Changes & Voting Matters
8-K · 2026-05-14
Proxy Statements
DEFA14A · 2026-05-07
Periodic Financial Reports
10-Q · 2026-04-27
Headlines
Earnings Preview: What To Expect From Alexandria Real Estate's Report
Barchart · 15h ago
Alexandria Real Estate Equities (ARE) Is Down 5.1% After Refinancing With New US$5 Billion Credit Facility
Simply Wall St. · 4d ago
Alexandria Real Estate Equities (ARE) Stock Looks Hard To Call On Cash Flow
Simply Wall St. · 4d ago
BNP Paribas Adjusts PT on Alexandria Real Estate Equities to $40 From $48, Keeps Underperform Rating
MT Newswires · 8d ago
Alexandria Real Estate Equities Closes Amended $5 Billion Credit Line
MT Newswires · 8d ago
Alexandria Real Estate Equities, Inc. Announces Closing of Amended and Restated $5.0 Billion Unsecured Senior Line of Credit
PR Newswire · 8d ago
BMO Capital Adjusts PT on Alexandria Real Estate Equities to $48 From $52, Keeps Market Perform Rating
MT Newswires · 9d ago
Alexandria Real Estate Equities Shares Fall After JPMorgan Downgrade
MT Newswires · 12d ago
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