ARE Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 19, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	9,254	8,458	17,048	22,030	23,903	34,551
Market Cap Growth	-43.47%	-50.39%	-22.61%	-7.84%	-30.82%	43.66%
Enterprise Value	21,466	26,313	34,311	37,170	37,943	46,109
Last Close Price	53.40	48.94	91.64	113.75	125.15	185.75
Price/FFO Ratio	6.36	6.36	11.02	15.82	23.01	22.76
Price/AFFO Ratio	5.43	5.43	9.68	12.68	14.86	23.94
PE Ratio	-	-	55.07	238.30	46.57	61.33
PS Ratio	3.07	2.80	5.46	7.63	9.23	16.25
PB Ratio	0.59	0.44	0.76	0.97	1.05	1.82
P/OCF Ratio	6.54	5.98	11.33	13.51	18.47	34.20
EV/Sales Ratio	7.12	8.72	10.99	12.88	14.65	21.68
EV/EBITDA Ratio	11.07	13.57	17.50	21.43	24.40	35.56
EV/EBIT Ratio	34.25	41.98	40.68	50.59	60.51	86.94
Debt / Equity Ratio	0.67	0.67	0.57	0.52	0.47	0.49
Debt / EBITDA Ratio	6.44	6.44	6.38	6.61	6.66	6.98
Net Debt / Equity Ratio	0.64	0.64	0.55	0.49	0.43	0.47
Net Debt / EBITDA Ratio	6.30	6.30	6.22	6.39	6.27	6.84
Asset Turnover	0.08	0.08	0.08	0.08	0.08	0.08
Quick Ratio	1.37	1.37	2.34	2.30	3.03	1.83
Current Ratio	1.62	1.62	2.58	2.46	3.20	2.22
Return on Equity (ROE)	-5.86%	-5.86%	2.27%	1.24%	3.22%	4.03%
Return on Assets (ROA)	1.09%	1.09%	1.42%	1.27%	1.19%	1.25%
Earnings Yield	-15.54%	-16.90%	1.89%	0.47%	2.18%	1.65%
Dividend Yield	8.76%	9.56%	5.66%	4.36%	3.77%	2.41%
Payout Ratio	-	-	278.24%	817.73%	145.26%	114.83%
Buyback Yield / Dilution	1.02%	1.03%	-0.68%	-5.72%	-9.63%	-16.58%
Total Shareholder Return	9.79%	10.59%	4.98%	-1.36%	-5.86%	-14.17%

Updated Jan 26, 2026. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q