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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Curbline Properties Corp. (CURB). Click either name above to swap in a different company.
Alexandria Real Estate Equities is the larger business by last-quarter revenue ($754.4M vs $54.1M, roughly 13.9× Curbline Properties Corp.). Curbline Properties Corp. runs the higher net margin — 17.6% vs -143.3%, a 160.9% 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...
ARE vs CURB — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $754.4M | $54.1M |
| Net Profit | $-1.1B | $9.6M |
| Gross Margin | — | — |
| Operating Margin | — | 17.8% |
| Net Margin | -143.3% | 17.6% |
| Revenue YoY | -4.4% | — |
| Net Profit YoY | -1636.5% | — |
| EPS (diluted) | $-6.35 | $0.08 |
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 | $54.1M | ||
| Q3 25 | $751.9M | $48.6M | ||
| Q2 25 | $762.0M | $41.4M | ||
| Q1 25 | $758.2M | $38.7M | ||
| Q4 24 | $788.9M | — | ||
| Q3 24 | $791.6M | $29.8M | ||
| Q2 24 | $766.7M | — | ||
| Q1 24 | $769.1M | — |
| Q4 25 | $-1.1B | $9.6M | ||
| Q3 25 | $-232.8M | $9.4M | ||
| Q2 25 | $-107.0M | $10.4M | ||
| Q1 25 | $-8.9M | $10.6M | ||
| Q4 24 | $-62.2M | — | ||
| Q3 24 | $167.9M | $-15.4M | ||
| Q2 24 | $46.7M | — | ||
| Q1 24 | $170.5M | — |
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 19.3% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -51.8% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | -143.3% | 17.6% | ||
| Q3 25 | -31.0% | 19.2% | ||
| Q2 25 | -14.0% | 25.1% | ||
| Q1 25 | -1.2% | 27.3% | ||
| Q4 24 | -7.9% | — | ||
| Q3 24 | 21.2% | -51.8% | ||
| Q2 24 | 6.1% | — | ||
| Q1 24 | 22.2% | — |
| Q4 25 | $-6.35 | $0.08 | ||
| Q3 25 | $-1.38 | $0.09 | ||
| Q2 25 | $-0.64 | $0.10 | ||
| Q1 25 | $-0.07 | $0.10 | ||
| Q4 24 | $-0.38 | — | ||
| Q3 24 | $0.96 | $-0.15 | ||
| 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 | $289.6M |
| Total DebtLower is stronger | $12.4B | $423.2M |
| Stockholders' EquityBook value | $15.5B | $1.9B |
| Total Assets | $34.1B | $2.5B |
| Debt / EquityLower = less leverage | 0.80× | 0.22× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $549.1M | $289.6M | ||
| Q3 25 | $579.5M | $430.1M | ||
| Q2 25 | $520.5M | $429.9M | ||
| Q1 25 | $476.4M | $594.0M | ||
| Q4 24 | $552.1M | — | ||
| Q3 24 | $562.6M | $2.5M | ||
| Q2 24 | $561.0M | — | ||
| Q1 24 | $722.2M | — |
| Q4 25 | $12.4B | $423.2M | ||
| Q3 25 | $13.6B | $396.4M | ||
| Q2 25 | $13.3B | $99.1M | ||
| Q1 25 | $13.1B | $99.0M | ||
| Q4 24 | $12.2B | — | ||
| Q3 24 | $12.7B | — | ||
| Q2 24 | $12.4B | — | ||
| Q1 24 | $12.2B | — |
| Q4 25 | $15.5B | $1.9B | ||
| Q3 25 | $16.6B | $1.9B | ||
| Q2 25 | $17.2B | $1.9B | ||
| Q1 25 | $17.5B | $1.9B | ||
| Q4 24 | $17.9B | — | ||
| Q3 24 | $18.2B | $1.1B | ||
| Q2 24 | $18.3B | — | ||
| Q1 24 | $18.4B | — |
| Q4 25 | $34.1B | $2.5B | ||
| Q3 25 | $37.4B | $2.4B | ||
| Q2 25 | $37.6B | $2.1B | ||
| Q1 25 | $37.6B | $2.1B | ||
| Q4 24 | $37.5B | — | ||
| Q3 24 | $38.5B | $1.2B | ||
| Q2 24 | $37.8B | — | ||
| Q1 24 | $37.7B | — |
| Q4 25 | 0.80× | 0.22× | ||
| Q3 25 | 0.82× | 0.21× | ||
| Q2 25 | 0.77× | 0.05× | ||
| Q1 25 | 0.75× | 0.05× | ||
| 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 | $25.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 2.71× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $312.4M | $25.9M | ||
| Q3 25 | $433.5M | $39.2M | ||
| Q2 25 | $460.2M | $34.2M | ||
| Q1 25 | $207.9M | $25.4M | ||
| Q4 24 | $274.2M | — | ||
| Q3 24 | $477.4M | — | ||
| Q2 24 | $411.8M | — | ||
| Q1 24 | $341.2M | — |
| Q4 25 | — | 2.71× | ||
| Q3 25 | — | 4.19× | ||
| Q2 25 | — | 3.28× | ||
| Q1 25 | — | 2.40× | ||
| 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% |
CURB
Segment breakdown not available.
