Alexandria Real Estate Equities (ARE) vs First Industrial Realty (FR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
First Industrial Realty (FR) has outperformed Alexandria Real Estate Equities (ARE) over the past year, gaining 12.6% versus a loss of 42.1%. Over five years, FR leads with a +2.7% price change compared with -77.6% for ARE. First Industrial Realty is the larger company by market cap ($7.97 billion vs $7.78 billion), about 1.0 times the size.
Alexandria Real Estate Equities offers the higher dividend yield (7.70% vs 3.25%). First Industrial Realty converts more of its revenue into profit, with a net margin of 34.0% versus -47.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ARE | FR |
|---|---|---|
| Share price | $45.21 | $58.18 |
| Market cap | $7.78B | $7.97B |
| 1-day change | -1.55% | -1.82% |
| YTD return | -7.62% | +1.59% |
| 1-year return | -42.11% | +12.62% |
| 5-year return | -77.58% | +2.72% |
| P/E ratio (TTM) | — | 21.16 |
| Forward P/E | — | 30.86 |
| EPS (TTM) | $-6.05 | $2.75 |
| Dividend yield | 7.70% | 3.25% |
| Annual dividend | $3.48 | $1.89 |
| Revenue (latest FY) | $3.03B | $727.08M |
| Revenue growth (YoY) | -2.88% | +8.58% |
| Net income (latest FY) | $-1.43B | $247.44M |
| Net margin | -47.23% | 34.03% |
| 52-week high | $78.54 | $69.88 |
| 52-week low | $39.41 | $50.24 |
| Distance from 52-week high | -42.44% | -16.74% |
| Analyst consensus | hold | buy |
| Avg. price target upside | +16.28% | +24.18% |
| Average volume | 1.90M | 1.03M |
| Shares outstanding | 172.10M | 132.57M |
| Employees | 514 | 151 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FR has outperformed ARE by 54.7 percentage points over the past year.
- Alexandria Real Estate Equities offers a meaningfully higher dividend yield (7.70% vs 3.25%).
- First Industrial Realty is more profitable, keeping 34.0 cents of every revenue dollar as net income versus -47.2 cents for Alexandria Real Estate Equities.
- First Industrial Realty grew revenue faster in its latest fiscal year (+8.58% vs -2.88%).
About Alexandria Real Estate Equities
ARE stock →Alexandria Real Estate Equities, Inc., an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche.
Real Estate · Real Estate Investment Trusts · 514 employees
About First Industrial Realty
FR stock →First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Real Estate · Real Estate Investment Trusts · 151 employees
ARE vs FR FAQ
Which is bigger, Alexandria Real Estate Equities or First Industrial Realty?
First Industrial Realty (FR) is larger, with a market capitalization of $7.97B compared with $7.78B for Alexandria Real Estate Equities (ARE).
Which stock has performed better over the past year, ARE or FR?
FR returned +12.62% over the past 12 months, compared with -42.11% for ARE (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Alexandria Real Estate Equities or First Industrial Realty?
Alexandria Real Estate Equities has the higher yield at 7.70%, compared with 3.25% for First Industrial Realty.
Are Alexandria Real Estate Equities and First Industrial Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.