Alexandria Real Estate Equities, Inc. (ARE) vs Federal Realty Investment Trust (FRT)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and Federal Realty Investment Trust across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 11, 2026. Differences are shown without an overall score or investment verdict.
Total return — ARE vs FRT
growth of $100 · dividends reinvested · last 10yARE vs FRT: by the numbers
- •FRT is the larger company ($10.09B vs $8.39B market cap).
- •FRT is profitable (32.66% net margin) while ARE runs a net loss (-30.57%).
- •FRT grew revenue faster over the past five years (8.77% vs 8.23% CAGR).
- •ARE pays the higher dividend yield (7.20% vs 3.86%).
Metrics side by side
Valuation
| Metric | ARE | FRT |
|---|---|---|
| P/E ratio | N/A | 23.33 |
| Forward P/E | 23.94 | 29.24 |
| P/S ratio | 3.08 | 7.56 |
| P/B ratio | 0.59 | 3.00 |
| EV / EBITDA | 298.17 | 17.67 |
| FCF yield | 9.62% | 5.57% |
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 Federal Realty Investment 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 | FRT |
|---|---|---|
| Gross margin | 69.46% | 9.73% |
| Operating margin | -45.72% | 34.49% |
| Net margin | -30.57% | 32.66% |
| ROE | -5.81% | 12.96% |
| ROIC | -4.85% | 5.53% |
Dividends
| Metric | ARE | FRT |
|---|---|---|
| Dividend yield | 7.20% | 3.86% |
| Payout ratio | N/A | 94.36% |
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.
Federal Realty Investment 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 | FRT |
|---|---|---|
| Revenue CAGR (5Y) | 8.23% | 8.77% |
| EPS CAGR (5Y) | N/A | 24.22% |
| FCF CAGR (5Y) | 9.89% | 69.34% |
| Total return CAGR (5Y) | -21.67% | 3.86% |
Frequently asked
- Which has grown faster, ARE or FRT?
- Over the past five years, FRT grew revenue faster — ARE at a 8.23% CAGR versus FRT at 8.77%.
- Does ARE or FRT pay a bigger dividend?
- ARE yields 7.20% and FRT yields 3.86% based on trailing dividends and the latest price.
- Is ARE or FRT more profitable?
- FRT runs the higher net margin — ARE at -30.57% versus FRT at 32.66%.
- How have ARE and FRT total returns compared?
- Over the past 10 years, ARE delivered -4.60% and FRT delivered 0.62% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities & Federal Realty Investment 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 11, 2026.