Overview
ALEXANDRIA REAL ESTATE EQUITIES, INC.
Latest 10-K: FY2025, filed Jan 26, 2026 · Open the 10-K (Inline XBRL) ↗
- Revenue
- $3.03B
- 2.9%YoYdown from FY2024
- TotalRevenue
- Gross profit
- Not reported
- Net income
- -$1.43B
- 542.7%YoYdown from FY2024
- NetIncome
- Diluted EPS
- -$8.44
- 568.9%YoYdown from FY2024
- EPSDiluted
- Diluted shares
- 170.3M
- 1.0%YoYdown from FY2024
- WeightedAvgSharesDiluted
At a glance
Growth
- ALEXANDRIA REAL ESTATE EQUITIES, INC. reported revenue of $3.03B for fiscal 2025, down 2.9% from fiscal 2024.
- Revenue grew faster than the median S&P 500 member in 3 of the last 5 fiscal years.
Profitability
- Net margin was -47.2%, against a median of 12.8% across S&P 500 members for the same fiscal year.
Per share
- Diluted EPS was -$8.44, down 568.9% from the prior year.
Written from the filed figures on this page by fixed rules — no AI.
Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K
Financial statements
Annual figures from the 10-K, most recent fiscal year first.
Income Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Revenue | $3.03B2.9%down Benchmark median 6.4% | $3.12B8.0%up Benchmark median 4.5% | $2.89B11.5%up Benchmark median 4.8% | $2.59B22.5%up Benchmark median 10.3% | $2.11B12.1%up Benchmark median 13.8% | 9.4% Benchmark median 6.6% |
| Gross Profit Median of 315 / 498 | — | — | — | — | — | — Benchmark median 6.2% |
| Operating Income Median of 373 / 498 | — | — | — | — | — | — Benchmark median 7.2% |
| Net Income | negative: -$1.43B542.7%down Benchmark median 4.8% | $0.32B211.6%up Benchmark median 5.7% | $0.10B80.1%down Benchmark median 1.9% | $0.52B8.7%down Benchmark median 1.3% | $0.57B25.9%down Benchmark median 33.9% | n/m Benchmark median 4.1% |
| EPS (Diluted) | negative: -$8.44568.9%down Benchmark median 6.2% | $1.80233.3%up Benchmark median 7.9% | $0.5483.0%down Benchmark median 1.9% | $3.1816.8%down Benchmark median 1.5% | $3.8236.4%down Benchmark median 34.8% | n/m Benchmark median 5.6% |
Balance Sheet
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Total Assets | $34.08B9.2%down Benchmark median 5.6% | $37.53B2.1%up Benchmark median 3.4% | $36.77B3.5%up Benchmark median 4.1% | $35.52B17.6%up Benchmark median 2.2% | $30.22B32.4%up Benchmark median 6.7% | 3.1% Benchmark median 4.7% |
| Total Liabilities Median of 357 / 498 | $14.93B1.3%down Benchmark median 6.4% | $15.13B6.9%up Benchmark median 1.9% | $14.15B10.2%up Benchmark median 2.9% | $12.84B14.8%up Benchmark median 2.0% | $11.19B19.2%up Benchmark median 5.2% | 7.5% Benchmark median 4.4% |
| Stockholders' Equity | $19.10B14.7%down Benchmark median 6.8% | $22.38B1.0%down Benchmark median 5.4% | $22.61B0.3%down Benchmark median 7.3% | $22.67B19.2%up Benchmark median 2.5% | $19.02B41.6%up Benchmark median 9.0% | 0.1% Benchmark median 6.1% |
| Cash & Equivalents | $549.06M0.6%down Benchmark median 5.2% | $552.15M10.7%down Benchmark median 1.9% | $618.19M25.1%down Benchmark median 6.7% | $825.19M128.4%up Benchmark median -8.6% | $361.35M36.4%down Benchmark median -2.9% | 11.0% Benchmark median 2.0% |
| Total Debt | $12.40B†1.3%up Benchmark median 2.1% | $12.24B†8.2%up Benchmark median 0.2% | $11.32B†11.4%up Benchmark median 0.3% | $10.16B†15.6%up Benchmark median 0.1% | $8.79B†16.2%up Benchmark median -0.1% | 9.0% Benchmark median 4.3% |
† Sum of short-term and long-term debt; the company files no total-debt line.
Cash Flow Statement
5 annual periodsChip: YoY change.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | 4Y CAGR |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.41B6.0%down Benchmark median 6.3% | $1.50B7.7%down Benchmark median 4.8% | $1.63B26.0%up Benchmark median 9.9% | $1.29B28.1%up Benchmark median -0.7% | $1.01B14.5%up Benchmark median 10.7% | 8.8% Benchmark median 7.0% |
| Capital Expenditures | — | — | — | — | — | — Benchmark median 9.0% |
| Free Cash Flow Median of 378 / 498 | — | — | — | — | — | — Benchmark median 4.9% |
n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.
Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology
Ratios & valuation
FY2025Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.
Valuation · Earnings yield
What a dollar of market value earned
n/m
Wall Street
on net earnings
FY2024 1.8%
— Not reported
Value investor
on free cash flow
FY2024 — Not reported
How it’s calculated
Wall Street · on net earnings
Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)
pe_ratio (ratio table)
P/E n/mValue investor · on free cash flow
(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)
free cash flow ÷ market cap
Valuation · Book yield
Net assets behind a dollar of market value
229.1%
Wall Street
on book equity
FY2024 133.3%
229.1%
Value investor
on tangible book
FY2024 133.3%
Gap Same: Both views read the same
How it’s calculated
Wall Street · on book equity
Book value of equity ÷ market capitalisation (1 ÷ P/B)
pb_ratio (ratio table)
P/B 0.4×Value investor · on tangible book
Tangible book value (equity less goodwill and intangibles) ÷ market capitalisation
tangible_book_value_per_share ÷ (pb_ratio × book_value_per_share)
Quality · Return on capital
Profit earned on the money in the business
negative: −6.9%
Wall Street
ROE: net income ÷ equity
FY2024 1.4%
— Not reported
Value investor
ROIC: after-tax operating profit ÷ invested capital
FY2024 — Not reported
How it’s calculated
Wall Street · ROE: net income ÷ equity
Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.
return_on_equity (ratio table)
Value investor · ROIC: after-tax operating profit ÷ invested capital
Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it
roic (ratio table)
Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.
Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.
Smart money
Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.
Peers, filings & research
Research Reports
No published research on ARE yet.
Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on ARE and publish the result to your public profile.
Cite this page
Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/ARE
Valuein. (2026, October 30). ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/ARE
@misc{valuein_are_2026,
author = {{Valuein}},
title = {ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) financial statements, earnings power and smart-money summary},
year = {2026},
howpublished = {\url{https://valuein.biz/data/ARE}},
note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}10-K filed Jan 26, 2026 · accession 0001035443-26-000013
Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.
point-in-time · survivorship-free · every number traceable to its SEC filing
Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.