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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $34.69M | - | $29.22M | $29.13M | $30.68M | - | $43.95M | $44.63M | $47.05M | - |
| Total Operating Expenses | $634.35M | - | $987.52M | $784.59M | $682.16M | - | $620.50M | $629.15M | $593.76M | - |
| D&A | $305.44M | - | $340.23M | $346.12M | $342.06M | - | $294.00M | $290.72M | $287.55M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $64.58M | - | $54.85M | $55.30M | $50.88M | - | $43.55M | $45.79M | $40.84M | - |
| Income Tax | - | - | - | - | - | - | - | - | - | - |
| Net Income | $361.65M | - | ($232.75M) | ($107.00M) | ($8.94M) | - | $167.95M | $46.70M | $170.54M | - |
| EPS - Basic | $2.10 | - | ($1.38) | ($0.64) | ($0.07) | - | $0.96 | $0.25 | $0.97 | - |
| EPS - Diluted | $2.10 | - | ($1.38) | ($0.64) | ($0.07) | - | $0.96 | $0.25 | $0.97 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $418.72M | $549.06M | $579.47M | $520.54M | $476.43M | $552.15M | $562.61M | $561.02M | $722.18M | $618.19M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $34.17B | $34.08B | $37.38B | $37.62B | $37.60B | $37.53B | $38.49B | $37.85B | $37.70B | $36.77B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $12.52B | $12.40B | $13.59B | $13.29B | $13.09B | $12.24B | $12.69B | $12.42B | $12.22B | $11.32B |
| Total Liabilities | $14.80B | $14.93B | $16.26B | $15.88B | $15.60B | $15.13B | $15.78B | $15.18B | $14.94B | $14.15B |
| Stockholders' Equity | $15.73B | $15.47B | $16.64B | $17.18B | $17.46B | $17.89B | $18.22B | $18.26B | $18.41B | $18.47B |
| Retained Earnings | - | - | - | - | - | - | - | - | - | - |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $196.62M | - | - | - | $207.95M | - | - | - | $341.16M | - |
| Investing Cash Flow | ($584.81M) | - | - | - | ($654.78M) | - | - | - | ($894.85M) | - |
| Financing Cash Flow | $258.00M | - | - | - | $370.77M | - | - | - | $624.43M | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.1% | - | -0.6% | -0.3% | -0.0% | - | 0.4% | 0.1% | 0.5% | - |
| Return on equity | 2.3% | - | -1.4% | -0.6% | -0.1% | - | 0.9% | 0.3% | 0.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.80 | 0.80 | 0.82 | 0.77 | 0.75 | 0.68 | 0.70 | 0.68 | 0.66 | 0.61 |
| Debt / Assets | 0.37 | 0.36 | 0.36 | 0.35 | 0.35 | 0.33 | 0.33 | 0.33 | 0.32 | 0.31 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.17 | 2.20 | 2.25 | 2.19 | 2.15 | 2.10 | 2.11 | 2.07 | 2.05 | 1.99 |
| Liabilities / Assets | 0.43 | 0.44 | 0.43 | 0.42 | 0.41 | 0.40 | 0.41 | 0.40 | 0.40 | 0.38 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 22.1x | - | - | - | - | - | 123.7x | 467.9x | 132.9x | - |
| P / B | 0.5x | - | 0.9x | 0.7x | 0.9x | - | 1.1x | 1.1x | 1.2x | - |
| 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) | - | - | - | - | - | - | 592.0% | -48.1% | 119.0% | - |
| EPS growth (YoY) | - | - | - | - | - | - | 638.5% | -51.0% | 120.5% | - |
| EPS CAGR (3y) | 68.4% | - | - | - | - | - | 12.7% | -54.2% | 189.4% | - |
| EPS CAGR (5y) | 120.8% | - | - | - | - | - | - | -18.1% | -2.7% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -9.9% | -13.5% | -8.7% | -5.9% | -5.1% | -3.2% | -2.2% | -2.9% | -2.5% | -2.6% |
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 |