Which has grown faster, ARE or NNN?

Over the past five years, ARE grew revenue faster — ARE at a 8.60% CAGR versus NNN at 7.06%.

Does ARE or NNN pay a bigger dividend?

ARE yields 5.22% and NNN yields 5.18% based on trailing dividends and the latest price.

Is ARE or NNN more profitable?

NNN runs the higher net margin — ARE at -35.30% versus NNN at 41.38%.

Which has been the better investment, ARE or NNN?

Over the past 10-year, NNN delivered the higher annualized total return — ARE at -2.29% versus NNN at 4.74%. Past performance doesn't predict future results.

Alexandria Real Estate Equities, Inc. (ARE) vs NNN REIT, Inc. (NNN)

NNN leads on 8 of 12 compared metrics.

A side-by-side comparison of Alexandria Real Estate Equities, Inc. and NNN REIT, 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.

Total return — ARE vs NNN

growth of $100 · last 29y

ARE +163.0%NNN +215.5%NNN compounded faster

ARE NNN

ARE vs NNN: by the numbers

•ARE is the larger company ($9.62B vs $9.01B market cap).
•NNN is profitable (41.38% net margin) while ARE runs a net loss (-35.30%).
•ARE grew revenue faster over the past five years (8.60% vs 7.06% CAGR).
•ARE pays the higher dividend yield (5.22% vs 5.18%).

Which is better, ARE or NNN?

Metric tally: ARE 4 · NNN 8

It depends on what you're optimizing for:

GrowthARE(faster 5Y revenue CAGR)

QualityNNN(higher ROIC)

Metrics side by side

Valuation

Metric	ARE	NNN
P/E ratio	—	22.51
Forward P/E	29.77	22.95●
P/S ratio	3.59●	9.39
P/B ratio	0.66●	2.00
PEG ratio	—	2.02
EV / EBITDA	307.73	15.76●

Profitability

Metric	ARE	NNN
Gross margin	68.25%●	38.00%
Operating margin	-42.76%	63.13%●
Net margin	-35.30%	41.38%●
ROE	-6.50%	8.81%●
ROIC	-4.40%	6.39%●

Dividends

Metric	ARE	NNN
Dividend yield	5.22%	5.18%
Payout ratio	—	115.94%

Growth (annualized)

Metric	ARE	NNN
Revenue CAGR (5Y)	8.60%●	7.06%
EPS CAGR (5Y)	2.38%	11.15%●
Total return CAGR (5Y)	-18.02%	5.16%●

Frequently asked

Which is better, ARE or NNN?: It depends on your goal. growth: ARE (faster 5Y revenue CAGR); quality: NNN (higher ROIC). Across all compared metrics, NNN leads 8 to 4.
Which has grown faster, ARE or NNN?: Over the past five years, ARE grew revenue faster — ARE at a 8.60% CAGR versus NNN at 7.06%.
Does ARE or NNN pay a bigger dividend?: ARE yields 5.22% and NNN yields 5.18% based on trailing dividends and the latest price.
Is ARE or NNN more profitable?: NNN runs the higher net margin — ARE at -35.30% versus NNN at 41.38%.
Which has been the better investment, ARE or NNN?: Over the past 10-year, NNN delivered the higher annualized total return — ARE at -2.29% versus NNN at 4.74%. Past performance doesn't predict future results.

Go deeper

Full ARE analysis Full NNN analysis Interactive comparison tool

Dig into the metrics

Alexandria Real Estate Equities P/E ratio NNN REIT P/E ratio Alexandria Real Estate Equities dividend yield NNN REIT dividend yield Alexandria Real Estate Equities ROE NNN REIT ROE Alexandria Real Estate Equities operating margin NNN REIT operating margin Alexandria Real Estate Equities revenue growth NNN REIT revenue growth Alexandria Real Estate Equities free cash flow NNN REIT free cash flow

Alexandria Real Estate Equities & NNN REIT appear in these rankings

Highest Dividend Yield Stocks Dividend Aristocrats 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.