Seasonality
ARE seasonality — Alexandria Real Estate Equities
Over the last 11 years, ARE's strongest month on average has been July (+5.3%) and its weakest October (-4.9%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +1.26% | -0.24% | 40% | +14.3% | -12.6% | 10 |
| Feb | -0.95% | -1.95% | 40% | +7.7% | -6.9% | 10 |
| Mar | -3.66% | -2.24% | 50% | +6.3% | -16.1% | 10 |
| Apr | -2.86% | -0.69% | 30% | +14.6% | -21.5% | 10 |
| May | +0.75% | -0.64% | 50% | +22.6% | -8.9% | 10 |
| Jun | +0.38% | +1.53% | 70% | +6.4% | -12.6% | 10 |
| Jul | +5.34% | +4.48% | 90% | +14.3% | -2.6% | 10 |
| Aug | -0.49% | +0.38% | 60% | +7.9% | -7.5% | 10 |
| Sep | -4.31% | -3.49% | 20% | +2.8% | -14.0% | 10 |
| Oct | -4.89% | -4.07% | 40% | +6.8% | -30.1% | 10 |
| Nov | +3.15% | +2.37% | 67% | +17.5% | -7.8% | 9 |
| Dec | +0.56% | +0.41% | 50% | +15.9% | -11.5% | 10 |
Monthly returns heat map — ARE
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.7 | -1.1 | -14.1 | -12.7 | 22.6 | 6.4 | -2.6 | -0.3 | -7.5 | -15.3 | 11.4 | -8.5% | |
| 2025 | -0.2 | 5.0 | -9.5 | -21.5 | -3.4 | 3.5 | 5.2 | 7.9 | 1.1 | -30.1 | -7.8 | -8.8 | -49.8% |
| 2024 | -4.6 | 3.2 | 3.4 | -10.1 | 2.7 | -1.7 | 0.3 | 1.9 | -0.7 | -6.1 | -1.2 | -11.5 | -23.1% |
| 2023 | 10.3 | -6.8 | -16.1 | -1.1 | -8.6 | 0.0 | 10.7 | -7.4 | -14.0 | -7.0 | 17.5 | 15.9 | -13.0% |
| 2022 | -12.6 | -2.8 | 6.3 | -9.5 | -8.9 | -12.6 | 14.3 | -7.5 | -8.6 | 3.6 | 7.1 | -6.4 | -34.7% |
| 2021 | -6.2 | -4.4 | 2.9 | 10.2 | -1.6 | 2.1 | 10.7 | 2.5 | -7.4 | 6.8 | -2.0 | 11.4 | +25.1% |
| 2020 | 1.0 | -6.9 | -9.8 | 14.6 | -2.1 | 5.5 | 9.4 | -5.2 | -5.0 | -5.3 | 8.1 | 8.8 | +10.3% |
| 2019 | 14.3 | 3.2 | 4.9 | -0.1 | 2.8 | -3.6 | 3.7 | 2.4 | 2.8 | 3.1 | 2.4 | -0.6 | +40.2% |
| 2018 | -0.7 | -6.5 | 3.0 | -0.3 | 0.3 | 1.0 | 1.0 | 0.7 | -2.0 | -2.8 | 1.9 | -7.4 | -11.8% |
| 2017 | -0.3 | 7.7 | -7.4 | 1.8 | 3.7 | 3.2 | 0.7 | 0.1 | -1.9 | 4.2 | 2.5 | 2.8 | +17.5% |
| 2016 | 1.4 |