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Alexandria Real Estate EquitiesPrevious close
40.20
Change
−0.40 / −0.99%
Market Cap
$7.0B
1M
−15.30%
S&P 500 −0.91% over same period
Volume / Avg Volume
2.3M / 3.2M
0.71× average
Latest earnings analysisFY2026 Q3Reported 2026-10-26
Alexandria 3Q26: $637.9 million impairment drives a $3.74 GAAP loss per share
Alexandria's third quarter looks ugly on the bottom line: a $637.9 million impairment on assets held for sale turned $1.54 of adjusted FFO per share into a $3.74 GAAP loss. Revenue fell to $671.2 million from $751.9 million a year earlier, and same-property NOI is still shrinking. Read the GAAP loss as an accounting write-down rather than cash leaving the business, and judge the quarter on leasing, occupancy and leverage instead.
Read the full analysis →Revenue$0.67B
EPS (non-GAAP)$1.54
Next-day move−5.85%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-26 | $671M | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-08-03 | $663M | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-27 | $671M | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-26 | $3.0B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-27 | $752M | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-21 | $762M | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-28 | $758M | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
A 5-year P/E range needs a longer earnings record; not yet comparable
Last 4 quarters: $0 in buybacks + $598M in dividends, 8.55% of market cap combined
P/E (TTM)
—
P/B
0.5
P/S
2.6
Dividend Yield
4.72%
Earnings Reaction
Over the last 7 reports, the stock moved ±7.8% on average on the first trading day after, rising 2 times
Most recent −5.85%
Volatility & Correlation
1-year beta 0.75 · Correlation with S&P 500 0.22Tracks the market
Annualized volatility 44% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 2 · $0.48MSell 2 · $1.4MNet selling $0.88M
- 09-11MARCUS JOEL SExecutive ChairmanBuy$0.25M5,000 shares · Avg price 49.68
- 09-11Fukuzaki-Carlson KristinaEVP - Business OperationsSell$0.85M16,810 shares · Avg price 50.51
- 08-31Gavinet AndresChief Accounting OfficerSell$0.51M10,000 shares · Avg price 50.93
- 08-17MARCUS JOEL SExecutive ChairmanBuy$0.23M5,000 shares · Avg price 46.28
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 0.67 | −10.7% | — | -0.64 | -3.74 |
| FY2026 Q2 | 0.66 | −13.0% | — | -0.07 | -0.43 |
| FY2026 Q1 | 0.67 | −11.5% | — | 0.36 | 2.10 |
| FY2025 Q4 | 0.75 | −4.4% | — | -1.08 | -6.35 |
| FY2025 Q3 | 0.75 | −5.0% | — | -0.23 | -1.38 |
| FY2025 Q2 | 0.76 | −0.6% | — | -0.11 | -0.64 |
| FY2025 Q1 | 0.76 | −1.4% | — | -0.01 | -0.07 |
| FY2024 Q4 | 0.79 | +4.2% | — | -0.06 | -0.38 |
| FY2024 Q3 | 0.79 | +10.9% | — | 0.17 | 0.96 |
| FY2024 Q2 | 0.77 | +7.4% | — | 0.05 | 0.25 |
| FY2024 Q1 | 0.77 | +9.7% | — | 0.17 | 0.97 |
| FY2023 Q4 | 0.76 | +13.0% | — | -0.09 | -0.54 |