ARE
§ 03 · SIGNAL STACK · WHAT THE INPUTS SAY
§ 04 · FUNDAMENTALS · THE BOOKS
| P/B | 0.55 | EPS (TTM) | -6.02 |
| Dividend | 4.72% |
| Fund | Shares | % port | Δ Q/Q |
|---|---|---|---|
| BlackRock, Inc. | 19.7M | 0.0% | −3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 13.8M | n/a | n/a |
| State Street | 10.7M | 0.0% | −6% |
| VANGUARD CAPITAL MANAGEMENT LLC | 10.7M | n/a | n/a |
| APG Asset Management US Inc. | 7.0M | 2.3% | +4% |
| Geode Capital Management | 4.5M | 0.0% | +1% |
Top institutional owners for ARE as of the most recent 13F reporting period (Q1 2026 · Period ended Mar 31). Δ Q/Q reflects share-count change vs. the prior filing — positive green means adding, negative red means trimming. Cross-reference with the ownership-mix bars below to see which strategy cohort is driving the flow.
§ 06 · WHO OWNS IT · BY STRATEGY
Ownership mix by behavioral cohort. Top bars indicate which style of capital dominates the float — passive indexing, quality compounders, dealer/bank, systematic quant, etc. Big quality-compounder share means concentrated active conviction; heavy passive share means flows are dictated by index rebalances, not fundamentals.
§ 07 · INSIDER ACTIVITY · LAST 180 DAYS
| Date | Insider | Action | Shares | $ value |
|---|---|---|---|---|
| SEP 15 | MARCUS JOEL S | BUY | 5K | +$248K |
| SEP 15 | Fukuzaki-Carlson Kristina | SELL | 17K | −$849K |
| SEP 02 | Gavinet Andres | SELL | 10K | −$509K |
| JUN 11 | Binda Marc E | SELL | 2K | −$108K |
| MAY 07 | MARCUS JOEL S | BUY | 4K | +$164K |
| MAY 06 | MARCUS JOEL S | BUY | 2K | +$70K |
5 insider buys, 4 sells in the last 180 days. Scheduled 10b5-1 sales are pre-programmed and neutral; discretionary clusters are the tape worth reading. Cross-reference with the signal stack above for context.