Alexandria Real Estate Equities Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Alexandria Real Estate Equities Inc reported revenue of $3.0B (-2.9% year on year) and net income of ($8.4M) (+37.2% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $3.0B | $3.1B | $2.9B | $2.6B |
| Rental operations | $922.6M | $909.3M | $859.2M | $783.2M |
| General and administrative | $117.0M | $168.4M | $199.4M | $177.3M |
| Interest | $226.7M | $185.8M | $74.2M | $94.2M |
| Depreciation and amortization | $1.4B | $1.2B | $1.1B | $1.0B |
| Impairment of real estate | $2.2B | $223.1M | $461.1M | $65.0M |
| Loss on early extinguishment of debt | $107.0K | $0 | $0 | $3.3M |
| Total expenses | $4.8B | $2.7B | $2.7B | $2.1B |
| Equity in (losses) earnings of unconsolidated real estate joint ventures | ($9.6M) | $7.1M | $980.0K | $645.0K |
| Investment loss | ($56.3M) | ($53.1M) | ($195.4M) | ($331.8M) |
| Gain on sales of real estate | $642.4M | $129.3M | $277.0M | $537.9M |
| Net (loss) income | ($1.2B) | $510.7M | $281.0M | $670.7M |
| Net income attributable to noncontrolling interests | ($212.8M) | ($187.8M) | ($177.4M) | ($149.0M) |
| Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s stockholders | ($1.4B) | $322.9M | $103.6M | $521.7M |
| Net income attributable to unvested RSAs with nonforfeitable dividends | ($8.4M) | ($13.4M) | ($11.2M) | ($8.4M) |
| Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders | ($1.4B) | $309.6M | $92.4M | — |
| Earnings per share - basic (USD per share) | -$8.44 | $1.80 | $0.54 | $3.18 |
| Earnings per share - diluted (USD per share) | -$8.44 | $1.80 | $0.54 | $3.18 |
| Line item | Sep 30, 2026 · Q3 | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 |
|---|---|---|---|---|
| Total revenues | $671.2M | $662.8M | $671.0M | $751.9M |
| Rental operations | $227.9M | $207.3M | $224.1M | $239.2M |
| General and administrative | $40.9M | $36.9M | $34.7M | $29.2M |
| Interest | $79.7M | $64.3M | $64.6M | $54.9M |
| Depreciation and amortization | $304.4M | $304.4M | $305.4M | $340.2M |
| Impairment of real estate | $637.9M | $222.5M | $5.5M | $323.9M |
| Total expenses | $1.3B | $835.4M | $634.4M | $987.5M |
| Equity in earnings (losses) of unconsolidated real estate joint ventures | $75.0K | $413.0K | ($147.0K) | $201.0K |
| Investment income (losses) | $24.0M | $133.2M | ($4.6M) | $28.2M |
| (Loss) gain on early extinguishment of debt | ($3.3M) | $0 | $366.4M | $107.0K |
| Gain on sales of real estate | $0 | $0 | $0 | $9.4M |
| Net loss | ($598.9M) | ($39.0M) | $398.4M | ($197.8M) |
| Net income attributable to noncontrolling interests | ($38.8M) | ($33.8M) | ($36.7M) | ($34.9M) |
| Net loss attributable to Alexandria Real Estate Equities, Inc.’s stockholders | ($637.7M) | ($72.8M) | $361.7M | ($232.8M) |
| Net income attributable to unvested restricted stock awards | ($766.0K) | ($908.0K) | ($2.8M) | ($2.2M) |
| Net loss attributable to Alexandria Real Estate Equities, Inc.’s common stockholders | ($638.5M) | ($73.7M) | $358.9M | ($234.9M) |
| Earnings (loss) per share – basic (USD per share) | -$3.74 | -$0.43 | $2.10 | -$1.38 |
| Earnings (loss) per share - diluted (USD per share) | -$3.74 | -$0.43 | $2.10 | -$1.38 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Investments in real estate | $28.7B | $32.1B | $31.6B | $29.9B |
| Investments in unconsolidated real estate joint ventures | $30.7M | $39.9M | $37.8M | $38.4M |
| Cash and cash equivalents | $549.1M | $552.1M | $618.2M | $825.2M |
| Restricted cash | $4.7M | $7.7M | $42.6M | $32.8M |
| Tenant receivables | $6.7M | $6.4M | $8.2M | $7.6M |
| Deferred rent | $1.2B | $1.2B | $1.1B | $942.6M |
| Deferred leasing costs | $458.3M | $486.0M | $509.4M | $516.3M |
| Investments | $1.5B | $1.5B | $1.4B | $1.6B |
| Other assets | $1.7B | $1.7B | $1.4B | $1.6B |
| Total assets | $34.1B | $37.5B | $36.8B | $35.5B |
| Secured notes payable | $0 | $149.9M | $119.7M | $59.0M |
| Unsecured senior notes payable | $12.0B | $12.1B | $11.1B | $10.1B |
| Unsecured senior line of credit and commercial paper | $353.2M | $0 | $100.0M | $0 |
| Accounts payable, accrued expenses, and other liabilities | $2.4B | $2.7B | $2.6B | $2.5B |
| Dividends payable | $127.8M | $230.3M | $221.8M | $209.1M |
| Total liabilities | $14.9B | $15.1B | $14.1B | $12.8B |
| Redeemable noncontrolling interests | $58.8M | $20.0M | $16.5M | $9.6M |
| Common stock, $0.01 par value per share, $400,000,000 shares authorized as of December 31, 2025 and 2024; 170,537,867 and 172,203,443 shares issued and outstanding as of December 31, 2025 and 2024, respectively | $1705000.00 | $1722000.00 | $1719000.00 | $1707000.00 |
| Additional paid-in capital | $15.5B | $17.9B | $18.5B | $19.0B |
| Accumulated other comprehensive loss | ($29.4M) | ($46.3M) | ($15.9M) | ($20.8M) |
| Alexandria Real Estate Equities, Inc.’s stockholders’ equity | $15.5B | $17.9B | $18.5B | $19.0B |
| Noncontrolling interests | $3.6B | $4.5B | $4.1B | $3.7B |
| Total equity | $19.1B | $22.4B | $22.6B | $22.7B |
| Total liabilities, noncontrolling interests, and equity | $34.1B | $37.5B | $36.8B | $35.5B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 |
|---|---|---|---|---|
| Investments in real estate | $28.4B | $29.1B | $28.8B | $31.7B |
| Investments in unconsolidated real estate joint ventures | $28.6M | $28.9M | $30.5M | $39.6M |
| Cash and cash equivalents | $508.9M | $470.4M | $418.7M | $579.5M |
| Restricted cash | $4.9M | $4.7M | $4.7M | $4.7M |
| Tenant receivables | $6.2M | $7.7M | $7.4M | $6.4M |
| Deferred rent | $1.2B | $1.2B | $1.2B | $1.3B |
| Deferred leasing costs | $452.2M | $453.8M | $456.4M | $505.2M |
| Investments | $1.7B | $1.7B | $1.5B | $1.5B |
| Other assets | $1.7B | $1.6B | $1.7B | $1.7B |
| Total assets | $34.1B | $34.6B | $34.2B | $37.4B |
| Unsecured senior notes payable | $10.8B | $10.8B | $11.2B | $12.0B |
| Junior subordinated notes payable | $985.1M | — | — | — |
| Unsecured senior line of credit and commercial paper | $1.1B | $2.0B | $1.4B | $1.5B |
| Accounts payable, accrued expenses, and other liabilities | $2.6B | $2.5B | $2.2B | $2.4B |
| Dividends payable | $132.0M | $130.5M | $128.9M | $230.6M |
| Total liabilities | $15.6B | $15.5B | $14.8B | $16.3B |
| Redeemable noncontrolling interests | $9.1M | $9.1M | $9.2M | $58.7M |
| Common stock | $1.7M | $1.7M | $1.7M | $1.7M |
| Additional paid-in capital | $14.8B | $15.6B | $15.8B | $16.7B |
| Accumulated other comprehensive loss | ($33.7M) | ($33.0M) | ($30.9M) | ($32.2M) |
| Alexandria Real Estate Equities, Inc.’s stockholders’ equity | $14.8B | $15.6B | $15.7B | $16.6B |
| Noncontrolling interests | $3.6B | $3.6B | $3.6B | $4.4B |
| Total equity | $18.4B | $19.2B | $19.4B | $21.1B |
| Total liabilities, noncontrolling interests, and equity | $34.1B | $34.6B | $34.2B | $37.4B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net (loss) income | ($1.2B) | $510.7M | $281.0M | $670.7M |
| Depreciation and amortization | $1.4B | $1.2B | $1.1B | $1.0B |
| Impairment of real estate | $2.2B | $223.1M | $461.1M | $65.0M |
| Gain on sales of real estate | ($642.4M) | ($129.3M) | ($277.0M) | ($537.9M) |
| Loss on early extinguishment of debt | $107.0K | $0 | $0 | $3.3M |
| Equity in losses (earnings) of unconsolidated real estate joint ventures | $9.6M | ($7.1M) | ($980.0K) | ($645.0K) |
| Distributions of earnings from unconsolidated real estate joint ventures | $2.2M | $3.0M | $3.3M | $3.4M |
| Amortization of loan fees | $18.3M | $17.1M | $15.5M | $13.5M |
| Amortization of debt discounts | $1.3M | $1.3M | $1.2M | $384.0K |
| Amortization of acquired above- and below-market leases | ($37.8M) | ($85.7M) | ($93.3M) | ($74.3M) |
| Deferred rent | ($73.5M) | ($143.3M) | ($133.9M) | ($118.0M) |
| Stock compensation expense | $41.1M | $59.6M | $82.9M | $57.7M |
| Investment loss | $56.3M | $53.1M | $195.4M | $331.8M |
| Tenant receivables | ($252.0K) | $1.8M | ($102.0K) | ($273.0K) |
| Deferred leasing costs | ($123.2M) | ($108.3M) | ($109.3M) | ($181.3M) |
| Other assets | ($56.6M) | ($37.1M) | $798.0K | ($19.0M) |
| Accounts payable, accrued expenses, and other liabilities | ($117.8M) | ($56.8M) | $110.7M | $77.8M |
| Net cash provided by operating activities | $1.4B | $1.5B | $1.6B | $1.3B |
| Proceeds from sales of real estate | $2.3B | $1.2B | $1.2B | $994.3M |
| Additions to real estate | ($1.9B) | ($2.4B) | ($3.4B) | ($3.3B) |
| Purchases of real estate | $0 | ($248.7M) | ($265.8M) | ($2.9B) |
| Change in escrow deposits | ($7.4M) | $3.9M | ($5.6M) | $156.0M |
| Investments in unconsolidated real estate joint ventures | ($11.3M) | ($3.9M) | ($658.0K) | ($1.4M) |
| Return of capital from unconsolidated real estate joint ventures | $566.0K | $2.9M | $0 | $471.0K |
| Additions to non-real estate investments | ($238.8M) | ($236.4M) | ($189.5M) | ($242.9M) |
| Sales of and distributions from non-real estate investments | $169.0M | $173.9M | $183.4M | $198.3M |
| Net cash provided by (used in) investing activities | $362.1M | ($1.5B) | ($2.5B) | ($5.1B) |
| Borrowings under secured notes payable | $4.0M | $29.9M | $60.0M | $49.7M |
| Repayments of borrowings under secured notes payable | ($154.2M) | ($32.0K) | ($30.0K) | ($934.0K) |
| Proceeds from issuances of unsecured senior notes payable | $548.5M | $998.8M | $996.2M | $1.8B |
| Repayment of unsecured senior notes payable | ($600.0M) | — | — | — |
| Borrowings under unsecured senior line of credit | $700.0M | $0 | $1.2B | $1.2B |
| Repayments of borrowings under unsecured senior line of credit | ($700.0M) | $0 | ($1.2B) | ($1.2B) |
| Proceeds from issuances under commercial paper program | $25.4B | $13.0B | $9.2B | $14.6B |
| Repayments of borrowings under commercial paper program | ($25.1B) | ($13.1B) | ($9.1B) | ($14.9B) |
| Payments of loan fees | ($5.3M) | ($35.9M) | ($16.0M) | ($35.6M) |
| Taxes paid related to net settlement of equity awards | ($24.4M) | ($62.4M) | ($24.6M) | ($47.3M) |
| Proceeds from issuance of common stock | $0 | $27.1M | $103.8M | $2.3B |
| Repurchase of common stock | ($208.2M) | ($50.1M) | — | — |
| Dividends on common stock | ($911.5M) | ($898.6M) | ($847.5M) | ($757.7M) |
| Contributions from and sales of noncontrolling interests | $165.5M | $306.5M | $547.4M | $1.5B |
| Distributions to and purchases of noncontrolling interests | ($951.8M) | ($308.6M) | ($245.1M) | ($192.2M) |
| Net cash (used in) provided by financing activities | ($1.8B) | ($93.3M) | $674.2M | $4.2B |
| Effect of foreign exchange rate changes on cash and cash equivalents | $1.6M | ($1.4M) | ($1.3M) | ($887.0K) |
| Net decrease in cash, cash equivalents, and restricted cash | ($6.1M) | ($100.9M) | ($197.2M) | $442.7M |
| Line item | Sep 30, 2026 · YTD | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD |
|---|---|---|---|---|
| Net loss | ($239.5M) | $359.4M | $398.4M | ($221.4M) |
| Depreciation and amortization | $914.2M | $609.8M | $305.4M | $1.0B |
| Impairment of real estate | $865.9M | $228.0M | $5.5M | $485.6M |
| Gain on sales of real estate | $0 | $0 | $0 | ($22.5M) |
| (Loss) gain on early extinguishment of debt | ($363.1M) | ($366.4M) | ($366.4M) | $107.0K |
| Equity in (earnings) losses of unconsolidated real estate joint ventures | ($341.0K) | ($266.0K) | $147.0K | $9.3M |
| Distributions of earnings from unconsolidated real estate joint ventures | $1.0M | $599.0K | $233.0K | $1.7M |
| Amortization of loan fees | $13.3M | $8.8M | $4.4M | $13.8M |
| Amortization of debt discounts | $1.0M | $672.0K | $320.0K | $1.0M |
| Amortization of acquired above- and below-market leases | ($22.2M) | ($14.0M) | ($5.6M) | ($31.9M) |
| Deferred rent | ($21.2M) | ($18.8M) | ($17.9M) | ($59.4M) |
| Stock compensation expense | $33.1M | $21.2M | $11.0M | $32.9M |
| Investment (income) losses | ($152.6M) | ($128.6M) | $4.6M | $52.5M |
| Tenant receivables | $473.0K | ($1.0M) | ($693.0K) | $12.0K |
| Deferred leasing costs | ($54.1M) | ($38.6M) | ($20.1M) | ($64.3M) |
| Other assets | ($28.5M) | $423.0K | ($35.3M) | ($37.6M) |
| Accounts payable, accrued expenses, and other liabilities | ($72.0M) | ($127.6M) | ($87.4M) | ($86.7M) |
| Net cash provided by operating activities | $875.4M | $533.6M | $196.6M | $1.1B |
| Proceeds from sales of real estate | $236.3M | $4.8M | $0 | $227.1M |
| Additions to investments in real estate | ($1.3B) | ($949.3M) | ($546.0M) | ($1.5B) |
| Sale of interests in unconsolidated real estate joint ventures | $1.9M | $1.9M | — | — |
| Investments in unconsolidated real estate joint ventures | ($557.0K) | ($557.0K) | ($297.0K) | ($11.2M) |
| Change in escrow deposits | $0 | $0 | $0 | ($7.4M) |
| Return of capital from unconsolidated real estate joint ventures | $113.0K | $113.0K | $113.0K | $458.0K |
| Additions to non-real estate investments | ($199.3M) | ($127.7M) | ($73.6M) | ($185.0M) |
| Sales of and distributions from non-real estate investments | $123.7M | $76.3M | $35.0M | $77.1M |
| Net cash used in investing activities | ($1.2B) | ($994.5M) | ($584.8M) | ($1.4B) |
| Borrowings under secured notes payable | $0 | $0 | $0 | $4.0M |
| Repayments of borrowings under secured notes payable | ($8.9M) | ($8.9M) | ($8.9M) | ($154.2M) |
| Proceeds from issuance of unsecured senior notes payable | $747.6M | $747.6M | $747.6M | $548.5M |
| Repayments of unsecured senior notes payable | ($1.6B) | ($1.6B) | ($1.3B) | ($600.0M) |
| Proceeds from issuance of junior subordinated notes payable | $1.0B | — | — | — |
| Proceeds from issuances under commercial paper program | $38.5B | $24.7B | $12.3B | $15.4B |
| Repayments of borrowings under commercial paper program | ($37.8B) | ($23.1B) | ($11.3B) | ($13.8B) |
| Payments of loan fees | ($57.9M) | ($8.8M) | ($8.8M) | ($5.3M) |
| Taxes paid related to net settlement of equity awards | ($10.6M) | ($6.4M) | ($5.9M) | ($17.2M) |
| Repurchase of common stock | $0 | $0 | $0 | ($208.2M) |
| Dividends on common stock | ($371.4M) | ($247.6M) | ($123.8M) | ($684.4M) |
| Contributions from and sales of noncontrolling interests | $36.6M | $27.6M | $18.1M | $132.2M |
| Distributions to noncontrolling interests | ($171.2M) | ($111.9M) | ($60.1M) | ($204.5M) |
| Purchases and redemptions of noncontrolling interests | ($49.8M) | ($49.8M) | ($49.7M) | — |
| Net cash provided by financing activities | $251.1M | $383.0M | $258.0M | $360.9M |
| Effect of foreign exchange rate changes on cash and cash equivalents | ($530.0K) | ($627.0K) | ($187.0K) | ($648.0K) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | ($40.0M) | ($78.6M) | ($130.4M) | $24.3M |
| Cash, cash equivalents, and restricted cash as of the beginning of period | $553.8M | $553.8M | $553.8M | $559.8M |
Alexandria Real Estate Equities Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.