# Alexandria Real Estate Equities, Inc. (ARE) — Stock CV

Alexandria Real Estate Equities, Inc. is a $7.83B real estate company. Revenue shrank 8.4% over the last year, and it currently loses money.

> Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants.

## Identity

- **Ticker**: ARE
- **Sector**: Real Estate
- **Industry**: Real Estate Investment Trusts
- **Headquarters**: PASADENA, CA
- **Employees**: 514
- **Website**: https://www.are.com
- **Market cap**: $7.83B
- **Last price**: $45.51
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $2.84B
- **Net income**: -$1.02B
- **Free cash flow**: $1.28B
- **P/E**: 33.1
- **Revenue growth (YoY)**: -8.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 24 |
| Profitability | 0 |
| Health | 3 |
| Quality | 47 |
| Moat | 0 |

## Qualifications (beginner checklist) — 5 of 11 passed

- [ ] Revenue growing — -8.4% YoY
- [ ] Profitable — -$1.02B TTM
- [ ] Profit growing — -542.7% YoY
- [x] Generates cash — $1.28B TTM
- [ ] Debt under control — current ratio 0.42
- [x] Established company — $7.83B market cap
- [ ] Not printing shares — +32.0% shares over ~5y
- [x] Proven track record — 8/10 profitable years
- [ ] Financially stable — Altman Z 0.0 — distress
- [x] Pays a dividend — yield 8.85%
- [x] Valuation not extreme — P/E 33.1

## Experience (career milestones)

- **Q3 2026** — 2 open-market insider purchases: ~10K shares bought by insiders
- **FY2020** — Best year on record: $771M net income
- **FY2018** — Revenue crossed $1B: $1.33B for the year
- **FY2017** — Turned profitable: $169M net income after a loss year
- **FY2016** — Positive free cash flow every year since: 10-year streak

## Strengths

- High gross margin (68.6%)
- Strong cash conversion — FCF is 45.0% of revenue

## Watch-outs

- Revenue shrinking 8.4% year over year
- Not profitable — 36.1% net margin
- Altman Z-Score 0.03 — elevated financial-distress risk
- Thin interest coverage (-4.8×)
- Loss-making in 2 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $2.10B | $571M | $1.01B |
| FY2022 | $2.59B | $522M | $1.29B |
| FY2023 | $2.89B | $104M | $1.63B |
| FY2024 | $3.12B | $323M | $1.50B |
| FY2025 | $3.03B | -$1.43B | $1.41B |

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Source: https://stockcv.com/ARE — derived from company filings; may be delayed or incomplete. Information, not investment advice.