Which has grown faster, ARE or FR?

Over the past five years, FR grew revenue faster — ARE at a 8.60% CAGR versus FR at 10.42%.

Does ARE or FR pay a bigger dividend?

ARE yields 5.22% and FR yields 3.15% based on trailing dividends and the latest price.

Is ARE or FR more profitable?

FR runs the higher net margin — ARE at -35.30% versus FR at 45.99%.

Which has been the better investment, ARE or FR?

Over the past 10-year, FR delivered the higher annualized total return — ARE at -2.29% versus FR at 12.00%. Past performance doesn't predict future results.

Alexandria Real Estate Equities, Inc. (ARE) vs First Industrial Realty Trust, Inc. (FR)

FR leads on 8 of 13 compared metrics.

A side-by-side comparison of Alexandria Real Estate Equities, Inc. and First Industrial Realty Trust, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 27, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

ARE

Alexandria Real Estate Equities, Inc.

$9.62B

$55.22Real Estate

First Industrial Realty Trust, Inc.

$8.43B

$63.58Real Estate

Total return — ARE vs FR

growth of $100 · last 29y

ARE +163.0%FR +113.7%ARE compounded faster

ARE FR

ARE vs FR: by the numbers

•ARE is the larger company ($9.62B vs $8.43B market cap).
•FR is profitable (45.99% net margin) while ARE runs a net loss (-35.30%).
•FR grew revenue faster over the past five years (10.42% vs 8.60% CAGR).
•ARE pays the higher dividend yield (5.22% vs 3.15%).

Which is better, ARE or FR?

Metric tally: ARE 5 · FR 8

It depends on what you're optimizing for:

GrowthFR(faster 5Y revenue CAGR)

IncomeARE(higher dividend yield)

QualityFR(higher ROIC)

Metrics side by side

Valuation

Metric	ARE	FR
P/E ratio	—	24.64
Forward P/E	29.77●	33.59
P/S ratio	3.59●	11.32
P/B ratio	0.66●	3.05
PEG ratio	—	6.01
EV / EBITDA	307.73	23.02●

Profitability

Metric	ARE	FR
Gross margin	68.25%●	22.60%
Operating margin	-42.76%	38.28%●
Net margin	-35.30%	45.99%●
ROE	-6.50%	12.41%●
ROIC	-4.40%	5.18%●

Dividends

Metric	ARE	FR
Dividend yield	5.22%●	3.15%
Payout ratio	—	106.95%

Growth (annualized)

Metric	ARE	FR
Revenue CAGR (5Y)	8.60%	10.42%●
EPS CAGR (5Y)	2.38%	4.10%●
Total return CAGR (5Y)	-18.02%	6.35%●

Frequently asked

Which is better, ARE or FR?: It depends on your goal. growth: FR (faster 5Y revenue CAGR); income: ARE (higher dividend yield); quality: FR (higher ROIC). Across all compared metrics, FR leads 8 to 5.
Which has grown faster, ARE or FR?: Over the past five years, FR grew revenue faster — ARE at a 8.60% CAGR versus FR at 10.42%.
Does ARE or FR pay a bigger dividend?: ARE yields 5.22% and FR yields 3.15% based on trailing dividends and the latest price.
Is ARE or FR more profitable?: FR runs the higher net margin — ARE at -35.30% versus FR at 45.99%.
Which has been the better investment, ARE or FR?: Over the past 10-year, FR delivered the higher annualized total return — ARE at -2.29% versus FR at 12.00%. Past performance doesn't predict future results.

Go deeper

Full ARE analysis Full FR analysis Interactive comparison tool

Dig into the metrics

Alexandria Real Estate Equities P/E ratio First Industrial Realty Trust P/E ratio Alexandria Real Estate Equities dividend yield First Industrial Realty Trust dividend yield Alexandria Real Estate Equities ROE First Industrial Realty Trust ROE Alexandria Real Estate Equities operating margin First Industrial Realty Trust operating margin Alexandria Real Estate Equities revenue growth First Industrial Realty Trust revenue growth Alexandria Real Estate Equities free cash flow First Industrial Realty Trust free cash flow

Alexandria Real Estate Equities & First Industrial Realty Trust appear in these rankings

Highest Dividend Yield Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 June 27, 2026.