Alexandria Real Estate Equities
ARE NYSE· Office REITs
Last close · Oct 26, 2026
$43.40
KIRA · Stoqly’s AI analyst, in plain words
- Alexandria Real Estate Equities had $3.0B of revenue in fiscal 2025, down 2.9% on the year before. Over five years, revenue changed +9.9% a year on average.
- Alexandria Real Estate Equities lost $1.4B in fiscal 2025.
- Free cash flow was −$457M in fiscal 2025, −15.1% of revenue.
- Alexandria Real Estate Equities returned $1.1B to shareholders in fiscal 2025. The diluted share count fell 1.0%.
- Alexandria Real Estate Equities owes $11.9B more than it holds in cash.
Market cap
$7.4B
P/E
—
Revenue
$3.0B
Net income
−$1.4B
Free cash flow
−$457M
Operating margin
—
Alexandria Real Estate Equities in 30 seconds · fiscal 2025
Are sales growing?
−2.9%
No. Sales fell 2.9% last year.
Does it make a profit?
−47.2%
No. It lost money last year.
Does profit turn into cash?
−15.1%
No. It spent more cash than it brought in.
What Alexandria Real Estate Equities does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Jan 26, 2026
- Legal name
- ALEXANDRIA REAL ESTATE EQUITIES, INC.
- CIK
- 0001035443
Alexandria Real Estate Equities · ARE
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.1B | $2.6B | $2.9B | $3.1B | $3.0B |
| Revenue growth | 12.1% | 22.5% | 11.5% | 8.0% | −2.9% |
| Net income | $571M | $522M | $104M | $323M | −$1.4B |
| Net margin | 27.0% | 20.2% | 3.6% | 10.4% | −47.2% |
| Diluted EPS | $3.82 | $3.18 | $0.54 | $1.80 | −$8.44 |
| Cash | |||||
| Cash from operations | $1.0B | $1.3B | $1.6B | $1.5B | $1.4B |
| Capital expenditure | $2.1B | $3.3B | $3.4B | $2.4B | $1.9B |
| Free cash flow | −$1.1B | −$2.0B | −$1.8B | −$918M | −$457M |
| FCF margin | −51.1% | −77.8% | −62.0% | −29.5% | −15.1% |
| Dividends paid | $656M | $758M | $848M | $899M | $911M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $50.1M | $208M |
| Share count change | 16.6% | 9.6% | 5.7% | 0.7% | −1.0% |
| Debt and strength | |||||
| Cash and short-term investments | $361M | $825M | $618M | $552M | $549M |
| Debt incl. finance leases | $8.8B | $10.2B | $11.3B | $12.2B | $12.4B |
| Shareholders' equity | $16.2B | $19.0B | $18.5B | $17.9B | $15.5B |
| Returns and quality | |||||
| Return on equity | 4.1% | 3.0% | 0.6% | 1.8% | −8.6% |
Insiders bought, 12 months
$3.2M
3 insiders
Insiders sold, 12 months
$1.9M
6 insiders
Of sales under plans
7%
$0.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Alexandria Real Estate Equities · ARE
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Alexandria Real Estate Equit... ARE | $7.4B | −2.9% | — | −15.1% | — | — | — |
| BXP BXP | $9.9B | 2.2% | — | — | — | 33.5x | — |
| Vornado Realty Trust VNO | $6.8B | 1.3% | — | 53.1% | 17.4% | — | — |
| Kilroy Realty KRC | $4.3B | −2.0% | — | 40.5% | — | 20.1x | — |
| Cousins Properties CUZ | $4.8B | 16.0% | 67.8% | 13.6% | 6.7% | — | — |
KIRA
At $43.40 a share, the company is worth $7.4B.
Alexandria Real Estate Equities grew sales faster than 0 of its 4 similar companies.
Source: SEC EDGAR XBRL filings (CIK 0001035443). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.