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Alexandria Real Estate Equities, Inc. (ARE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Alexandria Real Estate Equities, Inc. (ARE) stock price & volume — 10-year historical chart
Alexandria Real Estate Equities, Inc. (ARE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Alexandria Real Estate Equities, Inc. (ARE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 27, 2026 | $1.73vs $1.73+0.0% | $653Mvs $685M-4.6% |
| Q1 2026 | Jan 26, 2026 | $2.16vs $2.15+0.5% | $729Mvs $739M-1.4% |
| Q4 2025 | Oct 27, 2025 | $2.22vs $2.31-3.9% | $736Mvs $745M-1.2% |
| Q3 2025 | Jul 21, 2025 | $2.33vs $2.29+1.7% | $762Mvs $753M+1.2% |
Alexandria Real Estate Equities, Inc. (ARE) competitors in Specialized Office and Lab REITs — business model, growth, and fundamentals comparison
Alexandria Real Estate Equities, Inc. (ARE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Alexandria Real Estate Equities, Inc. (ARE) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 1.12B | 1.33B | 1.52B | 1.89B | 2.11B | 2.58B | 2.84B | 3.05B | 2.97B | 2.9B |
Revenue Growth % | 25.24% | 18.05% | 14.27% | 24.85% | 11.32% | 22.19% | 10.34% | 7.29% | -2.59% | -4.57% |
Property Operating Expenses | 325.61M | 381.12M | 445.49M | 530.22M | 623.55M | 783.15M | 859.18M | 909.26M | 922.61M | 920.35M |
Net Operating Income (NOI) | 798.9M▲ 0% | 946.34M▲ 18.5% | 1.07B▲ 13.2% | 1.36B▲ 27.3% | 1.48B▲ 8.9% | 1.79B▲ 20.8% | 1.98B▲ 10.6% | 2.14B▲ 7.9% | 2.05B▼ 4.3% | 1.98B▲ 0% |
NOI Margin % | 71.04% | 71.29% | 70.63% | 72% | 70.42% | 69.6% | 69.77% | 70.19% | 68.94% | 68.25% |
Operating Expenses | 491.79M | 568.07M | 653.43M | 133.34M | 972.52M | 1.18B | 1.29B | 1.37B | 3.25B | 3.22B |
G&A Expenses | 75.01M | 90.41M | 108.82M | 133.34M | 151.46M | 177.28M | 199.35M | 168.36M | 117.05M | 121.06M |
EBITDA | 1.07B | 1.36B | 962.55M | 1.87B | 1.33B | 1.62B | 1.78B | 1.97B | 148.2M | 74.29M |
EBITDA Margin % | 95.02% | 102.68% | 63.46% | 98.8% | 63.24% | 62.72% | 62.76% | 64.66% | 4.99% | 2.56% |
Depreciation & Amortization | 887.82M | 940.83M | 544.61M | 640.86M | 821.06M | 1B | 1.09B | 1.2B | 1.35B | 1.31B |
D&A / Revenue % | 78.95% | 70.87% | 35.9% | 33.84% | 38.95% | 38.9% | 38.47% | 39.43% | 45.46% | 45.33% |
Operating Income | 180.72M▲ 0% | 422.25M▲ 133.6% | 417.94M▼ 1.0% | 1.23B▲ 194.4% | 512.17M▼ 58.4% | 613.46M▲ 19.8% | 690.45M▲ 12.5% | 769.7M▲ 11.5% | -1.2B▼ 256.2% | -1.24B▲ 0% |
Operating Margin % | 16.07% | 31.81% | 27.55% | 64.96% | 24.29% | 23.81% | 24.29% | 25.24% | -40.47% | -42.76% |
Interest Expense | 128.65M | 157.5M | 173.68M | 171.61M | 142.16M | 94.2M | 74.2M | 185.84M | 226.7M | 4M |
Interest Coverage | 2.51x | 3.56x | 3.33x | 3.10x | 5.60x | 8.12x | 4.79x | 3.75x | -4.37x | - |
Non-Operating Income | 405.95M | 303.19M | -159.78M | 698.1M | -284.27M | -151.44M | 335.25M | 73.13M | -212.25M | -331.35M |
Pretax Income | 194.2M▲ 0% | 402.79M▲ 107.4% | 404.05M▲ 0.3% | 827.17M▲ 104.7% | 654.28M▼ 20.9% | 670.7M▲ 2.5% | 280.99M▼ 58.1% | 510.73M▲ 81.8% | -1.22B▼ 338.2% | -1.08B▲ 0% |
Pretax Margin % | 17.27% | 30.34% | 26.64% | 43.68% | 31.03% | 26.04% | 9.89% | 16.75% | -40.96% | -37.4% |
Income Tax | 25.11M | -114.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 12.93% | -28.44% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Net Income | 169.09M▲ 0% | 517.35M▲ 206.0% | 363.17M▼ 29.8% | 770.96M▲ 112.3% | 571.25M▼ 25.9% | 521.66M▼ 8.7% | 103.64M▼ 80.1% | 322.95M▲ 211.6% | -1.43B▼ 543.0% | -1.02B▲ 0% |
Net Margin % | 15.04% | 38.97% | 23.94% | 40.71% | 27.1% | 20.25% | 3.65% | 10.59% | -48.15% | -35.3% |
Net Income Growth % | 356.59% | 205.95% | -29.8% | 112.29% | -25.9% | -8.68% | -80.13% | 211.61% | -542.96% | -813.22% |
Funds From Operations (FFO) | 1.06B▲ 0% | 1.46B▲ 38.0% | 907.78M▼ 37.7% | 1.41B▲ 55.5% | 1.39B▼ 1.4% | 1.52B▲ 9.4% | 1.2B▼ 21.4% | 1.53B▲ 27.4% | -80.06M▼ 105.2% | 290.64M▲ 0% |
FFO Margin % | 93.99% | 109.85% | 59.85% | 74.55% | 66.04% | 59.15% | 42.12% | 50.02% | -2.69% | 10.03% |
FFO Growth % | 79.2% | 37.96% | -37.75% | 55.52% | -1.38% | 9.44% | -21.44% | 27.42% | -105.25% | -378.23% |
FFO per Share | 11.48 | 14.11 | 8.07 | 11.16 | 9.44 | 9.43 | 7.00 | 8.86 | -0.47 | 1.54 |
FFO Payout Ratio % | 29.53% | 26.1% | 49.24% | 37.75% | 47.11% | 49.73% | 70.79% | 58.91% | -1138.5% | 234.47% |
EPS (Diluted) | 1.58▲ 0% | 5.01▲ 217.1% | 1.59▼ 68.3% | 4.67▲ 193.7% | 3.82▼ 18.2% | 3.18▼ 16.8% | 0.54▼ 83.0% | 1.80▲ 233.3% | -8.44▼ 568.9% | -5.43▲ 0% |
EPS Growth % | 281.61% | 217.09% | -68.26% | 193.71% | -18.2% | -16.75% | -83.02% | 233.33% | -568.89% | -922.83% |
EPS (Basic) | 1.59 | 5.02 | 1.60 | 4.69 | 3.83 | 3.18 | 0.54 | 1.80 | -8.44 | - |
Diluted Shares Outstanding | 92.06M | 103.32M | 112.52M | 126.49M | 147.46M | 161.66M | 170.91M | 172.07M | 170.39M | 188.38M |
Alexandria Real Estate Equities, Inc. (ARE) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 12.1B | 14.46B | 18.39B | 22.83B | 30.22B | 35.52B | 36.77B | 37.53B | 34.08B | 34.17B |
Asset Growth % | 16.89% | 19.51% | 27.14% | 24.13% | 32.38% | 17.55% | 3.51% | 2.06% | -9.18% | -21.8% |
Real Estate & Other Assets | 11.01B | 12.76B | 15.82B | 19.17B | 25.73B | 30.93B | 32.89B | 33.67B | 30.51B | 3.4B |
PP&E (Net) | 108.12M | 228.72M | 743.68M | 982.99M | 1.26B | 1.35B | 1.15B | 1.25B | 1.1B | 28.83B |
Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 347.99M | 348.27M | 336.08M | 727.83M | 707.23M | 973.91M | 781.75M | 783.64M | 939.78M | 430.75M |
Cash & Equivalents | 254.38M | 234.18M | 189.68M | 568.53M | 361.35M | 825.19M | 618.19M | 552.15M | 549.06M | 418.72M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 22.8M | 37.95M | 53.01M | 29.17M | 53.88M | 32.78M | 42.58M | 7.7M | 4.69M | 4.67M |
Intangible Assets | 0 | 0 | 0 | 0 | 609.87M | 615.64M | 461.61M | 305.14M | 0 | 0 |
Total Liabilities | 5.62B | 6.57B | 8.22B | 9.38B | 11.19B | 12.84B | 14.15B | 15.13B | 14.93B | 14.81B |
Total Debt | 4.85B | 5.48B | 7.05B | 7.91B | 9.23B | 10.57B | 11.7B | 12.75B | 12.76B | 12.52B |
Net Debt | 4.6B | 5.24B | 6.86B | 7.34B | 8.87B | 9.74B | 11.08B | 12.2B | 12.21B | 12.1B |
Long-Term Debt | 4.71B | 5.27B | 6.39B | 7.46B | 8.52B | 10.16B | 11.22B | 12.24B | 12.05B | 11.17B |
Short-Term Borrowings | 50M | 208M | 384M | 99.99M | 269.99M | 0 | 99.95M | 0 | 353.16M | 1.35B |
Capital Lease Obligations | 88.18M | 0 | 271.81M | 345.75M | 434.75M | 406.7M | 382.88M | 507.13M | 360.54M | 1.09B |
Total Current Liabilities | 740.95M | 1.06B | 1.26B | 1.15B | 1.73B | 1.67B | 2B | 1.96B | 2.18B | 3.64B |
Accounts Payable | 349.88M | 215.54M | 198.99M | 285.02M | 513.42M | 389.74M | 524.44M | 534.8M | 510.58M | 2.15B |
Deferred Revenue | 248.92M | 250.92M | 275.86M | 276.75M | 326.92M | 449.62M | 548.53M | 691.87M | 876.25M | 0 |
Other Liabilities | -172.08M | -11.56M | 21.92M | 152.29M | 496.46M | 600.76M | 548.76M | 419.66M | 334.86M | 0 |
Total Equity | 6.48B▲ 0% | 7.89B▲ 21.8% | 10.17B▲ 28.8% | 13.44B▲ 32.2% | 19.03B▲ 41.6% | 22.68B▲ 19.2% | 22.62B▼ 0.3% | 22.4B▼ 1.0% | 19.16B▼ 14.5% | 19.35B▲ 0% |
Equity Growth % | 20.45% | 21.77% | 28.78% | 32.24% | 41.58% | 19.18% | -0.27% | -0.99% | -14.47% | -37.57% |
Shareholders Equity | 5.95B | 7.34B | 8.87B | 11.73B | 16.19B | 18.97B | 18.47B | 17.89B | 15.47B | 15.73B |
Minority Interest | 533.5M | 552.75M | 1.3B | 1.72B | 2.84B | 3.71B | 4.15B | 4.51B | 3.69B | 3.62B |
Common Stock | 998K | 1.11M | 1.21M | 1.37M | 1.58M | 1.71M | 1.72M | 1.72M | 1.71M | 1.71M |
Additional Paid-in Capital | 5.82B | 7.29B | 8.87B | 11.73B | 16.2B | 18.99B | 18.49B | 17.93B | 15.5B | 15.76B |
Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 74.39M | 64.34M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 1.51% | 3.89% | 2.21% | 3.74% | 2.15% | 1.59% | 0.29% | 0.87% | -4% | -2.86% |
Return on Equity (ROE) | 2.85% | 7.2% | 4.02% | 6.53% | 3.52% | 2.5% | 0.46% | 1.43% | -6.88% | -5.03% |
Debt / Assets | 40.09% | 37.87% | 38.33% | 34.65% | 30.53% | 29.75% | 31.81% | 33.98% | 37.44% | 36.64% |
Debt / Equity | 0.75x | 0.69x | 0.69x | 0.59x | 0.48x | 0.47x | 0.52x | 0.57x | 0.67x | 0.65x |
Net Debt / EBITDA | 4.30x | 3.85x | 7.13x | 3.92x | 6.65x | 6.03x | 6.21x | 6.19x | 82.40x | 162.89x |
Book Value per Share | 70.42 | 76.41 | 90.35 | 106.28 | 129.07 | 140.32 | 132.37 | 130.17 | 112.42 | 102.74 |
Alexandria Real Estate Equities, Inc. (ARE) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 450.32M | 570.34M | 683.86M | 882.51M | 1.01B | 1.29B | 1.63B | 1.5B | 1.41B | 1.4B |
Operating CF Growth % | 14.73% | 26.65% | 19.9% | 29.05% | 14.47% | 28.13% | 25.98% | -7.73% | -6.01% | 11.05% |
Operating CF / Revenue % | 40.05% | 42.96% | 45.08% | 46.6% | 47.92% | 50.24% | 57.36% | 49.33% | 47.6% | 48.39% |
Net Income | 194.2M | 402.79M | 404.05M | 827.17M | 654.28M | 670.7M | 280.99M | 510.73M | -1.44B | -1.02B |
Depreciation & Amortization | 416.78M | 477.66M | 544.61M | 640.86M | 766.28M | 927.8M | 1B | 1.12B | 1.35B | 1.3B |
Stock-Based Compensation | 25.61M | 35.02M | 43.64M | 43.5M | 48.67M | 57.74M | 82.86M | 59.63M | 41.12M | 42.09M |
Other Non-Cash Items | -118.06M | -107.96M | -128.72M | -558.64M | -363.77M | -239.22M | 264.53M | 17.91M | 1.76B | 1.08B |
Working Capital Changes | -56.35M | -55.59M | -37.16M | -70.38M | -95.27M | -122.7M | 2.03M | -200.46M | -297.85M | -77.55M |
Cash from Investing | -1.74B | -2.16B | -3.64B | -3.28B | -7.11B | -5.08B | -2.5B | -1.51B | 527.59M | 465.39M |
Acquisitions (Net) | -39.59M | -83.34M | -102.07M | 16.78M | 372.24M | -971K | -658K | -1.01M | 165.49M | 33.54M |
Purchase of Investments | -171.88M | -235.94M | -190.78M | -174.66M | -408.56M | -242.93M | -189.47M | -236.36M | -2.13B | -501.82M |
Sale of Investments | 30.48M | 103.68M | 129.22M | 141.15M | 424.62M | 198.32M | 183.4M | 173.93M | 2.49B | 2.29B |
Other Investing | -3.3M | -2M | -3.48B | -3.26B | -7.5B | -5.03B | -2.49B | -1.45B | 0 | -1.35B |
Cash from Financing | 1.42B | 1.59B | 2.93B | 2.75B | 5.92B | 4.23B | 674.16M | -93.31M | -1.95B | -2.19B |
Dividends Paid | -321.75M | -385.84M | -451.17M | -532.98M | -655.97M | -757.74M | -847.48M | -898.56M | -911.45M | -681.46M |
Common Dividends | -312.13M | -380.63M | -447.03M | -532.98M | -655.97M | -757.74M | -847.48M | -898.56M | -911.45M | -681.46M |
Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Share Repurchases | -148.28M | -13.98M | 0 | 0 | 0 | 0 | 0 | -50.11M | -208.19M | 0 |
Other Financing | 12.55M | -23.27M | 880.48M | 170.79M | 1.79B | 1.27B | 261.66M | -100.45M | -976.19M | -808.93M |
Net Change in Cash | 129.35M▲ 0% | -5.06M▼ 103.9% | -29.44M▼ 482.3% | 355.02M▲ 1305.9% | -182.48M▼ 151.4% | 442.75M▲ 342.6% | -197.2M▼ 144.5% | -100.92M▲ 48.8% | -6.09M▲ 94.0% | 70M▲ 0% |
Exchange Rate Effect | 1.72M | -2.07M | 540K | 311K | -1.71M | -887K | -1.29M | -1.44M | 1.56M | 1.6M |
Cash at Beginning | 125.03M | 277.19M | 272.13M | 242.69M | 597.71M | 415.23M | 857.98M | 660.77M | 559.85M | 0 |
Cash at End | 254.38M | 272.13M | 242.69M | 597.71M | 415.23M | 857.98M | 660.77M | 559.85M | 553.75M | 0 |
Free Cash Flow | -1.1B▲ 0% | -1.37B▼ 24.5% | 683.86M▲ 149.8% | 882.51M▲ 29.0% | -6.32B▼ 816.6% | 1.29B▲ 120.5% | 1.63B▲ 26.0% | 1.5B▼ 7.7% | 1.41B▼ 6.0% | 1.4B▲ 0% |
FCF Growth % | -5.7% | -24.5% | 149.78% | 29.05% | -816.56% | 120.47% | 25.98% | -7.73% | -6.01% | 2.29% |
FCF / Revenue % | -98.13% | -103.49% | 45.08% | 46.6% | -299.95% | 50.24% | 57.36% | 49.33% | 47.6% | 48.39% |
Alexandria Real Estate Equities, Inc. (ARE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 11.48 | 14.11 | 8.07 | 11.16 | 9.44 | 9.43 | 7 | 8.86 | -0.47 | 1.54 |
FFO Payout Ratio | 29.53% | 26.1% | 49.24% | 37.75% | 47.11% | 49.73% | 70.79% | 58.91% | -1138.5% | 234.47% |
NOI Margin | 71.04% | 71.29% | 70.63% | 72% | 70.42% | 69.6% | 69.77% | 70.19% | 68.94% | 68.25% |
Net Debt / EBITDA | 4.30x | 3.85x | 7.13x | 3.92x | 6.65x | 6.03x | 6.21x | 6.19x | 82.40x | 162.89x |
Debt / Assets | 40.09% | 37.87% | 38.33% | 34.65% | 30.53% | 29.75% | 31.81% | 33.98% | 37.44% | 36.64% |
Interest Coverage | 2.51x | 3.56x | 3.33x | 3.10x | 5.60x | 8.12x | 4.79x | 3.75x | -4.37x | - |
Book Value / Share | 70.42 | 76.41 | 90.35 | 106.28 | 129.07 | 140.32 | 132.37 | 130.17 | 112.42 | 102.74 |
Revenue Growth | 25.24% | 18.05% | 14.27% | 24.85% | 11.32% | 22.19% | 10.34% | 7.29% | -2.59% | -4.57% |
Alexandria Real Estate Equities, Inc. (ARE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 27, 2026·SEC
Mar 31, 2026·SEC
Feb 25, 2026·SEC
Alexandria Real Estate Equities, Inc. (ARE) stock FAQ — growth, dividends, profitability & financials explained
Alexandria Real Estate Equities, Inc. (ARE) reported $2.90B in revenue for fiscal year 2025. This represents a 25326% increase from $11.4M in 1996.
Alexandria Real Estate Equities, Inc. (ARE) saw revenue decline by 2.6% over the past year.
Alexandria Real Estate Equities, Inc. (ARE) reported a net loss of $1.02B for fiscal year 2025.
Yes, Alexandria Real Estate Equities, Inc. (ARE) pays a dividend with a yield of 10.48%. This makes it attractive for income-focused investors.
Alexandria Real Estate Equities, Inc. (ARE) has a return on equity (ROE) of -6.9%. Negative ROE indicates the company is unprofitable.
Alexandria Real Estate Equities, Inc. (ARE) generated Funds From Operations (FFO) of $290.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Alexandria Real Estate Equities, Inc. (ARE) offers a 10.48% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.