FirmAtlas
Company handbook · ARE · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
ARE · CIK 1035443 · LATEST FILING: 10-Q JUN '26 · FILED AUG 3, 2026
ALEXANDRIA REAL ESTATE EQUITIES, INC.
$41.62
−0.72 (−1.70%)
Close, Oct 16, 2026 · 52-week $39–79
Last fiscal year
ALEXANDRIA REAL ESTATE EQUITIES, INC. reported revenue of $3.0B for the year ended Dec 31, 2025 (FY25), down 2.9% from FY24. Net loss was $1.4B and operating cash flow $1.4B. Source: 10-K filed Jan 26, 2026.
Market cap
$7.1B
P/B
0.5
Div yield
6.92%
Revenue 1Y
−2.9%/yr
EPS 1Y
n/m
Shares 1Y
−1.0%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJoel S. Marcus
HQPasadena, CA
AuditorErnst & Young LLP
Year endsDecember
Revenue by segment · FY25
Reportable Segment Aggregation Before Other Operating94%
All Other Segments6%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
−8.7%
−27.1%
−25.6%
−44.7%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.1B deployed
Dividends
$1.8B
87.5%
Buybacks
$258M
12.5%
Operating cash flow over the period: $2.9B. Total debt changed by +$156M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
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Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
37,527
34,082−9.2%
34,632
Cash & short-term investments
560
554−1.1%
—
Net PP&E
40
70+77.7%
—
Other assets
36,928
33,458−9.4%
—
Total liabilities
19,638
18,612−5.2%
19,078
Total debt
12,244
12,401+1.3%
12,813
Other liabilities
7,394
6,211−16.0%
—
Shareholders’ equity
17,889
15,470−13.5%
15,554
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,505
1,414−6.0%
1,279
Net income
511
(1,217)−338.2%
—
Depreciation & amortization
1,202
1,350+12.3%
—
Stock-based compensation
60
41−31.0%
—
Working capital & other
(268)
1,239n/m
—
Cash from investing
(1,511)
362n/m
—
Investments bought
(236)
(239)n/m
—
Investments sold / matured
174
169−2.8%
—
Other investing
(1,448)
432n/m
—
Cash from financing
(93)
(1,784)n/m
—
Debt raised
999
549−45.1%
—
Debt repaid
0
(600)n/m
—
Dividends
(899)
(911)n/m
—
Buybacks
(50)
(208)n/m
—
Shares issued
27
0−100.0%
—
Other financing
(171)
(613)n/m
—
Net change in cash
(101)
(6)n/m
—
Where the cash went
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
752
754
671
663
vs year-ago quarter
Net income
(233)
(1,081)
362
(73)
vs year-ago quarter
Net margin
−31.0%
−143.3%
53.9%
−11.0%
EPS (diluted, $)
−1.38
−6.34
2.10
−0.43
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
37,375
34,082
34,167
34,632
Cash & equivalents
584
554
423
475
Total debt
13,594
12,401
12,520
12,813
Shareholders’ equity
16,639
15,470
15,734
15,554
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
433
312
197
337