Alexandria Real Estate Equities, Inc. (ARE) vs Fermi Inc. Common Stock (FRMI)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and Fermi Inc. Common Stock across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 13, 2026. Differences are shown without an overall score or investment verdict.
Total return — ARE vs FRMI
growth of $100 · dividends reinvested · last 1yARE vs FRMI: by the numbers
- •ARE is the larger company ($8.99B vs $3.10B market cap).
- •Both run net losses; FRMI's is the smaller (0.00% vs -30.57% net margin).
- •ARE pays a dividend (6.80% yield), while FRMI has no payments in the available dividend history.
Metrics side by side
Valuation
| Metric | ARE | FRMI |
|---|---|---|
| Forward P/E | 34.02 | N/A |
| P/S ratio | 3.04 | N/A |
| P/B ratio | 0.58 | 3.00 |
| FCF yield | 9.75% | N/A |
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 Fermi Inc. Common Stock, 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 | FRMI |
|---|---|---|
| Gross margin | 69.46% | 0.00% |
| Operating margin | -45.72% | 0.00% |
| Net margin | -30.57% | 0.00% |
| ROE | -5.81% | -67.32% |
| ROIC | -4.23% | -20.71% |
Dividends
| Metric | ARE | FRMI |
|---|---|---|
| Dividend yield | 6.80% | N/A |
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.
Fermi Inc. Common Stock'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 | FRMI |
|---|---|---|
| Revenue CAGR (5Y) | 8.23% | N/A |
| FCF CAGR (5Y) | 9.89% | N/A |
| Total return CAGR (5Y) | -20.40% | N/A |
Frequently asked
- Does ARE or FRMI pay a bigger dividend?
- ARE pays a dividend (6.80% yield), while FRMI has no payments in the available dividend history.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities & Fermi Inc. Common Stock 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 13, 2026.