Alexandria Real Estate Equities (MEX:ARE) Scaled Net Operating Assets: 0.94 (As of Mar. 2026)


MEX:ARE Alexandria Real Estate Equities Inc MEX:ARE
50 GF Score
Price MXN899.49
GF Value MXN1,561.12
Valuation Possible Value Trap
! 9 Warning Signs
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What is Alexandria Real Estate Equities Scaled Net Operating Assets?

Alexandria Real Estate Equities MEX:ARE 50 Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus rates MEX:ARE with a GF Score™ of 50/100 and a GF Value™ of MXN1,561.12 (Possible Value Trap). The stock has 9 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Alexandria Real Estate Equities's operating assets for the quarter that ended in Mar. 2026 was MXN608,580 Mil. Alexandria Real Estate Equities's operating liabilities for the quarter that ended in Mar. 2026 was MXN34,714 Mil. Alexandria Real Estate Equities's Total Assets for the quarter that ended in Dec. 2025 was MXN613,667 Mil. Therefore, Alexandria Real Estate Equities's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.94.


Alexandria Real Estate Equities Scaled Net Operating Assets Historical Data

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The historical data trend for Alexandria Real Estate Equities's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Alexandria Real Estate Equities Scaled Net Operating Assets Chart

Alexandria Real Estate Equities Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.26 1.02 0.83 1.16 0.72

Alexandria Real Estate Equities Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.91 0.85 0.89 0.82 0.94

MEX:ARE vs BXP, VNO, CUZ: Scaled Net Operating Assets Comparison

For the REIT - Office subindustry, Alexandria Real Estate Equities's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alexandria Real Estate Equities Scaled Net Operating Assets vs REITs Industry

For the REITs industry and Real Estate sector, Alexandria Real Estate Equities's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Alexandria Real Estate Equities's Scaled Net Operating Assets falls into.


MEX:ARE
50GF Score
Alexandria Real Estate Equities Inc MEX:ARE
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Alexandria Real Estate Equities Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Alexandria Real Estate Equities's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(603781.051-38969.755)/782661.218
=0.72

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=613667.297 - 9886.246
=603781.051

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=268742.257 - 223413.591 - 6358.911
=38969.755

Alexandria Real Estate Equities's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(608579.768-34713.886)/613667.297
=0.94

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=616130.42 - 7550.652
=608579.768

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=266949.906 - 207819.997 - 24416.023
=34713.886

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.94 mean?
Alexandria Real Estate Equities (MEX:ARE) has a Scaled Net Operating Assets of 0.94 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Alexandria Real Estate Equities and its competitors.
Is Alexandria Real Estate Equities' Scaled Net Operating Assets too high?
Alexandria Real Estate Equities' current Scaled Net Operating Assets is 0.94. Overall, Alexandria Real Estate Equities has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alexandria Real Estate Equities' Scaled Net Operating Assets compare to BXP and VNO?
Alexandria Real Estate Equities' Scaled Net Operating Assets of 0.94 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Alexandria Real Estate Equities and its competitors. Alexandria Real Estate Equities's current Scaled Net Operating Assets is 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexandria Real Estate Equities stock overvalued right now?
Based on GuruFocus' analysis, Alexandria Real Estate Equities (MEX:ARE) is currently considered Possible Value Trap. The stock's GF Value™ is MXN1,561.12, compared to a current price of MXN899.49 — trading 42.4% below its estimated fair value. The current Scaled Net Operating Assets is 0.94. Alexandria Real Estate Equities' overall GF Score™ is 50/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Alexandria Real Estate Equities (MEX:ARE), the current Scaled Net Operating Assets is 0.94 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Alexandria Real Estate Equities (MEX:ARE) Overvalued in 2026?

Based on GuruFocus' analysis, Alexandria Real Estate Equities stock appears to be undervalued. The current stock price of MXN899.49 is trading 42.4% below its estimated GF Value™ of MXN1,561.12. GuruFocus considers Alexandria Real Estate Equities to be Possible Value Trap.

Key valuation signals for MEX:ARE:

  • Scaled Net Operating Assets: 0.94
  • GF Value™: MXN1,561.12 vs. price of MXN899.49 (42.4% below fair value)
  • GF Score™: 50/100 with 9 warning signs

No single metric tells the full story. See the MEX:ARE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Alexandria Real Estate Equities Business Description

Industry Real EstateREITs
Address 26 North Euclid Avenue, Pasadena, CA, USA, 91101
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT). It is engaged in the business of providing space for lease to life science, agtech, and technology tenants. The company has established a market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle, Texas, and Canada. The Company is a life science real estate investment trust focused on developing, redeveloping, and operating properties that provide space for lease to tenants in the life science industry.
50GF Score

Get the complete analysis for MEX:ARE

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN899.49
Price
MXN1,561.12
GF Value