InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$41.62

2026-10-16

Market Cap

$7.3B

Volume

2.2M

52-Wk High

$78.51

52-Wk Low

$39.41

Trailing PE

-7.5

P/S

2.45

Gross Margin

69.5%

Net Margin

-30.6%

ROE

-6%

ROIC

-4%

Piotroski

5/9

Altman Z

0.1

1-Yr Return

-44.7%

5-Yr Return

-64.5%

Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500Â® real estate investment trust, stands as the pioneering and most seasoned entity in the specialized domain of urban office properties. Since its inception in 1994, Alexandria has uniquely focused on the ownership, operation, and development of integrated campuses tailored for the life science, technology, and agtech sectors, strategically positioned within premier innovation ecosystems. By December 31, 2020, the company commanded a market capitalization of $31.9 billion and managed an extensive North American asset portfolio totaling 49.7 million square feet. This substantial base encompasses 31.9 million RSF of operational properties, 3.3 million RSF of premium Class A spaces currently under construction, 7.1 million RSF designated for near-to-mid-term development and refurbishment, and an additional 7.4 million SF earmarked for future projects. Alexandria has cultivated a significant footprint across vital innovation hubs such as Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Its established expertise lies in crafting superior Class A facilities within these urban campuses, fostering dynamic and collaborative environments. These spaces are instrumental in empowering innovative tenants to successfully attract and retain world-class professionals, thereby stimulating productivity, efficiency, creativity, and overall achievement. Furthermore, Alexandria extends its support to transformative life science, technology, and agtech companies through its dedicated venture capital platform. This distinct business model, coupled with rigorous underwriting practices, ensures a diverse and high-caliber tenant roster, ultimately driving elevated occupancy rates, extended lease durations, robust rental revenues, superior financial returns, and enhanced long-term asset appreciation.

SectorReal EstateIndustryREIT - OfficeExchangeNYSEMarket Cap$7.3BEmployees514 (SEC-filed)CEOPeter MogliaIPO1997-05-28CountryUS

26 North Euclid Avenue, Pasadena, CA 91101-6104 · Tel 626-578-0777 · are.com

INSIDERSTREET SCORE24 / 100Street mean $49.00 (7 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALTWO-WAY FLOW$1.7M buys against $1.7M sells / 6 mo

1 Year vs S&P 500 · ARE -44.7% · S&P 500 +15.9% · spread -60.6pp

7 Years vs S&P 500 · ARE -64.5% · S&P 500 +189.9% · spread -254.4pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

INSIDERSTREET
SCORE24of 100

Score Breakdown

Profitability	23/100
Growth	31/100
Momentum	34/100
Quality	45/100
Earnings Quality	70/100
Balance Sheet	26/100
Value	50/100
Risk (safety)	15/100
Overall	24.0/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
VNO	27
BXP	36
CUZ	30
KRC	27
CDP	52
SLG	24
ARE	24

IS Score Trend — quarterly

14 quarters, 23 Q1 to 26 Q2. Peak 59 in 23 Q1, latest 24 — -35 since. Dropped below the 55 line in 23 Q3, at 44. Fell in 3 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY24 / 100IS Score 24.0 / 100 · -34.6 from peak of 59

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBEARISHTechnical Score 12 / 100 · Power -75 · 2 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

Both readings sit below the midpoint — business quality at 24 and price structure at 12 out of 100 — so they are not in conflict. The fundamentals and the tape are saying the same thing, which is the case in which either one alone would have been enough.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 24.0	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 29 → 28 → 31 → 24	the direction matters more than the level
Technical vote share back above 50%	now 0%	price structure no longer broken
Institutional holder count rises two quarters running	peak 707 → now 597	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score4 of 4top 0% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)2 buys2026-09-25

Insider Buys (180d)9$1.7M

ETF Funds (30d)569 up / 455 downnet +114 funds

Institutions Added (13F)26managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 707 · latest 597 (-110 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	597	172.6M	$9.0B	91.6%
2026 Q1	571	148.7M	$6.8B	78.9%
2025 Q4	600	166.0M	$8.0B	88.1%
2025 Q3	707	148.7M	$12.2B	79.0%
2025 Q2	670	161.6M	$11.6B	85.8%
2025 Q1	675	163.7M	$14.9B	86.9%
2024 Q4	661	165.6M	$15.9B	87.9%
2024 Q3	656	160.3M	$18.7B	85.1%
2024 Q2	676	162.8M	$18.8B	86.4%
2024 Q1	654	167.4M	$21.3B	88.9%
2023 Q4	656	168.7M	$21.1B	89.5%
2023 Q3	572	168.3M	$16.7B	89.3%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Moglia Peter M	Chief Executive Officer	2026-09-30	TAX W/H	1,068	$0.05M	370,886
Woronoff Michael A	director	2026-09-30	A-Award	896	—	29,401
Kuhn Hallie E.	EVP - Cap Market & Co-Lead -LS	2026-09-15	TAX W/H	914	$0.05M	47,387
Gossett Bret E.	EVP - Co-RMD	2026-09-15	TAX W/H	584	$0.03M	52,370
Thomas Gregory Calvin	EVP - CTO	2026-09-15	TAX W/H	1,096	$0.06M	31,928
Stevens Blake L.	Regional Market Director	2026-09-15	TAX W/H	471	$0.02M	29,064
Foger Jenna R.	EVP - Co-Lead - Life Science	2026-09-15	TAX W/H	1,086	$0.06M	67,272
Boss Michael E.	Co-Regional Market Director	2026-09-15	TAX W/H	1,462	$0.08M	51,345

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
S — Open-market sales	5	34,048	$1.7M	Counted
P — Open-market purchases	9	38,500	$1.7M	Counted
F — Tax withholding	33	43,399	$2.2M	None — compensation

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalTwo-Way Flow

Open-Market Sells$1.7M5 txns / 6 mo

Open-Market Buys$1.7M9 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2026-09-11	Fukuzaki-Carlson Kristina	16,810	$0.8M
2026-08-31	Gavinet Andres	10,000	$0.5M
2026-06-09	Binda Marc E	2,000	$0.1M
2026-04-17	Kuhn Hallie E.	536	$0.0M
Trailing 12 mo	6 filings	37,534	$2M

Filed	Form	Reporting person	% of class	Shares
2026-04-28	SCHEDULE 13G	Vanguard Portfolio Management	8.00%	13.9M sh
2026-04-24	SCHEDULE 13G/A	BlackRock, Inc.	8.70%	15.1M sh
2026-03-26	SCHEDULE 13G/A	The Vanguard Group	—	exit/reporting change

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	BUY	$1,001 - $15,000	2026-09-25	2026-10-09
Ro Khanna	House	BUY	$1,001 - $15,000	2026-09-11	2026-10-09
Gilbert Cisneros	House	BUY	$1,001 - $15,000	2026-04-14	2026-05-11
Thomas R. Carper	Senate	SELL	$1,001 - $15,000	2021-08-04	2021-09-01
Thomas R. Carper	Senate	SELL	$1,001 - $15,000	2021-08-04	2021-08-31
Thomas Richard Carper	Senate	SELL	$1,001 - $15,000	2021-08-04	2021-08-31

House 12-Mo18 trades13 purchases

Senate 12-Mo0 tradesNone purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)571

13F Shares149M78.9% of shares out

New / Closed90 / 105positions, QoQ

Increased / Reduced220 / 197positions, QoQ

Put/Call (13F)0.71option positions

Free Float88.8%155M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Fort Washington Investment Advisor	562,063	$27M
Gradient Investments Llc	342,617	$16M
Thompson Investment Management, In	207,626	$10M
Wealth Enhancement Advisory Servic	167,301	$7M
Tt Capital Management Llc	96,809	$5M
Banque Pictet & Cie Sa	70,811	$3M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VNQ	0.4%	$282M
VGSLX	0.4%	$282M
VGSNX	0.4%	$282M
VITSX	0.0%	$264M
VTI	0.0%	$264M
VTSAX	0.0%	$264M

13F Filers Holding ARE — quarterly

Institutional Put/Call — quarterly

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session44.4%2026-10-15

20-Day Avg58.5%50-day 58.8%

TrendFalling20d vs 50d

By Market CenterQ: 44% · N: 50% · B: 28%latest session

Weekly Notional ($B)

Where ARE Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Ubsa Ubs Ats	2.4M	49 sh
Incr Intelligent Cross Llc	2.2M	45 sh
Ebxl Level Ats	1.7M	33 sh
Mstx Ms Trajectory Cross (Ats-1)	1.5M	50 sh
Sgmt Sigma X2	1.3M	53 sh
Mlix Instinct X	1.3M	70 sh

Where a dollar of Alexandria Real Estate Equities, Inc. revenue goes. All values FY2025 filings, live.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

ARE (live moat model)Peer median: VNO · BXP · CUZ · KRC · CDP

Component scores from the live moat model. Peer median illustrative.

Moat score 48/100 — Weak; primary source Efficient Scale.

3.8 · Employees (SEC filings)

Officer	Title
Joel S. Marcus	Founder & Executive Chairman
Peter Moglia	Chief Executive Officer & Chief Investment Officer
Hunter L. Kass	Co-President & Regional Market Director of Greater Boston
Dean A. Shigenaga	Strategic Consultant

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)1 of 6recent quarters

Avg Surprise-482.9%

Next Report2026-10-26

Income QualityN/Mloss-making — OCF ÷ net income not meaningful

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+11.3%	+22.2%	+10.3%	+7.3%	-2.6%
Gross profit	+8.9%	+20.8%	+10.6%	+7.9%	-4.3%
Operating income	-58.4%	+19.8%	+12.5%	+11.5%	-256.2%
Net income	-25.9%	-8.7%	-80.1%	+211.6%	-543.0%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	2.1	2.6	2.8	3.0	3.0
Cost of revenue	0.6	0.8	0.9	0.9	0.9
Gross profit	1.5	1.8	2.0	2.1	2.0
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.2	0.2	0.2	0.2	0.1
Operating income	0.5	0.6	0.7	0.8	-1.2
EBITDA	1.6	1.8	1.4	1.9	0.4
D&A	0.8	1.0	1.1	1.2	1.4
Pretax income	0.7	0.7	0.3	0.5	-1.2
Income tax	0.0	0.0	0.0	0.0	0.0
Net income	0.6	0.5	0.1	0.3	-1.4
Diluted EPS ($)	2.83	3.18	0.54	1.80	-8.44
Diluted shares (M)	147	162	171	172	170

Operating CF$1B

CapEx$0B

Free cash flow$1B

SBC$0B

Buybacks$0B

Net cash change$-0B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.8	0.6	0.6	0.5
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	0.1	0.1	0.2	0.3
Total current assets	1.0	0.8	0.8	0.9
PP&E (net)	1.3	1.1	1.3	1.1
Goodwill + intangibles	0.0	0.0	0.3	0.0
Total assets	35.5	36.8	37.5	34.1
Accounts payable	0.4	0.5	0.5	0.5
Short-term debt	0.0	0.1	0.0	0.4
Deferred revenue	0.4	0.5	0.7	0.9
Total current liabilities	1.7	2.0	2.0	2.2
Long-term debt	10.2	11.2	12.2	12.0
Total liabilities	12.8	14.1	15.1	14.9
Shareholders' equity	22.7	22.6	22.4	19.2

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.7	0.3	0.5	(1.4)
D&A	0.9	1.0	1.1	1.4
Stock-based compensation	0.1	0.1	0.1	0.0
Working capital change	(0.1)	0.0	(0.2)	(0.3)
Operating cash flow	1.3	1.6	1.5	1.4
Capital expenditures	0.0	0.0	0.0	0.0
Investing cash flow	(5.1)	(2.5)	(1.5)	0.5
Buybacks	0.0	0.0	(0.1)	(0.2)
Dividends paid	(0.8)	(0.8)	(0.9)	(0.9)
Debt issuance / (repay)	1.4	1.2	0.9	0.1
Financing cash flow	4.2	0.7	(0.1)	(1.9)
Free cash flow	1.3	1.6	1.5	1.4

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	4.1%	3.1%	0.6%	1.8%	-8.6%	-6%
ROA	2.2%	1.7%	0.3%	0.9%	-4.0%	-2.6%
ROIC	2.9%	3.8%	2.3%	2.6%	-3.4%	-4.2%
Gross margin	70.4%	69.6%	69.8%	70.2%	68.9%	69.5%
Operating margin	24.3%	23.8%	24.3%	25.2%	-40.5%	-45.7%
Net margin	27.1%	20.3%	3.6%	10.6%	-48.2%	-30.6%
EBITDA margin	76.7%	68.6%	51.0%	62.3%	12.1%	14.4%
FCF margin	-200.0%	50.0%	43.6%	49.3%	47.6%	—
VALUATION
P/E	50.91	38.53	190.55	49.54	-5.83	-7.5
P/B	1.80	1.11	1.07	0.89	0.54	0.5
P/S	13.77	8.12	6.95	5.25	2.81	2.45
P/FCF	-6.88	16.23	15.94	10.63	5.90	8.3
EV/EBITDA	24.02	22.80	22.75	14.85	57.02	46.0
EV/Revenue	17.96	11.89	10.85	9.25	6.92	6.6
Earnings yield	2.0%	2.6%	0.5%	2.0%	-17.2%	-11.53%
FCF yield	-14.5%	6.2%	6.3%	9.4%	17.0%	12.08%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.41	0.58	0.39	0.40	0.43	0.11
Quick ratio	0.41	0.58	0.39	0.40	0.43	0.11
Debt / equity	0.57	0.56	0.63	0.71	0.82	0.82
Debt / assets	30.5%	29.7%	31.8%	34.0%	37.4%	37.0%
Net debt / EBITDA	5.61	7.22	8.18	6.42	33.88	29.00
Interest coverage	5.43	3.62	4.79	3.75	-4.37	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.08	0.08	0.08	0.08	0.08	0.09
Receivables turnover	287.19	345.05	359.24	417.20	454.20	386.0
DSO (days)	1	1	1	1	1	1
DPO (days)	234	210	194	213	207	1016
Cash conversion cycle	-232	-209	-193	-212	-206	-1015
GROWTH (YoY)
Revenue growth	12.5%	22.4%	9.9%	7.3%	-2.6%	—
Net income growth	-25.9%	-4.6%	-81.0%	211.6%	-543.0%	—
EPS growth	-35.7%	-11.0%	-81.6%	209.9%	-547.3%	—
FCF growth	-578.8%	130.6%	-4.3%	21.4%	-6.0%	—
PER SHARE ($)
EPS (diluted, TTM)	3.70	3.30	0.61	1.88	-8.40	-4.80
Book value / share	104.92	114.71	107.96	103.97	90.79	101.74
Revenue / share	13.69	15.64	16.61	17.72	17.43	15.70
FCF / share	-27.38	7.83	7.24	8.74	8.30	4.65
Cash / share	2.34	4.99	3.61	3.21	3.22	2.50
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	0.0%	2.5%	—
Altman Z-Score	1.67	1.06	0.91	0.74	0.28	0.1
Piotroski F-Score	4	7	5	6	6	5/9
Beneish M-Score	-1.78	-2.70	-2.73	-1.07	-2.03	-4.04

Model	Score	Zone	Note
Piotroski F-Score	5 / 9	Middling
Altman Z-Score	0.1	Distress (<1.81)	Distress
Income quality	N/M	Loss-making	OCF ÷ net income not meaningful with negative earnings; OCF itself is the signal
Beneish M-Score	-4.04	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.94
Interest burden	1.14
Operating margin	-28.6%
Asset turnover	0.08×
Financial leverage	2.21×
= ROE	-6%

Growth Quality (live)	Value
Revenue stability	0.81
Earnings stability	0.81
Earnings persistence	0.50
Revenue CAGR 3y	2.8%
EPS CAGR 3y	—
FCF CAGR 3y	-17.3%

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Buyback Yield0.00%

Dividend Yield6.92%

Total Shareholder Return7.05%cash yield

SBC / Revenue1.3%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
VNO	$6.1B	1065.7	1%	6.9%	+1.4%	6/9	-14.8%
BXP	$9.5B	31.8	6%	7.7%	+1.9%	6/9	-15.9%
CUZ	$4.5B	672.5	0%	9.7%	+11.9%	6/9	+4.3%
KRC	$4.1B	24.2	3%	7.3%	-3.8%	4/9	-13.8%
CDP	$3.8B	23.0	11%	23.5%	+4.5%	7/9	—
SLG	$3.3B	-18.4	-5%	-10.0%	+62.1%	4/9	—
HIW	$3.2B	19.3	7%	43.5%	+2.9%	6/9	—
DEI	$1.6B	-71.4	-1%	-1.0%	+0.8%	3/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

25 Analysts

Str Sell (0)Sell (3)Hold (13)Buy (9)Str Buy (0)

Mean Target (qtr)$49.007 targets

Target vs. Price+17.7%last-quarter mean

Next Report2026-10-26street $-0.03

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$2.64B	$2.73B / $2.58B	$1.51	$1.51 / $1.51	6
FY2027	$2.44B	$2.63B / $2.29B	$-0.87	$-0.83 / $-1.00	4
FY2028	$2.52B	$2.73B / $2.31B	$-1.02	$-0.82 / $-1.21	3

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$45.50	+9.3%	4
Last Quarter	$49.00	+17.7%	7
Last Year	$54.03	+29.8%	29
All Time	$70.26	+68.8%	39

Rolling mean of published targets vs. last close $41.62. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

B-

DCF

5/5

ROE

1/5

ROA

1/5

Debt/Eq

3/5

P/E

1/5

P/B

4/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

ARE -44.7% vs S&P 500 +15.9% — spread -60.6pp

Sector — XLRE +0.9%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$46.73	-5.11	-10.94%	Below
SMA 50	$49.35	-7.73	-15.66%	Below
SMA 200	$49.98	-8.36	-16.73%	Below
EMA 9	$43.78	-2.16	-4.93%	Below
EMA 21	$46.14	-4.52	-9.80%	Below
EMA 50	$48.33	-6.71	-13.88%	Below
EMA 200	$52.40	-10.78	-20.57%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBEARISHPower Score -752 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%0

Momentum 25%18

Volume 20%12

Volatility 10%0

Patterns 15%38

This Week0% bullishof 11 price-based votes

4 Weeks Ago82%-82 pts since

12 Weeks Ago55%-55 pts since

ReadStabilizingweek-over-week trajectory

Price vs SMA 20$46.73

Price vs SMA 50$49.35

Price vs SMA 200$49.98

EMA 9/21 Cross43.8/46.1

SMA 50/200Death

ADX DirectionADX 29

Supertrend$47

Parabolic SAR$45

SMA Slope-0.550

RSI26.8

Stochastic K/D7/6

StochRSI K/D19/10

Williams %R-92

CCI-133

TSI vs Signal-36.8

CMO-46.3

ROC-12.18%

OBV SignalDistrib

Chaikin MF-0.310

MFI19

Force Index-1M

Elder Ray Bull-3.38

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 6

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$42.39 / $42.93 / $43.51	S1 / S2	$41.81 / $41.27
Bollinger (20,2)	$40.31 – $53.15	Squeeze	Off
52-wk range	$39.41 – $78.51	Off 52-wk high	-47.0%
ATR (14)	$1.72 (4.1%)	Historical vol	28.9%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+2.0%Jan60%

-2.3%Feb40%

+0.4%Mar67%

+0.7%Apr70%

-1.8%May40%

-0.1%Jun55%

+4.1%Jul95%

+1.1%Aug60%

-1.3%Sep50%

-1.0%Oct65%

-0.1%Nov65%

+6.1%Dec70%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	ARE	S&P 500
Weekly volatility (σ, 1y)	7.36%	1.83%
Best / worst week (1y)	+14.1% / -26.7%	—
Max drawdown (5y, monthly)	-77.7%	—
1-week VaR (95%)	-13.7%	—
Beta (5y)	1.17	1.00

ARE EQUITY WEATHER (LIVE)STORMY · -61

Trend-53

Momentum-74

Volume-64

Volatility-60

Breadth-50

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 94 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall-61.4-27.8 vs industry

Trend-53.4-8.7 vs industry

Momentum-74.1-47.3 vs industry

Volume-64.3-33.9 vs industry

Reading	ARE	REIT - Office n=96	Real Estate n=2,764	All US symbols n=70,435
Overall	-61.4	-33.6	-28.0	-20.5
Trend	-53.4	-44.7	-37.3	-21.3
Momentum	-74.1	-26.8	-17.0	-15.8
Volume	-64.3	-30.4	-26.6	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
Joel S. Marcus Executive Chairman and Founde	$11.6M	69% equity+incentive
Peter M. Moglia Chief Executive Officer and	$8.8M	90% equity+incentive
Hunter L. Kass Co-President and Regional Mar	$7.0M	64% equity+incentive
Marc E. Binda Chief Financial Officer and Tr	$5.7M	70% equity+incentive
John Hart Cole Co-President & Co-Regional Ma	$4.7M	71% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	67
Social	58
Governance	63
Composite ESG	63

Composite ESG Trend

Filed	8-K contents	Items
2026-09-24	Material Agreement; Financial Obligation	1.01,2.03
2026-08-21	Material Agreement; Financial Obligation; Exhibits	1.01,2.03,9.01
2026-08-14	Other Events; Exhibits	8.01,9.01
2026-08-03	Earnings Release; Exhibits	2.02,9.01
2026-07-09	Material Agreement; Financial Obligation	1.01,2.03
2026-04-27	Earnings Release; Exhibits	2.02,9.01
2026-03-31	Bylaws Amendment; Exhibits	5.03,9.01
2026-02-25	Entry into Material Definitive Agreement; Creation of Direct Financial	1.01,2.03,9.01

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-10-26 to 2026-08-03
Analyst estimates	dim/forward_estimates	3 rows · 2026-12-31 to 2028-12-31
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	111 rows · 1998 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-09-11 to 2026-09-30
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	3 rows · 2026-03-26 to 2026-04-28
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Alexandria Real Estate Equities, Inc. (ARE)

Institutions holding — 12 quarters

Alexandria Real Estate Equities, Inc. (ARE)

Monthly Net Insider Flow (000 shares)

Signal Summary

Alexandria Real Estate Equities, Inc. (ARE)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding ARE — quarterly

Institutional Put/Call — quarterly

Alexandria Real Estate Equities, Inc. (ARE)

Where ARE Trades in the Dark

Alexandria Real Estate Equities, Inc. (ARE)

3.8 · Employees (SEC filings)

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Balance Sheet — Full

Cash Flow Statement — Full

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Street Price Target — Trajectory

Third-Party Composite Rating

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Family Scores (site weights)

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)

Alexandria Real Estate Equities, Inc. (ARE)