Reading ARE? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track ARE free→Reading ARE? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track ARE free→NYSEReal EstateReit - OfficeSnapshot 2026-06-16
Recent financial performance is weak, and management's recent track record has been unsteady, with frequent disruptive corporate changes. The company was unprofitable over the past year, so its earnings quality can't be assessed. Peer multiples imply a price about 53% above where it trades (it looks cheap on this basis); the read is cheap, value-trap risk, as it trades below peer multiples while recent financials are weak. If ARE cuts guidance on the next call, that's a meaningful negative. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 3 valuation methods, at three horizons. Current price $51.79. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $52 ARE trades at 3× p/s, below its 8× p/s peer median. Our $103 fair value sits above the price; low confidence. Analysts: $43–$58. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 49% below a flat-multiple fair value, below our forecast of about -2%. This describes what's priced in, not a forecast of the move.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Not enough signal yet.
Over the trailing year it converted -1.32x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity.
19 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated volatile grew net income 54% of the time over the next year (vs 57% for the rest of the cohort, n=3774).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.00 → $0.12. 0 raised, 0 cut, 1 covering analysts.
0 upgrades, 1 downgrade / 30d, 2 maintained. 12% of analysts rate Buy.
4 PT revisions / 30d. Avg target 8.6% above current price.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$182.
How much price usually moves either way.
On a bad day, this stock has moved -$426.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $5,163.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Higher occupancy rates show more demand for lab space. This helps revenue grow and stay steady.
Confirms:Occupancy rates increase to above 95% in 1Q26.
Disproves:Occupancy rates fall below 92% in 1Q26.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for ARE yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On April 27, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued a press release entitled “Alexandria Real Estate Equities, Inc. Reports First Quarter Ended March 31, 2026 Financial and Operating Results.” The press release referred to certain supplemental information that is available on the Company’s website at www.are.com. A copy of the press release and supplemental information are attached hereto as Exhibit 99.1. The informati…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
$43.00 – $58.00 (median $52.50) · 8 analysts · as of 2026-06-12
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Looks cheaper than most peers in the same business.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Office REITs.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
ARE Alexandria Real Estate Equities | Typical Show detailsSector percentile: 48 of 100 | inexpensive | elevated |
BXP BXP, Inc. | Above typical Show detailsSector percentile: 80 of 100 | full | moderate |
VNO Vornado Realty Trust | Above typical Show detailsSector percentile: 70 of 100 | inexpensive | moderate |
HPP Hudson Pacific Properties, Inc. | Typical Show detailsSector percentile: 60 of 100 | inexpensive | elevated |
CUZ Cousins Properties | Below typical Show detailsSector percentile: 24 of 100 | full | moderate |
Not investment advice. As of 2026-06-16.
via XLRE
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on maintaining strong financial guidance amidst market conditions.
Continue to manage capital allocation through strategic dispositions and sales.
Focus on ensuring leadership stability amidst executive changes.
Why it matters: Consistent leasing activity shows strong demand and can lead to higher revenue. It reflects the health of the tenant base.
Confirms:Leasing activity is over 1 million RSF for two quarters in a row.
Disproves:Leasing activity drops below 800,000 RSF in any quarter.
Why it matters: Growth in Funds From Operations signals strong cash flow and operational health. This can boost investor confidence.
Confirms:Funds From Operations per share increases year over year by more than 5%.
Disproves:Funds From Operations per share declines or grows less than 5%.
Why it matters: Successful asset sales can strengthen the balance sheet and fund future growth. This is key for capital allocation.
Confirms:At least $1 billion of the disposition plan is completed by mid-2026.
Disproves:Less than $500 million of the disposition plan is executed by mid-2026.
Entry Into a Material Agreement On February 25, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission. The Notes are governed by the terms of an Indenture, dated as of February 13, 2025 (the “Base Indenture”), by and among the…
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information provided in
Results of Operations and Financial Condition. On January 26, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued a press release entitled “Alexandria Real Estate Equities, Inc. Reports Fourth Quarter and Year Ended December 31, 2025 Financial and Operating Results.” The press release referred to certain supplemental information that is available on the Company’s website at www.are.com. A copy of the press release and supplemental information are attached hereto as Exhibit 99.1…
Other Events On February 10, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) and Alexandria Real Estate Equities, L.P., as guarantor (the “Guarantor”), entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as representatives (the “Representatives”) of the several Underwriters named therein (the “Underwriters”), in connection with the sale of $750,000,000 a…