AREAlexandria Real Estate Equities
Is it safe?
Nothing alarming, nothing pristine: insiders quiet, heavy debt (CCC), and typical volatility.
Insiders were net sellers (-$879K, 90 days to Oct 22, 2026), selling is often routine.
Debt against weak or negative operating profit. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -78% · now 43% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can ARE take a bad year?
Alexandria Real Estate Equities carries $12.3B of net debt as at Q2 2026, with no operating profit to service it.
Net debt · as at Q2 2026 · debt less the cash on hand, with no positive EBITDA to service it
- Cash runway
- 1.0 years
Cash runway · burning $115M a quarter at the current rate
- Annualised volatility
- 40%
Annualised volatility · S&P 500 16% · roughly twice as jumpy as the market
- Worst drawdown on file
- −78%
Worst drawdown on file · −43% today
Details›
- Total debtQ2 2026
- $12.8B
- Cash and short-term investments
- $470M
- Net debt
- $12.3B
- EBITDA, trailing twelve months
- −$710M
- Operating profit, trailing twelve months
- −$1.98B
- Debt / equity
- 0.82×
- Annualised volatilitytwo years of daily moves
- 40%
- Worst drawdown on file
- −78%
- Below its 52-week high
- 43%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
The balance sheet
What it owes against what it owns, and how close that comes to trouble.
How far can it fall?
How much the price moves, how deep and how long its falls have run, and what each unit of risk has paid.
REIT, Office
The closest names by size in the same industry