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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and BROOKFIELD Corp (BN). Click either name above to swap in a different company.
BROOKFIELD Corp is the larger business by last-quarter revenue ($18.1B vs $754.4M, roughly 24.0× Alexandria Real Estate Equities). BROOKFIELD Corp runs the higher net margin — 5.8% vs -143.3%, a 149.1% gap on every dollar of revenue.
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...
Brookfield Properties is a North American subsidiary of commercial real estate firm Brookfield Property Partners, which itself is a subsidiary of alternative asset management company Brookfield Corporation. It is responsible for the asset management of the company's real estate portfolio, including office, multi-family residential, retail, hospitality, and logistics buildings.
ARE vs BN — Head-to-Head
Income Statement — Q4 2025 vs Q2 2025
| Metric | | |
|---|---|---|
| Revenue | $754.4M | $18.1B |
| Net Profit | $-1.1B | $1.1B |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | -143.3% | 5.8% |
| Revenue YoY | -4.4% | — |
| Net Profit YoY | -1636.5% | — |
| EPS (diluted) | $-6.35 | $0.15 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $754.4M | — | ||
| Q3 25 | $751.9M | — | ||
| Q2 25 | $762.0M | $18.1B | ||
| Q1 25 | $758.2M | — | ||
| Q4 24 | $788.9M | — | ||
| Q3 24 | $791.6M | — | ||
| Q2 24 | $766.7M | — | ||
| Q1 24 | $769.1M | — |
| Q4 25 | $-1.1B | — | ||
| Q3 25 | $-232.8M | — | ||
| Q2 25 | $-107.0M | $1.1B | ||
| Q1 25 | $-8.9M | — | ||
| Q4 24 | $-62.2M | — | ||
| Q3 24 | $167.9M | — | ||
| Q2 24 | $46.7M | — | ||
| Q1 24 | $170.5M | — |
| Q4 25 | -143.3% | — | ||
| Q3 25 | -31.0% | — | ||
| Q2 25 | -14.0% | 5.8% | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | 21.2% | — | ||
| Q2 24 | 6.1% | — | ||
| Q1 24 | 22.2% | — |
| Q4 25 | $-6.35 | — | ||
| Q3 25 | $-1.38 | — | ||
| Q2 25 | $-0.64 | $0.15 | ||
| Q1 25 | $-0.07 | — | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $0.96 | — | ||
| Q2 24 | $0.25 | — | ||
| Q1 24 | $0.97 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $549.1M | $13.7B |
| Total DebtLower is stronger | $12.4B | — |
| Stockholders' EquityBook value | $15.5B | $161.6B |
| Total Assets | $34.1B | $506.1B |
| Debt / EquityLower = less leverage | 0.80× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $549.1M | — | ||
| Q3 25 | $579.5M | — | ||
| Q2 25 | $520.5M | $13.7B | ||
| Q1 25 | $476.4M | — | ||
| Q4 24 | $552.1M | — | ||
| Q3 24 | $562.6M | — | ||
| Q2 24 | $561.0M | — | ||
| Q1 24 | $722.2M | — |
| Q4 25 | $12.4B | — | ||
| Q3 25 | $13.6B | — | ||
| Q2 25 | $13.3B | — | ||
| Q1 25 | $13.1B | — | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — | ||
| Q1 24 | $12.2B | — |
| Q4 25 | $15.5B | — | ||
| Q3 25 | $16.6B | — | ||
| Q2 25 | $17.2B | $161.6B | ||
| Q1 25 | $17.5B | — | ||
| Q4 24 | $17.9B | — | ||
| Q3 24 | $18.2B | — | ||
| Q2 24 | $18.3B | — | ||
| Q1 24 | $18.4B | — |
| Q4 25 | $34.1B | — | ||
| Q3 25 | $37.4B | — | ||
| Q2 25 | $37.6B | $506.1B | ||
| Q1 25 | $37.6B | — | ||
| Q4 24 | $37.5B | — | ||
| Q3 24 | $38.5B | — | ||
| Q2 24 | $37.8B | — | ||
| Q1 24 | $37.7B | — |
| Q4 25 | 0.80× | — | ||
| Q3 25 | 0.82× | — | ||
| Q2 25 | 0.77× | — | ||
| Q1 25 | 0.75× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.70× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.66× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $312.4M | $2.0B |
| Free Cash FlowOCF − Capex | — | $-745.0M |
| FCF MarginFCF / Revenue | — | -4.1% |
| Capex IntensityCapex / Revenue | — | 15.2% |
| Cash ConversionOCF / Net Profit | — | 1.91× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $312.4M | — | ||
| Q3 25 | $433.5M | — | ||
| Q2 25 | $460.2M | $2.0B | ||
| Q1 25 | $207.9M | — | ||
| Q4 24 | $274.2M | — | ||
| Q3 24 | $477.4M | — | ||
| Q2 24 | $411.8M | — | ||
| Q1 24 | $341.2M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-745.0M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -4.1% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 15.2% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.91× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.84× | — | ||
| Q2 24 | 8.82× | — | ||
| Q1 24 | 2.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARE
| Reportable Segment Aggregation Before Other Operating Segment | $707.2M | 94% |
| Other | $21.7M | 3% |
BN
Segment breakdown not available.
