Alexandria Real Estate Equities, Inc. Financial Ratios — A6W

Profitability (USD)

	2011 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	3.72	2.47	3.34	2.17	3.37	-2.08	3.06	5.69	4.46	7.49	4.09	2.97	0.55	1.78	-8.57
Return on Assets (%)	2.11	1.49	1.86	1.3	1.69	-0.69	1.51	2.86	2.21	3.74	2.15	1.59	0.29	0.87	-3.99
Return on Capital (%)	3.24	2.6	2.92	2.4	3.14	- -	2.62	4.17	3.24	4.6	2.54	1.52	- -	0.92	- -
Return on Invested Capital (%)	2.98	2.3	2.8	2.34	2.71	- -	2.9	2.91	2.34	2.11	1.58	1.77	0.68	1.57	- -
Gross Margin (%)	70.42	69.08	69.56	69.58	68.13	68.98	70.99	71.01	70.63	71.77	70.42	69.6	69.77	70.19	68.67
EBITDA Margin (%)	62.64	60.9	61.69	54.9	57.99	38.18	63.98	63.57	59.51	55.83	54.95	57.18	43.25	54.54	-11.38
Operating Margin (%)	34.38	27.3	31.29	31.04	28.97	26.94	27.17	27.81	27.55	27.5	24.29	23.81	24.29	25.24	18.85
Incremental Operating Margin (%)	5.68	- -	67.08	29.47	13.92	5.62	28.08	31.52	25.9	27.29	- -	21.65	28.9	38.24	205.35
Pretax Margin (%)	21.83	17.31	22.44	14.65	17.83	-5.55	17.3	30.64	26.64	44.04	31.03	26.04	9.89	16.75	-41.31
Profit Margin (%)	24.66	18.28	21.94	14.1	17.6	-7.34	15.07	28.85	23.94	41.05	27.1	20.25	3.65	10.59	-48.54
Net Income to Common Margin (%)	19.34	13.39	17.77	10.53	14.55	-9.6	14.38	28.46	23.73	41.05	27.1	20.25	3.65	10.59	-48.54
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	116.26	174.47	143.9	238.18	177.22	-449.81	148.4	90.4	101.41	60.33	88.97	92.44	184.9	128.64	-90.79
Sustainable Growth Rate (%)	-0.6	-1.84	-1.47	-3	-2.6	-11.43	-1.48	0.55	-0.06	2.97	0.45	0.22	-0.47	-0.51	-16.35

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	2,779	3,182	3,061	3,679	3,936	4,164	4,765	5,478	7,049	7,909	9,227	10,566	11,699	12,752	12,761
ST Debt	370	566	204	304	151	28	50	208	384	100	270	- -	100	- -	353
LT Debt	2,409	2,616	2,857	3,375	3,785	4,136	4,715	5,270	6,665	7,809	8,957	10,566	11,599	12,752	12,408
Total Debt/EBITDA	8.33	9.35	7.99	9.3	8.28	12.15	6.64	6.55	7.81	7.54	7.96	7.17	9.52	7.67	-38.07
Net Debt/EBITDA	8.09	8.94	7.84	9.08	8.02	11.79	6.28	6.27	7.3	6.67	7.28	6.34	8.7	7.03	-35.36
Total Debt/EBIT	15.81	21.46	15.92	21.46	18.39	142.11	15.82	15.3	19.69	19.39	23.52	19.38	51.01	23.33	-7.74
Net Debt/EBIT	15.37	20.51	15.62	20.96	17.81	137.84	14.97	14.64	18.4	17.15	21.49	17.12	46.65	21.39	-7.19
EBITDA to Interest Expense	5.27	4.92	5.64	4.99	4.49	3.2	5.58	5.31	5.2	6.11	8.15	15.64	16.57	8.95	-1.48
EBITDA-CapEx/Interest Expense	-6.33	4.92	5.64	4.99	4.49	3.2	5.58	5.31	5.2	6.11	8.15	15.64	16.57	8.95	-1.48
EBIT to Interest Expense	2.89	2.21	2.86	2.82	2.24	2.26	2.37	2.32	2.41	3.01	3.6	6.51	9.3	4.14	2.45
Interest Expense	63	69	68	79	106	107	129	157	174	172	142	94	74	186	227
Common Equity/Total Assets	45.55	42.82	46.97	42.54	40.63	45.19	48.54	50.31	48.21	51.37	53.57	53.41	50.23	47.67	45.39
Long-Term Debt/Equity (%)	70.18	74.68	71.8	86.32	88.14	76.85	72.72	66.76	65.56	58.09	47.06	46.58	51.27	56.93	64.77
Long-Term Debt/Capital (%)	38.78	39.13	40.58	44.47	45.99	43.33	41.92	39.41	38.72	36.57	31.69	31.78	33.79	36.28	38.87
Long-Term Debt/Total Assets (%)	36.65	36.59	37.94	41.48	42.62	39.94	38.95	36.43	36.24	34.21	29.64	29.75	31.54	33.98	36.41
Total Debt/Equity (%)	80.96	90.83	76.93	94.09	91.66	77.37	73.5	69.39	69.34	58.83	48.48	46.58	51.71	56.93	66.62
Total Debt/Capital (%)	44.74	47.6	43.48	48.48	47.82	43.62	42.36	40.97	40.95	37.04	32.65	31.78	34.09	36.28	39.98
Total Debt/Total Assets (%)	42.28	44.5	40.65	45.21	44.32	40.21	39.37	37.87	38.33	34.65	30.53	29.75	31.81	33.98	37.44
Net Debt to Equity	78.67	86.81	75.48	91.89	88.74	75.04	69.57	66.43	64.8	52.03	44.29	41.15	47.29	52.2	61.87
Net Debt/Capital (%)	44.03	46.47	43.01	47.89	47.02	42.87	41.03	39.91	38.69	33.65	30.22	28.79	31.74	33.79	37.78
EBITDA	334	340	383	396	475	343	718	836	903	1,049	1,159	1,473	1,229	1,663	-335
EBITDA-CapEx	-401	340	383	396	475	343	718	836	903	1,049	1,159	1,473	1,229	1,663	-335
Operating Income (Loss)	183	153	194	224	237	242	305	366	418	517	512	613	690	770	555

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.12	0.15	0.09	0.11	0.19	0.18	0.34	0.22	0.15	0.5	0.21	0.49	0.31	0.28	0.25
Current Ratio	0.17	0.2	0.15	0.23	0.3	0.29	0.47	0.33	0.27	0.64	0.41	0.58	0.39	0.4	0.43
Quick Ratio	0.14	0.16	0.11	0.15	0.23	0.25	0.41	0.27	0.19	0.54	0.26	0.53	0.34	0.37	0.4
CFO/Avg Current Liab	- -	0.39	0.4	0.48	0.48	0.58	0.62	0.63	0.59	0.73	0.7	0.76	0.89	0.76	0.68
Common Equity/Total Assets	45.55	42.82	46.97	42.54	40.63	45.19	48.54	50.31	48.21	51.37	53.57	53.41	50.23	47.67	45.39
Long-Term Debt/Equity (%)	70.18	74.68	71.8	86.32	88.14	76.85	72.72	66.76	65.56	58.09	47.06	46.58	51.27	56.93	64.77
Long-Term Debt/Capital (%)	38.78	39.13	40.58	44.47	45.99	43.33	41.92	39.41	38.72	36.57	31.69	31.78	33.79	36.28	38.87
Long-Term Debt/Total Assets (%)	36.65	36.59	37.94	41.48	42.62	39.94	38.95	36.43	36.24	34.21	29.64	29.75	31.54	33.98	36.41
Total Debt/Equity (%)	80.96	90.83	76.93	94.09	91.66	77.37	73.5	69.39	69.34	58.83	48.48	46.58	51.71	56.93	66.62
Total Debt/Capital (%)	44.74	47.6	43.48	48.48	47.82	43.62	42.36	40.97	40.95	37.04	32.65	31.78	34.09	36.28	39.98
Total Debt/Total Assets (%)	42.28	44.5	40.65	45.21	44.32	40.21	39.37	37.87	38.33	34.65	30.53	29.75	31.81	33.98	37.44
CFO/Total Liabilities	7.86	8.38	8.81	7.91	7.47	7.91	8.02	8.68	8.32	9.4	9.03	10.08	11.52	9.94	9.47
CFO/CapEx	0.34	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.89	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	70.16	67.62	70.4	77.93	88.73	112.2	131.08	148.07	208.41	286.6	343.63	359.24	417.2	450.3
Days Sales Outstanding	- -	5.2	5.4	5.18	4.68	4.11	3.25	2.78	2.47	1.75	1.27	1.06	1.02	0.87	0.81
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	4,235	4,276	4,467	6,290	6,560	8,331	13,311	13,809	19,634	24,286	34,914	24,683	22,013	17,063	8,245
- Cash & Cash Equivalents	79	141	58	86	125	125	254	234	190	569	361	825	618	552	549
+ Preferred Equity and Hybrid Capital	380	380	380	367	367	217	74	64	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	59	61	62	81	319	486	534	553	1,301	1,718	2,844	3,711	4,152	4,509	3,686
+ Total Debt	2,779	3,182	3,061	3,679	3,936	4,164	4,765	5,478	7,049	7,909	9,227	10,566	11,699	12,752	12,761
Enterprise Value	7,374	7,758	7,913	10,331	11,056	13,073	18,429	19,670	27,794	33,345	46,623	38,135	37,245	33,771	24,144
Total Capital	6,212	6,685	7,040	7,588	8,230	9,546	11,248	13,373	17,216	21,353	28,260	33,250	34,322	35,150	31,918
Total Debt/Capital (%)	44.74	47.6	43.48	48.48	47.82	43.62	42.36	40.97	40.95	37.04	32.65	31.78	34.09	36.28	39.98
Total Debt / EV	0.38	0.41	0.39	0.36	0.36	0.32	0.26	0.28	0.25	0.24	0.2	0.28	0.31	0.38	0.53
EV/Sales	13.84	13.88	12.74	14.34	13.49	14.57	16.42	14.96	18.32	17.75	22.11	14.8	13.1	11.07	8.2
EV/EBITDA	22.09	22.8	20.65	26.12	23.26	38.15	25.67	23.53	30.79	31.8	40.24	25.89	30.29	20.3	- -
EV/EBIT	41.96	52.32	41.14	60.27	51.67	446.16	61.17	54.92	77.63	81.77	118.86	69.95	162.41	61.78	- -
EV/Cash Flow to Firm	23.76	20.7	20.79	24.98	24.66	- -	31.8	27.03	32.41	31.63	40.46	27.46	21.85	19.98	- -
EV/Free Cash Flow to Firm	- -	20.7	20.79	24.98	24.66	- -	31.8	27.03	32.41	31.63	40.46	27.46	21.85	19.98	- -
Diluted Market Cap	4,065	4,203	4,270	6,264	6,467	7,232	12,281	12,853	18,288	22,474	32,576	23,369	21,885	17,049	8,234
Diluted Enterprise Value	7,204	7,685	7,716	10,305	10,964	11,975	17,399	18,714	26,449	31,533	44,285	36,821	37,117	33,758	24,133
EV per Share	119.79	122.67	111.18	144.56	152.4	149.13	184.69	177.19	230.08	243.95	295	223.34	216.65	196.11	141.57
TTM Sales	533	559	621	720	820	897	1,122	1,315	1,517	1,878	2,108	2,576	2,842	3,050	2,945
TTM EBITDA	334	340	383	396	475	343	718	836	903	1,049	1,159	1,473	1,229	1,663	-335
TTM Operating Income	183	153	194	224	237	242	305	366	418	517	512	613	690	770	555
TTM Cash Flow to Firm	310	375	381	414	448	- -	580	728	858	1,054	1,152	1,389	1,705	1,690	- -
TTM Free Cash Flow to Firm	-425	375	381	414	448	- -	580	728	858	1,054	1,152	1,389	1,705	1,690	- -

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	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
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	-8.33	13.76	13.66	18.74	18.88	18.38	27.24	22.53	26.74	25.47	32.25	18.05	13.42	11.33	5.82
EV/EBIT	41.96	52.32	41.14	60.27	51.67	446.16	61.17	54.92	77.63	81.77	118.86	69.95	162.41	61.78	- -
Enterprise Value	7,374	7,758	7,913	10,331	11,056	13,073	18,429	19,670	27,794	33,345	46,623	38,135	37,245	33,771	24,144
Low Price	58.96	64.26	60.74	63.88	85.35	86.89	91.93	122.66	121.87	127.96	156.12	130.19	91.38	96.09	44.02
EV/Sales	13.84	13.88	12.74	14.34	13.49	14.57	16.42	14.96	18.32	17.75	22.11	14.8	13.1	11.07	8.2
EV/EBITDA	22.09	22.8	20.65	26.12	23.26	38.15	25.67	23.53	30.79	31.8	40.24	25.89	30.29	20.3	- -
Price/Earnings	39.43	56.19	38.7	82.56	54.24	- -	75.65	34.24	50.66	29.06	56.82	44.8	211.16	52.79	- -
Price/Earnings Average	41.92	58.95	42.08	70.9	54.96	- -	68.13	34.39	45.21	26.46	48.3	51	201.58	62.44	- -
Price/Earnings High	47.73	63.13	47.81	83.51	58.05	- -	75.65	35.62	50.8	29.1	56.93	68.3	277.75	68.8	- -
Price/Earnings Low	33.79	53.4	37.45	59.92	51.2	- -	52.13	33.76	37.99	20.93	40.15	40.34	150.69	51.2	- -
Price/Book Value	1.41	1.4	1.26	1.82	1.82	1.78	2.27	1.9	2.21	2.07	2.16	1.3	1.19	0.95	0.53
Price/Book Value Average	1.5	1.47	1.37	1.56	1.84	1.75	2.04	1.91	1.98	1.89	1.83	1.48	1.14	1.13	0.85
Price/Book Value High	1.71	1.57	1.56	1.84	1.95	1.83	2.27	1.97	2.22	2.07	2.16	1.98	1.57	1.24	1.13
Price/Book Value Low	1.21	1.33	1.22	1.32	1.72	1.63	1.56	1.87	1.66	1.49	1.52	1.17	0.85	0.92	0.49
Price/Tangible Book Value	1.41	1.4	1.26	1.82	1.82	1.78	2.27	1.9	2.21	2.07	2.16	1.3	1.19	0.95	0.53
Price/Tangible Book Value Average	1.5	1.47	1.37	1.56	1.84	1.75	2.04	1.91	1.98	1.89	1.83	1.48	1.14	1.13	0.85
Price/Tangible Book Value High	1.71	1.57	1.56	1.84	1.95	1.83	2.27	1.97	2.22	2.07	2.16	1.98	1.57	1.24	1.13
Price/Tangible Book Value Low	1.21	1.33	1.22	1.32	1.72	1.63	1.56	1.87	1.66	1.49	1.52	1.17	0.85	0.92	0.49
Price/Sales	7.63	7.52	6.88	8.7	7.89	8.06	10.88	9.75	12.02	11.93	15.4	9.07	7.7	5.59	2.8
Price/Sales Average	8.11	7.89	7.48	7.47	8	7.92	9.8	9.79	10.73	10.86	13.09	10.33	7.35	6.61	4.47
Price/Sales High	9.23	8.45	8.49	8.8	8.45	8.26	10.88	10.14	12.06	11.95	15.43	13.83	10.13	7.29	5.94
Price/Sales Low	6.54	7.15	6.65	6.31	7.45	7.37	7.5	9.61	9.02	8.59	10.88	8.17	5.49	5.42	2.55
Price/Cash Flow	16.46	13.76	13.66	18.74	18.88	18.38	27.08	22.47	26.67	25.39	32.13	18.05	13.42	11.33	5.82
Price/Cash Flow Average	17.49	14.43	14.85	16.09	19.13	18.06	24.39	22.57	23.8	23.11	27.31	20.55	12.81	13.4	9.3
Price/Cash Flow High	19.92	15.46	16.87	18.95	20.2	18.84	27.08	23.37	26.74	25.42	32.19	27.53	17.65	14.77	12.37
Price/Cash Flow Low	14.1	13.07	13.21	13.6	17.82	16.8	18.66	22.15	20	18.28	22.71	16.26	9.58	10.99	5.3
Price/Free Cash Flow Average	-8.85	14.43	14.85	16.09	19.13	18.06	24.53	22.64	23.87	23.19	27.41	20.55	12.81	13.4	9.3
Price/Free Cash Flow High	-10.08	15.46	16.87	18.95	20.2	18.84	27.24	23.44	26.82	25.5	32.31	27.53	17.65	14.77	12.37
Price/Free Cash Flow Low	-7.14	13.07	13.21	13.6	17.82	16.8	18.77	22.22	20.05	18.34	22.79	16.26	9.58	10.99	5.3
EV/Sales Average	14.34	14.26	13.37	13.11	13.6	14.41	15.24	15.01	16.93	16.6	19.63	16.13	12.75	12.1	9.87
EV/Sales High	15.51	14.83	14.43	14.44	14.05	14.8	16.42	15.38	18.36	17.77	22.15	19.83	15.55	12.77	11.34
EV/Sales Low	12.7	13.51	12.51	11.95	13.04	13.77	12.73	14.81	15.09	14.14	17.26	13.85	10.89	10.9	7.95
EV/EBITDA Average	22.89	23.42	21.67	23.87	23.45	37.73	23.82	23.61	28.45	29.72	35.73	28.21	29.48	22.18	- -
EV/EBITDA High	24.77	24.35	23.4	26.3	24.23	38.76	25.67	24.2	30.85	31.83	40.3	34.68	35.94	23.41	- -
EV/EBITDA Low	20.28	22.18	20.28	21.76	22.49	36.07	19.9	23.3	25.35	25.32	31.4	24.22	25.17	19.99	- -
EV/EBIT Average	43.48	53.74	43.17	55.09	52.08	441.28	56.78	55.1	71.73	76.44	105.52	76.22	158.05	67.48	- -
EV/EBIT High	47.03	55.88	46.61	60.7	53.82	453.29	61.17	56.47	77.78	81.85	119.04	93.71	192.67	71.25	- -
EV/EBIT Low	38.51	50.89	40.39	50.21	49.95	421.8	47.44	54.38	63.91	65.1	92.76	65.45	134.92	60.84	- -
Last Price	68.8	67.61	62.76	88.02	90.42	95.03	133.39	124.39	162.53	177.67	220.91	144.56	128.05	99.08	48.35
High Price	83.29	75.97	77.53	89.03	96.76	97.41	133.39	129.4	162.97	177.91	221.36	220.41	168.43	129.13	102.68
Enterprise Value Average	7,641	7,969	8,302	9,442	11,143	12,930	17,106	19,733	25,681	31,170	41,389	41,552	36,246	36,888	29,073
Enterprise Value High	8,266	8,287	8,964	10,404	11,517	13,282	18,429	20,226	27,847	33,378	46,694	51,087	44,187	38,946	33,409
Enterprise Value Low	6,769	7,546	7,768	8,606	10,689	12,359	14,291	19,478	22,883	26,549	36,383	35,682	30,941	33,256	23,406

Shares Outstanding	62	63	71	71	73	88	100	111	121	137	158	171	172	172	171
Diluted Weighted Avg Shares	59	62	68	71	72	76	92	103	113	126	147	162	171	172	170
Basic Weighted Avg Shares	59	62	68	71	72	76	92	103	112	126	147	162	171	172	170
Revenue per Share	9.02	8.99	9.13	10.12	11.46	11.79	12.26	12.76	13.52	14.89	14.35	15.94	16.63	17.72	17.29
EBITDA per Share	5.65	5.47	5.63	5.56	6.64	4.5	7.84	8.11	8.04	8.32	7.89	9.11	7.19	9.67	-1.97
Operating Income per Share	3.1	2.45	2.86	3.14	3.32	3.18	3.33	3.55	3.72	4.1	3.49	3.79	4.04	4.47	3.26
Basic EPS, GAAP	1.74	1.2	1.62	1.07	1.67	-1.13	1.76	3.63	3.21	6.11	3.89	3.23	0.61	1.88	-8.39
Basic EPS from Cont Ops	1.97	1.56	2.05	1.48	2.04	-0.65	2.12	3.91	3.6	6.56	4.45	4.15	1.64	2.97	-7.14
Diluted EPS, GAAP	1.74	1.2	1.62	1.07	1.67	-1.13	1.75	3.62	3.2	6.1	3.87	3.23	0.61	1.88	-8.39
Diluted EPS from Cont Ops	1.97	1.56	2.05	1.48	2.04	-0.65	2.11	3.9	3.59	6.54	4.44	4.15	1.64	2.97	-7.14
Dividend per Share	2.29	2.48	2.87	3.21	3.4	3.45	3.51	3.75	4.02	4.23	4.46	4.69	4.96	5.22	5.35
Cash Flow per Share	4.18	4.92	4.6	4.7	4.79	5.17	4.93	5.54	6.09	7	6.88	8.01	9.54	8.74	8.3
Free Cash Flow per Basic Share	-8.26	4.92	4.6	4.7	4.79	5.17	4.93	5.54	6.09	7	6.88	8.01	9.54	8.74	8.3
Cash & Equivalents per Share	1.28	2.23	0.81	1.2	1.72	1.43	2.55	2.11	1.57	4.16	2.29	4.83	3.6	3.21	3.22
Book Value per Share	48.65	48.41	49.69	48.43	49.73	53.37	58.88	65.56	73.39	85.78	102.44	111.11	107.45	103.88	90.71
Tangible Book Value per Share	48.65	48.41	49.69	48.43	49.73	53.37	58.88	65.56	73.39	85.78	102.44	111.11	107.45	103.88	90.71

Alexandria Real Estate Equities, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)