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Q1 '26Q4 '25Q3 '25Q2 '25Q1 '25
Profitability
Net margin-36%+11.2pp-47.2%-35.8pp-11.4%-13.1pp1.7%-4.9pp6.6%-5.7pp
Free cash flow margin36.5%+1.0pp35.5%-0.3pp35.8%-1.3pp37.1%+2.4pp34.7%+1.3pp
Returns
Return on equity-6.4%+2.2pp-8.6%-6.6pp-2%-2.3pp0.3%-0.9pp1.1%-1.0pp
Return on assets-3%+1.0pp-4%-3.1pp-0.9%-1.1pp0.1%-0.4pp0.5%-0.5pp
Efficiency
Asset turnover0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×0.1×0.0×
Leverage
Debt-to-equity0.0×0.0×0.0×0.0×0.0×
Debt-to-assets0.0×0.0×0.0×0.0×0.0×
Valuation
Market capitalization$8.04B-4.9%$8.46B-40.6%$14.23B+9.1%$13.04B-18.6%$16.01B-6.1%
Enterprise value$7.98B-3.4%$8.27B-41.0%$14.01B+8.8%$12.88B-19.0%$15.91B-6.4%
Price / sales2.7×-0.1×2.8×-1.9×4.6×+0.4×4.2×-1.0×5.2×-0.3×
Price / book0.5×0.0×0.5×-0.3×0.9×+0.1×0.8×-0.2×0.9×0.0×
EV / sales2.7×0.0×2.7×-1.8×4.6×+0.4×4.2×-1.0×5.1×-0.3×
Free cash flow yield13.3%+0.6pp12.7%+5.0pp7.7%-1.1pp8.8%+2.1pp6.7%+0.6pp
Earnings yield-13.2%+3.7pp-16.9%-14.5pp-2.5%-2.8pp0.4%-0.9pp1.3%-1.0pp
Dividend yield10%-0.8pp10.8%+4.4pp6.4%-0.6pp7%+1.3pp5.7%+0.4pp

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Questions, answered.

Where do Alexandria Real Estate Equities's ratios come from?
Every ratio is computed from Alexandria Real Estate Equities's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.