Is Alexandria Real Estate Equities, Inc. overvalued or undervalued?

As of 14 April 2025, Alexandria Real Estate Equities, Inc. has moved from an attractive to a very attractive valuation grade. The company is currently undervalued, with a P/E ratio of 32, which is lower than its peer Iron Mountain, Inc. at 108.22 and Invitation Homes, Inc. at 42.08. Additionally, Alexandria's price-to-book value stands at 0.70, indicating that the stock is trading below its book value, and its EV to EBITDA ratio is 6.41, which is competitive within the industry.
In comparison to its peers, Alexandria's valuation metrics suggest it is positioned favorably, especially with a dividend yield of 743.12%, which is significantly higher than typical yields in the sector. Despite a challenging performance relative to the S&P 500 over the past year, where it has seen a decline of 37.44% compared to the index's 10.26% gain, the current valuation reflects an opportunity for investors looking for potential upside in a recovering market.