For REITs like Alexandria Real Estate Equities, Inc., GAAP-based multiples are shown for reference — real-estate companies are conventionally valued on funds from operations (FFO / AFFO).
The latest delayed quote for Alexandria Real Estate Equities, Inc. (ARE) stock was $48.12 as of Aug 11, 2026, 3:59 PM EDT, down 0.48% from the previous close.
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® real estate investment trust, stands as the pioneering and most seasoned entity in the specialized domain of urban office properties.
Alexandria Real Estate Equities, Inc. is a REIT, so it's valued on FFO/AFFO and price-to-FFO, not GAAP P/E — heavy non-cash property depreciation distorts reported earnings. FFO ≈ net income + real-estate depreciation; AFFO also nets recurring capital expenditure.
Price / FFO
23.9x
Price / AFFO
N/A
FFO (TTM)
$345.38M
AFFO (TTM)
$-57.93M
FFO / Share
$2.03
AFFO / Share
$-0.34
ARE Revenue by Segment
How ARE’s revenue breaks down across its reported segments in the latest reported fiscal year.
By product / business (FY 2025)
Rental revenues$2.95B99.1%
Product and Service, Other$81.38M2.7%
By geography (FY 2016)
Asia$10.99M56.7%
North America$8.38M43.3%
Shares are of reported segments and may not sum to total company revenue.
