Alexandria Real Estate Equities, Inc. (ARE)

US — Real Estate Sector
Peers: BXP  KRC  SLG  VNO  HIW  AVB  MAA  ESS  REG 

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Key Metrics & Ratings

  • symbol ARE
  • Rev/Share 17.6075
  • Book/Share 124.1266
  • PB 0.5335
  • Debt/Equity 0.8387
  • CurrentRatio 0.2718
  • ROIC 0.0261

 

  • MktCap 9018011579.0
  • FreeCF/Share 8.0868
  • PFCF 6.5545
  • PE -21.4891
  • Debt/Assets 0.3734
  • DivYield 0.0897
  • ROE -0.0239

 

  • Rating C+
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 5
  • P/B Score 3
  • D/E Score 2

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Downgrade ARE Citizens JMP Mkt Outperform Market Perform -- -- Nov. 13, 2025
Downgrade ARE BTIG Research Buy Neutral -- -- Oct. 29, 2025
Initiation ARE Jefferies -- Hold -- $80 Oct. 6, 2025
Downgrade ARE BNP Paribas Exane Neutral Underperform -- -- Oct. 1, 2025
Initiation ARE Cantor Fitzgerald -- Neutral -- $88 Oct. 1, 2025
Initiation ARE BMO Capital Markets -- Outperform -- $100 Sept. 23, 2025
Upgrade ARE Evercore ISI In-line Outperform -- $104 Sept. 15, 2025
Initiation ARE Jefferies -- Hold -- $100 March 17, 2025
Downgrade ARE Citigroup Buy Neutral $130 $125 Sept. 13, 2024

News

Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE
ARE
Published: December 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Dec. 01, 2025 (GLOBE NEWSWIRE) -- The DJS Law Group reminds investors of a class action lawsuit against Alexandria Real Estate Equities, Inc. (“Alexandria” or “the Company”) (NYSE: ARE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of ARE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments.

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image for news Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE
ALEXANDRIA ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Alexandria Real Estate Equities, Inc. and Encourages Investors to Contact the Firm
ARE
Published: November 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Alexandria To Contact Him Directly To Discuss Their Options

Read More
image for news ALEXANDRIA ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Alexandria Real Estate Equities, Inc. and Encourages Investors to Contact the Firm
Securities Fraud Investigation Into Alexandria Real Estate Equities, Inc. (ARE) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
ARE
Published: November 28, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVE.

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image for news Securities Fraud Investigation Into Alexandria Real Estate Equities, Inc. (ARE) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
ARE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Alexandria Real Estate Equities, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
ARE
Published: November 28, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Nov. 28, 2025 /PRNewswire/ -- Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. ("Alexandria" or "the Company") (NYSE: ARE) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Alexandria securities between January 27, 2025 and October 27, 2025, both dates inclusive (the "Class Period").

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image for news ARE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Alexandria Real Estate Equities, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit
ARE
Published: November 28, 2025 by: PRNewsWire
Sentiment: Neutral

NEW YORK , Nov. 28, 2025 /PRNewswire/ -- Why: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Alexandria Real Estate Equities, Inc. (NYSE: ARE) between January 27, 2025 and October 27, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed.

Read More
image for news ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Alexandria Real Estate Equities, Inc. of Class Action Lawsuit and Upcoming Deadlines - ARE
ARE
Published: November 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.

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image for news INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Alexandria Real Estate Equities, Inc. of Class Action Lawsuit and Upcoming Deadlines - ARE
ARE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alexandria Real Estate Equities
ARE
Published: November 28, 2025 by: Newsfile Corp
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Alexandria To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in Alexandria between January 27, 2025 and October 27, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] New York, New York--(Newsfile Corp. - November 28, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Alexandria Real Estate Equities, …

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image for news ARE SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE
ARE
Published: November 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Nov. 28, 2025 (GLOBE NEWSWIRE) -- The DJS Law Group reminds investors of a class action lawsuit against Alexandria Real Estate Equities, Inc. (“Alexandria” or “the Company”) (NYSE: ARE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Shareholders who purchased shares of ARE during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments.

Read More
image for news Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE
ARE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Alexandria Real Estate Equities, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
ARE
Published: November 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 27, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. (“Alexandria” or “the Company”) (NYSE: ARE) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Alexandria securities between January 27, 2025 and October 27, 2025, both dates inclusive (the “Class Period”).

Read More
image for news ARE INVESTOR ALERT: Bronstein, Gewirtz & Grossman LLC Announces that Alexandria Real Estate Equities, Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit
ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit with the Schall Law Firm
ARE
Published: November 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Nov. 27, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm , a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Alexandria Real Estate Equities, Inc. (“Alexandria” or “the Company”) (NYSE: ARE) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between January 27, 2025 and October 27, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before January 26, 2026.

Read More
image for news ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit with the Schall Law Firm
ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alexandria Real Estate Equities, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ARE
ARE
Published: November 27, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 27, 2025 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Alexandria Real Estate Equities, Inc. (NYSE: ARE) between January 27, 2025 and October 27, 2025, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed.

Read More
image for news ROSEN, SKILLED INVESTOR COUNSEL, Encourages Alexandria Real Estate Equities, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – ARE
Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE
ARE
Published: November 26, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)--Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE.

Read More
image for news Alexandria Real Estate Equities, Inc. Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights – ARE
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Alexandria Real Estate Equities, Inc. (ARE)
ARE
Published: November 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

NEW YORK, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) securities between January 27, 2025 and October 27, 2025, inclusive (the “Class Period”).

Read More
image for news Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Alexandria Real Estate Equities, Inc. (ARE)
ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit with the Schall Law Firm
ARE
Published: November 26, 2025 by: Business Wire
Sentiment: Neutral

LOS ANGELES--(BUSINESS WIRE)---- $ARE--ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit with the Schall Law Firm.

Read More
image for news ARE Investors Have Opportunity to Lead Alexandria Real Estate Equities, Inc. Securities Fraud Lawsuit with the Schall Law Firm
Why Is Alexandria Real Estate Equities (ARE) Down 16.4% Since Last Earnings Report?
ARE
Published: November 26, 2025 by: Zacks Investment Research
Sentiment: Negative

Alexandria Real Estate Equities (ARE) reported earnings 30 days ago. What's next for the stock?

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image for news Why Is Alexandria Real Estate Equities (ARE) Down 16.4% Since Last Earnings Report?
DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alexandria Real Estate Equities
ARE
Published: November 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Alexandria To Contact Him Directly To Discuss Their Options

Read More
image for news DEADLINE ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Alexandria Real Estate Equities
INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Alexandria Real Estate Equities, Inc.  (ARE) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
ARE
Published: November 26, 2025 by: GlobeNewsWire
Sentiment: Neutral

ATLANTA, Nov. 26, 2025 (GLOBE NEWSWIRE) -- A shareholder class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse information regarding Alexandria's business, operations, and prospects, including allegations that, among other things, Defendants created the false impression that they possessed reliable information pertaining to the Company's leasing spreads, development tenant pipeline, and anticipated occupancy growth for its life-science properties, specifically its LIC property while also minimizing risk from macroeconomic fluctuations.

Read More
image for news INVESTOR ALERT: Class Action Lawsuit Filed on Behalf of Alexandria Real Estate Equities, Inc.  (ARE) Investors – Holzer & Holzer, LLC Encourages Investors With Significant Losses to Contact the Firm
The State Of REITs: November 2025 Edition
AHR, ARE, BBRE, BDN, CCI, DFAR, DHC, FREL, ICF, ILPT, IRM, IYR, JPRE, MPW, OHI, PK, REZ, RWR, SBRA, SCHH, SOHO, SVC, USRT, VNQ, VTR
Published: November 18, 2025 by: Seeking Alpha
Sentiment: Negative

The REIT sector has seen back-to-back tough months as it saw a modest average negative total return in September (-0.73%) and fell deeper into the red in October (-4.03%). Small cap REITs (-5.05%) had the worst performance in October. Micro caps (-2.81%), mid caps (-3.11%) and large caps (-4.45%) were also in negative territory albeit to a smaller degree. Only 21.66% of REIT securities had a positive total return in October.

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image for news The State Of REITs: November 2025 Edition
5 Highest Yielding Dividend Stocks in the S&P 500
ARE, CAG, LYB, PFE, UPS
Published: November 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

The first thing that comes to mind when we speak about the S&P 500 is the biggest tech companies, high valuations, and fastest-moving giants.

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image for news 5 Highest Yielding Dividend Stocks in the S&P 500
ARE Investors Have Opportunity to Join Alexandria Real Estate Equities, Inc. Fraud Investigation with the Schall Law Firm
ARE
Published: November 05, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, Nov. 05, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Alexandria Real Estate Equities, Inc. (“Alexandria” or “the Company”) (NYSE: ARE) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Read More
image for news ARE Investors Have Opportunity to Join Alexandria Real Estate Equities, Inc. Fraud Investigation with the Schall Law Firm
Alexandria Real Estate: Earnings Reaction Creates A Buying Opportunity
ARE
Published: October 31, 2025 by: Seeking Alpha
Sentiment: Positive

Alexandria Real Estate Equities, Inc. is rated a Strong Buy, offering a rare opportunity to acquire a high-quality REIT at a bargain price. ARE's recent 24% price drop is seen as overdone, with recovery expected as oversupply is repurposed and interest rates decline by 2026-2027. Projected FFO/share growth and multiple expansion could drive ARE to $143 by 2030, delivering a 143% gain plus an 8.4% dividend yield.

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image for news Alexandria Real Estate: Earnings Reaction Creates A Buying Opportunity
Alexandria Real Estate Equities, Inc. (ARE) Q3 2025 Earnings Call Transcript
ARE
Published: October 28, 2025 by: Seeking Alpha
Sentiment: Neutral

Alexandria Real Estate Equities, Inc. (NYSE:ARE ) Q3 2025 Earnings Call October 28, 2025 2:00 PM EDT Company Participants Joel Marcus - Founder & Executive Chairman Marc Binda - CFO & Treasurer Peter M. Moglia - CEO & Chief Investment Officer Hallie Kuhn - Senior Vice President of Science & Technology and Capital Markets Conference Call Participants Paula Schwartz - Rx Communications Group LLC Farrell Granath - BofA Securities, Research Division Nicholas Joseph - Citigroup Inc., Research Division Richard Anderson - Cantor Fitzgerald & Co., Research Division Anthony Paolone - JPMorgan Chase & Co, Research Division Wesley Golladay - Robert …

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image for news Alexandria Real Estate Equities, Inc. (ARE) Q3 2025 Earnings Call Transcript
Alexandria Real Estate: When Tenants Can't Pay, REITs Are No Longer Safe
ARE
Published: October 28, 2025 by: Seeking Alpha
Sentiment: Neutral

Alexandria Real Estate Equities, Inc. faces ongoing headwinds, with soft biotech demand, declining occupancy, and a challenging renewal wave ahead. ARE's exposure to smaller, non-investment-grade biotechs and concentration risk among top tenants heightens vulnerability in a weak macro environment. Dividend safety is in question as management hints at a potential cut, reflecting deteriorating fundamentals and a negative outlook despite a 14-year growth streak.

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image for news Alexandria Real Estate: When Tenants Can't Pay, REITs Are No Longer Safe
Alexandria's Q3 AFFO & Revenues Miss Estimates, '25 View Narrowed
ARE
Published: October 28, 2025 by: Zacks Investment Research
Sentiment: Negative

ARE's Q3 miss, lower occupancy and rising interest costs drag results, prompting a 2025 FFO guidance cut.

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image for news Alexandria's Q3 AFFO & Revenues Miss Estimates, '25 View Narrowed
Alexandria to Post Q3 Earnings: What to Expect From the Stock?
ARE
Published: October 22, 2025 by: Zacks Investment Research
Sentiment: Negative

ARE's Q3 results may show lower revenues and FFO as occupancy pressures weigh on performance.

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image for news Alexandria to Post Q3 Earnings: What to Expect From the Stock?
Insights Into Alexandria Real Estate Equities (ARE) Q3: Wall Street Projections for Key Metrics
ARE
Published: October 22, 2025 by: Zacks Investment Research
Sentiment: Positive

Looking beyond Wall Street's top-and-bottom-line estimate forecasts for Alexandria Real Estate Equities (ARE), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2025.

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image for news Insights Into Alexandria Real Estate Equities (ARE) Q3: Wall Street Projections for Key Metrics
Rates Going Lower Next Week: Our Top 5% Dividend Picks Could Soar
ARE, BMY, EPD, MO, VZ
Published: October 21, 2025 by: 24/7 Wall Street
Sentiment: Positive

Investors love dividend stocks, especially those with high yields, because they provide a substantial income stream and offer significant total return potential.

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image for news Rates Going Lower Next Week: Our Top 5% Dividend Picks Could Soar
Alexandria Real Estate Equities Is A Great Prospect Despite Real Challenges
ARE
Published: October 17, 2025 by: Seeking Alpha
Sentiment: Positive

Alexandria Real Estate Equities remains a "Strong Buy" due to its attractive valuation and strategic position in the life sciences REIT sector. ARE is actively recycling its portfolio, selling non-revenue assets and reinvesting proceeds to reduce debt and fund new developments, despite recent revenue and profit declines. The company's megacampus strategy and focus on life sciences position it for long-term growth, even as sector vacancy rates and industry headwinds persist.

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image for news Alexandria Real Estate Equities Is A Great Prospect Despite Real Challenges
20 Years On Wall Street Taught Me: Buy and Hold High-Yield Dividend Giants
ARE, CVX, EPD, MO, VZ
Published: October 01, 2025 by: 24/7 Wall Street
Sentiment: Positive

After a career that spanned two decades of experience at Bear Stearns, Lehman Brothers, and Morgan Stanley, I gained an institutional perspective on dividend stock investing.

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image for news 20 Years On Wall Street Taught Me: Buy and Hold High-Yield Dividend Giants
Alexandria Real Estate: Bucking Trends
ARE
Published: September 30, 2025 by: Seeking Alpha
Sentiment: Positive

ARE demonstrates resilience in a challenging life science real estate market, leveraging its mega-campus model and strong tenant relationships. Despite industry headwinds and high vacancy rates, ARE maintains robust leasing activity, positive spreads, and expects year-end occupancy between 91% and 92.5%. Long-term tailwinds, including projected growth in global pharmaceutical sales and AI-driven demand, position ARE for future success despite current market turbulence.

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image for news Alexandria Real Estate: Bucking Trends

About Alexandria Real Estate Equities, Inc. (ARE)

  • IPO Date 1997-05-28
  • Website https://www.are.com
  • Industry REIT - Office
  • CEO Peter Moglia
  • Employees 552

Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.