Company Valuation: Alexandria Real Estate Equities, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 34,551 23,903 22,030 17,048 8,458 8,937 - -
Change - -30.82% -7.84% -22.61% -50.39% 5.66% - -
Enterprise Value (EV) 1 42,981 33,237 32,727 28,740 20,310 19,075 18,967 19,034
Change - -22.67% -1.54% -12.18% -29.33% -6.08% -0.57% 0.35%
P/E ratio 58.4x 45.8x 235x 54.2x -5.8x 27.8x -103x -271x
PBR 2.02x 1.31x 1.17x 0.94x 0.54x 0.54x 0.56x 0.58x
PEG - -2.7x -2.8x 0x 0x -0x 1x 4.4x
Capitalization / Revenue 16.3x 9.23x 7.63x 5.47x 2.79x 3.37x 3.34x 3.16x
EV / Revenue 20.3x 12.8x 11.3x 9.22x 6.71x 7.2x 7.08x 6.74x
EV / EBITDA 32.1x 20.4x 17.9x 14.1x 10.2x 12x 12.5x 12x
EV / EBIT 83x 53.1x 44.6x 34.4x 31.9x 50.2x 53.1x 47.2x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 4.48 4.72 4.96 5.19 4.68 2.88 2.85 2.888
Rate of return 2.01% 3.24% 3.91% 5.32% 9.56% 5.62% 5.56% 5.63%
EPS 2 3.82 3.18 0.54 1.8 -8.44 1.848 -0.4976 -0.1894
Distribution rate 117% 148% 919% 288% -55.5% 156% -573% -1,525%
Net sales 1 2,114 2,589 2,886 3,116 3,027 2,651 2,678 2,824
EBITDA 1 1,339 1,629 1,827 2,039 1,987 1,587 1,515 1,588
EBIT 1 518.1 626.4 733.7 836.4 636.4 380.2 357.3 403
Net income 1 563.4 513.3 92.44 309.6 -1,438 323.8 -97.42 -78.29
Net Debt 1 8,431 9,335 10,697 11,692 11,851 10,139 10,031 10,098
Reference price 2 222.96 145.67 126.77 97.55 48.94 51.28 51.28 51.28
Nbr of stocks (in thousands) 154,964 164,087 173,775 174,762 172,825 174,269 - -
Announcement Date 1/31/22 1/30/23 1/29/24 1/27/25 1/26/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
27.75x7.2x12.02x5.62% 8.94B
38.72x15.31x15.9x5.38% 56.73B
9.18x12.56x15.58x5.61% 16.29B
18.76x16.2x23.7x5.28% 14B
8.55x20.39x22.82x4.6% 12.9B
9.13x13.07x15.69x5.68% 11.47B
31.81x11.4x17.98x3.71% 10.59B
7.81x22.09x29.76x2.87% 10.57B
15.81x12.21x19.07x6.18% 9.56B
9.52x15.31x20.44x7.3% 6.84B
Average 17.70x 14.57x 19.30x 5.22% 15.79B
Weighted average by Cap. 23.48x 14.90x 18.35x 5.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. ARE Stock
  4. Valuation Alexandria Real Estate Equities, Inc.