Discounted Cash Flow

Alexandria Real Estate Equities, Inc. REIT

ARE · Based on 10 years of SEC filings

DCF estimate unavailable — loss_in_2025

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $921.7m $-65.9m $290.2m -7.1% $-1.99
2017 $1.1b (22.4%) $169.1m (356.6%) $278.4m (-4.1%) 15.0% (309.6%) $1.59 (179.9%)
2018 $1.3b (17.7%) $379.3m (124.3%) $334.4m (20.1%) 28.6% (90.6%) $3.53 (122.0%)
2019 $1.5b (15.4%) $363.2m (-4.3%) $493.1m (47.5%) 23.7% (-17.0%) $3.13 (-11.3%)
2020 $1.9b (23.1%) $771.0m (112.3%) $707.9m (43.6%) 40.9% (72.4%) $6.03 (92.7%)
2021 $2.1b (12.1%) $571.2m (-25.9%) $601.6m (-15.0%) 27.0% (-33.9%) $3.83 (-36.5%)
2022 $2.6b (22.5%) $521.7m (-8.7%) $1.1b (74.8%) 20.1% (-25.4%) $3.18 (-17.0%)
2023 $2.9b (11.5%) $103.6m (-80.1%) $103.6m (-90.1%) 3.6% (-82.2%) $0.54 (-83.0%)
2024 $3.1b (8.0%) $322.9m (211.6%) $1.3b (1123.6%) 10.4% (188.5%) $1.80 (233.3%)
2025 $3.0b (-2.9%) $-1.4b (-542.7%) $1.2b (-7.3%) -47.2% (-555.8%) $-8.44 (-568.9%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model

loss_in_2025

Once the company meets all DCF eligibility criteria (sufficient history, profitability, growth trends), an estimate will become available automatically. No action is needed.