Alexandria Real Estate Equities, Inc.
ARE · NYSE
Financial statements
Annual and quarterly income, balance-sheet, cash-flow and key-statistics data.
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2022 FY | 2.58B | 1.79B | 613.46M | 521.66M | 3.18 |
| 2023 FY | 2.84B | 1.98B | 690.45M | 103.64M | 0.54 |
| 2024 FY | 3.05B | 2.14B | 769.70M | 322.95M | 1.80 |
| 2025 FY | 2.97B | 2.05B | -1.20B | -1.43B | -8.44 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2022 FY | 35.52B | 12.84B | 825.19M | 10.57B | 18.97B |
| 2023 FY | 36.77B | 14.15B | 618.19M | 11.70B | 18.47B |
| 2024 FY | 37.53B | 15.13B | 552.15M | 12.75B | 17.89B |
| 2025 FY | 34.08B | 14.93B | 549.06M | 12.76B | 15.47B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2022 FY | 1.29B | — | 1.29B | -757.74M | 442.75M |
| 2023 FY | 1.63B | — | 1.63B | -847.48M | -197.20M |
| 2024 FY | 1.50B | — | 1.50B | -898.56M | -100.92M |
| 2025 FY | 1.41B | — | 1.41B | -911.45M | -6.09M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2022 FY | 23.55B | 33.29B | — | — | — |
| 2023 FY | 21.67B | 32.75B | — | — | — |
| 2024 FY | 16.79B | 28.98B | — | — | — |
| 2025 FY | 8.34B | 20.55B | — | — | — |
| 2026-12-31 | — | — | — | — | — |
| 2027-12-31 | — | — | — | — | — |
| 2028-12-31 | — | — | — | — | — |
Income statement
| Period | Revenue | Gross profit | Operating income | Net income | EPS |
|---|---|---|---|---|---|
| 2025 Q2 | 737.28M | 512.85M | 137.60M | -107.00M | -0.64 |
| 2025 Q3 | 735.85M | 496.62M | 127.16M | -232.75M | -1.38 |
| 2025 Q4 | 754.41M | 521.87M | -1.61B | -1.08B | -6.35 |
| 2026 Q1 | 671.02M | 446.88M | 106.75M | 398.38M | 2.10 |
Balance sheet
| Period | Total assets | Liabilities | Cash | Debt | Equity |
|---|---|---|---|---|---|
| 2025 Q2 | 37.62B | 15.88B | 520.55M | 13.66B | 17.18B |
| 2025 Q3 | 37.38B | 16.26B | 579.47M | 13.96B | 16.64B |
| 2025 Q4 | 34.08B | 14.93B | 549.06M | 12.76B | 15.47B |
| 2026 Q1 | 34.17B | 14.80B | 418.72M | 12.88B | 15.73B |
Cash flow
| Period | Operating cash flow | Capital expenditure | Free cash flow | Dividends paid | Net cash change |
|---|---|---|---|---|---|
| 2025 Q2 | 460.24M | — | 460.24M | -227.23M | 44.19M |
| 2025 Q3 | 433.48M | — | 433.48M | -227.20M | 56.23M |
| 2025 Q4 | 312.38M | — | 312.38M | -227.03M | -30.42M |
| 2026 Q1 | 196.62M | — | 196.62M | -123.75M | -130.37M |
Key statistics
| Period | Market cap | Enterprise value | P/E | Price / sales | Debt / equity |
|---|---|---|---|---|---|
| 2025 Q2 | 12.36B | 25.49B | — | — | — |
| 2025 Q3 | 14.18B | 27.56B | — | — | — |
| 2025 Q4 | 8.34B | 20.55B | — | — | — |
| 2026 Q1 | 8.74B | 21.20B | — | — | — |
| 2026-06-30 | — | — | — | — | — |
| 2026-09-30 | — | — | — | — | — |
| 2026-12-31 | — | — | — | — | — |