Alexandria Real Estate Equities, Inc. (ARE) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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ARE Revenue Growth
Revenue Breakdown (FY 2025)
ARE's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ARE Revenue Analysis (2014–2025)
As of May 8, 2026, Alexandria Real Estate Equities, Inc. (ARE) generated trailing twelve-month (TTM) revenue of $2.90 billion, reflecting moderate decline in growth of -9.7% year-over-year. The most recent quarter (Q1 2026) recorded $671.0 million in revenue, down 11.1% sequentially.
Looking at the longer-term picture, ARE's 5-year compound annual growth rate (CAGR) stands at +9.4%, indicating steady revenue expansion. The company achieved its highest annual revenue of $3.05 billion in 2024.
Revenue diversification analysis shows ARE's business is primarily driven by Rental revenues (97%), and Product and Service, Other (3%). With over half of revenue concentrated in Rental revenues, the company maintains significant focus in this area while developing other growth vectors.
When compared to Real Estate sector peers including CTRE (+90.0% YoY), IIPR (-13.6% YoY), and ONCO (-67.7% YoY), ARE has underperformed the peer group in terms of revenue growth. Compare ARE vs CTRE →
ARE Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARECurrent | $2.9B | -9.7% | +9.4% | -40.5% | |
 CTRE | $477M | +90.0% | +22.1% | 67.2% | |
 IIPR | $266M | -13.6% | +17.9% | 46.7% | |
 ONCO | $815,371 | -67.7% | - | -778.2% | |
 BXP | $3.5B | +2.2% | +4.7% | 55.7% | |
 VNO | $1.8B | -0.3% | +3.5% | 15.0% |
ARE Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.97B | -2.6% | $2.05B | 68.9% | $-1,202,275,000 | -40.5% |
| 2024 | $3.05B | +7.3% | $2.14B | 70.2% | $769.7M | 25.2% |
| 2023 | $2.84B | +10.3% | $1.98B | 69.8% | $690.4M | 24.3% |
| 2022 | $2.58B | +22.2% | $1.79B | 69.6% | $613.5M | 23.8% |
| 2021 | $2.11B | +11.3% | $1.48B | 70.4% | $512.2M | 24.3% |
| 2020 | $1.89B | +24.8% | $1.36B | 72.0% | $1.23B | 65.0% |
| 2019 | $1.52B | +14.3% | $1.07B | 70.6% | $417.9M | 27.6% |
| 2018 | $1.33B | +18.0% | $946.3M | 71.3% | $422.3M | 31.8% |
| 2017 | $1.12B | +25.2% | $798.9M | 71.0% | $180.7M | 16.1% |
| 2016 | $897.9M | +9.6% | $619.5M | 69.0% | $41.1M | 4.6% |
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Start ComparisonARE — Frequently Asked Questions
Quick answers to the most common questions about buying ARE stock.
Is ARE's revenue growth accelerating or slowing?
ARE revenue declined -9.7% year-over-year, contrasting with the 5-year CAGR of +9.4%. TTM revenue fell to $2.9B. This reverses the prior growth trend.
What is ARE's long-term revenue growth rate?
Alexandria Real Estate Equities, Inc.'s 5-year revenue CAGR of +9.4% reflects the variable expansion pattern. Current YoY growth of -9.7% is below this long-term average.
How is ARE's revenue distributed by segment?
ARE reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.