Alexandria Real Estate Equities, Inc. Financial Ratios — ARE&M.NS

Profitability (INR)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Return on Common Equity (%)	29.27	30.45	30.34	26.11	25.21	20.32	17.04	15.41	18.91	16.45	11.7	13.84	14.59	13.32	11.57
Return on Assets (%)	17.43	18.37	19.58	18.79	18.41	14.64	12.16	11.15	13.92	11.98	8.42	10.19	11.03	9.87	8.28
Return on Capital (%)	26.22	27.91	28.31	24.83	24.45	19.86	16.74	15.24	18.77	16.27	11.65	13.81	14.54	13.23	11.37
Return on Invested Capital (%)	24.79	26.11	26.31	23.12	22.75	18.26	15.13	14.44	17.63	15.1	10.6	13.49	13.33	11.12	8.31
Gross Margin (%)	30.68	31.38	32.21	32.69	35.45	32.82	30.64	30.1	33.42	32.11	27.8	30.84	31.25	30.79	30.51
EBITDA Margin (%)	12.86	13.55	14.75	13.69	14.92	12.48	10.83	10.38	11.82	11.54	7.48	9.79	10.21	8.67	6.62
Operating Margin (%)	12.86	13.55	14.75	13.69	14.92	12.48	10.83	10.38	11.82	11.54	7.48	9.79	10.21	8.67	6.62
Incremental Operating Margin (%)	14.34	16.28	22.17	9.04	27.64	-3.96	-1.08	6.7	237.12	5.48	-11.52	21.63	13.55	-7.17	-20.28
Pretax Margin (%)	13.48	14.26	15.63	14.48	15.65	13.24	11.82	10.79	12.34	12.24	7.99	9.64	10.73	9.96	8.77
Profit Margin (%)	9.1	9.69	10.7	9.76	10.65	9.02	7.8	7.14	9.7	9.07	5.92	7.07	8.02	7.39	6.51
Net Income to Common Margin (%)	9.1	9.69	10.7	9.76	10.65	9.02	7.8	7.14	9.7	9.07	5.92	7.07	8.02	7.39	6.51
Effective Tax Rate (%)	32.51	32.03	31.53	32.63	31.97	31.86	34.01	33.81	21.4	25.94	25.83	26.67	25.26	25.8	25.78
Dvd Payout Ratio (%)	10.33	11.26	11.71	15.71	32.82	- -	27.27	17.69	50.11	13.2	33.33	7.95	14.62	20.15	21.66
Sustainable Growth Rate (%)	26.25	27.02	26.78	22.01	16.94	20.32	12.4	12.68	9.43	14.28	7.8	12.74	12.46	10.63	9.06

Credit (INR)

Credit Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Total Debt	841	872	857	760	741	725	635	584	839	923	1,259	2,014	1,567	2,608	4,062
ST Debt	56	99	97	18	17	35	51	116	279	303	321	578	556	1,794	3,062
LT Debt	785	773	759	741	725	690	584	468	560	620	938	1,435	1,011	814	999
Total Debt/EBITDA	0.28	0.22	0.17	0.13	0.11	0.11	0.1	0.08	0.1	0.11	0.19	0.2	0.13	0.24	0.45
Net Debt/EBITDA	-0.47	-0.8	-0.41	- -	-0.01	-0.04	0.02	0.01	0.02	-0.08	-0.02	0.02	-0.04	-0.01	0.06
Total Debt/EBIT	0.28	0.22	0.17	0.13	0.11	0.11	0.1	0.08	0.1	0.11	0.19	0.2	0.13	0.24	0.45
Net Debt/EBIT	-0.47	-0.8	-0.41	- -	-0.01	-0.04	0.02	0.01	0.02	-0.08	-0.02	0.02	-0.04	-0.01	0.06
EBITDA to Interest Expense	537.02	33,388.17	168,816	192,221	136.17	120.13	146.3	117.14	74.1	82.14	45.17	35.74	39.11	37.89	30.41
EBITDA-CapEx/Interest Expense	382.92	27,171.5	58,407	39,711.67	33.96	40.61	59.81	29.06	6.86	29.81	-7.89	17.7	10.48	-3.11	-14.33
EBIT to Interest Expense	537.02	33,388.17	168,816	192,221	136.17	120.13	146.3	117.14	74.1	82.14	45.17	35.74	39.11	37.89	30.41
Interest Expense	6	- -	- -	- -	51	55	45	60	109	100	143	283	304	293	300
Common Equity/Total Assets	60.93	59.86	68.7	74.7	71.71	72.34	70.47	74.18	73.1	72.62	71.4	75.45	75.73	72.67	70.69
Long-Term Debt/Equity (%)	9.53	7.29	5.57	4.15	3.43	2.66	1.99	1.4	1.53	1.47	2.06	2.39	1.49	1.1	1.23
Long-Term Debt/Capital (%)	8.65	6.74	5.24	3.99	3.31	2.59	1.95	1.38	1.5	1.44	2	2.31	1.45	1.06	1.17
Long-Term Debt/Total Assets (%)	5.81	4.37	3.83	3.1	2.46	1.93	1.4	1.04	1.12	1.07	1.47	1.8	1.13	0.8	0.87
Total Debt/Equity (%)	10.21	8.23	6.29	4.26	3.5	2.79	2.16	1.75	2.3	2.19	2.77	3.35	2.3	3.53	5.01
Total Debt/Capital (%)	9.26	7.6	5.92	4.08	3.39	2.72	2.12	1.72	2.24	2.15	2.69	3.24	2.25	3.41	4.78
Total Debt/Total Assets (%)	6.22	4.92	4.32	3.18	2.51	2.02	1.52	1.3	1.68	1.59	1.97	2.53	1.75	2.56	3.55
Net Debt to Equity	-17.52	-30.41	-15.2	0.08	-0.2	-1.09	0.5	0.25	0.39	-1.49	-0.25	0.27	-0.66	-0.18	0.62
Net Debt/Capital (%)	-21.24	-43.7	-17.93	0.08	-0.2	-1.1	0.5	0.25	0.38	-1.49	-0.25	0.26	-0.66	-0.18	0.61
EBITDA	3,040	4,007	5,064	5,767	6,890	6,619	6,540	7,028	8,055	8,230	6,478	10,121	11,902	11,091	9,115
EBITDA-CapEx	2,167	3,261	1,752	1,191	1,718	2,238	2,674	1,743	746	2,987	-1,132	5,014	3,188	-911	-4,296
Operating Income (Loss)	3,040	4,007	5,064	5,767	6,890	6,619	6,540	7,028	8,055	8,230	6,478	10,121	11,902	11,091	9,115

Liquidity (INR)

Liquidity Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Cash Ratio	0.55	0.71	0.61	0.5	0.24	0.39	0.13	0.07	0.2	0.33	0.05	0.18	0.26	0.21	0.13
Current Ratio	2.28	2.18	2.39	2.78	2.21	2.32	2.17	2.44	2.02	2.12	1.85	2.33	2.24	1.84	1.64
Quick Ratio	0.55	0.71	0.61	0.5	0.24	0.39	0.13	0.07	0.2	0.33	0.05	0.18	0.26	0.21	0.13
CFO/Avg Current Liab	0.76	0.68	0.53	0.84	1.01	0.79	0.37	0.57	1.17	0.66	0.44	0.63	0.79	0.67	0.44
Common Equity/Total Assets	60.93	59.86	68.7	74.7	71.71	72.34	70.47	74.18	73.1	72.62	71.4	75.45	75.73	72.67	70.69
Long-Term Debt/Equity (%)	9.53	7.29	5.57	4.15	3.43	2.66	1.99	1.4	1.53	1.47	2.06	2.39	1.49	1.1	1.23
Long-Term Debt/Capital (%)	8.65	6.74	5.24	3.99	3.31	2.59	1.95	1.38	1.5	1.44	2	2.31	1.45	1.06	1.17
Long-Term Debt/Total Assets (%)	5.81	4.37	3.83	3.1	2.46	1.93	1.4	1.04	1.12	1.07	1.47	1.8	1.13	0.8	0.87
Total Debt/Equity (%)	10.21	8.23	6.29	4.26	3.5	2.79	2.16	1.75	2.3	2.19	2.77	3.35	2.3	3.53	5.01
Total Debt/Capital (%)	9.26	7.6	5.92	4.08	3.39	2.72	2.12	1.72	2.24	2.15	2.69	3.24	2.25	3.41	4.78
Total Debt/Total Assets (%)	6.22	4.92	4.32	3.18	2.51	2.02	1.52	1.3	1.68	1.59	1.97	2.53	1.75	2.56	3.55
CFO/Total Liabilities	56.52	47.2	44.9	65.35	66.44	55.76	26.13	46.62	87.47	50.55	34.73	48.32	58.1	48.62	33.3
CFO/CapEx	3.42	4.5	0.84	0.86	1.07	1.26	0.83	1.02	1.61	1.53	0.83	1.85	1.45	1.13	0.83
Altman's Z-Score	77.62	58.46	74.79	107.6	77.47	77.41	70.86	90.79	81.78	80.62	88.7	57.1	57.22	34.02	16.76

Working Capital (INR)

Working Capital Ratios API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Accounts Receivable Turnover	7.56	8.45	8.24	8.37	8.06	9.12	8.93	8.73	9.7	10.02	10.96	12.32	11.52	10.66	10.98
Days Sales Outstanding	48.29	43.22	44.29	43.63	45.3	40.02	40.87	41.81	37.63	36.41	33.29	29.63	31.67	34.24	33.24
Inventory Turnover	5.94	7.25	7.42	7.53	5.85	5.02	4.49	4.48	4.12	3.75	3.85	4.04	4.35	4.27	4.06
Days Inventory Outstanding	61.42	50.31	49.21	48.49	62.43	72.68	81.3	81.43	88.69	97.31	94.72	90.31	83.88	85.46	89.9
Accounts Payable Turnover	16.18	16.28	15.64	14.18	10.29	9.84	8.75	8.6	8.21	7.55	8.52	9.06	10.19	9.36	8.7
Accounts Payable Turnover Days	22.56	22.43	23.34	25.74	35.49	37.09	41.7	42.43	44.48	48.35	42.82	40.29	35.81	38.99	41.93
Cash Conversion Cycle	87.15	71.11	70.17	66.39	72.25	75.61	80.47	80.81	81.85	85.36	85.2	79.65	79.74	80.72	81.21
Inventory to Cash Days	-13.13	-7.1	-4.93	-4.86	-17.13	-32.67	-40.43	-39.61	-51.06	-60.89	-61.43	-60.69	-52.21	-51.22	-56.66
Inventories	2,666	2,929	3,350	4,181	6,016	8,170	10,497	10,614	11,430	14,389	18,046	17,340	19,484	21,954	25,147
Raw Materials	1,236	1,186	1,270	1,567	2,216	2,659	4,716	3,541	4,876	7,152	7,588	7,251	7,452	8,282	9,196
Work In Process	811	829	1,052	1,363	1,507	2,155	2,115	2,871	2,766	2,912	4,364	3,604	4,044	4,367	5,135
Finished Goods	608	905	1,016	1,244	2,286	3,350	3,661	4,196	3,783	4,320	6,087	6,471	7,974	9,290	10,807
Other Inventory	11	8	11	7	7	6	5	6	5	6	7	14	15	15	9

Enterprise Value (INR)

Enterprise Value API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Market Capitalization	651,391	658,212	743,055	1,045,347	1,029,519	1,225,061	1,389,757	1,692,219	1,764,247	2,054,953	2,610,176	1,763,158	1,969,104	1,446,904	794,542
- Cash & Cash Equivalents	2,283	4,095	2,929	746	784	1,007	487	502	326	969	349	949	983	1,578	2,260
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	841	872	857	760	741	725	635	584	839	923	1,259	2,014	1,567	2,608	4,062
Enterprise Value	649,949	654,989	740,983	1,043,830	1,028,759	1,222,799	1,389,126	1,692,177	1,762,860	2,051,428	2,610,687	1,762,505	1,966,112	1,444,605	794,968
Total Capital	9,075	11,470	14,484	18,604	21,900	26,655	30,009	33,935	37,392	43,023	46,784	62,084	69,554	76,499	85,051
Total Debt/Capital (%)	9.26	7.6	5.92	4.08	3.39	2.72	2.12	1.72	2.24	2.15	2.69	3.24	2.25	3.41	4.78
Total Debt / EV	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	0.01
EV/Sales	27.5	22.15	21.57	24.79	22.28	23.06	23	25	25.88	28.76	30.16	17.05	16.87	11.3	5.78
EV/EBITDA	213.83	163.48	146.31	181.01	149.31	184.73	212.42	240.77	218.86	249.26	403.03	174.14	165.19	130.25	87.22
EV/EBIT	213.83	163.48	146.31	181.01	149.31	184.73	212.42	240.77	218.86	249.26	403.03	174.14	165.19	130.25	87.22
EV/Cash Flow to Firm	217.48	195.24	265.82	264.24	184.32	219.67	427.94	310.43	148.75	253.38	405.45	182.56	152.56	105.21	69.7
EV/Free Cash Flow to Firm	168.35	159.73	121.48	122.44	95.67	122.92	195.32	157.62	92.01	153.78	185.84	119.4	91.01	56.14	32.03
Diluted Market Cap	635,701	658,212	743,055	1,045,347	1,029,519	1,225,061	1,389,757	1,692,219	1,764,247	2,054,953	2,610,176	1,889,221	1,969,104	1,446,904	794,542
Diluted Enterprise Value	634,258	654,989	740,983	1,045,360	1,029,476	1,224,779	1,389,905	1,692,301	1,764,760	2,054,907	2,611,086	1,890,286	1,969,687	1,447,934	796,344
EV per Share	3,713.39	3,834.55	4,337.99	6,110.97	6,022.74	7,158.72	8,132.46	9,906.63	10,320.44	12,009.82	15,283.93	10,318.36	10,742.29	7,892.92	4,343.48
TTM Sales	23,633	29,574	34,345	42,113	46,178	53,022	60,409	67,695	68,128	71,332	86,547	103,393	116,537	127,856	137,600
TTM EBITDA	3,040	4,007	5,064	5,767	6,890	6,619	6,540	7,028	8,055	8,230	6,478	10,121	11,902	11,091	9,115
TTM Operating Income	3,040	4,007	5,064	5,767	6,890	6,619	6,540	7,028	8,055	8,230	6,478	10,121	11,902	11,091	9,115
TTM Cash Flow to Firm	2,989	3,355	2,788	3,950	5,582	5,566	3,246	5,451	11,851	8,096	6,439	9,654	12,888	13,730	11,405
TTM Free Cash Flow to Firm	3,861	4,101	6,100	8,526	10,753	9,948	7,112	10,736	19,160	13,340	14,048	14,762	21,602	25,732	24,816

Multiples (INR)

Valuation Multiples API ChatGPT

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y	2026 Y
As of date	03/31/2012	03/31/2013	03/31/2014	03/31/2015	03/31/2016	03/31/2017	03/31/2018	03/31/2019	03/31/2020	03/31/2021	03/31/2022	03/31/2023	03/31/2024	03/31/2025	03/31/2026

Price/Free Cash Flow	164.82	160.51	121.82	122.61	96.05	123.61	196.22	158.21	92.49	154.91	187.22	129.81	92.12	56.71	32.31
EV/EBIT	213.83	163.48	146.31	181.01	149.31	184.73	212.42	240.77	218.86	249.26	403.03	174.14	165.19	130.25	87.22
Enterprise Value	649,949	654,989	740,983	1,043,830	1,028,759	1,222,799	1,389,126	1,692,177	1,762,860	2,051,428	2,610,687	1,762,505	1,966,112	1,444,605	794,968
Low Price	2,767.64	3,519.49	3,662.48	4,259.9	4,818.68	5,956.18	7,142.39	7,657.3	8,341.22	9,712.63	12,015.98	9,469.48	7,561.46	7,789.27	3,975.48
EV/Sales	27.5	22.15	21.57	24.79	22.28	23.06	23	25	25.88	28.76	30.16	17.05	16.87	11.3	5.78
EV/EBITDA	213.83	163.48	146.31	181.01	149.31	184.73	212.42	240.77	218.86	249.26	403.03	174.14	165.19	130.25	87.22
Price/Earnings	295.59	229.58	202.23	254.43	209.41	256.03	294.86	350.19	266.99	317.7	509.23	258.5	210.74	153.17	88.7
Price/Earnings Average	275.79	247.39	205.94	255.41	245.28	299.79	324.95	356.54	304.03	353.58	514.96	335.67	230.32	300.9	145.73
Price/Earnings High	440.54	949.14	1,101.64	2,329.29	2,226.2	2,300.96	2,027.45	2,173.29	1,475.52	1,938.34	1,867.16	1,322.67	1,414.88	2,772.83	1,844.97
Price/Earnings Low	219.82	209.68	170.26	177.1	167.42	212.62	258.85	270.67	215.62	256.49	400.43	237.15	148.11	150.91	81.23
Price/Book Value	79.1	62.11	54.53	58.58	48.66	47.24	47.31	50.74	48.27	48.81	57.34	29.35	28.96	19.58	9.81
Price/Book Value Average	73.81	66.93	55.53	58.81	56.99	55.32	52.14	51.66	54.96	54.32	57.98	38.11	31.65	38.47	16.12
Price/Book Value High	117.89	256.76	297.04	536.3	517.27	424.59	325.32	314.9	266.74	297.81	210.23	150.18	194.45	354.49	204.06
Price/Book Value Low	58.83	56.72	45.91	40.78	38.9	39.23	41.53	39.22	38.98	39.41	45.08	26.93	20.36	19.29	8.98
Price/Tangible Book Value	79.35	62.33	54.67	58.73	48.75	47.34	47.39	52.06	49.59	49.96	58.36	31.99	31.29	20.95	10.51
Price/Tangible Book Value Average	74.03	67.17	55.68	58.96	57.11	55.43	52.23	53	56.47	55.6	59.02	41.54	34.19	41.16	17.26
Price/Tangible Book Value High	118.26	257.7	297.83	537.66	518.3	425.42	325.88	323.09	274.06	304.82	213.98	163.69	210.06	379.29	218.58
Price/Tangible Book Value Low	59.01	56.93	46.03	40.88	38.98	39.31	41.61	40.24	40.05	40.33	45.89	29.35	21.99	20.64	9.62
Price/Sales	26.9	22.26	21.63	24.82	22.29	23.1	23.01	25	25.9	28.81	30.16	18.27	16.9	11.32	5.77
Price/Sales Average	25.1	23.98	22.03	24.92	26.11	27.05	25.35	25.45	29.49	32.06	30.5	23.73	18.47	22.23	9.49
Price/Sales High	40.09	92.01	117.86	227.25	237.01	207.65	158.18	155.14	143.12	175.77	110.58	93.49	113.44	204.87	120.11
Price/Sales Low	20	20.33	18.21	17.28	17.82	19.19	20.2	19.32	20.91	23.26	23.72	16.76	11.88	11.15	5.29
Price/Cash Flow	212.98	196.21	266.57	264.63	185.6	221.57	432.06	312.71	149.95	256.16	412.18	199.99	155.53	107.07	71.05
Price/Cash Flow Average	198.72	211.44	271.46	265.65	217.39	259.45	476.15	318.38	170.76	285.1	416.82	259.69	169.98	210.35	116.73
Price/Cash Flow High	317.43	811.18	1,452.13	2,422.66	1,973.04	1,991.33	2,970.77	1,940.72	828.71	1,562.9	1,511.31	1,023.27	1,044.25	1,938.42	1,477.85
Price/Cash Flow Low	158.39	179.21	224.43	184.2	148.38	184.01	379.29	241.71	121.1	206.81	324.11	183.47	109.31	105.5	65.06
Price/Free Cash Flow Average	153.78	172.97	124.06	123.09	112.5	144.74	216.24	161.08	105.33	172.41	189.33	168.56	100.68	111.41	53.08
Price/Free Cash Flow High	245.64	663.61	663.6	1,122.53	1,021.06	1,110.93	1,349.17	981.85	511.18	945.14	686.46	664.16	618.5	1,026.64	671.99
Price/Free Cash Flow Low	122.57	146.6	102.56	85.35	76.79	102.66	172.25	122.28	74.7	125.06	147.22	119.08	64.75	55.88	29.59
EV/Sales Average	25.66	23.87	21.97	24.92	26.11	27.05	25.36	25.45	29.5	32.06	30.51	22.15	18.47	22.24	9.5
EV/Sales High	41.02	91.91	117.8	227.25	237.01	207.64	158.19	155.14	143.12	175.76	110.59	87.26	113.45	204.88	120.12
EV/Sales Low	20.44	20.22	18.15	17.28	17.82	19.18	20.2	19.32	20.92	23.26	23.73	15.65	11.88	11.16	5.3
EV/EBITDA Average	199.48	176.23	149.01	181.98	175.01	216.66	234.22	245.16	249.49	277.88	407.62	226.31	180.86	256.39	143.41
EV/EBITDA High	318.93	678.38	798.85	1,659.58	1,588.43	1,663.23	1,461.24	1,494.3	1,210.58	1,523.38	1,477.59	891.44	1,110.81	2,361.9	1,813.41
EV/EBITDA Low	158.9	149.24	123.12	126.18	119.45	153.66	186.58	186.12	176.95	201.57	316.99	159.92	116.33	128.64	80.03
EV/EBIT Average	199.48	176.23	149.01	181.98	175.01	216.66	234.22	245.16	249.49	277.88	407.62	226.31	180.86	256.39	143.41
EV/EBIT High	318.93	678.38	798.85	1,659.58	1,588.43	1,663.23	1,461.24	1,494.3	1,210.58	1,523.38	1,477.59	891.44	1,110.81	2,361.9	1,813.41
EV/EBIT Low	158.9	149.24	123.12	126.18	119.45	153.66	186.58	186.12	176.95	201.57	316.99	159.92	116.33	128.64	80.03
Last Price	3,721.63	3,853.42	4,350.12	6,119.85	6,027.19	7,171.97	8,136.16	9,906.88	10,328.56	12,030.46	15,280.94	10,322.18	10,758.64	7,905.49	4,341.16
High Price	5,546.67	15,931.05	23,697.4	56,027.4	64,074.2	64,455.92	55,943.15	61,482.54	57,081.55	73,400.67	56,029.29	52,814.77	72,232.37	143,117.27	90,297.3
Enterprise Value Average	606,320	706,068	754,637	1,049,410	1,205,843	1,434,190	1,531,723	1,722,986	2,009,561	2,287,027	2,640,444	2,290,573	2,152,616	2,843,536	1,307,163
Enterprise Value High	969,382	2,718,000	4,045,741	9,570,193	10,944,631	11,009,595	9,555,938	10,502,068	9,750,754	12,537,706	9,571,414	9,022,488	13,220,940	26,195,121	16,528,498
Enterprise Value Low	482,973	597,951	623,525	727,658	823,048	1,017,106	1,220,158	1,308,045	1,425,298	1,658,993	2,053,390	1,618,570	1,384,523	1,426,663	729,415

Shares Outstanding	175	171	171	171	171	171	171	171	171	171	171	171	183	183	183
Diluted Weighted Avg Shares	171	171	171	171	171	171	171	171	171	171	171	183	183	183	183
Basic Weighted Avg Shares	171	171	171	171	171	171	171	171	171	171	171	183	183	183	183
Revenue per Share	138.36	173.14	201.07	246.55	270.34	310.41	353.66	396.31	398.85	417.61	506.68	564.91	636.73	698.57	751.81
EBITDA per Share	17.79	23.46	29.65	33.76	40.34	38.75	38.29	41.15	47.15	48.18	37.92	55.3	65.03	60.6	49.8
Operating Income per Share	17.79	23.46	29.65	33.76	40.34	38.75	38.29	41.15	47.15	48.18	37.92	55.3	65.03	60.6	49.8
Basic EPS, GAAP	12.59	16.78	21.51	24.05	28.78	28.01	27.59	28.29	38.69	37.87	30.01	39.93	51.05	51.61	48.94
Basic EPS from Cont Ops	12.59	16.78	21.51	24.05	28.78	28.01	27.59	28.29	38.69	37.87	30.01	39.93	51.05	51.61	48.94
Diluted EPS, GAAP	12.59	16.78	21.51	24.05	28.78	28.01	27.59	28.29	38.69	37.87	30.01	39.93	51.05	51.61	48.94
Diluted EPS from Cont Ops	12.59	16.78	21.51	24.05	28.78	28.01	27.59	28.29	38.69	37.87	30.01	39.93	51.05	51.61	48.94
Dividend per Share	1.3	1.89	2.52	3.78	9.45	- -	7.52	5	19.39	5	10	3.17	7.47	10.4	10.6
Cash Flow per Share	17.47	19.64	16.32	23.13	32.47	32.37	18.83	31.68	68.88	46.96	37.07	51.61	69.17	73.83	61.1
Free Cash Flow per Basic Share	12.37	15.27	-3.07	-3.66	2.2	6.72	-3.8	0.74	26.09	16.27	-7.47	23.71	21.56	8.26	-12.17
Cash & Equivalents per Share	13.04	23.97	17.15	13.33	8.79	17.49	7.41	3.67	13.04	26.04	4.38	15.61	24.91	26.81	19.87
Book Value per Share	47.05	62.05	79.78	104.47	123.87	151.81	171.97	195.25	214	246.47	266.52	351.67	371.46	403.72	442.5
Tangible Book Value per Share	46.9	61.82	79.57	104.21	123.62	151.51	171.67	190.29	208.28	240.8	261.84	322.66	343.87	377.33	413.1

Alexandria Real Estate Equities, Inc.

Profitability (INR)

Credit (INR)

Liquidity (INR)

Working Capital (INR)

Enterprise Value (INR)

Multiples (INR)

Per Share Data Items (INR)