Alexandria Real Estate Equities, Inc. (ARE) vs Sunstone Hotel Investors, Inc. (SHO)
A side-by-side comparison of Alexandria Real Estate Equities, Inc. and Sunstone Hotel Investors, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 3, 2026. Differences are shown without an overall score or investment verdict.
Total return — ARE vs SHO
growth of $100 · dividends reinvested · last 10yARE vs SHO: by the numbers
- •ARE is the larger company ($9.22B vs $2.06B market cap).
- •SHO is profitable (5.30% net margin) while ARE runs a net loss (-30.57%).
- •SHO grew revenue faster over the past five years (33.78% vs 8.23% CAGR).
- •ARE pays the higher dividend yield (6.60% vs 3.27%).
Metrics side by side
Valuation
| Metric | ARE | SHO |
|---|---|---|
| P/E ratio | N/A | 44.66 |
| Forward P/E | 34.77 | 37.09 |
| P/S ratio | 3.36 | 2.03 |
| P/B ratio | 0.64 | 1.09 |
| EV / EBITDA | N/A | 12.88 |
| FCF yield | 8.82% | 5.67% |
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 Sunstone Hotel Investors, 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 | SHO |
|---|---|---|
| Gross margin | 69.46% | 4.75% |
| Operating margin | -45.72% | 9.03% |
| Net margin | -30.57% | 5.30% |
| ROE | -5.81% | 2.82% |
| ROIC | -4.46% | 2.97% |
Dividends
| Metric | ARE | SHO |
|---|---|---|
| Dividend yield | 6.60% | 3.27% |
| Payout ratio | N/A | 849.06% |
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.
Sunstone Hotel Investors, 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 | SHO |
|---|---|---|
| Revenue CAGR (5Y) | 8.23% | 33.78% |
| FCF CAGR (5Y) | 9.89% | N/A |
| Total return CAGR (5Y) | -20.61% | 1.50% |
Frequently asked
- Which has grown faster, ARE or SHO?
- Over the past five years, SHO grew revenue faster — ARE at a 8.23% CAGR versus SHO at 33.78%.
- Does ARE or SHO pay a bigger dividend?
- ARE yields 6.60% and SHO yields 3.27% based on trailing dividends and the latest price.
- Is ARE or SHO more profitable?
- SHO runs the higher net margin — ARE at -30.57% versus SHO at 5.30%.
- How have ARE and SHO total returns compared?
- Over the past 10 years, ARE delivered -3.84% and SHO delivered 0.68% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Alexandria Real Estate Equities & Sunstone Hotel Investors 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 3, 2026.