Alexandria Real Estate Equities, Inc. (ARE) vs Rexford Industrial Realty, Inc. (REXR)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and Rexford Industrial Realty, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.
Total return — ARE vs REXR
growth of $100 · dividends reinvested · last 10yARE vs REXR: by the numbers
- •REXR is the larger company ($8.39B vs $8.26B market cap).
- •Both run net losses; ARE's is the smaller (-30.57% vs -39.74% net margin).
- •REXR grew revenue faster over the past five years (21.19% vs 8.23% CAGR).
- •ARE pays the higher dividend yield (7.40% vs 4.73%).
Metrics side by side
Valuation
| Metric | ARE | REXR |
|---|---|---|
| Forward P/E | 31.37 | N/A |
| P/S ratio | 2.79 | 8.52 |
| P/B ratio | 0.53 | 1.11 |
| EV / EBITDA | N/A | 16.90 |
| FCF yield | 10.61% | 2.71% |
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 Rexford Industrial Realty, 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.
Profitability
| Metric | ARE | REXR |
|---|---|---|
| Gross margin | 69.46% | 77.30% |
| Operating margin | -45.72% | 39.57% |
| Net margin | -30.57% | -39.74% |
| ROE | -5.81% | -5.19% |
| ROIC | -4.23% | 3.46% |
Dividends
| Metric | ARE | REXR |
|---|---|---|
| Dividend yield | 7.40% | 4.73% |
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.
Rexford Industrial Realty, 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.
Growth (annualized)
| Metric | ARE | REXR |
|---|---|---|
| Revenue CAGR (5Y) | 8.23% | 21.19% |
| EPS CAGR (5Y) | N/A | 11.02% |
| FCF CAGR (5Y) | N/A | 13.91% |
| Total return CAGR (5Y) | -21.13% | -5.80% |
Frequently asked
- Which has grown faster, ARE or REXR?
- Over the past five years, REXR grew revenue faster — ARE at a 8.23% CAGR versus REXR at 21.19%.
- Does ARE or REXR pay a bigger dividend?
- ARE yields 7.40% and REXR yields 4.73% based on trailing dividends and the latest price.
- How have ARE and REXR total returns compared?
- Over the past 10 years, ARE delivered -4.59% and REXR delivered 7.51% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities & Rexford Industrial Realty 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 October 2, 2026.