Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc.

46.00
USD
+3.72
(+8.80%)
-7.23EPS
8.11BMarket Cap
Feb 01Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
9.13
10.12
11.46
11.79
12.26
12.76
13.52
14.89
14.35
15.94
16.63
17.72
17.29
15.7
Basic EPS, GAAP
1.62
1.07
1.67
-1.13
1.76
3.63
3.21
6.11
3.89
3.23
0.61
1.88
-8.39
-8.38
Free Cash Flow per Basic Share
4.6
4.7
4.79
5.17
4.93
5.54
6.09
7
6.88
8.01
9.54
8.74
8.3
6.96
Dividend per Share
2.87
3.21
3.4
3.45
3.51
3.75
4.02
4.23
4.46
4.69
4.96
5.22
5.35
3.51
Book Value per Share
49.69
48.43
49.73
53.37
58.88
65.56
73.39
85.78
102.44
111.11
107.45
103.88
90.71
86.67
Tangible Book Value per Share
49.69
48.43
49.73
53.37
58.88
65.56
73.39
85.78
102.44
111.11
107.45
103.88
90.71
86.67
Basic Weighted Avg Shares
68
71
72
76
92
103
112
126
147
162
171
172
170
171
Sales/Revenue/Turnover
621
720
820
897
1,122
1,315
1,517
1,878
2,108
2,576
2,842
3,050
2,945
2,679
Operating Margin (%)
31.29
31.04
28.97
26.94
27.17
27.81
27.55
27.5
24.29
23.81
24.29
25.24
18.85
15.3
Depreciation Expense
191
224
261
313
417
478
545
641
766
928
1,000
1,117
1,313
1,208
Net Income, GAAP
136
102
144
-66
169
379
363
771
571
522
104
323
-1,430
-1,430
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
21.94
14.1
17.6
-7.34
15.07
28.85
23.94
41.05
27.1
20.25
3.65
10.59
-48.54
-53.37
Working Capital
-527
-595
-462
-500
-393
-712
-925
-418
-1,026
-699
-1,219
-1,174
-1,243
-2,237
LT Debt
2,857
3,375
3,785
4,136
4,715
5,270
6,665
7,809
8,957
10,566
11,599
12,752
12,408
12,160
Total Equity
3,979
3,910
4,294
5,382
6,483
7,895
10,166
13,444
19,033
22,683
22,623
22,398
19,156
18,418
Return on Invested Capital (%)
2.8
2.34
2.71
- -
2.9
2.91
2.34
2.11
1.58
1.77
0.68
1.57
- -
- -
Return on Capital (%)
2.92
2.4
3.14
- -
2.62
4.17
3.24
4.6
2.54
1.52
- -
0.92
- -
- -
Return on Common Equity (%)
3.34
2.17
3.37
-2.08
3.06
5.69
4.46
7.49
4.09
2.97
0.55
1.78
-8.57
-9.09

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
1,354
1,995
1,091
LT Borrowings
11,166
10,818
11,806
LT Finance Leases
359
355
354
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
171
171
171
Market Capitalization
7,924
9,023
8,108

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
843
868
930
Cash, Cash Equivalents & STI
419
470
509
Accounts Receivable, Net
7
8
6
Inventories
- -
- -
- -
Total Current Liabilities
2,955
3,971
3,167
Payables & Accruals
740
795
901
ST Debt
1,354
1,995
1,091
Deferred Revenue
861
1,181
1,174

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.36%
9.01%
-14.47%
Free Cash Flow
15.97%
10.97%
-6.01%
Net Income, GAAP
-71.57%
-89.15%
-542.66%
Sales/Revenue/Turnover
13.95%
9.73%
-3.43%
Total Cash Common Dividend
15.65%
11.58%
1.43%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
756
755
776
763
3,050
2025
743
737
736
729
2,945
2026
653
643
654
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.99
0.27
0.98
-0.36
1.88
2025
-0.05
-0.63
-1.37
-6.34
-8.39
2026
2.12
-0.43
-3.73
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.29
1.29
1.32
1.32
5.22
2025
1.35
1.34
1.34
1.33
5.35
2026
0.73
0.73
0.73
- -
- -

Company Description

CEO
Peter M. Moglia
Full Time Employees
514
Sector
Finance
Industry
Real estate investment trusts
Address
26 North Euclid Avenue Pasadena CA United States 91101-6104
IPO Date
May 29, 1997
Website
are.com
Business
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500 company founded in 1994 and headquartered in Pasadena, California, is a leading urban life science real estate investment trust that owns, operates, develops, and redevelops Class A/A+ collaborative Megacampus ecosystems for lease to life science, agtech, technology, and digital health tenants. The company focuses on AAA innovation cluster locations across North America, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City, serving multinational pharmaceutical firms, biotechnology companies, medical research institutions, government agencies, non-profits, and venture capital entities through its 39.7 million rentable square feet of operating properties and 4.4 million square feet under construction as of June 30, 2025. Alexandria also deploys strategic venture capital via its Alexandria Venture Investments platform, which has backed disruptive life science innovators since 1996 to foster industry insights and tenant relationships. In recent developments, Alexandria has advanced its 2025 capital recycling strategy by executing over $1.1 billion in asset sales through the third quarter, including full dispositions of non-core assets like Pacific Technology Park, land parcels representing 20-30% of total sales, and partial interest transactions to fund higher-yield development projects; the company anticipates further $1.1 billion in sales over the next two quarters while shifting toward build-to-suit Megacampus initiatives amid moderated biotech demand. Progress on key projects includes leasing momentum at developments such as 311 Arsenal, 1450 Owens, 269 East Grand, 701 Dexter, and 99 Coolidge with average lease terms of 12.3 years, alongside strategic partnerships like its collaboration with Eli Lilly anchoring One Alexandria Square in Torrey Pines. Additionally, Alexandria Venture Investments received the 2025 Charles A. Sanders, MD, Partnership Award for its ecosystem contributions.

Company News

  • REIT Earnings Halftime: A Reprieve After The Rout

  • AI Cracks Fuel REIT Comeback

  • Head-To-Head Comparison: Alexandria Real Estate Equities (ARE) vs. Its Peers

  • Alexandria Real Estate: An 8% Cap Rate For Labs Leased To Lilly And Bristol Myers

  • Alexandria REIT: Q3 Review And A Look At 7.6% Yielding Bonds

  • Alexandria Real Estate: Market Sees Declining Occupancy, I See Early Recovery Signs (Rating Downgrade)

  • KKR Invests $475 Million in Alexandria Real Estate Equities' Campus Point

  • Alexandria Real Estate Equities, Inc. (ARE) Q3 2026 Earnings Call Transcript

  • Alexandria Real Estate Equities Q3 Earnings Call Highlights

  • Alexandria's Q3 FFO & Revenues Beat Estimates on Strong Leasing

  • 6 Dividend Stocks With Sky-High Yields and Serious Warning Signs

  • Compared to Estimates, Alexandria Real Estate Equities (ARE) Q3 Earnings: A Look at Key Metrics

  • Alexandria Real Estate Equities (ARE) Q3 FFO and Revenues Surpass Estimates

  • Alexandria Real Estate Equities, Inc. Reports 3Q26 and YTD 3Q26 Net Loss per Share - Diluted of $3.74 and $2.06, respectively, and 3Q26 and YTD 3Q26 FFO per Share - Diluted, as Adjusted, of $1.54 and $5.00, respectively

  • What Makes Alexandria Real Estate Equities (ARE) a New Buy Stock

  • Baron Real Estate Income Fund Q3 2026 Portfolio Activity

  • Robeco Institutional Asset Management B.V. Sells 46,662 Shares of Alexandria Real Estate Equities, Inc. $ARE

  • REITs Rebound As Earnings Deliver

  • Alexandria's Q3 Earnings Preview: Is ARE Stock a Portfolio Must-Have?

  • Gear Up for Alexandria Real Estate Equities (ARE) Q3 Earnings: Wall Street Estimates for Key Metrics