Alexandria Real Estate Equities, Inc. (ARE)
Real Estate · REIT - Office · Data as of 2026-10-22
Bottom line
ARE is trading at a discount to its history, in the middle of its recent price range, and recent volume suggests money flowing out. The picture is mixed, so it may be worth watching rather than acting on. Past patterns are not a guarantee of future results.
Valuation — Trading below its usual book-value multiple (Green)
For financial companies we look at price versus book value. ARE trades at 0.5× book value, against its own typical 1.2× while earning a -6% return on equity. One caution: its return on equity is modest, so the discount may be deserved.
Price zones — In the middle of its recent range (Yellow)
At $43.33, the stock sits between its recent support and resistance levels. Over the past year ARE has traded between $39.41 and $78.51; its historical support zone sits near $39.41 and resistance near $49.00. It is below both its 50- and 200-day averages, which has historically signalled a downtrend.
52-week range $39.41–$78.51 · 50-day average $49.00 · 200-day average $49.93
Money flow — Money is flowing out (Red)
Recent trading in ARE shows more volume on falling days than rising days, a pattern often described as distribution. Volume on up days has been about 0.8× volume on down days over the last 30 sessions.
Dividends & company facts
ARE paid $2.88 a share in dividends over the past year — 6.7% of today's price — and raised it 7 times in the last five years. It also bought back shares: $208 million in fiscal 2025, about 2.8% of its market value.
- Dividend yield (12 months)
- 6.65%
- Paid over 12 months
- $2.88 a share
- Buybacks
- 2.76% (fiscal 2025)
- Shares, past year
- +10.7%
- Revenue, 12 months
- $3.0B
- Profit, 12 months
- $-904M
- Employees
- 514
- CEO
- Peter Moglia
- Headquarters
- Pasadena, CA
- Listed since
- 1997 · NYSE
About the company
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. Since its inception in 1994, Alexandria has uniquely focused on the ownership, operation, and development of integrated campuses tailored for the life science, technology, and agtech sectors, strategically positioned within premier innovation ecosystems.
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一句话结论
ARE 相对自身历史处于折价水平，处于近期价格区间的中部，近期成交量显示资金正在流出。整体情况好坏参半，也许更适合先观察，而不是急于行动。过去的形态并不能保证未来的结果。
估值 — 低于其惯常的市净率水平
对金融公司，我们看的是价格与账面价值的关系。ARE 的市净率为 0.5×，而它自身惯常的水平是 1.2×，同时取得 -6% 的净资产收益率。有一点需要留意：它的净资产收益率并不高，因此这份折价可能是有原因的。
价格区间 — 处于近期区间的中部
目前价格为 $43.33，位于其近期的支撑位与阻力位之间。过去一年 ARE 的价格在 $39.41 到 $78.51 之间波动；其历史支撑区在 $39.41 附近，阻力区在 $49.00 附近。它同时位于 50 日和 200 日均线下方，这在历史上通常对应下降趋势。
资金流向 — 资金正在流出
ARE 近期下跌日的成交量高于上涨日，这种形态常被称为派发。过去 30 个交易日，上涨日的成交量约为下跌日的 0.8×。
股息与公司概况
ARE 过去一年每股派息 2.88 美元，相当于当前股价的 6.7%，过去五年上调过 7 次。它也回购了股票：2025 财年回购 2.1亿美元，约占市值的 2.8%。
UnderTheLight 用直白的语言解释股票——估值、价格区间与资金流向。它只描述数据，不构成任何投资建议。
UnderTheLight explains stocks in plain English — valuation, price zones and money flow as traffic lights, recomputed nightly. It describes data; it is not investment advice and never recommends a trade.