Apple Hospitality REIT, Inc. (APLE) vs Alexandria Real Estate Equities, Inc. (ARE)
A side-by-side comparison of Apple Hospitality REIT, Inc. and Alexandria Real Estate Equities, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 3, 2026. Differences are shown without an overall score or investment verdict.
Total return — APLE vs ARE
growth of $100 · dividends reinvested · last 10yAPLE vs ARE: by the numbers
- •ARE is the larger company ($9.21B vs $3.69B market cap).
- •APLE is profitable (12.17% net margin) while ARE runs a net loss (-30.57%).
- •APLE grew revenue faster over the past five years (15.90% vs 8.23% CAGR).
- •ARE pays the higher dividend yield (6.60% vs 6.10%).
Metrics side by side
Valuation
| Metric | APLE | ARE |
|---|---|---|
| P/E ratio | 21.28 | N/A |
| Forward P/E | 22.10 | 34.77 |
| P/S ratio | 2.58 | 3.36 |
| P/B ratio | 1.18 | 0.64 |
| EV / EBITDA | 8.51 | N/A |
| FCF yield | 9.03% | 8.82% |
For REITs like Apple Hospitality REIT, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Alexandria Real Estate Equities, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | APLE | ARE |
|---|---|---|
| Gross margin | 6.38% | 69.46% |
| Operating margin | 17.57% | -45.72% |
| Net margin | 12.17% | -30.57% |
| ROE | 5.58% | -5.81% |
| ROIC | 5.17% | -4.46% |
Dividends
| Metric | APLE | ARE |
|---|---|---|
| Dividend yield | 6.10% | 6.60% |
| Payout ratio | 129.73% | N/A |
Apple Hospitality REIT, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Alexandria Real Estate Equities, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | APLE | ARE |
|---|---|---|
| Revenue CAGR (5Y) | 15.90% | 8.23% |
| FCF CAGR (5Y) | 47.12% | 9.89% |
| Total return CAGR (5Y) | 6.98% | -20.61% |
Frequently asked
- Which has grown faster, APLE or ARE?
- Over the past five years, APLE grew revenue faster — APLE at a 15.90% CAGR versus ARE at 8.23%.
- Does APLE or ARE pay a bigger dividend?
- APLE yields 6.10% and ARE yields 6.60% based on trailing dividends and the latest price.
- Is APLE or ARE more profitable?
- APLE runs the higher net margin — APLE at 12.17% versus ARE at -30.57%.
- How have APLE and ARE total returns compared?
- Over the past 10 years, APLE delivered 3.84% and ARE delivered -3.84% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Apple Hospitality REIT & Alexandria Real Estate Equities appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 3, 2026.