ALEXANDRIA REAL ESTATE EQUITIES, INC. financials

ARE CIK 0001035443

Source: EDGAR filings · raw companyfacts JSON · Built 2026-04-25T09:55:07Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Debt 12.21B 12.20B 11.08B 9.74B 8.87B 14.31B
Net Margin -47.23% 10.36% 3.59% 20.15% 27.02% 40.89%
Return on Equity (ROE) -9.24% 1.81% 0.56% 2.75% 3.53% 6.57%
Return on Assets (ROA) -4.19% 0.86% 0.28% 1.47% 1.89% 3.38%
Debt-to-Equity 0.8249 0.7128 0.6333 0.5569 0.5699 1.2688
Cash Conversion Ratio -0.9891 4.6587 15.733 2.4812 1.7684 1.1447
Accruals Ratio -0.0834 -0.0315 -0.0415 -0.0218 -0.0145 -0.0049
SBC % of Revenue 1.36% 1.91% 2.87% 2.23% 2.30% 2.31%

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 54.1944 234.7593 45.8082 58.3665 29.6539
P/S 2.7576 5.3903 7.5521 9.6073 16.6674 12.9192
P/B 0.5395 0.939 1.1798 1.311 2.1766 2.0776

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Income (Loss) Attributable to Parent -1.43B 322.95M 103.64M 521.66M 571.25M 770.96M
Earnings Per Share, Basic $-8.44 $1.80 $0.54 $3.18 $3.83 $6.03
Weighted Average Number of Shares Outstanding, Basic 170.31M 172.07M 170.91M 161.66M 146.92M 126.11M
Earnings Per Share, Diluted $-8.44 $1.80 $0.54 $3.18 $3.82 $6.01
Weighted Average Number of Shares Outstanding, Diluted 170.31M 172.07M 170.91M 161.66M 147.46M 126.49M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 549.06M 552.15M 618.19M 825.19M 361.35M 568.53M
Assets 34.08B 37.53B 36.77B 35.52B 30.22B 22.83B
Long-term Debt 12.40B 12.24B 11.32B 10.16B 8.79B 7.56B
Liabilities 14.93B 15.13B 14.15B 12.84B 11.19B 9.38B
Stockholders' Equity Attributable to Parent 15.47B 17.89B 18.47B 18.97B 16.19B 11.73B
Common Stock, Shares, Outstanding 170.54M 172.20M 171.91M 170.75M 158.04M 136.69M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 1.41B 1.50B 1.63B 1.29B 1.01B 882.51M
Net Cash Provided by (Used in) Investing Activities 362.10M -1.51B -2.50B -5.08B -7.11B -3.28B
Payments for Repurchase of Common Stock 208.19M 50.11M 0 0
Payments of Dividends 898.60M 847.50M 757.70M 656.00M 533.00M
Net Cash Provided by (Used in) Financing Activities -1.78B -93.31M 674.16M 4.23B 5.92B 2.75B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

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Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

Income Statement

26 concepts 3 units
Unit US$ · 21 concepts
Label Value Period
Interest Costs Incurred 557.12M 2025-01-01 → 2025-12-31
Interest Costs Capitalized Adjustment 330.42M 2025-01-01 → 2025-12-31
Lease Income 2.89B 2025-01-01 → 2025-12-31
Interest Expense 226.70M 2025-01-01 → 2025-12-31
Revenue from Contract with Customer, Including Assessed Tax 3.03B 2025-01-01 → 2025-12-31
Operating Lease, Lease Income 2.89B 2025-01-01 → 2025-12-31
Amortization of Debt Issuance Costs 18.29M 2025-01-01 → 2025-12-31
Direct Costs of Leased and Rented Property or Equipment 922.61M 2025-01-01 → 2025-12-31
Equity Securities, FV-NI, Realized Gain (Loss) -83.32M 2025-01-01 → 2025-12-31
Costs and Expenses 4.82B 2025-01-01 → 2025-12-31
Depreciation, Depletion and Amortization, Nonproduction 1.35B 2025-01-01 → 2025-12-31
Impairment of Real Estate 2.20B 2025-01-01 → 2025-12-31
General and Administrative Expense 117.05M 2025-01-01 → 2025-12-31
Accounts Receivable, Credit Loss Expense (Reversal) 295.00K 2025-01-01 → 2025-12-31
Gain (Loss) on Investments -56.34M 2025-01-01 → 2025-12-31
Gain (Loss) on Extinguishment of Debt -107.00K 2025-01-01 → 2025-12-31
Income (Loss) from Equity Method Investments -9.63M 2025-01-01 → 2025-12-31
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest -1.22B 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Noncontrolling Interest 212.84M 2025-01-01 → 2025-12-31
Net Income (Loss) Attributable to Parent -1.43B 2025-01-01 → 2025-12-31
Net Income (Loss) Available to Common Stockholders, Basic -1.44B 2025-01-01 → 2025-12-31
Unit shares · 2 concepts
Label Value Period
Weighted Average Number of Shares Outstanding, Basic 170.31M 2025-01-01 → 2025-12-31
Weighted Average Number of Shares Outstanding, Diluted 170.31M 2025-01-01 → 2025-12-31
Unit US$ / share · 3 concepts
Label Value Period
Earnings Per Share, Basic $-8.44 2025-01-01 → 2025-12-31
Earnings Per Share, Diluted $-8.44 2025-01-01 → 2025-12-31
Common Stock, Dividends, Per Share, Declared $4.68 2025-01-01 → 2025-12-31

Balance Sheet

46 concepts 3 units
Unit US$ · 40 concepts
Label Value Period
Cash and Cash Equivalents, at Carrying Value 549.06M as of 2025-12-31
Restricted Cash and Cash Equivalents, Current 4.69M as of 2025-12-31
Net Investment in Lease 58.98M as of 2025-12-31
Real Estate Investment Property, Net 28.69B as of 2025-12-31
EquitySecuritiesFvNiCurrentAndNoncurrent 1.50B as of 2025-12-31
Deferred Costs, Leasing, Gross 1.05B as of 2025-12-31
Deferred Costs, Leasing, Accumulated Amortization 596.45M as of 2025-12-31
Deferred Costs, Leasing, Net 458.31M as of 2025-12-31
Accounts Receivable, after Allowance for Credit Loss 6.67M as of 2025-12-31
Financing Receivable, Allowance for Credit Loss 532.00K as of 2025-12-31
Financing Receivable, after Allowance for Credit Loss 258.03M as of 2025-12-31
Disposal Group, Including Discontinued Operation, Assets, Current 594.54M as of 2025-12-31
Deposits Assets 28.62M as of 2025-12-31
Operating Lease, Right-of-Use Asset 697.87M as of 2025-12-31
Property, Plant and Equipment, Net 70.31M as of 2025-12-31
Prepaid Expense 33.72M as of 2025-12-31
Other Assets 1.66B as of 2025-12-31
Contract with Customer, Asset, Allowance for Credit Loss 14.30M as of 2025-12-31
Equity Method Investments 357.38M as of 2025-12-31
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures 30.68M as of 2025-12-31
Deferred Rent Receivables, Net 1.18B as of 2025-12-31
Asset Retirement Obligation 34.34M as of 2025-12-31
Dividends Payable 127.77M as of 2025-12-31
Accounts Payable and Other Accrued Liabilities 510.58M as of 2025-12-31
Accounts Payable and Accrued Liabilities 2.40B as of 2025-12-31
Operating Lease, Liability 360.54M as of 2025-12-31
Secured Debt 0 as of 2025-12-31
Assets 34.08B as of 2025-12-31
Long-term Debt 12.40B as of 2025-12-31
Disposal Group, Including Discontinued Operation, Liabilities, Current 12.23M as of 2025-12-31
Senior Notes, Noncurrent 12.05B as of 2025-12-31
Liabilities 14.93B as of 2025-12-31
Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests 58.79M as of 2025-12-31
Common Stock, Value, Issued 1.71M as of 2025-12-31
Additional Paid in Capital 15.50B as of 2025-12-31
Accumulated Other Comprehensive Income (Loss), Net of Tax -29.39M as of 2025-12-31
Stockholders' Equity Attributable to Parent 15.47B as of 2025-12-31
Stockholders' Equity Attributable to Noncontrolling Interest 3.63B as of 2025-12-31
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 19.10B as of 2025-12-31
Liabilities and Equity 34.08B as of 2025-12-31
Unit shares · 5 concepts
Label Value Period
Preferred Stock, Shares Authorized 100.00M as of 2025-12-31
Preferred Stock, Shares Issued 0 as of 2025-12-31
Common Stock, Shares Authorized 400.00M as of 2025-12-31
Common Stock, Shares, Issued 170.54M as of 2025-12-31
Common Stock, Shares, Outstanding 170.54M as of 2025-12-31
Unit US$ / share · 1 concept
Label Value Period
Common Stock, Par or Stated Value Per Share $0.01 as of 2025-12-31

Cash Flow Statement

46 concepts 1 unit
Unit US$ · 46 concepts
Label Value Period
Gain (Loss) on Sale of Properties 642.45M 2025-01-01 → 2025-12-31
Amortization of above and below Market Leases -37.76M 2025-01-01 → 2025-12-31
Gain (Loss) on Disposition of Real Estate, Discontinued Operations 642.45M 2025-01-01 → 2025-12-31
Noncash or Part Noncash Acquisition, Value of Assets Acquired 0 2025-01-01 → 2025-12-31
Noncash or Part Noncash Acquisition, Payables Assumed 0 2025-01-01 → 2025-12-31
Amortization of Debt Discount (Premium) 1.34M 2025-01-01 → 2025-12-31
Straight Line Rent 73.48M 2025-01-01 → 2025-12-31
Payments to Acquire Real Estate and Real Estate Joint Ventures 11.30M 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Noncash Expense 41.12M 2025-01-01 → 2025-12-31
Operating Lease, Payments 171.90M 2025-01-01 → 2025-12-31
Interest Paid, Excluding Capitalized Interest, Operating Activities 204.03M 2025-01-01 → 2025-12-31
Proceeds from Equity Method Investment, Distribution 2.18M 2025-01-01 → 2025-12-31
Increase (Decrease) in Leasing Receivables 252.00K 2025-01-01 → 2025-12-31
Notes Issued 123.95M 2025-01-01 → 2025-12-31
Capital Expenditures Incurred but Not yet Paid 339.48M 2025-01-01 → 2025-12-31
Increase (Decrease) in Deferred Leasing Fees 123.19M 2025-01-01 → 2025-12-31
Increase (Decrease) in Other Operating Assets 56.58M 2025-01-01 → 2025-12-31
Payments to Acquire Real Estate 0 2025-01-01 → 2025-12-31
Payments to Develop Real Estate Assets 1.87B 2025-01-01 → 2025-12-31
Proceeds from Sale of Property Held-for-sale 2.32B 2025-01-01 → 2025-12-31
Increase (Decrease) in Operating Liabilities -117.82M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Operating Activities 1.41B 2025-01-01 → 2025-12-31
Payments to Acquire Investments 238.76M 2025-01-01 → 2025-12-31
Proceeds from Sale, Maturity and Collection of Investments 169.00M 2025-01-01 → 2025-12-31
Payments for (Proceeds from) Deposits on Real Estate Acquisitions 7.36M 2025-01-01 → 2025-12-31
Proceeds from Secured Notes Payable 4.03M 2025-01-01 → 2025-12-31
Proceeds from Equity Method Investment, Distribution, Return of Capital 566.00K 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Investing Activities 362.10M 2025-01-01 → 2025-12-31
Proceeds from Issuance of Commercial Paper 25.43B 2025-01-01 → 2025-12-31
Repayments of Commercial Paper 25.07B 2025-01-01 → 2025-12-31
Proceeds from Long-term Lines of Credit 700.00M 2025-01-01 → 2025-12-31
Proceeds from Issuance of Senior Long-term Debt 548.53M 2025-01-01 → 2025-12-31
Repayments of Long-term Lines of Credit 700.00M 2025-01-01 → 2025-12-31
Repayments of Secured Debt 154.21M 2025-01-01 → 2025-12-31
Repayments of Unsecured Debt 600.00M 2025-01-01 → 2025-12-31
Payments of Financing Costs 5.31M 2025-01-01 → 2025-12-31
Proceeds from Noncontrolling Interests 165.49M 2025-01-01 → 2025-12-31
Payments to Noncontrolling Interests 951.78M 2025-01-01 → 2025-12-31
Proceeds from Issuance of Common Stock 0 2025-01-01 → 2025-12-31
Payments for Repurchase of Common Stock 208.19M 2025-01-01 → 2025-12-31
Payments of Ordinary Dividends, Common Stock 911.45M 2025-01-01 → 2025-12-31
Payment, Tax Withholding, Share-based Payment Arrangement 24.41M 2025-01-01 → 2025-12-31
Net Cash Provided by (Used in) Financing Activities -1.78B 2025-01-01 → 2025-12-31
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 1.56M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -6.09M 2025-01-01 → 2025-12-31
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 553.75M as of 2025-12-31

Notes

74 concepts 5 units
Unit US$ · 64 concepts
Label Value Period
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Gross 34.82B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Acquisition 0 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Other Addition 1.93B 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Cost of Investment in Real Estate Sold 2.65B 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Write-down or Reserve, Amount 2.20B 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation 6.13B as of 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Depreciation Expense 1.17B 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation, Investment in Real Estate Sold 664.66M 2025-01-01 → 2025-12-31
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis 35.08B as of 2025-12-31
Share-based Payment Arrangement, Amount Capitalized 53.57M 2025-01-01 → 2025-12-31
Share-based Payment Arrangement, Expense 94.69M 2025-01-01 → 2025-12-31
Other Assets, Miscellaneous 87.04M as of 2025-12-31
Deferred Compensation Plan Assets 53.53M as of 2025-12-31
Equity Securities, FV-NI, Cost 1.01B as of 2025-12-31
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount 130.90M as of 2025-12-31
Equity Securities, FV-NI, Unrealized Loss 76.30M 2025-01-01 → 2025-12-31
Equity Securities, FV-NI, Unrealized Gain (Loss) 26.98M 2025-01-01 → 2025-12-31
Equity Securities, FV-NI, Realized Gain 115.70M 2025-01-01 → 2025-12-31
Equity Securities, FV-NI, Realized Loss 103.30M 2025-01-01 → 2025-12-31
Equity Securities, FV-NI, Gain (Loss) -56.34M 2025-01-01 → 2025-12-31
Equity Securities, FV-NI and without Readily Determinable Fair Value 1.50B as of 2025-12-31
Noncontrolling Interest, Decrease from Deconsolidation 153.47M 2025-01-01 → 2025-12-31
Dividends, Common Stock, Cash 809.26M 2025-01-01 → 2025-12-31
Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted 8.42M 2025-01-01 → 2025-12-31
Net Income (Loss) Available to Common Stockholders, Diluted -1.44B 2025-01-01 → 2025-12-31
Sales-type Lease, Net Investment in Lease 16.40M as of 2025-12-31
Below Market Lease, Net 133.03M as of 2025-12-31
Direct Financing Lease, Net Investment in Lease 42.60M as of 2025-12-31
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation 23.55M 2025-01-01 → 2025-12-31
Stock Repurchased During Period, Value 208.19M 2025-01-01 → 2025-12-31
Operating Lease, Cost 45.97M 2025-01-01 → 2025-12-31
Lease, Cost 43.02M 2025-01-01 → 2025-12-31
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value 107.45M 2025-01-01 → 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year One 22.77M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Two 21.85M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Three 21.52M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Four 21.02M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, Year Five 20.74M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid, after Year Five 665.50M as of 2025-12-31
Lessee, Operating Lease, Liability, to be Paid 773.40M as of 2025-12-31
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 412.86M as of 2025-12-31
Sales-type and Direct Financing Leases, Interest Income 4.50M 2025-01-01 → 2025-12-31
Other Accounts Payable and Accrued Liabilities 152.83M as of 2025-12-31
Net Investment in Lease, Allowance for Credit Loss 1.82M as of 2025-12-31
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount -95.70M 2025-01-01 → 2025-12-31
Defined Contribution Plan, Cost 3.50M 2025-01-01 → 2025-12-31
Debt Issuance Costs, Net 39.41M as of 2025-12-31
Contractual Obligation 5.30M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year One 18.45M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Two 2.10M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Three 2.16M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Four 2.22M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, Year Five 2.29M as of 2025-12-31
Sales-Type and Direct Financing Leases, Lease Receivable, to be Received, after Year Five 238.62M as of 2025-12-31
Sales-type and Direct Financing Leases, Lease Receivable, Payments to be Received 265.84M as of 2025-12-31
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount 6.70M as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year One 1.61B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Two 1.50B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Three 1.36B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Four 1.27B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, Year Five 1.20B as of 2025-12-31
Lessor, Operating Lease, Payment to be Received, after Year Five 7.13B as of 2025-12-31
Lessor, Operating Lease, Payments to be Received 14.07B as of 2025-12-31
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments 370.30M as of 2025-12-31
Unit property · 1 concept
Label Value Period
Number of Properties Subject to Ground Leases 31 as of 2025-12-31
Unit segment · 1 concept
Label Value Period
Number of Reportable Segments 1 2025-01-01 → 2025-12-31

Other

2 concepts 1 unit
Unit US$ · 2 concepts

Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (ARE CIK 0001035443), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.