Alexandria Real Estate Equities (ARE)
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
$52.65-0.08%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - OfficeSnapshot 2026-09-04
QuarterlyIQ Insights · ARE
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
No current thesis-health read is available for this company.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 11.2% |
| Our one-year growth estimate | diamond |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
| -34.5% |
Growth built into the price is above our model estimate.
The price assumes 45.8 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has erratic recent earnings surprises and operates in a high-miss-rate industry. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 16 industry peers
ARE — divestiture
Dated 2026-08-21
Entry Into a Material Agreement On August 21, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $1,000,000,000 aggregate principal amount of the Company’s 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (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…
Why it matters: Doing this strategy well will help meet leverage goals and improve financial health.
Supportive if$2.9 billion in sales and partial interest deals are done or in progress.
Worry ifBig delays or failures in planned sales are a concern.
Why it matters: Higher debt can show financial trouble. It may affect future growth.
Worry ifNet debt to adjusted EBITDA exceeds 6.2x.
Less concerning ifNet debt to adjusted EBITDA remains below 5.6x.
Why it matters: High leasing activity indicates strong demand and can lead to revenue growth.
Supportive ifLeasing activity was over 1 million RSF in Q2 2026.
Worry ifLeasing activity was below 800,000 RSF in Q2 2026.
Why it matters: Higher occupancy means more demand for Alexandria's properties. This can lead to more income.
Supportive ifOccupancy is above 90% because new leased space is now ready.
Worry ifOccupancy is below 90% even though new leased space is ready.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$162 on $10,000 · ±1.6% | How much price usually moves either way. |
| Bad day | $442 loss on $10,000 · 4.4% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $5,163 loss on $10,000 · 51.6% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The closing will show how well Alexandria can manage its capital needs and leverage.
Watch forThe closing occurs on or before August 21, 2026, with no delays.
Also watch forThe closing is now after August 21, 2026. This shows there may be problems.
Why it matters: How Alexandria uses its money may impact its growth and finances.
Watch forThey announced a successful plan that made over $2 billion.
Also watch forFailure to execute on the planned dispositions, leading to cash flow concerns.
Why it matters: Earnings results will show if Alexandria meets its financial guidance. This is key for investors.
Watch forEarnings per share is over $1.30. This shows strong performance.
Also watch forEarnings per share falls below $1.00, suggesting weaker results.
Why it matters: Successful sales will show how well Alexandria can manage money and debt.
Supportive ifCompletion of at least $1B in pending dispositions by year-end 2026.
Worry ifLess than $500M in dispositions completed by year-end 2026.
Why it matters: A leverage ratio over 6.2x may mean more financial risk. This can hurt investor trust.
Worry ifLeverage ratio guidance exceeds 6.2x in Q4 2026.
Less concerning ifLeverage ratio guidance remains at or below 6.2x in Q4 2026.
Why it matters: Changes in interest rates can change borrowing costs and investment plans.
Watch forFOMC raises interest rates by more than 25 basis points.
Also watch forFOMC keeps interest rates unchanged or lowers them.
Why it matters: More occupancy means higher demand for Alexandria's properties. This leads to more rental income.
Supportive ifOccupancy rate exceeds 90% as of Q4 2026.
Worry ifOccupancy rate remains below 90% as of Q4 2026.
Why it matters: Lower G&A expenses show good cost control. This increases Alexandria's profits.
Supportive ifG&A expenses are reported below 7% of NOI in Q3 2026.
Worry ifG&A expenses exceed 7% of NOI in Q3 2026.
Why it matters: FOMC decisions can change interest rates. This affects Alexandria's financing costs and capital use.
Watch forFOMC raises rates. This leads to higher financing costs for Alexandria.
Also watch forFOMC maintains or lowers rates, resulting in stable or lower financing costs.