Alexandria Real Estate Equities, Inc. (ARE) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Alexandria Real Estate Equities reported revenue of $3.03B, down 2.9% from $3.12B the year before. Net income was -$1.43B (a -47.2% net margin), or -$8.44 per diluted share. Gross margin was -59.2% and operating margin was -107.7%. Operating activities generated $1.41B of cash. At fiscal year end, Alexandria Real Estate Equities held $34.08B in total assets against $14.93B in total liabilities, including $549.1M of cash and equivalents.
Open the full interactive Alexandria Real Estate Equities financials → Quarterly statements, key ratios, valuation history and price charts.
Alexandria Real Estate Equities Key Stats
| Share Price | $43.82 |
|---|---|
| Market Cap | $7.48B |
| Revenue YoY Growth | -2.9% |
| 52-Week Range | $39.29 – $73.46 |
| Shares Outstanding | 170.7 million (basic, 2026 Q2) |
Alexandria Real Estate Equities Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.89B | $2.11B | $2.59B | $2.89B | $3.12B | $3.03B |
| Cost of Goods Sold | $1.64B | $1.86B | $2.13B | $2.69B | $2.69B | $4.82B |
| Gross Profit | $243.6M | $256.0M | $463.9M | $198.4M | $427.5M | -$1.79B |
| Operating Income | -$587.8M | -$716.5M | -$715.5M | -$1.09B | -$943.3M | -$3.26B |
| Pre-Tax Income | $771.0M | $571.2M | $521.7M | $103.6M | $322.9M | -$1.43B |
| Net Income | $771.0M | $571.2M | $521.7M | $103.6M | $322.9M | -$1.43B |
| Diluted EPS | $6.01 | $3.82 | $3.18 | $0.54 | $1.80 | -$8.44 |
Alexandria Real Estate Equities Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $751.9M | $754.4M | $671.0M | $662.8M |
| Net Income | -$232.8M | -$1.08B | $361.7M | -$72.8M |
| Diluted EPS | -$1.38 | -$6.35 | $2.10 | -$0.43 |
Alexandria Real Estate Equities Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $568.5M | $361.3M | $825.2M | $618.2M | $552.1M | $549.1M |
| Total Assets | $22.83B | $30.22B | $35.52B | $36.77B | $37.53B | $34.08B |
| Total Long-Term Debt | $7.56B | $8.79B | $10.16B | $11.32B | $12.24B | $12.40B |
| Total Liabilities | $9.38B | $11.19B | $12.84B | $14.15B | $15.13B | $14.93B |
| Shareholders' Equity | $11.73B | $16.19B | $18.97B | $18.47B | $17.89B | $15.47B |
Alexandria Real Estate Equities Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $882.5M | $1.01B | $1.29B | $1.63B | $1.50B | $1.41B |
| Cash From Investing | -$3.28B | -$7.11B | -$5.08B | -$2.50B | -$1.51B | $362.1M |
| Cash From Financing | $2.75B | $5.92B | $4.23B | $674.2M | -$93.3M | -$1.78B |
Figures from Alexandria Real Estate Equities' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Alexandria Real Estate Equities financials page for every line item.
Alexandria Real Estate Equities Company Profile
| Ticker | ARE |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Pasadena, California |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001035443 |
Frequently Asked Questions
What was Alexandria Real Estate Equities' revenue in fiscal 2025?
Alexandria Real Estate Equities (ARE) reported revenue of $3.03B for fiscal 2025.
What is Alexandria Real Estate Equities' annual revenue history?
Alexandria Real Estate Equities' annual revenue by fiscal year: 2020: $1.89B; 2021: $2.11B; 2022: $2.59B; 2023: $2.89B; 2024: $3.12B; 2025: $3.03B.
What was Alexandria Real Estate Equities' net income in fiscal 2025?
Alexandria Real Estate Equities reported net income of -$1.43B for fiscal 2025.
What was Alexandria Real Estate Equities' earnings per share (EPS) in fiscal 2025?
Alexandria Real Estate Equities' diluted EPS was -$8.44 for fiscal 2025 (adjusted for any later stock splits).
What was Alexandria Real Estate Equities' revenue last quarter?
In its most recent reported quarter (2026 Q2), Alexandria Real Estate Equities reported revenue of $662.8M.
How much debt does Alexandria Real Estate Equities have?
Alexandria Real Estate Equities reported $12.40B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Alexandria Real Estate Equities are outstanding?
Alexandria Real Estate Equities reported a weighted average of 170.7 million basic shares outstanding in 2026 Q2.
What is Alexandria Real Estate Equities' market cap?
Based on its latest closing price, Alexandria Real Estate Equities (ARE) has a market capitalization of about $7.48B.
When does Alexandria Real Estate Equities' fiscal year end?
Alexandria Real Estate Equities' fiscal year end, as registered with the SEC, is December 31.
Where is Alexandria Real Estate Equities headquartered?
Alexandria Real Estate Equities lists its business address in Pasadena, California in its SEC filings.