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...
Revenue
$788.9M
Gross Profit
N/A
Operating Profit
N/A
Net Profit
$-62.2M
Gross Margin
N/A
Operating Margin
N/A
Net Margin
-7.9%
YoY Growth
4.2%
EPS
$-0.38
Alexandria Real Estate Equities Q4 FY2024 Financial Summary
Alexandria Real Estate Equities reported revenue of $788.9M (up 4.2% YoY) for Q4 FY2024, with a net profit of $-62.2M (up 29.6% YoY) (-7.9% margin).
Key Financial Metrics
| Total Revenue | $788.9M |
|---|---|
| Net Profit | $-62.2M |
| Gross Margin | N/A |
| Operating Margin | N/A |
| Report Period | Q4 FY2024 |
Revenue Breakdown
Alexandria Real Estate Equities Q4 FY2024 revenue of $788.9M breaks down across 2 segments, led by Incomefromrentals at $763.2M (96.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Incomefromrentals | $763.2M | 96.7% |
| Other | $25.7M | 3.3% |
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 Incomefromrentals and Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Incomefromrentals | — | — | $735.8M | $737.3M |
| 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).
| Year | Annual Revenue |
|---|---|
| 2025 | $3.0B |
| 2024 | $3.1B |
| 2023 | $2.9B |
| 2022 | $2.6B |
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 |