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Alexandria Real Estate Equities vs Lamar Advertising: ARE and LAMR compared
Alexandria Real Estate Equities is the larger company: $671M of revenue in its latest quarter (Q3 2026) against $624M for Lamar Advertising (Q3 2026). Lamar Advertising is growing faster (+7% against -11% a year earlier). Lamar Advertising is more profitable, with an operating margin of 33.5% against -92.3%.
Where the money goes: ARE and LAMR
Alexandria Real Estate Equities (ARE) · Q3 2026
Alexandria Real Estate Equities, Q3 2026: revenue $671M (-11% year over year), operating margin -92.3%, net loss $599M, operating cash flow $342M. The chart follows the revenue to costs, profit and cash.
Lamar Advertising (LAMR) · Q3 2026
Lamar Advertising, Q3 2026: revenue $624M (+7% year over year), operating margin 33.5%, net earnings $162M, operating cash flow $284M. The chart follows the revenue to costs, profit and cash.
| Alexandria Real Estate Equities (ARE) | Lamar Advertising (LAMR) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $671M | $624M |
| Revenue growth, Y/Y | -11% | +7% |
| Operating margin | -92.3% | 33.5% |
| Net earnings | −$599M | $162M |
| Net margin | -89.2% | 25.9% |
| Operating cash flow | $342M | $284M |
| Free cash flow | — | $239M |
| Market value | $7.6B | $15.9B |
| P/E | — | 27.1× |
| Analysts’ mean target | $49.93 | $161.50 |
Where the revenue comes from
Alexandria Real Estate Equities
- Income from rentals: $654M (97%)
- Other income: $17.6M (3%)
Lamar Advertising
- Billboard advertising: $562M (90%)
- Transit advertising: $39.9M (6%)
- Logo advertising: $22.3M (4%)
Questions
Which is bigger, Alexandria Real Estate Equities or Lamar Advertising?
Alexandria Real Estate Equities is the larger company: $671M of revenue in its latest quarter (Q3 2026) against $624M for Lamar Advertising (Q3 2026).
Is Alexandria Real Estate Equities or Lamar Advertising growing faster?
Lamar Advertising is growing faster (+7% against -11% a year earlier).
Which is more profitable, Alexandria Real Estate Equities or Lamar Advertising?
Lamar Advertising is more profitable, with an operating margin of 33.5% against -92.3%.
More: Alexandria Real Estate Equities earnings · how Alexandria Real Estate Equities makes money · Lamar Advertising earnings · how Lamar Advertising makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 26, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.