ALEXANDRIA REAL ESTATE EQUITIES, INC.
ALEXANDRIA REAL ESTATE EQUITIES, INC.
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) — SEC Financial Statements & Analysis
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Real Estate Investment Property Net | 28,830 | 28,690 | 31,744 | 32,161 | 32,122 | 32,110 | 32,952 | 32,674 | 32,323 | 31,634 | 31,713 | 31,178 | |||||
Investments In Affiliates Subsidiaries Associates … | 31 | 31 | 40 | 40 | 50 | 40 | 40 | 41 | 41 | 38 | 38 | 38 | |||||
Cash And Cash Equivalents At Carrying Value | 419 | 549 | 579 | 521 | 476 | 552 | 563 | 561 | 722 | 618 | 532 | 924 | |||||
Restricted Cash And Cash Equivalents At Carrying V… | 5 | 5 | 5 | 7 | 7 | 8 | 17 | 5 | 10 | 43 | 35 | 36 | |||||
Accounts Receivable Net | 7 | 7 | 6 | 6 | 7 | 6 | 7 | 7 | 7 | 8 | 7 | 7 | |||||
Deferred Rent Receivables Net | 1,200 | 1,179 | 1,257 | 1,233 | 1,211 | 1,187 | 1,216 | 1,190 | 1,139 | 1,050 | 1,013 | 984 | |||||
Deferred Costs Leasing Net | 456 | 458 | 505 | 491 | 489 | 486 | 517 | 520 | 521 | 509 | 512 | - | |||||
Equity Securities Fv Ni And Without Readily Determ… | 1,536 | 1,501 | 1,538 | 1,477 | 1,480 | 1,477 | 1,519 | 1,494 | 1,512 | 1,450 | 1,432 | 1,496 | |||||
Other Assets | 1,683 | 1,662 | 1,701 | 1,688 | 1,758 | 1,661 | 1,657 | 1,357 | 1,425 | 1,422 | 1,502 | 1,475 | |||||
Assets | 34,167 | 34,082 | 37,375 | 37,624 | 37,600 | 37,527 | 38,488 | 37,848 | 37,699 | 36,771 | 36,783 | 36,659 | |||||
Secured Debt | - | 0 | 0 | 154 | 151 | 150 | 145 | 135 | 130 | 120 | 109 | 92 | |||||
Senior Long Term Notes | 11,166 | 12,047 | 12,045 | 12,043 | 12,640 | 12,094 | 12,092 | 12,090 | 12,087 | 11,096 | 11,094 | 11,091 | |||||
Line Of Credit | - | - | - | - | 300 | 0 | 455 | 200 | 0 | 100 | 0 | 0 | |||||
Accounts Payable And Accrued Liabilities Current A… | 2,155 | 2,397 | 2,433 | 2,361 | 2,281 | 2,654 | 2,866 | 2,530 | 2,504 | 2,611 | 2,653 | 2,494 | |||||
Dividends Payable Current And Noncurrent | 129 | 128 | 231 | 230 | 229 | 230 | 227 | 227 | 222 | 222 | 214 | 215 | |||||
Liabilities | 14,804 | 14,925 | 16,257 | 15,885 | 15,601 | 15,129 | 15,785 | 15,181 | 14,943 | 14,148 | 14,070 | 13,892 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities And Stockholders Equity | 34,167 | 34,082 | 37,375 | 37,624 | 37,600 | 37,527 | 38,488 | 37,848 | 37,699 | 36,771 | 36,783 | 36,659 | |||||
Temporary Equity Carrying Amount Including Portion… | 9 | 59 | 59 | 10 | 10 | 20 | 17 | 16 | 17 | 16 | 52 | 53 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Additional Paid In Capital | 15,763 | 15,498 | 16,670 | 17,201 | 17,509 | 17,934 | 18,238 | 18,285 | 18,435 | 18,485 | 18,651 | 18,812 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -31 | -29 | -32 | -27 | -46 | -46 | -23 | -28 | -24 | -16 | -25 | -17 | |||||
Stockholders Equity | 15,734 | 15,470 | 16,639 | 21,729 | 17,465 | 17,889 | 22,687 | 18,259 | 22,739 | 18,471 | 22,661 | 22,715 | |||||
Minority Interest | 3,620 | 3,628 | 4,420 | 4,554 | 4,525 | 4,489 | 4,469 | 4,392 | 4,327 | 4,135 | 4,033 | 3,917 | |||||
Common Stock Par Or Stated Value Per Share | - | 0.01 | - | - | - | 0.01 | - | - | - | 0.01 | - | - | |||||
Common Stock Shares Authorized | - | 400 | - | - | - | 400 | - | - | - | 400 | - | - | |||||
Shares Outstanding | - | 171 | - | - | - | 172 | - | - | - | 172 | - | - | |||||
Common Stock Shares Issued | - | 171 | - | - | - | 172 | - | - | - | 172 | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.17% | 12.01% | - | - | - | - | - | - | - | - | - | - |
| 2025 | -11.89% | -7.29% | 3.41% | -2.79% | 8.50% | -4.06% | -34.65% | -38.44% | -24.56% | -6.14% | -17.09% | -13.58% |
| 2024 | 4.72% | -1.90% | 7.48% | -8.86% | -1.13% | -5.53% | -11.66% | -14.11% | -19.44% | -6.40% | -5.72% | -22.70% |
| 2023 | - | - | - | -6.51% | -7.62% | -18.66% | 9.91% | 37.90% | 35.11% | -3.57% | -0.72% | -7.56% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | -2.36 | -4.37 | -1.19 | 0.65 | 1.67 | 2.67 | 2.78 | 2.11 | 2.82 | 2.25 | 7.07 | 11.12 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.00 | -0.01 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Free Cash Flow Per Share TTM | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.01 | -0.03 | |||||
| Dividend Per Share TTM | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 91.82% | 92.51% | 92.92% | 93.38% | 93.69% | 94.04% | 94.74% | 95.68% | 96.57% | 97.43% | 97.86% | 97.40% | |||||
| Operating Profit Margin TTM | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |||||
| Net Profit Margin TTM | -27.45% | -40.20% | -15.53% | -2.34% | 4.22% | 9.93% | 9.34% | 4.80% | 6.23% | 3.20% | 12.96% | 26.30% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -5.35% | -2.88% | -0.76% | 3.12% | 5.13% | 7.99% | 10.22% | 9.55% | 10.44% | 11.46% | 12.15% | 15.16% | |||||
| Net Income Growth (1Y) | -715.51% | -493.06% | -265.04% | -150.26% | -28.79% | 234.86% | -20.58% | -80.00% | -79.49% | -86.22% | -46.93% | 79.86% | |||||
| EPS Growth (1Y) | -715.24% | -497.13% | -266.86% | -150.82% | -28.20% | 232.60% | -21.12% | -80.13% | -79.63% | -86.96% | -49.83% | 69.91% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -9,688.99 | -6,656.31 | -28,562.79 | -160,454.31 | 111,403.75 | 49,498.59 | 63,865.36 | 124,113.25 | 106,076.56 | 204,345.11 | 40,710.82 | 22,898.48 | |||||
| P/B | 403.86 | 424.08 | 644.88 | 536.02 | 664.02 | 684.70 | 811.01 | 791.34 | 858.69 | 835.62 | 651.69 | 727.77 | |||||
| P/S TTM | 2,659.23 | 2,675.95 | 4,436.61 | 3,756.31 | 4,701.97 | 4,916.75 | 5,964.78 | 5,961.13 | 6,609.97 | 6,546.24 | 5,276.65 | 6,022.64 | |||||
| Market Cap | 7,816.59B | 8,098.91B | 13,580.86B | 11,647.38B | 14,601.69B | 15,322.54B | 18,399.35B | 17,924.19B | 19,525.94B | 18,890.48B | 14,768.10B | 16,531.10B | |||||
| Enterprise Value | 7,816.17B | 8,098.36B | 13,580.28B | 11,646.85B | 14,601.21B | 15,321.98B | 18,398.77B | 17,923.62B | 19,525.20B | 18,889.82B | 14,767.53B | 16,530.14B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.40B | 1.41B | 1.33B | 1.37B | 1.32B | 1.26B | 1.45B | 1.37B | 1.38B | 1.36B | -2.36B | -4.89B | |||||
| Net Debt | -423.39M | -553.76M | -584.18M | -527.95M | -483.75M | -559.85M | -579.64M | -565.85M | -731.70M | -660.77M | -567.71M | -960.29M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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