NYSE: ARE · Office REITs
Alexandria Real Estate Equities (ARE) fair value and price range
As of 26 Sep 2026, Faircurve's model values Alexandria Real Estate Equities (ARE) at $22.39 a share. The stock last closed at $47.37, which puts the model's fair value 52.7% below the price. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
Revalued . Price is the close of 2 Oct 2026. Alexandria Real Estate Equities, Inc.
Faircurve Insights · 26 Sep 2026
Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500® real estate investment trust, and it is the pioneering and most seasoned entity in urban office properties.
On 26 Sep 2026, Faircurve's model gave a fair value of $22.39 a share. This fair value blends a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The previous run, on 19 Sep 2026, gave $21.23, so the fair value moved +5.5%. The model's calibrated range over 63 trading days is $18.78 to $27.30, and ranges built this way held the price 60% of the time at this horizon. The model grades the evidence behind this valuation as low, so no verdict is shown.
Faircurve's model compares Alexandria Real Estate Equities, Inc. with BXP, Inc. (BXP), Vornado Realty Trust (VNO), Cousins Properties Incorporated (CUZ), Kilroy Realty Corporation (KRC), COPT Defense Properties (CDP), SL Green Realty Corp. (SLG), Highwoods Properties, Inc. (HIW), and Douglas Emmett, Inc. (DEI). The moves around the last 8 earnings reports, from the close before each report to the close after it, had a median size, ignoring direction, of 4.3%.
Written from the figures on this page for the 26 Sep 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
What price range does the model give ARE?
The calibrated range for ARE over 63 trading days is $18.78 to $27.30. There is no live options data for this stock, so the range is built from the fair value and calibrated weekly against realised prices (n = 4,327 past valuations, refreshed 26 Sep 2026). Ranges built this way held the price 60% of the time at this horizon.
The price is above this range. For names with fair value 15%+ below price, the calibrated range has held the price 40% of the time over 63 trading days, and 58% ended above it; the typical move was −0.1%.
The model's own range is $20.78 to $24.18.
How does ARE compare with similar companies?
The companies in office reits closest to Alexandria Real Estate Equities in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| BXP BXP, Inc. | $60.45 | $46.60 | -22.9% | Low evidence grade |
| VNO Vornado Realty Trust | $33.73 | $16.64 | -50.7% | No verdict on this run |
| CUZ Cousins Properties Incorporated | $28.01 | $19.58 | -30.1% | No verdict on this run |
| KRC Kilroy Realty Corporation | $33.63 | $31.45 | -6.5% | Low evidence grade |
| CDP COPT Defense Properties | $33.57 | $21.51 | -35.9% | No verdict on this run |
| SLG SL Green Realty Corp. | $48.81 | $23.75 | -51.3% | Low evidence grade |
| HIW Highwoods Properties, Inc. | $29.67 | $29.44 | -0.8% | Low evidence grade |
| DEI Douglas Emmett, Inc. | $9.82 | $13.46 | +37.1% | Low evidence grade |
When does ARE report earnings, and how has the stock reacted?
Alexandria Real Estate Equities's next earnings report is scheduled for 26 Oct 2026. Companies can move their dates.
Options prices on 2 Oct 2026 imply a move of about 14.1% in either direction through the nearest expiry, about 48 days out, a window that includes the report. That is the size the market is pricing, not a direction.
How ARE moved around its last 8 earnings reports
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across these 8 reports, ignoring direction, was 4.3%.
| Report date | Two session move |
|---|---|
| 3 Aug 2026 | -5.0% |
| 27 Apr 2026 | -14.7% |
| 26 Jan 2026 | -2.6% |
| 27 Oct 2025 | -18.7% |
| 21 Jul 2025 | +3.2% |
| 28 Apr 2025 | -4.4% |
| 27 Jan 2025 | -4.3% |
| 21 Oct 2024 | -3.1% |
Alexandria Real Estate Equities at a glance
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.
- Market value
- $8.7B
- Sector
- Real Estate
- Industry
- Office REITs
- Beta to the US market
- 0.58
- First valued by Faircurve
- 4 Jul 2026
How the fair value is worked out: the model values Alexandria Real Estate Equities in up to three ways and blends those that could be applied; the range around the fair value comes from 2,000 simulations of the dividend model. The full method is documented here.
What changed in the latest valuation?
On 19 Sep 2026 the model's fair value for ARE was $21.23. As of 26 Sep 2026 it is $22.39, a change of +5.5%. The model revalues every stock it covers each week, and again after an earnings report.
Questions about Alexandria Real Estate Equities's valuation
Is Alexandria Real Estate Equities stock undervalued or overvalued?
Faircurve's model puts ARE's fair value at $22.39 a share against a last close of $47.37, as of 26 Sep 2026. The model grades the evidence behind this valuation as low, so no verdict is shown. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It does not say how likely the fair value is to be right.
What is ARE's fair value?
$22.39 a share as of 26 Sep 2026. The fair value blends the valuation methods that could be applied, out of three: a cash-flow multiple against comparable companies, a dividend model, and the value of the properties. The model's own range is $20.78 to $24.18.
What price range does the model give ARE?
$18.78 to $27.30 over 63 trading days. Ranges built this way held the price 60% of the time across 4,327 past valuations, refreshed 26 Sep 2026.
When does Alexandria Real Estate Equities report earnings next?
The next report is scheduled for 26 Oct 2026. Companies can move their dates.
How much has ARE moved on past earnings reports?
Across its last 8 reports the median two session move was 4.3%, ignoring direction. The largest was -18.7% around the report of 27 Oct 2025.
How confident is the model in this valuation?
The model's evidence grade for ARE is low. For real estate investment trusts (REITs) the grade looks at how many valuation methods could be applied and whether they agree with each other, and how many comparable companies there are. It is not a probability that the fair value is right, or that the price reaches it.