Saturday 10 October 2026 Export all ARE data to Excel Powerpack

Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, down 2.88% from fiscal 2024. In the quarter to June 2026, revenue fell 13.0%, EPS grew 32.8%, free cash flow fell 158.1% and total debt fell 3.62%, each against the same quarter a year earlier. Member of the S&P 500; insiders bought in the last twelve months.

45.51 0.09 −0.20%

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Market cap: $8.0B
P/E: 0.0×
Fwd P/E: 0.0×
Dividend yield: 6.33%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total buys 3.19

Total sells 1.90

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	1	—	1	—	1	3	—	—	1	1	—
Sell	—	1	—	1	—	1	—	1	—	1	1	—

Insider Ownership 0.36%

Capital & Financial Ratios $m

Market Cap 7,950.00

Revenue 2,840.16

Net Income (833.79)

Free Cash Flow 1,716.83

Net Debt 12,337.73

Current Ratio 0.19

Debt/Equity 0.67

P/E ratio 0.00

Fwd P/E 0.00

P/S ratio 2.74

P/B ratio 0.41

Past 5Y EPS Growth —

This Y EPS Growth 117.89%

Next Y EPS Growth (157.64%)

Next Y revenue growth (100.00%)

Next 5Y EPS Growth 50.49%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 2.18%

10-year low 10-year high

P/B against its own 10 years 1.59%

10-year low 10-year high

EV/Sales against its own 10 years 4.62%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 2.88

Annual Dividend Yield 6.33%

	total	individual payouts
2026	2.16	0.72 0.72 0.72
2025	4.68	1.32 1.32 1.32 0.72
2024	5.19	1.27 1.30 1.30 1.32
2023	4.96	1.21 1.24 1.24 1.27
2022	4.72	1.15 1.18 1.18 1.21
2021	4.48	1.09 1.12 1.12 1.15
2020	4.24	1.03 1.06 1.06 1.09
2019	4.00	0.97 1.00 1.00 1.03
2018	3.73	0.90 0.93 0.93 0.97
2017	3.45	0.83 0.86 0.86 0.90
2016	3.23	0.80 0.80 0.80 0.83

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	661	560	554	475
Receivables	8	6	7	8
Inventory	—	—	—	—
Other	—	—	—	—
	669	566	560	483

	2023	2024	2025	Q'26
Payables	2,611	2,654	2,397	2,514
ST’ Debt	—	—	—	—
Other	—	—	—	—
	2,611	2,654	2,397	2,514

Compound Annual Growth %

	10y	5y	3y
Sales	13.63%	9.93%	5.34%
Cash Flow	15.23%	9.89%	2.99%
Earnings	0.00%	0.00%	0.00%
Book Value	16.13%	7.29%	(5.56%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	671	663	—	—	—
’25	758	762	752	754	3,027
’24	769	767	792	789	3,116
’23	701	714	714	757	2,886
’22	615	644	660	670	2,589
’21	480	510	548	577	2,114
’20	440	437	545	464	1,886

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	197	337	—	—	—
’25	208	460	433	312	1,414
’24	341	412	477	274	1,505
’23	306	478	418	429	1,631
’22	191	339	363	401	1,294
’21	212	240	309	250	1,010
’20	191	202	315	174	883

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(349)	(62)	—	—	—
’25	(370)	106	54	2,074	1,864
’24	(529)	(143)	(1)	727	53
’23	(745)	76	(226)	37	(858)
’22	(2,379)	(276)	(282)	(960)	(3,897)
’21	(2,099)	(1,373)	(1,003)	(1,849)	(6,324)
’20	(665)	(367)	(1,121)	(233)	(2,386)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	2.10	(0.43)	—	—	—
’25	(0.07)	(0.64)	(1.38)	(6.35)	(8.44)
’24	0.97	0.25	0.96	(0.38)	1.80
’23	0.44	0.51	0.13	(0.54)	0.54
’22	(0.96)	1.67	2.11	0.31	3.18
’21	0.04	2.61	0.67	0.47	3.82
’20	0.14	1.82	0.63	3.26	6.01

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	70.69	106.89	109.04	110.66	109.22	154.37	126.74	90.73	96.44	44.10	Analyst estimates 2026–2028 Powerpack
	High	114.67	134.37	131.00	163.51	179.79	224.95	224.33	172.65	131.36	105.14
People
People	Employees	285	323	386	439	470	559	593	568	552	514
	Revenue/emp, $m	3.23	3.49	3.44	3.49	4.01	3.78	4.37	5.08	5.65	5.89
Income, $m
Income, $m	Revenue	922	1,128	1,327	1,531	1,886	2,114	2,589	2,886	3,116	3,027
	Gross margin, %	69.79	71.14	71.29	70.91	71.88	70.51	69.75	70.23	70.82	69.52
	EBT	(54)	194	394	404	665	515	133	3	374	(1,850)
	EBT margin, %	(5.82)	17.18	29.69	26.35	35.26	24.38	5.13	0.10	12.01	(61.11)
	Net income	(50)	194	403	404	827	654	671	281	511	(1,217)
	Depreciation	319	406	464	520	648	776	942	1,017	1,135	1,332
Per share, $
Per share, $	Revenue	12.11	12.32	12.89	13.65	14.95	14.39	16.02	16.88	18.11	17.77
	Earnings	(1.99)	1.59	3.53	3.13	6.03	3.83	3.18	0.54	1.80	(8.44)
	Cash flow	5.17	4.93	5.54	6.09	7.00	6.88	8.01	9.54	8.74	8.30
	Capex	(18.90)	(16.97)	(18.87)	(32.69)	(25.92)	(49.92)	(32.11)	(14.56)	(8.43)	2.64
	Free cash flow	(13.73)	(12.05)	(13.34)	(26.60)	(18.92)	(43.04)	(24.10)	(5.02)	0.31	10.94
	Book value	70.58	70.69	76.54	90.50	106.52	129.48	140.26	132.27	130.05	112.14
	Shares, m	76	92	103	112	126	147	162	171	172	170
Valuation, ×
Valuation, ×	P/E	0.00	82.23	32.46	52.12	30.41	58.83	46.04	239.46	54.19	0.00
	P/S	9.13	10.54	8.94	11.84	11.92	15.49	9.00	7.66	5.39	2.75
	P/B	1.63	1.86	1.52	1.79	1.67	1.72	1.03	0.98	0.75	0.44
	EV/Sales	13.49	14.52	12.86	16.11	15.61	19.46	12.59	11.35	9.14	6.67
	EV/FCF	(11.90)	(14.85)	(12.43)	(8.26)	(12.34)	(6.50)	(8.37)	(38.19)	533.09	10.83
Cash, $m
Cash, $m	Operating cash flow	393	451	570	684	883	1,010	1,294	1,631	1,505	1,414
	Capex	(1,438)	(1,554)	(1,944)	(3,668)	(3,269)	(7,334)	(5,191)	(2,488)	(1,451)	450
	Free cash flow	(1,045)	(1,103)	(1,374)	(2,985)	(2,386)	(6,324)	(3,897)	(858)	53	1,864
Balance, $m
Balance, $m	Working capital	(581)	(476)	(700)	(1,067)	(1,065)	(1,788)	(1,606)	(1,942)	(2,088)	(1,837)
	Total debt	4,164	4,765	5,478	6,777	7,563	8,792	10,160	11,316	12,244	12,401
	Net debt	4,023	4,488	5,206	6,535	6,966	8,377	9,302	10,655	11,685	11,847
	Shareholders’ equity	5,371	6,472	7,884	10,154	13,432	19,024	22,674	22,607	22,378	19,098
Returns, %
Returns, %	ROA	(1.57)	1.29	2.74	2.14	3.69	2.12	1.56	0.26	0.83	(4.02)
	ROIC	1.77	1.77	1.81	1.62	1.61	1.18	1.22	1.38	1.53	1.29
	ROE	(3.33)	2.52	5.12	3.91	6.45	3.47	2.46	0.41	1.38	(6.93)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BXP BXP, Inc.	$10.4B	31.7×	32.8×	+3.14% (above 0%: growing)	−23.21% (below 0%: shrinking)	+38.70% (above 0%: growing)	61.43%	28.91%	Compare
ARE Alexandria Real Estate Equities, Inc.	$8.0B	— (loss-making)	— (loss-making)	−13.03% (below 0%: shrinking)	n/m	−158.14% (below 0%: shrinking)	68.72%	17.23%
CDP COPT Defense Properties	$7.6B	23.3×	24.5×	+3.94% (above 0%: growing)	+17.65% (above 0%: growing)	+76.90% (above 0%: growing)	60.18%	32.03%	Compare
VNO Vornado Realty Trust	$6.9B	1,681×	— (loss-making)	+4.71% (above 0%: growing)	−97.93% (below 0%: shrinking)	−90.54% (below 0%: shrinking)	51.58%	5.54%	Compare
CUZ Cousins Properties Incorporated	$4.6B	691×	145×	+11.83% (above 0%: growing)	+77.78% (above 0%: growing)	+811.42% (above 0%: growing)	68.47%	24.85%	Compare
KRC Kilroy Realty Corporation	$4.0B	24.0×	155×	−6.04% (below 0%: shrinking)	−70.69% (below 0%: shrinking)	−83.18% (below 0%: shrinking)	65.29%	23.99%	Compare
SLG SL Green Realty Corporation	$3.7B	— (loss-making)	— (loss-making)	+9.13% (above 0%: growing)	n/m	+7,443.12% (above 0%: growing)	48.82%	7.84%	Compare
HIW Highwoods Properties, Inc.	$3.2B	19.0×	31.1×	+7.87% (above 0%: growing)	+400.00% (above 0%: growing)	+364.51% (above 0%: growing)	67.58%	26.47%	Compare
DEI Douglas Emmett, Inc.	$1.7B	— (loss-making)	— (loss-making)	+1.63% (above 0%: growing)	n/m	+41.06% (above 0%: growing)	63.19%	19.62%	Compare
Median of peers	$4.3B	27.8×	32.8×	+4.33%	−2.78%	+58.98%	62.31%	24.42%

All 18 Reit Office stocks →

Alexandria Real Estate Equities, Inc. (ARE) key facts

Concern: Alexandria Real Estate Equities, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $3.0 billion, down 2.88% from fiscal 2024.
Alexandria Real Estate Equities, Inc. (ARE) is a Reit Office company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 9, 2026, ARE traded at $45.51, a market capitalization of $8.0 billion.
Alexandria Real Estate Equities, Inc. pays an annual dividend of $2.88 per share, a yield of 6.33%.
Return on equity was −6.93% and debt-to-equity 0.67.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.