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 Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Rental Revenue | 2,679 | 2,945 | 3,050 | 2,842 | 2,576 | 2,108 |
Other Revenue | 80.73 | 71.75 | 73.75 | 44.22 | 13.57 | 18.16 |
| 2,759 | 3,017 | 3,123 | 2,887 | 2,590 | 2,126 | |
Revenue Growth (YoY | -9.78% | -3.41% | 8.20% | 11.47% | 21.78% | 12.28% |
Property Expenses | 891.95 | 922.61 | 909.27 | 859.18 | 783.15 | 623.56 |
Selling, General & Administrative | 140.48 | 117.05 | 168.36 | 199.35 | 177.28 | 151.46 |
Depreciation & Amortization | 1,236 | 1,350 | 1,202 | 1,093 | 1,002 | 821.06 |
Total Operating Expenses | 2,269 | 2,390 | 2,280 | 2,152 | 1,963 | 1,596 |
Operating Income | 490.7 | 626.8 | 843.45 | 734.67 | 627.03 | 530.33 |
Interest Expense | -274.29 | -226.7 | -185.84 | -74.2 | -94.2 | -142.17 |
Interest & Investment Income | 152.64 | - | - | - | - | 259.48 |
EBT Excluding Unusual Items | 369.05 | 400.1 | 657.61 | 660.47 | 532.83 | 647.64 |
Gain (Loss) on Sale of Investments | -3.89 | -56.34 | -53.12 | -195.4 | -331.76 | - |
Gain (Loss) on Sale of Assets | 619.91 | 642.45 | 129.31 | 277.04 | 537.92 | 126.57 |
Asset Writedown | -2,583 | -2,203 | -223.07 | -461.11 | -64.97 | -52.68 |
Other Unusual Items | 363.11 | -0.11 | - | - | -3.32 | -67.25 |
Pretax Income | -1,235 | -1,217 | 510.73 | 280.99 | 670.7 | 654.28 |
Earnings From Continuing Operations | -1,235 | -1,217 | 510.73 | 280.99 | 670.7 | 654.28 |
Net Income to Company | -1,235 | -1,217 | 510.73 | 280.99 | 670.7 | 654.28 |
Minority Interest in Earnings | -194.81 | -212.84 | -187.78 | -177.36 | -149.04 | -83.04 |
Net Income | -1,430 | -1,430 | 322.95 | 103.64 | 521.66 | 571.25 |
Preferred Dividends & Other Adjustments | 3.57 | 8.42 | 13.39 | 11.2 | 8.39 | 7.85 |
Net Income to Common | -1,433 | -1,438 | 309.56 | 92.44 | 513.27 | 563.4 |
Net Income Growth | - | - | 234.86% | -81.99% | -8.90% | -25.95% |
Basic Shares Outstanding | 171 | 170 | 172 | 171 | 162 | 147 |
Diluted Shares Outstanding | 171 | 170 | 172 | 171 | 162 | 147 |
Shares Change | -0.09% | -1.03% | 0.68% | 5.72% | 9.63% | 16.58% |
EPS (Basic) | -8.40 | -8.44 | 1.80 | 0.54 | 3.18 | 3.83 |
EPS (Diluted) | -8.40 | -8.44 | 1.80 | 0.54 | 3.18 | 3.82 |
EPS Growth | - | - | 233.15% | -82.99% | -16.89% | -36.44% |
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 |
Dividend Per Share | 2.880 | 4.680 | 5.190 | 4.960 | 4.720 | 4.480 |
Dividend Growth | -45.45% | -9.83% | 4.64% | 5.08% | 5.36% | 5.66% |
Operating Margin | 17.78% | 20.78% | 27.00% | 25.45% | 24.21% | 24.94% |
Profit Margin | -51.94% | -47.66% | 9.91% | 3.20% | 19.82% | 26.50% |
EBITDA | 1,699 | 1,940 | 1,960 | 1,735 | 1,555 | 1,297 |
EBITDA Margin | 61.57% | 64.29% | 62.76% | 60.10% | 60.04% | 60.98% |
D&A For Ebitda | 1,208 | 1,313 | 1,117 | 1,000 | 927.8 | 766.28 |
EBIT | 490.7 | 626.8 | 843.45 | 734.67 | 627.03 | 530.33 |
EBIT Margin | 17.78% | 20.78% | 27.00% | 25.45% | 24.21% | 24.94% |
Funds From Operations (FFO) | 1,653 | 1,311 | 1,432 | 1,229 | 879.57 | 1,203 |
FFO Per Share | 9.67 | 7.69 | 8.32 | 7.19 | 5.44 | 8.16 |
Adjusted Funds From Operations (AFFO) | 1,225 | 1,535 | 1,629 | 1,532 | 1,362 | 1,145 |
AFFO Per Share | 7.16 | 9.01 | 9.47 | 8.97 | 8.42 | 7.76 |
FFO Payout Ratio | 36.20% | 69.54% | 62.76% | 68.93% | 86.15% | 54.51% |
Revenue as Reported | 2,759 | 3,027 | 3,116 | 2,886 | 2,589 | 2,114 |