Alexandria Real Estate Equities Inc (ARE) is overvalued and BXP Inc (BXP) is overvalued.
Both trade above our estimate of their intrinsic value. BXP is the closer of the two: -435%, against -6523% for ARE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 7.2% values the shares at $0.81; the price of $53.85 is 6523% above that value, and 83% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
Discounting its cash flows at 7.1% (average of 3 methods) values the shares at $12.02; the price of $64.31 is 435% above that value, and 82% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | ARE | BXP |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $53.85 | $64.31 |
| Intrinsic value | $0.81 | $12.02 |
| Margin of safety | -6523% | -435% |
| Leak Score | 0/100 (2/12) | 0/100 (2/12) |
| Market cap | $9.4B | $11.2B |
| Revenue growth, 5 years | 9.9% | 4.7% |
| Operating margin | 27.3% | 28.3% |
| Net margin | -36.3% | 8.4% |
| Return on equity | -6.3% | 5.7% |
| Debt to equity | 0.85 | 3.17 |
| P/E | — | 34.5x |
| Forward P/E | — | 32.0x |
| P/B | 0.6x | 2.0x |
| Dividend yield | 5.3% | 4.4% |