Alexandria Real Estate EquitiesAREEarnings & Financial Report
Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office real estate investment trust (REIT), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (SF). The asset base in North America includes 31.9...
ARE Q1 FY2026 Key Financial Metrics
Revenue
$671.0M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$398.4M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
59.4%
YoY Growth
-11.5%
EPS
$2.10
Alexandria Real Estate Equities Q1 FY2026 Financial Summary
Alexandria Real Estate Equities reported revenue of $671.0M (down 11.5% YoY) for Q1 FY2026, with a net profit of $398.4M (up 740.6% YoY) (59.4% margin).
Key Financial Metrics
| Total Revenue | $671.0M |
|---|---|
| Net Profit | $398.4M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q1 FY2026 |
Revenue Breakdown
Alexandria Real Estate Equities Q1 FY2026 revenue of $671.0M breaks down across 4 segments, led by Same properties at $431.4M (64.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Same properties | $431.4M | 64.3% |
| Tenant recoveries | $178.2M | 26.6% |
| Non-same properties | $43.3M | 6.5% |
| Other | $18.0M | 2.7% |
Alexandria Real Estate Equities Revenue by Segment — Quarterly Trend
Alexandria Real Estate Equities revenue by segment across the last 4 reported quarters, showing how each business line (such as Same properties and Tenant recoveries) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Same properties | $431.4M | — | — | — |
| Tenant recoveries | $178.2M | — | — | — |
| Non-same properties | $43.3M | — | — | — |
| Other | $18.0M | $21.7M | $16.1M | $24.8M |
Alexandria Real Estate Equities Annual Revenue by Year
Alexandria Real Estate Equities annual revenue history includes year-by-year totals (for example, 2025 revenue was $3.0B).
Alexandria Real Estate Equities Quarterly Revenue & Net Profit History
Alexandria Real Estate Equities results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $671.0M | -11.5% | $398.4M | 59.4% |
| Q4 FY2025 | $754.4M | -4.4% | $-1.1B | -143.3% |
| Q3 FY2025 | $751.9M | -5.0% | $-232.8M | -31.0% |
| Q2 FY2025 | $762.0M | -0.6% | $-107.0M | -14.0% |
| Q1 FY2025 | $758.2M | -1.4% | $-8.9M | -1.2% |
| Q4 FY2024 | $788.9M | +4.2% | $-62.2M | -7.9% |
| Q3 FY2024 | $791.6M | +10.9% | $167.9M | 21.2% |
| Q2 FY2024 | $766.7M | +7.4% | $46.7M | 6.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $766.7M | $791.6M | $788.9M | $758.2M | $762.0M | $751.9M | $754.4M | $671.0M |
| YoY Growth | 7.4% | 10.9% | 4.2% | -1.4% | -0.6% | -5.0% | -4.4% | -11.5% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $37.85B | $38.49B | $37.53B | $37.60B | $37.62B | $37.38B | $34.08B | $34.17B |
| Liabilities | $15.18B | $15.78B | $15.13B | $15.60B | $15.88B | $16.26B | $14.93B | $14.80B |
| Equity | $18.26B | $18.22B | $17.89B | $17.46B | $17.18B | $16.64B | $15.47B | $19.35B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $411.8M | $477.4M | $274.2M | $207.9M | $460.2M | $433.5M | $312.4M | $196.6M |