Alexandria Real Estate Equities (ARE) financial statements
Alexandria Real Estate Equities reported revenue of $3.0B in fiscal 2025, up 14.1% a year over 9 years.
Net income was -$1.4B and the operating margin -59.2%, against -5.8% in 2016.
The diluted share count rose 124% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Alexandria Real Estate Equities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $922M | $1.1B | $1.3B | $1.5B | $1.9B | $2.1B | $2.6B | $2.9B | $3.1B | $3.0B |
| Selling, general and admin | $64M | $75M | $90M | $109M | $133M | $151M | $177M | $199M | $168M | $117M |
| Operating income | -$53M | $178M | $213M | $199M | $244M | $256M | $464M | $198M | $427M | -$1.8B |
| Interest expense | $107M | $129M | $157M | $174M | $172M | $142M | $94M | $74M | $186M | $227M |
| Net income | -$66M | $169M | $379M | $363M | $771M | $571M | $522M | $104M | $323M | -$1.4B |
| EPS (diluted) | -$1.99 | $1.58 | $3.52 | $3.12 | $6.01 | $3.82 | $3.18 | $0.54 | $1.80 | -$8.44 |
| Diluted shares | 76M | 92M | 103M | 113M | 126M | 147M | 162M | 171M | 172M | 170M |
| Operating margin | -5.8% | 15.8% | 16.1% | 13.0% | 12.9% | 12.1% | 17.9% | 6.9% | 13.7% | -59.2% |
| Net margin | -7.1% | 15.0% | 28.6% | 23.7% | 40.9% | 27.0% | 20.1% | 3.6% | 10.4% | -47.2% |
Balance sheet
Fiscal years, from Alexandria Real Estate Equities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $125M | $254M | $234M | $190M | $569M | $361M | $825M | $618M | $552M | $549M |
| Property, plant and equipment | $13M | $11M | $15M | $23M | $31M | $26M | $23M | $27M | $40M | $70M |
| Total assets | $10.4B | $12.1B | $14.5B | $18.4B | $22.8B | $30.2B | $35.5B | $36.8B | $37.5B | $34.1B |
| Total liabilities | $5.0B | $5.6B | $6.6B | $8.2B | $9.4B | $11.2B | $12.8B | $14.1B | $15.1B | $14.9B |
| Shareholders' equity | $4.9B | $5.9B | $7.3B | $8.9B | $11.7B | $16.2B | $19.0B | $18.5B | $17.9B | $15.5B |
| Net debt | -$125M | -$254M | -$234M | -$190M | -$569M | -$361M | -$825M | -$618M | -$552M | -$549M |
Cash flow
Fiscal years, from Alexandria Real Estate Equities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $393M | $451M | $570M | $684M | $883M | $1.0B | $1.3B | $1.6B | $1.5B | $1.4B |
| Stock-based compensation | $25M | $26M | $35M | $44M | $44M | $49M | $58M | $83M | $60M | $41M |
| Dividends paid | $240M | $312M | $381M | $447M | $533M | $656M | $758M | $847M | $899M | $911M |
| Share buybacks (net) | — | — | — | — | — | — | $0 | $0 | -$50M | -$208M |
| Dividends per share | $3.16 | $3.39 | $3.68 | $3.97 | $4.21 | $4.45 | $4.69 | $4.96 | $5.22 | $5.35 |
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Open ARE in InvestinglyQuestions
What was Alexandria Real Estate Equities's revenue in 2025?
$3.0B in fiscal 2025, from its 10-K filing.
From Alexandria Real Estate Equities's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.