Alexandria Real Estate Equities, Inc. (ARE)
NYSE: ARE · Real-Time Price · USD
44.61
-0.47 (-1.04%)
Nov 12, 2026, 12:06 PM EST - Market open
ARE Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | -1,430 | -1,430 | 322.95 | 103.64 | 521.66 | 571.25 |
Depreciation & Amortization | 1,208 | 1,313 | 1,117 | 1,000 | 927.8 | 766.28 |
Other Amortization | 19.1 | 19.63 | 18.44 | 16.69 | 13.93 | 9.4 |
Gain (Loss) on Sale of Assets | -619.91 | -642.45 | -129.31 | -277.04 | -537.92 | -126.57 |
Gain (Loss) on Sale of Investments | -148.75 | 56.34 | 53.12 | 195.4 | 331.76 | - |
Asset Writedown | 2,583 | 2,203 | 223.07 | 461.11 | 64.97 | 52.68 |
Stock-Based Compensation | 41.36 | 41.12 | 59.63 | 82.86 | 57.74 | 48.67 |
Income (Loss) on Equity Investments | 1.4 | 11.81 | -4.08 | 2.28 | 2.73 | 8.1 |
Change in Accounts Receivable | 0.21 | -0.25 | 1.77 | -0.1 | -0.27 | -0.04 |
Change in Accounts Payable | -103.12 | -117.82 | -56.82 | 110.67 | 77.85 | 60.93 |
Change in Other Net Operating Assets | -160.44 | -179.77 | -145.4 | -108.54 | -200.28 | -156.15 |
Other Operating Activities | -203.62 | 139.48 | 44.46 | 43.44 | 34.36 | -224.33 |
Operating Cash Flow | 1,188 | 1,414 | 1,505 | 1,631 | 1,294 | 1,010 |
Operating Cash Flow Growth | -13.67% | -6.01% | -7.73% | 25.98% | 28.13% | 14.47% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Acquisition of Real Estate Assets | -1,660 | -1,871 | -2,671 | -3,684 | -6,185 | -7,525 |
Sale of Real Estate Assets | 2,330 | 2,321 | 1,220 | 1,196 | 994.33 | 190.58 |
Net Sale / Acq. of Real Estate Assets | 669.65 | 449.95 | -1,451 | -2,488 | -5,191 | -7,334 |
Investment in Marketable & Equity Securities | -35.96 | -80.49 | -63.44 | -6.73 | -45.58 | 388.3 |
Other Investing Activities | - | -7.36 | 3.86 | -5.58 | 155.97 | -161.7 |
Investing Cash Flow | 633.7 | 362.1 | -1,511 | -2,501 | -5,080 | -7,107 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | 26,126 | 13,011 | 10,479 | 15,823 | 34,472 |
Long-Term Debt Issued | - | 552.56 | 1,029 | 1,056 | 1,843 | 1,754 |
Total Debt Issued | 50,990 | 26,679 | 14,039 | 11,535 | 17,666 | 36,226 |
Short-Term Debt Repaid | - | -25,773 | -13,111 | -10,379 | -16,093 | -34,302 |
Long-Term Debt Repaid | - | -754.21 | -0.03 | -0.03 | -199.24 | -667.98 |
Total Debt Repaid | -51,311 | -26,527 | -13,111 | -10,379 | -16,292 | -34,970 |
Net Debt Issued (Repaid) | -321.05 | 151.85 | 928.69 | 1,156 | 1,374 | 1,256 |
Issuance of Common Stock | - | - | 27.1 | 103.85 | 2,346 | 3,529 |
Repurchase of Common Stock | -17.8 | -232.6 | -112.52 | -24.59 | -47.29 | -34.34 |
Common Dividends Paid | -598.46 | -911.45 | -898.56 | -847.48 | -757.74 | -655.97 |
Total Dividends Paid | -598.46 | -911.45 | -898.56 | -847.48 | -757.74 | -655.97 |
Other Financing Activities | -956.27 | -791.6 | -38.03 | 286.25 | 1,315 | 1,822 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | 1.68 | 1.56 | -1.44 | -1.29 | -0.89 | -1.71 |
Net Cash Flow | -70.42 | -6.09 | -100.92 | -197.2 | 442.75 | -182.48 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Levered Free Cash Flow | 1,290 | 1,345 | 1,420 | 1,537 | 1,328 | 1,025 |
Unlevered Free Cash Flow | 1,442 | 1,467 | 1,518 | 1,567 | 1,373 | 1,104 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 266.41 | 204.03 | 160.08 | 46.58 | 63.19 | 139.47 |
Change in Working Capital | -263.35 | -297.85 | -200.46 | 2.03 | -122.71 | -95.27 |