Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the debt to equity ratio high or low?
The debt to equity ratio of 0.82 is 19% above its 5-year average of 0.69, near the high end of its 5-year range (0.56–0.84).
As of the fiscal period ended Tuesday, June 30, 2026. 0.43% above its 12-month average of 0.82.
Reported quarterly debt to equity ratio; no daily interpolation.
DEBT TO EQUITY RATIO
0.82
DEBT TO EQUITY RATIO AVG TTM
0.82
DEBT TO EQUITY RATIO AVG 3Y
0.74
DEBT TO EQUITY RATIO AVG 5Y
0.69
DEBT TO EQUITY RATIO AVG 10Y
0.77
DEBT TO EQUITY RATIO AVG 15Y
0.81
DEBT TO EQUITY RATIO AVG 20Y
0.82
CURRENT VS TTM AVG
+0.43%
CURRENT VS 3Y AVG
+11.86%
CURRENT VS 5Y AVG
+19.20%
CURRENT VS 10Y AVG
+7.09%
CURRENT VS 15Y AVG
+2.24%
CURRENT VS 20Y AVG
+0.16%
SECTOR MEDIAN · REAL ESTATE
0.82
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
+0.46%
vs the sector median at left
Alexandria Real Estate Equities, Inc.
Market Cap
$8.39B
Debt to Equity Ratio
0.82
TTM Avg
0.82
3Y Avg
0.74
5Y Avg
0.69
Market Cap
$8.35B
Debt to Equity Ratio
0.93
TTM Avg
0.90
3Y Avg
0.88
5Y Avg
0.86
Market Cap
$8.81B
Debt to Equity Ratio
0.60
TTM Avg
0.52
3Y Avg
0.48
5Y Avg
0.50
Market Cap
$7.26B
Debt to Equity Ratio
0.11
TTM Avg
0.23
3Y Avg
0.27
5Y Avg
0.28
Market Cap
$10.08B
Debt to Equity Ratio
1.44
TTM Avg
1.50
3Y Avg
1.52
5Y Avg
1.58
Market Cap
$10.89B
Debt to Equity Ratio
1.28
TTM Avg
0.82
3Y Avg
0.78
5Y Avg
0.80
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Alexandria Real Estate Equities, Inc. (ARE) | $8.39B | 0.82 | 0.82 | 0.74 | 0.69 |
| First Industrial Realty Trust, Inc. (FR)vs › | $8.35B | 0.93 | 0.90 | 0.88 | 0.86 |
| NNN REIT, Inc. (NNN)vs › | $8.63B | N/A | 1.04 | 1.02 | 0.97 |
| Agree Realty Corporation (ADC)vs › | $8.81B | 0.60 | 0.52 | 0.48 | 0.50 |
| CubeSmart (CUBE)vs › | $9.25B | 1.37 | 1.18 | 1.13 | 1.16 |
| Terreno Realty Corporation (TRNO)vs › | $7.26B | 0.11 | 0.23 | 0.27 | 0.28 |
| Federal Realty Investment Trust (FRT)vs › | $10.08B | 1.44 | 1.50 | 1.52 | 1.58 |
| BXP, Inc. (BXP)vs › | $10.77B | 3.17 | 3.29 | 2.95 | 2.72 |
| Camden Property Trust (CPT)vs › | $10.89B | 1.28 | 0.82 | 0.78 | 0.80 |
| UDR, Inc. (UDR)vs › | $11.98B | 2.04 | 1.81 | 1.63 | 1.63 |
Debt/Equity
0.82
Current Ratio
0.11
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2026-06-30 | 0.82 |
| 2026-03-31 | 0.82 |
| 2025-12-31 | 0.82 |
| 2025-09-30 | 0.84 |
| 2025-06-30 | 0.80 |
| 2025-03-31 | 0.77 |
| 2024-12-31 | 0.71 |
| 2024-09-30 | 0.73 |
| 2024-06-30 | 0.70 |
| 2024-03-31 | 0.68 |
| 2023-12-31 | 0.63 |
| 2023-09-30 | 0.62 |
| 2023-06-30 | 0.62 |
| 2023-03-31 | 0.63 |
| 2022-12-31 | 0.56 |
| 2022-09-30 | 0.62 |
| 2022-06-30 | 0.62 |
| 2022-03-31 | 0.63 |
| 2021-12-31 | 0.57 |
| 2021-09-30 | 0.65 |
| 2021-06-30 | 0.65 |
| 2021-03-31 | 0.68 |
| 2020-12-31 | 0.67 |
| 2020-09-30 | 0.76 |
| 2020-06-30 | 0.83 |
| 2020-03-31 | 0.82 |
| 2019-12-31 | 0.80 |
| 2019-09-30 | 0.90 |
| 2019-06-30 | 0.87 |
| 2019-03-31 | 0.80 |
| 2018-12-31 | 0.75 |
| 2018-09-30 | 0.85 |
| 2018-06-30 | 0.89 |
| 2018-03-31 | 0.85 |
| 2017-12-31 | 0.82 |
| 2017-09-30 | 0.91 |
| 2017-06-30 | 0.94 |
| 2017-03-31 | 0.91 |
| 2016-12-31 | 0.86 |
| 2016-09-30 | 1.11 |
| 2016-06-30 | 1.01 |
| 2016-03-31 | 1.06 |
| 2015-12-31 | 1.00 |
| 2015-09-30 | 1.15 |
| 2015-06-30 | 1.08 |
| 2015-03-31 | 1.04 |
| 2014-12-31 | 0.96 |
| 2014-09-30 | 0.90 |
| 2014-06-30 | 0.85 |
| 2014-03-31 | 0.83 |
| 2013-12-31 | 0.78 |
| 2013-09-30 | 0.73 |
| 2013-06-30 | 0.75 |
| 2013-03-31 | 0.93 |
| 2012-12-31 | 0.93 |
| 2012-09-30 | 0.88 |
| 2012-06-30 | 0.88 |
| 2012-03-31 | 0.83 |
| 2011-12-31 | 0.83 |
| 2011-09-30 | 0.79 |
| 2011-06-30 | 0.75 |
| 2011-03-31 | 0.91 |
| 2010-12-31 | 0.88 |
| 2010-09-30 | 0.88 |
| 2010-06-30 | 1.07 |
| 2010-03-31 | 0.51 |
| 2009-12-31 | 1.18 |
| 2009-09-30 | 0.50 |
| 2009-06-30 | 0.54 |
| 2009-03-31 | 1.44 |
| 2008-12-31 | 1.73 |
| 2008-09-30 | 1.61 |
| 2008-06-30 | 1.70 |
| 2008-03-31 | 1.55 |
| 2007-12-31 | 1.85 |
| 2007-09-30 | 1.68 |
| 2007-06-30 | 1.73 |
| 2007-03-31 | 1.69 |
| 2006-12-31 | 1.50 |
| 2006-09-30 | 1.27 |
| 2006-06-30 | 1.15 |
| 2006-03-31 | 1.85 |
| 2005-12-31 | 1.70 |
| 2005-09-30 | 1.55 |
| 2005-06-30 | 1.82 |
| 2005-03-31 | 1.71 |
| 2004-12-31 | 1.91 |
| 2004-09-30 | 1.38 |
| 2004-06-30 | 1.13 |
| 2004-03-31 | 1.40 |
| 2003-12-31 | 1.40 |
| 2003-09-30 | 1.31 |
| 2003-06-30 | 1.39 |
| 2003-03-31 | 1.37 |
| 2002-12-31 | 1.27 |
| 2002-09-30 | 1.11 |
