Alexandria Real Estate Equities
Alexandria Real Estate Equities returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROCE
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
Invested capital did not increase versus the prior year. ROIIC requires a positive increase.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Operating income is unavailable in the extracted statements for this period.
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | -6.3% | -2.84% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | -6.43% | -2.95% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | -8.62% | -3.99% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | -2.42% | -1.08% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | -0.12% | -0.03% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 0.73% | 0.38% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 1.7% | 0.87% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 1.53% | 0.79% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 0.75% | 0.41% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 0.99% | 0.53% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 0.49% | 0.29% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 1.3% | 0.69% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 3.09% | 1.62% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 4.12% | 2.15% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 2.97% | 1.59% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 3.29% | 1.72% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 1.86% | 1% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 2.69% | 1.42% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 4.09% | 2.15% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 7.27% | 3.72% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 7.64% | 3.89% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 6.7% | 3.38% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 7.49% | 3.74% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 5.65% | 2.73% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 4.61% | 2.24% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 2.88% | 1.44% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 4.33% | 2.21% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 1.64% | 0.87% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 5.38% | 2.68% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 5.15% | 2.63% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 5.48% | 2.86% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 7.01% | 3.46% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 4.69% | 2.29% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 4.52% | 2.22% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 2.68% | 1.51% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 1.79% | 1.39% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 0.82% | 1.13% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | -2.76% | -0.3% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | -3.41% | -0.68% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | -2.37% | — | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | -1.62% | — | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 2.49% | — | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 3% | 1.69% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 1.72% | 1.16% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 1.57% | 1.14% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 1.48% | 1.11% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 1.86% | 1.36% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 3.37% | 2% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 3.45% | 1.97% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | 3.8% | 1.97% | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 3.68% | 1.84% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 3.2% | 1.65% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 2.99% | 1.54% | — |
| FY 2013 Q1 | Mar 31, 2013 | — | — | — | 3% | 1.48% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 2.93% | 1.46% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 3.14% | — | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 3.23% | 1.85% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 3.51% | — | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 3.26% | 2.12% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 5.38% | 3.15% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 5.55% | 3.18% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | — | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | — | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | — | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · ARE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.