ARE vs VNO vs BXP
161 measures in 16 categories, one definition each, computed from filings and market data.
ARE24.0
Alexandria Real Estate Equities, Inc.
Real Estate · REIT - Office
$41.62 −1.75%$7.3B mkt cap
Score DNA
Price, rebased to 100 three years ago
ARE VNO BXP · weekly adjusted closesSmart money 8Valuation 16Profitability (TTM) 12Returns on capital 11Growth 17Margin history & stability 7Liquidity (latest quarter) 7Leverage & solvency (latest quarter) 13Efficiency 11Cash flow & earnings quality 7Dividends & buybacks 9Scores & forensic checks 15Per share 7Size (TTM) 8Price performance 9Technicals 4
● marks the highest or lowest value where that direction is plainly stronger (margins, returns, coverage, leverage); multiples and yields are left unmarked. Bars show each stock's percentile within its own industry. n/a: the measure does not apply to lenders and insurers.
Smart money
8 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Insider open-market buys, 180d | 9 | 4 | 0 |
| Insider $ bought, 180d | $1.70M | $0.07M | — |
| Congress purchases, 180d | 2 | 0 | 2 |
| Last Congress purchase | 2026-09-25 | — | 2026-09-11 |
| 13F net change in holders | +26 | +37 | +15 |
| ETFs adding shares, 30d | 558 | 287 | 562 |
| ETFs trimming, 30d | 451 | 204 | 428 |
| Net ETF funds, 30d | +107 | +83 | +134 |
Valuation
16 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| P/E (TTM) | — | 90.6x
71st
|
31.8x
43rd
|
| PEG (P/E ÷ 3-yr EPS CAGR) | — | — | — |
| Price / sales | 2.5x
31st
|
3.4x
62nd
|
2.7x
38th
|
| Price / book | 0.5x
8th
|
1.1x
69th
|
1.8x
85th
|
| Price / tangible book | 0.6x
8th
|
1.3x
69th
|
2.1x
85th
|
| Price / free cash flow | 8.3x
20th
|
22.7x
80th
|
26.2x
90th
|
| Price / operating cash flow | 5.7x
31st
|
15.7x
85th
|
7.4x
46th
|
| Enterprise value | $19.6B
92nd
|
$14.5B
85th
|
$25.3B
100th
|
| EV / sales | 6.6x
23rd
|
7.9x
69th
|
7.2x
38th
|
| EV / EBITDA | 46.0x
100th
|
15.7x
67th
|
13.5x
42nd
|
| EV / EBIT | — | 37.0x
73rd
|
27.2x
27th
|
| EV / free cash flow | 22.4x
20th
|
53.7x
70th
|
70.0x
90th
|
| Earnings yield | -12.5%
15th
|
1.1%
62nd
|
3.1%
77th
|
| FCF yield | 12.1%
85th
|
4.4%
38th
|
3.8%
31st
|
| Operating cash flow yield | 17.6%
69th
|
6.4%
15th
|
13.6%
54th
|
| Graham number (per share) | — | $15.88
43rd
|
$36.79
86th
|
Profitability (TTM)
12 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Gross margin | 69.5%
92nd
|
42.6%
31st
|
46.8%
38th
|
| EBITDA margin | 14.4%
8th
|
50.7%
38th
|
53.0%
46th
|
| Operating margin | -45.7%
0th
|
10.9%
15th
|
35.0%
85th
|
| EBIT margin | -28.6%
8th
|
21.5%
46th
|
26.4%
69th
|
| Net margin | -30.6%
8th
|
3.7%
62nd
|
8.4%
69th
|
| NOPAT margin | -36.1%
0th
|
8.5%
15th
|
35.0%
92nd
|
| FCF margin | 29.6%
69th
|
14.8%
54th
|
10.3%
31st
|
| Operating cash flow margin | 43.3%
62nd
|
21.4%
15th
|
36.5%
38th
|
| R&D / revenue | 0.0%
0th
|
0.0%
0th
|
0.0%
0th
|
| SG&A / revenue | 4.4%
15th
|
8.7%
85th
|
3.9%
0th
|
| Stock comp / revenue | 1.3%
54th
|
1.4%
62nd
|
1.3%
38th
|
| Effective tax rate | 21.0%
54th
|
22.0%
100th
|
0.0%
0th
|
Returns on capital
11 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| ROE (on average equity) | -5.5%
15th
|
1.1%
62nd
|
5.7%
77th
|
| ROA | -2.5%
15th
|
0.4%
62nd
|
1.2%
69th
|
| ROIC | -3.8%
0th
|
1.1%
15th
|
5.9%
100th
|
| ROCE | -2.8%
8th
|
2.6%
54th
|
3.8%
69th
|
| Return on tangible assets | -2.3%
8th
|
2.5%
54th
|
3.7%
77th
|
| Cash ROIC (OCF / invested capital) | 4.6%
31st
|
2.8%
15th
|
6.1%
69th
|
| Gross profitability (GP / assets) | 5.9%
62nd
|
5.0%
38th
|
6.5%
77th
|
| ROIC, 3-yr average | -1.1%
15th
|
2.2%
69th
|
2.3%
77th
|
| ROIC, 5-yr average | 0.0%
15th
|
1.4%
54th
|
2.8%
85th
|
| ROE, 5-yr average | -0.0%
31st
|
2.7%
62nd
|
6.2%
85th
|
| Incremental ROIC | 43.0%
77th
|
-55.5%
38th
|
-113.8%
31st
|
Growth
17 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Revenue growth (TTM YoY) | -2.1%
8th
|
1.4%
38th
|
1.9%
54th
|
| Revenue growth (QoQ) | 18.6%
100th
|
0.7%
15th
|
2.7%
69th
|
| Revenue CAGR, 3 yr | 2.8%
54th
|
0.1%
46th
|
3.2%
62nd
|
| Revenue CAGR, 5 yr | 8.2%
92nd
|
4.1%
54th
|
4.8%
69th
|
| Gross profit CAGR, 3 yr | 2.7%
77th
|
-5.9%
46th
|
-6.7%
38th
|
| Operating income CAGR, 3 yr | — | -13.9%
36th
|
5.9%
82nd
|
| Net income growth (TTM YoY) | — | -92.2%
0th
|
— |
| Net income CAGR, 3 yr | — | — | -23.6%
33rd
|
| EPS growth (TTM YoY) | — | -91.7%
0th
|
— |
| EPS CAGR, 3 yr | — | — | -24.0%
33rd
|
| EPS CAGR, 5 yr | — | — | -1.6%
67th
|
| FCF growth (TTM YoY) | -38.3%
22nd
|
-80.5%
0th
|
-48.5%
11th
|
| FCF CAGR, 3 yr | -17.3%
40th
|
-31.1%
10th
|
-27.2%
30th
|
| Operating cash flow CAGR, 3 yr | -6.2%
38th
|
-19.3%
15th
|
0.1%
69th
|
| Book value CAGR, 3 yr | -9.1%
23rd
|
1.6%
100th
|
-5.6%
54th
|
| Dividend CAGR, 3 yr | -11.3%
31st
|
1.4%
92nd
|
-8.1%
54th
|
| Sustainable growth rate | — | -2.3%
57th
|
-4.8%
29th
|
Margin history & stability
7 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Gross margin, 3-yr average | 69.8%
85th
|
72.4%
92nd
|
52.1%
38th
|
| Operating margin, 3-yr average | 0.4%
0th
|
13.7%
23rd
|
34.1%
100th
|
| Net margin, 3-yr average | -8.6%
31st
|
18.9%
100th
|
4.5%
46th
|
| FCF margin, 3-yr average | 39.2%
69th
|
41.6%
85th
|
20.1%
54th
|
| Revenue stability (0-1) | 0.81
62nd
|
0.68
54th
|
0.96
85th
|
| Earnings stability (0-1) | 0.81
92nd
|
0.16
8th
|
0.26
15th
|
| Margin stability (0-1) | 0.98
92nd
|
0.63
0th
|
0.88
62nd
|
Liquidity (latest quarter)
7 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Cash & short-term investments | $470.4M
85th
|
$675.4M
100th
|
$553.5M
92nd
|
| Net cash (− = net debt) | −$12.3B
8th
|
−$8.4B
15th
|
−$15.8B
0th
|
| Working capital | −$4.1B
0th
|
$1.3B
100th
|
−$42.2M
31st
|
| Current ratio | 0.11
0th
|
4.77
92nd
|
0.94
33rd
|
| Quick ratio | 0.11
0th
|
4.77
92nd
|
0.94
33rd
|
| Cash ratio (cash + ST investments / current liabilities) | 0.10
25th
|
1.91
100th
|
0.74
83rd
|
| Defensive interval (days) | 51 days
0th
|
993 days
69th
|
623 days
54th
|
Leverage & solvency (latest quarter)
13 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Total debt | $12.8B
92nd
|
$9.1B
85th
|
$16.4B
100th
|
| Debt / equity | 0.82
0th
|
1.57
69th
|
3.17
92nd
|
| Net debt / equity | 0.79
0th
|
1.45
54th
|
3.06
92nd
|
| Debt / assets | 37.0%
0th
|
58.0%
69th
|
65.0%
92nd
|
| Debt / capital | 45.2%
0th
|
61.0%
69th
|
76.0%
92nd
|
| Debt / EBITDA | 30.10
100th
|
9.77
75th
|
8.77
58th
|
| Net debt / EBITDA | 29.00
100th
|
9.04
75th
|
8.47
58th
|
| Interest coverage (EBIT / interest) | −3.4x
0th
|
1.1x
62nd
|
1.5x
69th
|
| Cash interest coverage | 5.1x
100th
|
1.1x
23rd
|
2.1x
54th
|
| Debt payback (years of OCF) | 10.0 yrs
46th
|
23.2 yrs
85th
|
12.7 yrs
62nd
|
| Liabilities / assets | 44.7%
0th
|
57.1%
31st
|
69.3%
92nd
|
| IS credit model rating | CCC | BB- | CCC |
| Implied credit spread (bps) | 1,200
77th
|
550
23rd
|
1,200
77th
|
Efficiency
11 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Asset turnover | 0.08
0th
|
0.12
54th
|
0.14
77th
|
| Fixed asset turnover | 0.10
0th
|
2.74
88th
|
— |
| Inventory turnover | — | — | — |
| Receivables turnover | 424.7
100th
|
2.2
0th
|
26.6
85th
|
| Days sales outstanding | 1 days
0th
|
166 days
100th
|
14 days
15th
|
| Days inventory outstanding | — | — | — |
| Days payables outstanding | 590 days
100th
|
120 days
54th
|
93 days
23rd
|
| Cash conversion cycle (days) | −589 days
0th
|
46 days
100th
|
−79 days
31st
|
| Capex / revenue | 13.6%
46th
|
6.6%
31st
|
26.3%
85th
|
| Capex / depreciation | 0.32
38th
|
0.22
23rd
|
0.99
77th
|
| Operating expense ratio | 70.8%
100th
|
— | — |
Cash flow & earnings quality
7 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Operating cash flow / net income | — | 5.76
71st
|
4.33
57th
|
| FCF / net income | — | 3.99
86th
|
1.22
29th
|
| FCF / operating cash flow | 68.5%
62nd
|
69.2%
69th
|
28.1%
31st
|
| Capex / operating cash flow | 31.5%
38th
|
30.8%
31st
|
71.9%
69th
|
| Accruals ratio | -6.0%
38th
|
-2.1%
100th
|
-3.9%
62nd
|
| Sloan accruals ratio | -9.2%
15th
|
-3.7%
69th
|
-6.0%
54th
|
| Earnings quality score (0-1) | — | 1.00
29th
|
1.00
29th
|
Scores & forensic checks
15 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| IS score | 24
15th
|
27
46th
|
36
69th
|
| IS profitability | 23
23rd
|
10
8th
|
32
46th
|
| IS growth | 31
31st
|
21
8th
|
57
77th
|
| IS value | 50
31st
|
62
85th
|
47
8th
|
| IS momentum | 34
0th
|
56
46th
|
86
85th
|
| IS risk (safety) | 15
15th
|
15
15th
|
15
15th
|
| IS quality | 45
38th
|
53
54th
|
49
46th
|
| IS balance sheet | 26
23rd
|
39
85th
|
21
8th
|
| IS earnings quality | 70
69th
|
71
77th
|
88
92nd
|
| IS cash flow | 46
38th
|
47
54th
|
37
31st
|
| Piotroski F-score (0-9) | 4
15th
|
6
54th
|
6
54th
|
| Altman Z-score | 0.2
38th
|
0.5
54th
|
0.5
62nd
|
| Beneish M-score | −4.04
15th
|
−5.45
0th
|
5.69
100th
|
| Ohlson O-score | −6.94
54th
|
−7.18
31st
|
−7.47
8th
|
| IS credit score | 15
8th
|
36
77th
|
19
15th
|
Size (TTM)
8 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| Market cap | $7.3B
92nd
|
$6.1B
85th
|
$9.5B
100th
|
| Revenue | $3.0B
92nd
|
$1.8B
85th
|
$3.5B
100th
|
| EBITDA | $425.6M
38th
|
$927.5M
92nd
|
$1.9B
100th
|
| Net income | −$904.0M
0th
|
$67.9M
69th
|
$296.9M
100th
|
| Free cash flow | $876.1M
100th
|
$270.6M
77th
|
$360.8M
85th
|
| Total assets | $34.6B
100th
|
$15.6B
85th
|
$25.2B
92nd
|
| Shareholders' equity | $15.6B
100th
|
$5.8B
92nd
|
$5.2B
77th
|
| Employees | 514
62nd
|
3,145
100th
|
826
85th
|
Price performance
9 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| 1 day | −1.8% | −0.9% | −0.8% |
| 1 week | −8.6% | −2.1% | +0.3% |
| 1 month | −25.1% | −5.4% | −6.3% |
| 3 months | −16.9% | −17.1% | −12.8% |
| 6 months | −14.5% | +12.5% | +2.0% |
| Year to date | −15.1% | −1.6% | −12.7% |
| 1 year | −45.4% | −16.6% | −17.4% |
| 3 years, cumulative | −54.5% | +55.3% | +16.0% |
| 5 years, cumulative | −74.3% | −12.8% | −35.4% |
Technicals
4 measures| Measure | ARE | VNO | BXP |
|---|---|---|---|
| RSI 14 | 26.8 | 37.9 | 39.5 |
| From 52-week high | −47.0% | −20.8% | −21.0% |
| From 52-week low | +5.6% | +34.0% | +19.1% |
| Beta | 1.18 | 1.59 | 1.05 |
InsiderStreet reports findings from filings and market data. A comparison is not a recommendation to buy or sell either stock.Every figure is computed in code · data as of 2026-10-17