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NYSE

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Real Estate, Office REITs

$49.74

close 7 Aug 2026

-30.78%

52-week change

$8.67B

market cap

$39.41

$88.24

52-week range

Expected price

$34.86 – $42.61

Current price

$49.74

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)-8.21x

P/S (TTM)3.05x

P/B0.56x

EV/EBITDA (TTM)42.29x

FCF yield (TTM)16.28%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average75.10x

P/E, sector median34.68x*

Price at 5-year median P/E—*

Indicated dividend yield5.79%

Forward — analyst consensus

Forward P/E (FY2026)27.69x*

Forward P/E (FY2027)—

Forward PEG—*

Consensus EPS FY2026 (3 analysts)$1.80

EPS growth (FY2026→FY2027)—

Revenue growth (FY2026)-13.25%

Street view

Price target (mean)$51.79*

Target upside4.11%

Ratings (buy / hold / sell)2 / 12 / 2

FY2026 EPS revisions, 30d (up / down)1 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

10Y CAGR +31.18%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$49.74

Cash & equivalents$470.45M

Total debt$12.81B

Shares outstanding174.25M

Result

DCF price per share$777.57

Current price$49.74

Margin of safety+1,463.26%

PV of years 1–10$34.38B

PV of terminal value$113.45B

Equity value$135.49B

Market-implied growth-0.39%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.76B	$2.20B	$2.76B	$3.45B	$4.31B	$5.38B	$6.73B	$8.41B	$10.51B	$13.14B	$244.92B
PV	$1.63B	$1.89B	$2.19B	$2.53B	$2.93B	$3.39B	$3.93B	$4.54B	$5.26B	$6.09B	$113.45B

period to 30 Jun 2026, filed 3 Aug 2026, close 7 Aug 2026