Alexandria Real Estate Equities, Inc. (ARE) vs Camden Property Trust (CPT)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and Camden Property Trust across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — ARE vs CPT
growth of $100 · dividends reinvested · last 10yARE vs CPT: by the numbers
- •CPT is the larger company ($10.89B vs $8.38B market cap).
- •CPT is profitable (20.73% net margin) while ARE runs a net loss (-30.57%).
- •ARE grew revenue faster over the past five years (8.23% vs 7.99% CAGR).
- •ARE pays the higher dividend yield (7.24% vs 3.89%).
Metrics side by side
Valuation
| Metric | ARE | CPT |
|---|---|---|
| P/E ratio | N/A | 36.01 |
| Forward P/E | 23.80 | 96.55 |
| P/S ratio | 3.06 | 7.05 |
| P/B ratio | 0.58 | 2.92 |
| EV / EBITDA | 298.17 | 17.72 |
| FCF yield | 9.68% | 6.49% |
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.
For REITs like Camden Property Trust, 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 | ARE | CPT |
|---|---|---|
| Gross margin | 69.46% | 61.41% |
| Operating margin | -45.72% | 17.81% |
| Net margin | -30.57% | 20.73% |
| ROE | -5.81% | 8.58% |
| ROIC | -4.85% | 3.24% |
Dividends
| Metric | ARE | CPT |
|---|---|---|
| Dividend yield | 7.24% | 3.89% |
| Payout ratio | N/A | 119.21% |
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.
Camden Property Trust'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 | ARE | CPT |
|---|---|---|
| Revenue CAGR (5Y) | 8.23% | 7.99% |
| EPS CAGR (5Y) | N/A | 23.35% |
| FCF CAGR (5Y) | 9.89% | 49.32% |
| Total return CAGR (5Y) | -21.77% | -2.35% |
Frequently asked
- Which has grown faster, ARE or CPT?
- Over the past five years, ARE grew revenue faster — ARE at a 8.23% CAGR versus CPT at 7.99%.
- Does ARE or CPT pay a bigger dividend?
- ARE yields 7.24% and CPT yields 3.89% based on trailing dividends and the latest price.
- Is ARE or CPT more profitable?
- CPT runs the higher net margin — ARE at -30.57% versus CPT at 20.73%.
- How have ARE and CPT total returns compared?
- Over the past 10 years, ARE delivered -4.77% and CPT delivered 5.79% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities & Camden Property 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 August 13, 2026.