ARE Alexandria Real Estate Equities, Inc.

XNYS 46.31 Delayed
Find condors

Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

ARE $46.31 —

What changed

Recent filings, trades and moves
Key stats
$46.31
52-Week Range
$38.34 – $59.76
YTD
-5.43%
IV Rank (30D)
45.34
Straddle Price
$5.25
P/C Vol Ratio
0.91
Market Cap
$7.8B
Open
$45.37
Day Range
$44.91 – $46.64
Volume
749,820
Prev Close
$44.80
Fair Value
MODEL: SHORT

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.90%
Beta vs SPY1.00
Cost of Equity (CAPM)10.24% (VRP-adj)
WACC7.05%
Volatility Risk Premium+9.6pp (IV − HV30), ERP adj +33bps
Effective Tax Rate21.0%
Rev. Growth (YoY, DCF input)-10.0%
DCF Horizon10 years explicit + fade
Free Cash Flow (TTM)$-0.5B
Return on Equity (TTM)-9.7%
Book / Price240.7% — banking bias active (P/B is primary)
Gross Margin (TTM)67.7%
FCF Margin (TTM)-17.1%
Debt / Equity0.70
Quality Score2/6 — normal (10y DCF)
SMA 50$47.20 (Market Anchor value)
SMA 20 / Bollinger Mid$42.55
Bollinger Width / SMA2015.5% (drives anchor stability)
Net Debt$12.4B
Market Cap$8B
Peers used for multiples: DLR, DOC, O, PLD, WELL (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
30%
20-Day Fair Value
≈ by Dec 8, 2026
$46.33
α -0.1% rank 94%
conviction
10%
40-Day Fair Value
≈ by Jan 6, 2027
$46.32
α -0.1% rank 94%
conviction
6%
60-Day Fair Value
≈ by Feb 4, 2027
$45.88
α -1.1% rank 94%
conviction
30%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) $12.81 20%
Peer P/E n/a 0% median 44.6× · 5 peers
Peer EV/EBITDA $174.74 8% median 24.4× · 5 peers
Peer P/B $236.11 10% median 2.2× · 5 peers
Peer P/S $164.84 10% median 10.2× · 5 peers
Market Anchor (SMA50) $47.20 36% stability 72% (BB-width)
Options Expected (B-L 30d) $44.24 16% 13 strikes · skew -0.85
As of 2026-11-09 · updated
About
Industry (SIC)
REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
Exchange
XNYS
Market Cap
$7.8B
Employees
514
List Date
1997-05-28
CIK
0001035443
Last Earnings
Oct 26 before open · +0.9% vs ±12.4% expected
Next Earnings
~Jan 25, 2027 (estimated)
Headquarters
Pasadena, CA
Homepage
https://www.are.com

Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle, Texas, and Canada. The Company is a life science real estate investment trust focused on developing, redeveloping, and operating properties that provide space for lease to tenants in the life science industry.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-2.14%-11.37%11.54%-6.50%-0.15%11.58%0.49%
Feb-5.82%-3.01%-8.26%1.85%8.12%-0.20%-1.22%
Mar2.96%7.16%-12.12%3.73%-8.86%-11.80%-3.15%
Apr6.71%-11.56%-0.14%-7.67%-20.29%-6.42%-6.56%
May-0.94%-6.85%-6.86%1.89%-4.40%20.03%0.48%
Jun0.68%-11.46%1.00%-0.59%4.35%8.68%0.44%
Jul10.47%11.92%8.23%1.28%2.60%-3.16%5.22%
Aug1.66%-6.65%-4.69%3.96%8.46%-3.28%-0.09%
Sep-8.47%-7.62%-14.41%0.27%3.00%-8.08%-5.89%
Oct5.21%0.84%-5.14%-4.75%-30.24%-14.52%-8.10%
Nov-2.40%7.50%17.76%-0.57%-3.63%8.90%*4.59%
Dec12.50%-5.94%7.30%-11.08%-7.83%---1.01%
Total19.92%-33.88%-10.60%-17.87%-44.43%-3.91%-15.13%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $42.67
SMA 50: $47.10
SMA 200: $49.14
Current: $46.38
EMA 12: $43.80
EMA 26: $44.28
MACD: -0.4788 | Signal: 0.8092
BEARISH
ADX (14): 28.83
TREND
+DI: 33.22
−DI: 22.06

Momentum Oscillators

RSI (14): 56.94
NEUTRAL
Stoch %K: 74.62
Stoch %D: 78.16
Williams %R: -15.58

Volume & Volatility

BB Upper: $46.31
BB Lower: $39.02
OVERBOUGHT
OBV: -63,586,047
Vol SMA 20: 2,797,489
Vol ROC: -76.31%
ATR: $1.96
True Range: $1.84
HV 20: 56.4%
HV 30: 48.4%
HV 60: 47.8%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before ARE’s Oct 26 earnings report, so it doesn’t reflect the results.

LLM Stock Analysis Report

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers:

  • Moderate volatility, following market trends
  • Recent positive news headlines on dividend payments and partnerships
  • Bearish MACD signal indicating potential short-term downtrend

Primary Risks:

  • Overbought RSI reading suggests potential for a pullback or consolidation
  • Negative sentiment from recent earnings misses and regulatory issues

Investment Thesis:

The stock is trading within a consolidation zone, with moderate volatility and mixed signals. While the recent positive news headlines provide some support, the bearish MACD signal and overbought RSI reading suggest caution.

Recent News Sentiment Impact:

The negative news headlines on regulatory issues and earnings misses have contributed to the overall neutral sentiment assessment. However, the positive news headlines on dividend payments and partnerships have helped mitigate some of the negativity.

Technical Analysis

Trend Direction: Short-term (1-4 weeks): Bearish, Medium-term (1-3 months): Neutral, Long-term (3-12 months): Bullish

Support/Resistance Levels:

  • SMA 20: $44.79
  • SMA 50: $47.42
  • Upper Bollinger Band: $50.40

Momentum Signals:

  • RSI (14) interpretation: Overbought (46.08)
  • MACD signal: Bearish (-1.49 / Signal: -0.26 / Histogram: -1.23)

Volume Analysis:

  • Volume SMA 20: 2486961.72
  • On-Balance Volume (OBV): -66811110.45

News & Sentiment Analysis

Recent Headlines Summary:

The recent news headlines have been mixed, with some positive sentiments on dividend payments and partnerships, while others have been negative due to regulatory issues and earnings misses.

Sentiment Assessment: NEUTRAL

Catalyst Identification:

  • Upcoming earnings release in 1Q26
  • Regulatory updates on the horizon

Market Narrative:

The market narrative is one of caution, with the bearish MACD signal and overbought RSI reading suggesting a potential pullback or consolidation. The recent positive news headlines provide some support, but the overall sentiment remains neutral.

Risk & Volatility Assessment

Risk Assessment:

  • Beta: 0.97 (vs SPY) - moderate risk
  • Alpha: -0.68 - slightly defensive
  • Correlation: 0.28 - slightly inverse correlation

Volatility Regime:

  • Current vs historical volatility levels: Moderate volatility, following market trends

Options Market Signals:

  • IV Rank: 0.0% (Low) - shows if volatility is historically high/low
  • Current IV: 48.2%
  • Expected Move: $5.38 (44 DTE), 7-DTE: $2.75

Downside Protection:

  • Support levels: SMA 20, SMA 50
  • Risk management considerations: Stop-loss levels and position sizing

Market Context & Positioning

Sector Performance:

  • Relative strength vs sector/market: Neutral

Institutional Activity:

  • Volume patterns suggesting institutional interest: Moderate

Correlation Analysis:

  • How stock moves relative to market (R-squared interpretation): Slightly inverse correlation

Relative Valuation:

  • Position within trading range: Consolidation zone

Key Levels & Action Items

Critical Price Levels:

  • SMA 20: $44.79
  • SMA 50: $47.42

Breakout/Breakdown Levels:

  • Upper Bollinger Band: $50.40

Time-Sensitive Catalysts:

  • Upcoming earnings release in 1Q26

Risk Management:

  • Stop-loss levels: SMA 20, SMA 50
  • Position sizing considerations: Moderate volatility, following market trends
Generated
News
All ARE news →
Earnings History
21 of 23 under expected move
Avg Expected Move
6.73%
Avg Actual Move
3.68%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-02-01 After-Close 4.75% 1.83% 0.39x Within
2021-04-26 After-Close 3.51% 0.87% 0.25x Within
2021-07-26 After-Close 4.18% 2.33% 0.56x Within
2021-10-25 After-Close 3.81% 0.03% 0.01x Within
2022-01-31 After-Close 5.42% 0.23% 0.04x Within
2022-04-25 After-Close 4.32% 1.24% 0.29x Within
2022-07-25 After-Close 7.12% 4.13% 0.58x Within
2022-10-24 After-Close 8.53% 5.58% 0.65x Within
2023-01-30 After-Close 5.34% 2.13% 0.40x Within
2023-04-24 After-Close 6.35% 2.83% 0.45x Within
2023-07-13 After-Close 2.61% 0.54% 0.21x Within
2023-10-23 After-Close 8.00% 1.27% 0.16x Within
2024-01-29 After-Close 6.17% 4.14% 0.67x Within
2024-04-22 After-Close 6.49% 0.78% 0.12x Within
2024-07-22 After-Close 5.92% 3.52% 0.59x Within
2024-10-21 Pre-Market 6.47% 1.86% 0.29x Within
2025-01-27 After-Close 6.24% 4.76% 0.76x Within
2025-07-21 After-Close 7.19% 3.09% 0.43x Within
2025-10-27 After-Close 7.16% 19.17% 2.68x Exceeded
2026-01-26 Pre-Market 11.48% 4.24% 0.37x Within
2026-04-27 After-Close 11.25% 11.30% 1.00x Exceeded
2026-08-03 After-Close 10.09% 7.84% 0.78x Within
2026-10-26 Pre-Market 12.38% 0.88% 0.07x Within

Earnings calendar: this week’s reports with expected vs actual moves →

ARE Options Activity & IV Rank

ARE IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 43.0%
7-DTE IV: 44.4%
Expected Move: $5.25
7-DTE Move: $2.88
Days to Exp: 39 (2026-12-18)

Options Flow · All expiries

Call Volume: 1,440
Put Volume: 1,316
P/C Volume: 0.914
NEUTRAL
Call OI: 23,386
Put OI: 28,580
P/C OI: 1.222
Total OI: 51,966

ATM Options Pricing

ATM Call: $2.15
ATM Put: $3.10
Call %: 4.6%
Put %: 6.7%

Chain Summary

Chain Volume: 2,756
Chain OI: 51,966
Last Updated: 11/9/2026
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 59th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
59%
vs own history
GEX tilt
-0.04
OI-weighted, today
Vanna tilt
+0.64
δ-sensitivity to IV
Charm tilt
-0.62
δ-decay vs time
Vanna tilt +0.64: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.62: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 32 ATM contracts, 18k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
No data
30 DTE / 10d —
— pts EXTREME
No data

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)27.4MediumNov 9
IV Rank (30 DTE)45.3MediumNov 9
Straddle Price (30 DTE)$5.25Nov 9
Beta Analysis

Risk Metrics

Beta: 0.7358
Alpha: -17.48%
Correlation: 0.2259
R-Squared: 5.1%
Stock Volatility: 44.9%
Market Volatility: 13.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own ARE
3 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Millennium Management Hedge fund
Izzy Englander
$35.6M
0.02%
#792 of 3716-14.7%13F
Citadel Hedge fund
Ken Griffin
$8.2M
0.00%
#1735 of 6285-19.0%13F
Rockefeller Capital Management Family office
Rockefeller family
$519K
0.00%
#2067 of 4729+22.3%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

ARE Institutional Ownership (13F)

Filings for 2026-06-30 · 277 already for 2026-09-30
Diluted shares outstanding: 170,681,500 (as of 2026-09-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

617 filers171,122,083 shares$8.93B value100.26% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 21,692,019 $1.15B 12.83% 12.71% 2026-06-30
2 Norges Bank 16,437,663 $868.73M 9.72% 9.63% 2026-06-30
3 Vanguard Portfolio Management LLC 14,001,369 $739.97M 8.28% 8.20% 2026-06-30
4 Vanguard Capital Management LLC 10,842,415 $573.02M 6.41% 6.35% 2026-06-30
5 State Street Corp 10,596,116 $567.54M 6.35% 6.21% 2026-06-30
6 AQR Capital Management, LLC Custodian 7,648,039 $404.20M 4.52% 4.48% 2026-06-30
7 Invesco Ltd. Custodian 7,080,302 $374.19M 4.19% 4.15% 2026-06-30
8 APG Asset Management US Inc. 6,981,310 $370.08M 4.14% 4.09% 2026-06-30
9 Geode Capital Management, LLC Custodian 4,461,696 $211.39M 2.37% 2.61% 2026-09-30
10 Bank of New York Mellon Corp Custodian 3,672,154 $174.28M 1.95% 2.15% 2026-09-30
11 Morgan Stanley Custodian 2,948,869 $155.85M 1.74% 1.73% 2026-06-30
12 Charles Schwab Investment Management, Inc. 2,861,370 $151.22M 1.69% 1.68% 2026-06-30
13 Goldman Sachs Group Inc Custodian 2,703,793 $142.90M 1.60% 1.58% 2026-06-30
14 CENTERSQUARE INVESTMENT MANAGEMENT LLC 2,353,556 $124.39M 1.39% 1.38% 2026-06-30
15 Northern Trust Corp Custodian 2,333,178 $123.31M 1.38% 1.37% 2026-06-30
16 Dimensional Fund Advisors LP Custodian 1,962,195 $93.13M 1.04% 1.15% 2026-09-30
17 JPMorgan Chase & Co Custodian 1,425,576 $79.63M 0.89% 0.84% 2026-06-30
18 Legal & General Group Plc Custodian 1,450,268 $76.65M 0.86% 0.85% 2026-06-30
19 Arrowstreet Capital, Limited Partnership 1,396,722 $73.82M 0.83% 0.82% 2026-06-30
20 BNP Paribas Financial Markets Custodian 1,286,866 $68.01M 0.76% 0.75% 2026-06-30
21 TOWN LANE MANAGEMENT LP 1,250,000 $66.06M 0.74% 0.73% 2026-06-30
22 HSBC Holdings plc Custodian 1,208,572 $64.49M 0.72% 0.71% 2026-06-30
23 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 1,219,759 $64.46M 0.72% 0.71% 2026-06-30
24 Bank of America Corp Custodian 1,163,976 $61.52M 0.69% 0.68% 2026-06-30
25 T. Rowe Price Associates, Inc. 1,119,564 $59.17M 0.66% 0.66% 2026-06-30
16 filers$87.71M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $24.48M 27.91% 2026-06-30
2 Citadel Advisors LLC Custodian $20.11M 22.93% 2026-06-30
3 IMC-Chicago, LLC Custodian $12.80M 14.59% 2026-09-30
4 Jane Street Group, LLC Custodian $5.79M 6.60% 2026-06-30
5 LANDMARK INVESTMENT PARTNERS, L.P. $5.74M 6.54% 2026-06-30
6 GROUP ONE TRADING LLC Custodian $4.39M 5.00% 2026-06-30
7 Squarepoint Ops LLC $4.24M 4.83% 2026-06-30
8 Twin Tree Management, LP $3.43M 3.91% 2026-06-30
9 CAPITAL FUND MANAGEMENT S.A. $2.39M 2.72% 2026-06-30
10 TUDOR INVESTMENT CORP ET AL $1.47M 1.68% 2026-06-30
11 Simplex Trading, LLC Custodian $1.08M 1.23% 2026-09-30
12 D. E. Shaw & Co., Inc. Custodian $597.21K 0.68% 2026-06-30
13 Millennium Management LLC Custodian $480.94K 0.55% 2026-06-30
14 Walleye Trading LLC $438.65K 0.50% 2026-06-30
15 Arax Advisory Partners Custodian $211.40K 0.24% 2026-06-30
16 Pasadena Private Wealth, LLC $81.04K 0.09% 2026-06-30
13 filers$134.54M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $70.53M 52.42% 2026-06-30
2 Citadel Advisors LLC Custodian $17.42M 12.95% 2026-06-30
3 IMC-Chicago, LLC Custodian $13.46M 10.01% 2026-09-30
4 Squarepoint Ops LLC $7.62M 5.66% 2026-06-30
5 GROUP ONE TRADING LLC Custodian $4.99M 3.71% 2026-06-30
6 Crawford Fund Management, LLC $4.65M 3.46% 2026-06-30
7 Jane Street Group, LLC Custodian $4.11M 3.06% 2026-06-30
8 CAPITAL FUND MANAGEMENT S.A. $3.64M 2.70% 2026-06-30
9 Simplex Trading, LLC Custodian $3.18M 2.36% 2026-09-30
10 TUDOR INVESTMENT CORP ET AL $2.89M 2.15% 2026-06-30
11 D. E. Shaw & Co., Inc. Custodian $1.61M 1.19% 2026-06-30
12 Two Sigma Investments, LP Custodian $253.68K 0.19% 2026-06-30
13 Walleye Trading LLC $190.26K 0.14% 2026-06-30

ARE Insider Trading (Form 4)

Latest: 2026-11-03
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-11-03 Peter M Moglia Chief Executive Officer Tax (F) −1,068 $40.20 -$42.9K EDGAR
2026-11-03 Blake L. Stevens Regional Market Director Tax (F) −282 $40.20 -$11.3K EDGAR
2026-10-19 Steve Hash Director Award (A) +398 — EDGAR
2026-10-19 Michael A Woronoff Director Award (A) +500 — EDGAR
2026-10-19 Richard Hunter Klein Director Award (A) +130 — EDGAR
2026-10-19 James P Cain Director Award (A) +168 — EDGAR
2026-10-19 Sheila K. McGrath Director Award (A) +150 — EDGAR
2026-10-02 Michael A Woronoff Director Award (A) +896 — EDGAR
2026-10-02 Peter M Moglia Chief Executive Officer Tax (F) −1,068 $47.46 -$50.7K EDGAR
2026-09-17 Blake L. Stevens Regional Market Director Tax (F) −471 $52.93 -$24.9K EDGAR
2026-09-17 Jenna R. Foger EVP - Co-Lead - Life Science Tax (F) −1,086 $52.93 -$57.5K EDGAR
2026-09-17 Jesse J. Nelson EVP - RMD Tax (F) −3,611 $52.93 -$191.1K EDGAR
2026-09-17 John Hart Cole Co-President, & Co-RMD Tax (F) −2,208 $52.93 -$116.9K EDGAR
2026-09-17 Gregory Calvin Thomas EVP - CTO Tax (F) −1,096 $52.93 -$58.0K EDGAR
2026-09-17 Michael E. Boss Co-Regional Market Director Tax (F) −1,462 $52.93 -$77.4K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

ARE Insider Holdings

31 insiders · @ $46.38
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 Joel S Marcus Executive Chairman 597,724 $27.73M -$139.27M 195 2026-09-15
2 Peter M Moglia Chief Executive Officer 369,818 $17.15M -$25.98M 125 2026-11-03
3 Hunter Kass Co-President and RMD 237,635 $11.02M -$3.79M 27 2026-01-27
4 Daniel J Ryan Co-President and RMD 217,609 $10.09M -$20.08M 55 2025-12-17
5 Marc E Binda CFO & Treasurer 188,264 $8.73M -$6.29M 36 2026-06-11
6 Lawrence J Diamond Co-Chief Operating Officer 159,890 $7.42M -$2.26M 36 2026-01-27
7 John Hart Cole Co-President, & Co-RMD 106,731 $4.95M $0 12 2026-09-17
8 Andres Gavinet Chief Accounting Officer 102,516 $4.76M -$4.81M 28 2026-09-02
9 Joseph Hakman Co-Chief Operating Officer 99,160 $4.60M -$2.63M 32 2026-04-02
10 Jesse J. Nelson EVP - RMD 95,033 $4.41M $0 4 2026-09-17
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

ARE Board & Officers

As of SEC filings through Nov 3, 2026

Directors 8

Officers 21

Changes in the last 10 years (44)
Jan 27, 2026John Hart Cole listed as Co-President, & Co-RMD (previously EVP, Capital Markets & Co-RMD) in SEC filings
Jan 9, 2026Michael E. Boss became Co-Regional Market Director
Jan 9, 2026Joshua J. Mitchell became Regional Market Director
Jan 9, 2026Jesse J. Nelson became EVP - Rmd
Jan 9, 2026Jenna R. Foger became EVP - Co-Lead - Life Science
Jan 9, 2026Hallie E. Kuhn became EVP - Cap Market & Co-Lead -LS
Jan 9, 2026Gregory Calvin Thomas became EVP - CTO
Jan 9, 2026Bret E. Gossett became EVP - Co-RMD
Jan 9, 2026Blake L. Stevens became Regional Market Director
Dec 3, 2025The company announced the departure of Daniel J Ryan as Co-President and RMD in an SEC filing
Mar 14, 2025Claire Aldridge became a director
Jan 3, 2025Vincent Ciruzzi reported in an SEC filing no longer being Chief Development Officer
Jan 1, 2024John Hart Cole became EVP, Capital Markets & Co-RMD
Dec 1, 2023Sheila K. McGrath became a director
Sep 19, 2023Marc E Binda listed as CFO & Treasurer (previously EVP - Finance & Treasurer) in SEC filings
Sep 19, 2023Hunter Kass listed as Co-President and RMD (previously EVP - Regional Market Director) in SEC filings
Sep 19, 2023Dean A Shigenaga reported in an SEC filing no longer being Co-President and CFO
Sep 19, 2023Daniel J Ryan listed as Co-President and RMD (previously Co-Chief Investment Officer) in SEC filings
Mar 24, 2023The company announced the departure of Jennifer Friel Goldstein from the board in an SEC filing
Jul 1, 2022The company announced the departure of Stephen Richardson as Co-Chief Executive Officer in an SEC filing
Not reported recently (7)
  • Cynthia L Feldmann · Last reported as a director in an SEC filing dated Jan 17, 2025
  • John H Cunningham · Last reported as EVP - Regional Market Director in an SEC filing dated Dec 19, 2023
  • Terezia C Nemeth · Last reported as EVP - Regional Market Director in an SEC filing dated Dec 19, 2022
  • James H Richardson · Last reported as a director in an SEC filing dated Mar 17, 2021
  • John L Atkins III · Last reported as a director in an SEC filing dated Jan 20, 2021
  • Thomas J Andrews · Last reported as Co-President in an SEC filing dated Aug 11, 2020
  • Jennifer Banks · Last reported as Co-Chief Operating Officer in an SEC filing dated May 4, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

ARE Proposed Insider Sales (Form 144)

Latest: 2026-09-11
Last 30d: 0 filings  ·  Last 90d: 2 filings · $1.4M notice value · 2 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: Fukuzaki-Carlson Kristina (1, $849K) · Gavinet Andres (1, $509K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-09-11 Fukuzaki-Carlson Kristina Officer 16,810 $849.1K 2026-09-11 Fidelity Brokerage Services LLC — EDGAR
2026-08-31 Gavinet Andres Officer 10,000 $509.3K 2026-08-31 Fidelity Brokerage Services LLC — EDGAR
2026-06-09 Binda Marc E Officer 2,000 $108.0K 2026-06-09 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-04-17 Kuhn Hallie E. Officer 536 $25.8K 2026-04-17 Fidelity Brokerage Services LLC 10b5-1 EDGAR
2026-02-27 Gossett Bret E. Officer, Director 4,702 $251.8K 2026-02-27 Fidelity Brokerage Services LLC — EDGAR
2025-12-16 Alsbrook Madeleine Thorp Officer 3,486 $160.9K 2025-12-16 Fidelity Brokerage Services LLC — EDGAR
2025-02-27 CIRUZZI VINCENT FORMER OFFICER 10,582 $1.07M 2025-02-27 Fidelity Brokerage Services LLC — EDGAR
2024-12-16 Alsbrook Madeleine Thorp Officer 4,360 $446.2K 2024-12-16 Fidelity Brokerage Services LLC — EDGAR
2024-12-16 Moglia Peter M Officer 10,000 $1.02M 2024-12-16 Fidelity Brokerage Services LLC — EDGAR
2024-12-11 Ryan Daniel J Officer 10,000 $1.03M 2024-12-11 Fidelity Brokerage Services LLC — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-10-26
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Event Link
2026-10-26 Earnings results EDGAR
2026-09-24 Material agreement · New debt obligation EDGAR
2026-08-21 Material agreement · New debt obligation EDGAR
2026-08-14 Other events EDGAR
2026-08-03 Earnings results EDGAR
2026-07-09 Material agreement · New debt obligation EDGAR
2026-05-14 Shareholder vote results EDGAR
2026-04-27 Earnings results EDGAR
2026-03-31 Bylaws or fiscal year change EDGAR
2026-02-25 Material agreement · New debt obligation EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-01-26 0001035443-26-000013 EDGAR
2025-01-27 0001035443-25-000067 EDGAR
2024-01-29 0001035443-24-000072 EDGAR
2023-01-30 0001035443-23-000099 EDGAR
2022-01-31 0001035443-22-000040 EDGAR
2021-02-01 0001035443-21-000044 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-10-26 0001035443-26-000076 EDGAR
2026-08-03 0001035443-26-000066 EDGAR
2026-04-27 0001035443-26-000042 EDGAR
2025-10-27 0001035443-25-000198 EDGAR
2025-07-21 0001035443-25-000179 EDGAR
2025-04-28 0001035443-25-000136 EDGAR
2024-10-21 0001035443-24-000298 EDGAR
2024-07-22 0001035443-24-000225 EDGAR
2024-04-22 0001035443-24-000158 EDGAR
2023-10-23 0001035443-23-000303 EDGAR
ETF Holders
191 ETFs hold ARE
25 shown · $1.95B total exposure · 0.03% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VNQ Vanguard Real Estate ETF Vanguard 0.42% $281.9M — 2026-09-30
2 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.01% $263.9M — 2026-09-30
3 VOO Vanguard S&P 500 ETF Vanguard 0.01% $195.4M — 2026-09-30
4 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.10% $186.0M — 2026-09-30
5 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.18% $180.4M — 2026-11-05
6 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.19% $121.1M — 2026-09-30
7 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.01% $94.5M $852.9B 2026-11-06
8 SPYD State Street® SPDR® Portfolio S&P 500® High Dividend ETF SPDR (State Street) 1.16% $90.2M $7.8B 2026-11-05
9 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.01% $86.8M $777.7B 2026-11-05
10 XLRE State Street® Real Estate Select Sector SPDR® ETF SPDR (State Street) 0.77% $65.1M $8.4B 2026-11-05
11 SCHH Schwab U.S. REIT ETF Nport 0.57% $63.4M — 2026-08-31
12 DFAR Dimensional US Real Estate ETF Dimensional 0.47% $40.9M — 2026-11-05
13 VXUS Vanguard Total International Stock ETF Vanguard 0.01% $38.1M — 2026-09-30
14 IWR iShares Russell Mid-Cap ETF iShares (BlackRock) 0.06% $32.9M $56.9B 2026-11-06
15 USRT iShares Core U.S. REIT ETF iShares (BlackRock) 0.66% $27.9M $4.2B 2026-11-06
16 VEA Vanguard FTSE Developed Markets ETF Vanguard 0.01% $25.2M — 2026-09-30
17 SCHM Schwab U.S. Mid-Cap ETF Nport 0.15% $22.3M — 2026-08-31
18 IYR iShares U.S. Real Estate ETF iShares (BlackRock) 0.53% $20.9M $4.0B 2026-11-06
19 REET iShares Global REIT ETF iShares (BlackRock) 0.43% $20.9M $4.9B 2026-11-06
20 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.01% $20.1M $177.9B 2026-11-05
21 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.02% $16.9M $82.9B 2026-11-06
22 RPV Invesco S&P 500 Pure Value ETF Invesco 0.91% $16.1M — 2026-11-05
23 REZ iShares Residential and Multisector Real Estate ETF iShares (BlackRock) 1.83% $15.4M $839.6M 2026-11-06
24 DFGR Dimensional Global Real Estate ETF Dimensional 0.35% $13.9M $4.0B 2026-11-05
25 RWR State Street® SPDR® Dow Jones® REIT ETF SPDR (State Street) 0.69% $12.8M $1.9B 2026-11-05
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$-8.42
TTM Revenue
$2.76B
TTM Net Income
$-1.43B
TTM Op. Cash Flow
$1.19B
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q3 '262026-09-30$671.18M$-637.69M$-3.74$341.82M
Q2 '262026-06-30$662.78M$-73.69M$-0.43$336.97M
Q1 '262026-03-31$671.02M$358.87M$2.10$196.62M
Q4 '252025-12-31$754.41M$-1.08B$-6.35$312.38M
Q3 '252025-09-30$751.94M$-232.75M$-1.38$433.48M
Q2 '252025-06-30$762.04M$-109.61M$-0.64$460.24M
Q1 '252025-03-31$758.16M$-11.60M$-0.07$207.95M
Q4 '242024-12-31$788.95M$-64.92M$-0.38$274.18M
Q3 '242024-09-30$791.61M$164.67M$0.96$477.39M
Q2 '242024-06-30$766.73M$42.92M$0.25$411.80M
Q1 '242024-03-31$769.11M$166.89M$0.97$341.16M
Q4 '232023-12-31$757.22M$-91.93M$-0.54$537.96M
Q3 2026 • period ending 2026-09-30 • filed 2026-10-26
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
0.41
P/S
2.78
EV/EBITDA
11.20
EV/Sales
7.13
ROE
-5.4%
ROA
-3.0%
Div Yield
7.61%
FCF Yield
16.18%
Debt/Equity
0.67
Current Ratio
—
Market Cap
$7.91B
as of 2026-11-09

ARE vs Peers

Related companies, largest first
Company Market cap P/E Revenue growth YTD IV rank
WELL Welltower Inc. $179.7B 106.6 +40.5% +31.8% 43
PLD PROLOGIS, INC. $120.7B 29.0 +7.2% +1.2% 44
EQIX Equinix, Inc. Common Stock REIT $100.2B 63.9 +11.1% +39.2% 36
AMT American Tower Corporation $87.6B 26.7 +5.3% +8.4% 38
SPG Simon Property Group, Inc. $73.7B 16.5 +14.9% +26.9% 29
DLR Digital Realty Trust, Inc. $65.9B 75.3 +20.0% +16.5% 83
O Realty Income Corporation $56.1B 43.2 +8.2% +4.0% 22
DOC Healthpeak Properties, Inc. $14.0B 38.5 +9.3% +28.2% 54
ARE Alexandria Real Estate Equities, Inc. $7.8B — −9.9% −5.3% 45
Peer median $80.6B 40.9 +10.2% +21.7% 40

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
7.26M
SI % of Float
4.21%
Days to Cover
3.20
Short Vol Ratio
61.1%
Free Float
172.37M
Float %
98.9%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-09-22