Alexandria Real Estate Equities (ARE)

NYSEReal EstateReit - OfficeSnapshot 2026-10-15

$41.62-1.70%

Close 2026-10-16 · 1-day change

Read the published Living FV report summary

Investment OutlookAs of Oct 15, 2026

What could strengthen or challenge Alexandria Real Estate Equities’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Living FV™

Living Fair Value by QuarterlyIQ

A valuation that evolves as the business changes.

A published Living FV snapshot is not available yet. The valuation workflow remains discoverable; a market target cannot supply the missing evidence.

View Living FV report and workflow

What the Thesis Depends On

Three key conditions need to be met for the investment thesis to play out.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Complete at least $1.8B funding from asset sales in 2025	The company completed $1.81B funding from asset sales.	Intact	Funding from asset sales falls below $1.5B in 2025	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 15, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Achieve EPS near $6.4 in 2026	A primary condition in Alexandria Real Estate Equities's published investment case. The stated target is 6.4 USD_PER_SHARE.	Intact	EPS falls below $4.0 in 2026	Diluted EPS: $-0.43 per share FY2026-Q2; GAAP. Published target: 6.4 USD_PER_SHARE. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Aug 3, 2026-0.43 USD/share · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: dd81f4a8-f9b3-49ad-96ee-90eab9073d4a. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Generate revenue between $1.7B and $2.6B in 2026	A primary condition in Alexandria Real Estate Equities's published investment case. The stated target is >=1.7 USD_BILLIONS.	Intact	Revenue falls below $1.7B in 2026	Revenue: $662.784M FY2026-Q2; GAAP. Published target: >=1.7 USD_BILLIONS. Target period ends 2026-12-31; this observation covers 2026-Q2. Source published Aug 3, 2026662,784,000 USD · source valueSource reportLast status assessment Oct 15, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: dd81f4a8-f9b3-49ad-96ee-90eab9073d4a. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS: comparable history unavailable.

FY2027 revenueUnavailable

Unavailable → Unavailable · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	Unavailable	Unavailable	1 / 4
2026-07-25	Unavailable	Unavailable	1 / 4
2026-07-26	Unavailable	Unavailable	1 / 4
2026-07-27	Unavailable	Unavailable	4 / 4
2026-07-28	Unavailable	Unavailable	1 / 4
2026-07-29	Unavailable	Unavailable	1 / 4
2026-07-30	Unavailable	Unavailable	1 / 4
2026-07-31	Unavailable	Unavailable	1 / 4
2026-08-01	Unavailable	Unavailable	1 / 4
2026-08-02	Unavailable	$2,518,420,240	1 / 5
2026-08-03	Unavailable	$2,518,420,240	1 / 5
2026-08-04	Unavailable	$2,518,420,240	1 / 5
2026-08-05	Unavailable	Unavailable	1 / 4
2026-08-06	Unavailable	Unavailable	1 / 4
2026-08-07	Unavailable	Unavailable	4 / 4
2026-08-08	Unavailable	$2,523,005,840	1 / 5
2026-08-09	Unavailable	$2,523,005,840	1 / 5
2026-08-10	Unavailable	$2,523,005,840	1 / 5
2026-08-11	Unavailable	Unavailable	1 / 4
2026-08-12	Unavailable	$2,523,005,840	1 / 5
2026-08-13	Unavailable	$2,523,005,840	1 / 5
2026-08-14	Unavailable	Unavailable	4 / 4
2026-08-15	Unavailable	Unavailable	4 / 4
2026-08-16	Unavailable	Unavailable	4 / 4
2026-08-17	Unavailable	Unavailable	4 / 4
2026-08-18	Unavailable	Unavailable	4 / 4
2026-08-19	Unavailable	Unavailable	4 / 4
2026-08-20	Unavailable	Unavailable	4 / 4
2026-08-21	Unavailable	Unavailable	4 / 4
2026-08-22	Unavailable	$1,827,053,995	4 / 5
2026-08-23	Unavailable	$1,827,053,995	4 / 5
2026-08-24	Unavailable	$1,827,053,995	4 / 5
2026-08-25	Unavailable	$1,827,053,995	4 / 5
2026-08-26	Unavailable	$1,827,053,995	4 / 5
2026-08-27	Unavailable	$1,827,053,995	4 / 5
2026-08-28	Unavailable	$1,827,053,995	4 / 5
2026-08-29	Unavailable	$1,621,039,493	4 / 5
2026-08-30	Unavailable	$1,621,039,493	4 / 5
2026-08-31	Unavailable	$1,621,039,493	4 / 5
2026-09-01	Unavailable	$1,621,039,493	4 / 5
2026-09-02	Unavailable	$1,621,039,493	4 / 5
2026-09-03	Unavailable	$1,621,039,493	4 / 5
2026-09-04	Unavailable	$1,621,039,493	4 / 5
2026-09-05	Unavailable	$1,621,039,493	4 / 5
2026-09-06	Unavailable	$1,621,039,493	4 / 5
2026-09-07	Unavailable	$1,621,039,493	4 / 5
2026-09-08	Unavailable	$1,621,039,493	4 / 5
2026-09-09	Unavailable	$1,621,039,493	4 / 5
2026-09-10	Unavailable	$1,621,039,493	4 / 5
2026-09-11	Unavailable	$1,621,039,493	4 / 5
2026-09-12	Unavailable	$1,621,039,493	4 / 5
2026-09-13	Unavailable	$1,621,039,493	4 / 5
2026-09-14	Unavailable	$1,621,039,493	4 / 5
2026-09-15	Unavailable	$1,621,039,493	4 / 5
2026-09-16	Unavailable	$1,621,039,493	4 / 5
2026-09-17	Unavailable	$1,621,039,493	4 / 5
2026-09-18	Unavailable	$1,621,039,493	4 / 5
2026-09-19	Unavailable	$1,621,039,493	4 / 5
2026-09-20	Unavailable	Unavailable	4 / 4
2026-09-21	Unavailable	Unavailable	4 / 4
2026-09-22	Unavailable	Unavailable	4 / 4
2026-09-23	Unavailable	Unavailable	4 / 4
2026-09-24	Unavailable	Unavailable	4 / 4
2026-09-25	Unavailable	Unavailable	4 / 4
2026-09-26	Unavailable	Unavailable	4 / 4
2026-09-27	Unavailable	Unavailable	4 / 4
2026-09-28	Unavailable	Unavailable	4 / 4
2026-09-29	Unavailable	Unavailable	4 / 4
2026-09-30	Unavailable	Unavailable	4 / 4
2026-10-01	Unavailable	Unavailable	4 / 4
2026-10-02	Unavailable	Unavailable	4 / 4
2026-10-03	Unavailable	Unavailable	4 / 4
2026-10-04	Unavailable	Unavailable	4 / 4
2026-10-05	Unavailable	Unavailable	4 / 4
2026-10-06	Unavailable	Unavailable	4 / 4
2026-10-07	Unavailable	Unavailable	4 / 4
2026-10-08	Unavailable	Unavailable	4 / 4
2026-10-09	Unavailable	Unavailable	4 / 4
2026-10-10	Unavailable	Unavailable	4 / 4
2026-10-11	Unavailable	$2,457,473,225	4 / 5
2026-10-12	Unavailable	$2,457,473,225	4 / 5
2026-10-13	Unavailable	$2,443,135,429	4 / 5
2026-10-14	Unavailable	Unavailable	4 / 4
2026-10-15	Unavailable	Unavailable	4 / 4

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	3	13	1
2026-06-01	2	13	2
2026-07-01	2	12	2
2026-08-01	2	12	2
2026-09-01	2	12	3
2026-10-01	2	11	4

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 2 Buy / Strong Buy · 11 Hold · 4 Sell / Strong Sell

0 upgrades1 downgrades1 maintains

Recent actions · Sep 16–Oct 15 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

Raymond JamesOct 12

$41.00New observation · no comparable prior

RBC CapitalOct 12 · prior May 5

$50.00 → $41.00-18.0%

BMO CapitalOct 12 · prior Jun 12

$54.00 → $41.00-24.1%

Evercore ISISep 21 · prior Aug 17

$57.00 → $59.00+3.5%

$0$32.45$64.90

1 raises · 2 cuts · 0 unchanged · 1 without a comparable prior

How this is measured

Sep 16, 2026–Oct 15, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Complete at least $1.8B funding from asset sales in 2025Direct metric needs a verified mapping
Achieve EPS near $6.4 in 2026Diluted EPS: $-0.43 per share
Generate revenue between $1.7B and $2.6B in 2026Revenue: $662.784M

Next proof point

Oct 26, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

1.4%Typical daily move · historical

Downside history

-46.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Alexandria Real Estate Equities outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 10, 2026

What kind of bet this is

This investment represents a turnaround situation, as ARE is currently loss-making and facing headwinds in the real estate sector. The management's execution has been volatile, which adds uncertainty to the long-term outlook.

What's priced into Alexandria Real Estate Equities

The market appears to have priced in a low expectations gap, suggesting that investors are not overly optimistic about significant near-term improvements. Valuation is at a premium compared to peers, indicating that the market may be cautious about future performance.

What the fundamentals likely do

Fundamentals are likely to fluctuate due to management's mixed execution on key priorities, particularly in improving occupancy and net operating income. The near-term risk of missing earnings estimates is elevated, with a significant probability of a miss based on recent performance trends.

What Alexandria Real Estate Equities hinges on

The thesis hinges on several factors, including the potential for favorable interest rate cuts by the Fed and the performance of sector bellwethers. Additionally, any negative guidance from management could significantly impact investor sentiment and expectations.