WallStSmart

Alexandria Real Estate Equities Inc (ARE)vsVornado Realty Trust (VNO)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Alexandria Real Estate Equities Inc generates 58% more annual revenue ($2.93B vs $1.85B). VNO leads profitability with a 42.9% profit margin vs -36.1%. ARE appears more attractively valued with a PEG of 3.24. VNO earns a higher WallStSmart Score of 61/100 (C+).

ARE

Buy

51

out of 100

Grade: C-

Growth: 5.3Profit: 4.0Value: 5.7Quality: 4.8
Piotroski: 5/9

VNO

Buy

61

out of 100

Grade: C+

Growth: 5.3Profit: 6.5Value: 7.3Quality: 4.8
Piotroski: 4/9Altman Z: 0.45
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

AREUndervalued (+59.5%)

Margin of Safety

+59.5%

Fair Value

$132.62

Current Price

$46.26

$86.36 discount

UndervaluedFair: $132.62Overvalued
VNOUndervalued (+45.8%)

Margin of Safety

+45.8%

Fair Value

$55.79

Current Price

$32.16

$23.63 discount

UndervaluedFair: $55.79Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ARE2 strengths · Avg: 10.0/10
Price/BookValuation
0.5x10/10

Reasonable price relative to book value

EPS GrowthGrowth
648.0%10/10

Earnings expanding 648.0% YoY

VNO4 strengths · Avg: 10.0/10
P/E RatioValuation
8.8x10/10

Attractively priced relative to earnings

Price/BookValuation
1.3x10/10

Reasonable price relative to book value

Profit MarginProfitability
42.9%10/10

Keeps 43 of every $100 in revenue as profit

EPS GrowthGrowth
1263.0%10/10

Earnings expanding 1263.0% YoY

Areas to Watch

ARE4 concerns · Avg: 1.8/10
PEG RatioValuation
3.242/10

Expensive relative to growth rate

Return on EquityProfitability
-4.1%2/10

ROE of -4.1% — below average capital efficiency

Revenue GrowthGrowth
-11.5%2/10

Revenue declined 11.5%

Profit MarginProfitability
-36.1%1/10

Currently unprofitable

VNO3 concerns · Avg: 2.0/10
PEG RatioValuation
7.372/10

Expensive relative to growth rate

Revenue GrowthGrowth
-2.2%2/10

Revenue declined 2.2%

Altman Z-ScoreHealth
0.452/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ARE

The strongest argument for ARE centers on Price/Book, EPS Growth.

Bull Case : VNO

The strongest argument for VNO centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 42.9% and operating margin at 13.7%.

Bear Case : ARE

The primary concerns for ARE are PEG Ratio, Return on Equity, Revenue Growth.

Bear Case : VNO

The primary concerns for VNO are PEG Ratio, Revenue Growth, Altman Z-Score.

Key Dynamics to Monitor

ARE profiles as a turnaround stock while VNO is a declining play — different risk/reward profiles.

VNO carries more volatility with a beta of 1.54 — expect wider price swings.

VNO is growing revenue faster at -2.2% — sustainability is the question.

ARE generates stronger free cash flow (197M), providing more financial flexibility.

Bottom Line

VNO scores higher overall (61/100 vs 51/100), backed by strong 42.9% margins. ARE offers better value entry with a 59.5% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Alexandria Real Estate Equities Inc

REAL ESTATE · REIT - OFFICE · USA

Alexandria Real Estate Equities, Inc. is an American real estate investment trust that invests in office buildings and laboratories leased to tenants in the life science and technology industries.

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Vornado Realty Trust

REAL ESTATE · REIT - OFFICE · USA

Vornado Realty Trust is a real estate investment trust formed in Maryland, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.

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