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Alexandria Real Estate Equities (ARE)

NYSE Real Estate Office REITs S&P 500
$44.80
-0.37 (-0.82%)
Close of Nov 06, 2026 · end-of-day data
Source: Alexandria Real Estate Equities's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 03, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$921.71M$1.13B$1.33B$1.53B$1.89B$2.11B$2.59B$2.89B$3.12B$3.03B
Interest expense$106.95M$128.65M$157.50M$173.68M$171.61M$142.16M$94.20M$74.20M$185.84M$226.70M
Net income-$65.90M$169.09M$379.31M$363.17M$770.96M$571.25M$521.66M$103.64M$322.95M-$1.43B
EPS (basic)$-1.99$1.59$3.53$3.13$6.03$3.83$3.18$0.54$1.80$-8.44
EPS (diluted)$-1.99$1.58$3.52$3.12$6.01$3.82$3.18$0.54$1.80$-8.44
Diluted shares76.10M92.06M103.32M112.52M126.49M147.46M161.66M170.91M172.07M170.31M
Net margin-7.1%15.0%28.6%23.7%40.9%27.0%20.1%3.6%10.4%-47.2%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$125.03M$254.38M$234.18M$189.68M$568.53M$361.35M$825.19M$618.19M$552.15M$549.06M
Total assets$10.35B$12.10B$14.46B$18.39B$22.83B$30.22B$35.52B$36.77B$37.53B$34.08B
Long-term debt$4.16B$4.76B$5.48B$6.78B$7.56B$8.79B$10.16B$11.32B$12.24B$12.40B
Total debt$4.16B$4.76B$5.48B$6.78B$7.56B$8.79B$10.16B$11.32B$12.24B$12.40B
Total liabilities$4.97B$5.62B$6.57B$8.22B$9.38B$11.19B$12.84B$14.15B$15.13B$14.93B
Shareholders' equity$4.90B$5.95B$7.34B$8.87B$11.73B$16.19B$18.97B$18.47B$17.89B$15.47B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$393.49M$450.88M$570.34M$683.86M$882.51M$1.01B$1.29B$1.63B$1.50B$1.41B
Free cash flow$393.49M$450.88M$570.34M$683.86M$882.51M$1.01B$1.29B$1.63B$1.50B$1.41B
Investing cash flow-$1.50B-$1.74B-$2.16B-$3.64B-$3.28B-$7.11B-$5.08B-$2.50B-$1.51B$362.10M
Financing cash flow$1.09B$1.42B$1.59B$2.93B$2.75B$5.92B$4.23B$674.16M-$93.31M-$1.78B
Dividends paid$262.80M$321.80M$385.80M$451.20M$533.00M$656.00M$757.70M$847.50M$898.60M$911.45M
Share buybacks——————$0$0$50.11M$208.19M
Stock-based compensation$25.43M$25.61M$35.02M$43.64M$43.50M$48.67M$57.74M$82.86M$59.63M$41.12M
Depreciation & amortization$313.39M$416.78M$477.66M$544.61M$698.10M$821.06M$1.00B$1.09B$1.20B$1.35B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.