ARE · Alexandria Real Estate Equities, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $117.05M | $168.36M | $199.35M | $177.28M | $151.46M | $133.34M |
| Total Operating Expenses | $4.82B | $2.69B | $2.69B | $2.13B | $1.86B | $1.64B |
| D&A | $1.35B | $1.20B | $1.09B | $1.00B | $821.06M | $698.10M |
| Operating Income | - | - | - | - | - | - |
| Interest Expense | $226.70M | $185.84M | $74.20M | $94.20M | $142.16M | $171.61M |
| Income Tax | - | - | - | - | - | - |
| Net Income | ($1.43B) | $322.95M | $103.64M | $521.66M | $571.25M | $770.96M |
| EPS - Basic | ($8.44) | $1.80 | $0.54 | $3.18 | $3.83 | $6.03 |
| EPS - Diluted | ($8.44) | $1.80 | $0.54 | $3.18 | $3.82 | $6.01 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $549.06M | $552.15M | $618.19M | $825.19M | $361.35M | $568.53M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $34.08B | $37.53B | $36.77B | $35.52B | $30.22B | $22.83B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $12.40B | $12.24B | $11.32B | $10.16B | $8.79B | $7.56B |
| Total Liabilities | $14.93B | $15.13B | $14.15B | $12.84B | $11.19B | $9.38B |
| Stockholders' Equity | $15.47B | $17.89B | $18.47B | $18.97B | $16.19B | $11.73B |
| Retained Earnings | - | - | - | - | - | - |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.41B | $1.50B | $1.63B | $1.29B | $1.01B | $882.51M |
| Investing Cash Flow | $362.10M | ($1.51B) | ($2.50B) | ($5.08B) | ($7.11B) | ($3.28B) |
| Financing Cash Flow | ($1.78B) | ($93.31M) | $674.16M | $4.23B | $5.92B | $2.75B |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -4.2% | 0.9% | 0.3% | 1.5% | 1.9% | 3.4% |
| Return on equity | -9.2% | 1.8% | 0.6% | 2.7% | 3.5% | 6.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.80 | 0.68 | 0.61 | 0.54 | 0.54 | 0.65 |
| Debt / Assets | 0.36 | 0.33 | 0.31 | 0.29 | 0.29 | 0.33 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 2.20 | 2.10 | 1.99 | 1.87 | 1.87 | 1.95 |
| Liabilities / Assets | 0.44 | 0.40 | 0.38 | 0.36 | 0.37 | 0.41 |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | 54.2x | 234.8x | 45.8x | 58.4x | 29.7x |
| P / B | 0.5x | 0.9x | 1.2x | 1.2x | 2.0x | 1.9x |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | - | 211.6% | -80.1% | -8.7% | -25.9% | 112.3% |
| EPS growth (YoY) | - | 233.3% | -83.0% | -16.8% | -36.4% | 92.6% |
| EPS CAGR (3y) | - | -22.2% | -55.2% | 0.6% | 2.8% | - |
| EPS CAGR (5y) | - | -10.4% | -31.3% | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -13.5% | -3.2% | -2.6% | 17.2% | 38.1% | 32.3% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
3/9
Weak
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing ALEXANDRIA REAL ESTATE EQUITIES against the 5 most active filers in the same SIC group.
Dividends
$4.08/share trailing 12 months · -22.1% YoY
| Ex-date | Per share |
|---|---|
| Mar 31, 2026 | $0.7200 |
| Dec 31, 2025 | $0.7200 |
| Sep 30, 2025 | $1.3200 |
| Jun 30, 2025 | $1.3200 |
| Mar 31, 2025 | $1.3200 |
| Dec 31, 2024 | $1.3200 |
| Sep 30, 2024 | $1.3000 |
| Jun 28, 2024 | $1.3000 |
| Mar 27, 2024 | $1.2700 |
| Dec 28, 2023 | $1.2700 |
| Sep 28, 2023 | $1.2400 |
| Jun 29, 2023 | $1.2400 |
| Mar 30, 2023 | $1.2100 |
| Dec 29, 2022 | $1.2100 |
| Sep 29, 2022 | $1.1800 |
| Jun 29, 2022 | $1.1800 |
| Mar 30, 2022 | $1.1500 |
| Dec 30, 2021 | $1.1500 |
| Sep 29, 2021 | $1.1200 |
| Jun 29, 2021 | $1.1200 |
| Mar 30, 2021 | $1.0900 |
| Dec 30, 2020 | $1.0900 |
| Sep 29, 2020 | $1.0600 |
| Jun 29, 2020 | $1.0600 |