Alexandria Real Estate Equities (ARE)
NYSEReal EstateReit - OfficeSnapshot 2026-11-04
$45.17-1.80%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-11-04
QuarterlyIQ Insights · ARE
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within real estate on a research-validated quality screen. As of 2026-11-04.
The screen ranks ARE against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 2 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
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 2.70x of net income into operating cash flow. Historically, Real Estate names rated neutral grew net income 57% of the time over the next year (vs 47% for the rest of the cohort, n=2917).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…
Stated in 6 of 8 supplied quarters. Management reported: “YTD 3Q26 covers the period from January 1, 2026 to September 30, 2026.” “Novel therapies approved by the FDA (Center for Drug Evaluation and Research) include new molecular entities and new biologics defined as products containing active moieties that have not previously been approved by the FDA.”
“© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…”
“© 2026 | xii [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Steadily Improve Occupancy and Increase NOI, Focusing on Leasing to All Sectors of Our Tenant Base || Continue to Successfully Manage G&A || Ma…”
“© 2026 xvi ALEXANDRIA’S PATH FORWARD: 1Q26 UPDATE Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage: On Track for Annualized 4Q26 Leverage (1) of 5.6 x to 6.2…”
“© 2026 iv ALEXANDRIA’S PATH FORWARD Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage Continue to Successfully Manage G&A Maintain Optionality for Future Grow…”
“Key highlights YTD Operating results 3Q25 3Q24 3Q25 3Q24 Net (loss) income attributable to Alexandria’s common stockholders – diluted: In millions $ (234.9) $ 164.7 $ (356.1) $ 374.5 Per share $ (1.3…”
“Strong and flexible balance sheet with significant liquidity; top 10% credit rating ranking among all publicly traded U.S. REITs • Net debt and preferred stock to Adjusted EBITDA of 5.9x and f ixed-c…”
© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…
Stated in 6 of 8 supplied quarters. Management reported: “If we cease activities necessary to prepare a project for its intended use, related costs are expensed as incurred.” “Annualized capitalized operating expenses represent approximatel y 2% of the total average real estate basis subject to capitalization for 3Q26 .”
© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…
Stated in 6 of 8 supplied quarters. Management reported: “(2) Refer to “Key sources and uses of capital” under “2026 Guidance” in the Earnings Press Release for additional details.” “(2) Refer to “Key sources and uses of capital” under “2026 Guidance” in the Earnings Press Release for additional details.”
“© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…”
© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…
Stated in 6 of 8 supplied quarters. Management reported: “(2) Includes dispositions and sales of partial interests: (i) $2.3 million completed, (ii) $149.1 million of pending transactions subject to non-refundable deposits, signed letters of intent, and/or purchase and sale agreement negotiations, and (iii) $2.18 billion identified and in process.” “(3) Anticipated delivery of 1.1 million RSF of vacant space that was leased but not yet delivered as of March 31, 2026, which has a weighted-average expected delivery date of approximately September 2026 , and is expected to generate annual rental revenue of approximately $68 million .”
© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…
Stated in 6 of 8 supplied quarters. Management reported: “(2) Includes dispositions and sales of partial interests: (i) $2.3 million completed, (ii) $149.1 million of pending transactions subject to non-refundable deposits, signed letters of intent, and/or purchase and sale agreement negotiations, and (iii) $2.18 billion identified and in process.” “• G eneral and administrative expenses of $89.0 million for YTD 3Q25 , representing cost reductions of $46.6 million or 34% , compared to YTD 3Q24 , primarily the result of cost- control and efficiency initiatives related to reducing personnel-related costs and streamlining business processes.”
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity (low R² over the window).
20 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Real Estate names rated volatile grew net income 55% of the time over the next year (vs 55% for the rest of the cohort, n=2851).
Not investment advice. As of 2026-11-04.
“© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…”
“© 2026 | xii [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Steadily Improve Occupancy and Increase NOI, Focusing on Leasing to All Sectors of Our Tenant Base || Continue to Successfully Manage G&A || Ma…”
“© 2026 xvi ALEXANDRIA’S PATH FORWARD: 1Q26 UPDATE Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage: On Track for Annualized 4Q26 Leverage (1) of 5.6 x to 6.2…”
“© 2026 iv ALEXANDRIA’S PATH FORWARD Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage Continue to Successfully Manage G&A Maintain Optionality for Future Grow…”
“Key highlights YTD Operating results 3Q25 3Q24 3Q25 3Q24 Net (loss) income attributable to Alexandria’s common stockholders – diluted: In millions $ (234.9) $ 164.7 $ (356.1) $ 374.5 Per share $ (1.3…”
“2Q25 1H25 Total leasing activity – RSF 769,815 1,800,368 Lease renewals and re-leasing of space: RSF (included in total leasing activity above) 483,409 1,367,817 Rental rate increase 5.5% 13.2% Renta…”
“© 2026 | xii [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Steadily Improve Occupancy and Increase NOI, Focusing on Leasing to All Sectors of Our Tenant Base || Continue to Successfully Manage G&A || Ma…”
“© 2026 xvi ALEXANDRIA’S PATH FORWARD: 1Q26 UPDATE Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage: On Track for Annualized 4Q26 Leverage (1) of 5.6 x to 6.2…”
“© 2026 iv ALEXANDRIA’S PATH FORWARD Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage Continue to Successfully Manage G&A Maintain Optionality for Future Grow…”
“Key highlights YTD Operating results 3Q25 3Q24 3Q25 3Q24 Net (loss) income attributable to Alexandria’s common stockholders – diluted: In millions $ (234.9) $ 164.7 $ (356.1) $ 374.5 Per share $ (1.3…”
“Ongoing execution of Alexandria’s 2025 capital recycling strategy We expect to fund a significant portion of our capital requirements for the year ending December 31, 2025 through dispositions of non…”
“© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…”
“© 2026 | xii [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Steadily Improve Occupancy and Increase NOI, Focusing on Leasing to All Sectors of Our Tenant Base || Continue to Successfully Manage G&A || Ma…”
“© 2026 xvi ALEXANDRIA’S PATH FORWARD: 1Q26 UPDATE Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage: On Track for Annualized 4Q26 Leverage (1) of 5.6 x to 6.2…”
“© 2026 iv ALEXANDRIA’S PATH FORWARD Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage Continue to Successfully Manage G&A Maintain Optionality for Future Grow…”
“Ongoing execution of Alexandria’s 2025 capital recycling strategy We expect to fund a significant portion of our capital requirements for the year ending December 31, 2025 through dispositions of non…”
“Ongoing execution of Alexandria’s 2025 capital recycling strategy We expect to fund a significant portion of our capital requirements for the year ending December 31, 2025 through dispositions of non…”
“© 2026 | ix [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage || Steadily Improve Occupancy and Increase NOI, Focus…”
“© 2026 | xii [/TABLE] ALEXANDRIA’S PATH FORWARD [TABLE] Steadily Improve Occupancy and Increase NOI, Focusing on Leasing to All Sectors of Our Tenant Base || Continue to Successfully Manage G&A || Ma…”
“© 2026 xvi ALEXANDRIA’S PATH FORWARD: 1Q26 UPDATE Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage: On Track for Annualized 4Q26 Leverage (1) of 5.6 x to 6.2…”
“© 2026 iv ALEXANDRIA’S PATH FORWARD Maintain a Strong and Flexible Balance Sheet, Significant Liquidity, and Targeted Leverage Continue to Successfully Manage G&A Maintain Optionality for Future Grow…”
“• G eneral and administrative expenses of $89.0 million for YTD 3Q25 , representing cost reductions of $46.6 million or 34% , compared to YTD 3Q24 , primarily the result of cost- control and efficien…”
“• General and administrative expenses of $59.8 million for 1H25 , representing cost savings of $31.9 million or 35% , compared to 1H24 , primarily the result of cost-control and efficiency initiative…”