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 8,062 - -
Change - -30.82% -7.84% -22.61% -50.39% -4.69% - -
Enterprise Value (EV) 1 42,981 33,237 32,727 28,740 20,310 18,610 18,252 18,156
Change - -22.67% -1.54% -12.18% -29.33% -8.37% -1.93% -0.52%
P/E ratio 58.4x 45.8x 235x 54.2x -5.8x 31.9x -106x -172x
PBR 2.02x 1.31x 1.17x 0.94x 0.54x 0.42x 0.51x 0.53x
PEG - -2.7x -2.8x 0x 0x -0x 1x 4.5x
Capitalization / Revenue 16.3x 9.23x 7.63x 5.47x 2.79x 3.1x 3x 2.87x
EV / Revenue 20.3x 12.8x 11.3x 9.22x 6.71x 7.15x 6.79x 6.46x
EV / EBITDA 32.1x 20.4x 17.9x 14.1x 10.2x 12x 11.8x 11x
EV / EBIT 83x 53.1x 44.6x 34.4x 31.9x 44x 45x 38.6x
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% 6.23% 6.16% 6.24%
EPS 2 3.82 3.18 0.54 1.8 -8.44 1.449 -0.4371 -0.2692
Distribution rate 117% 148% 919% 288% -55.5% 199% -652% -1,073%
Net sales 1 2,114 2,589 2,886 3,116 3,027 2,603 2,688 2,810
EBITDA 1 1,339 1,629 1,827 2,039 1,987 1,554 1,550 1,647
EBIT 1 518.1 626.4 733.7 836.4 636.4 423.4 406 470
Net income 1 563.4 513.3 92.44 309.6 -1,438 311.3 -96.85 -75.46
Net Debt 1 8,431 9,335 10,697 11,692 11,851 10,548 10,190 10,094
Reference price 2 222.96 145.67 126.77 97.55 48.94 46.26 46.26 46.26
Nbr of stocks (in thousands) 154,964 164,087 173,775 174,762 172,825 174,269 - -
Announcement Date 31/01/22 30/01/23 29/01/24 27/01/25 26/01/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.92x7.15x11.97x6.23% 8.06B
41.7x15.56x15.85x5.3% 57.74B
9.56x12.78x15.84x5.38% 17.29B
18.77x16.51x24.03x5.18% 14.56B
8.93x20.48x22.91x4.57% 13.22B
8.75x13.11x15.65x5.71% 11.64B
9.58x22.1x30.05x2.89% 10.74B
35.46x10.96x17.23x3.93% 9.99B
15.57x12.25x19.11x6.2% 9.77B
8.49x14.94x21.54x7.07% 7.22B
Average 18.87x 14.58x 19.42x 5.24% 16.02B
Weighted average by Cap. 24.93x 15.07x 18.46x 5.2%

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

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