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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and IAMGOLD CORP (IAG). Click either name above to swap in a different company.

IAMGOLD CORP is the larger business by last-quarter revenue ($724.2M vs $671.0M, roughly 1.1× Alexandria Real Estate Equities).

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...

Iamgold Corporation is a Canadian company that owns and operates gold mines in Burkina Faso and Canada. Headquartered in Toronto, the company was incorporated in 1990, and went public on the Toronto Stock Exchange in 1996, with additional shares being listed on the New York Stock Exchange beginning in 2005. The company formerly owned or had stakes in the Sadiola and Yatela gold mines in Mali, the Mupane gold mine in Botswana, the Niobec niobium mine in Quebec, as well as a royalty in the Diav...

ARE vs IAG — Head-to-Head

Bigger by revenue
IAG
IAG
1.1× larger
IAG
$724.2M
$671.0M
ARE

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
ARE
ARE
IAG
IAG
Revenue
$671.0M
$724.2M
Net Profit
$398.4M
Gross Margin
35.4%
Operating Margin
Net Margin
59.4%
Revenue YoY
-11.5%
Net Profit YoY
740.6%
EPS (diluted)
$2.10

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.

Revenue
ARE
ARE
IAG
IAG
Q1 26
$671.0M
Q4 25
$754.4M
Q3 25
$751.9M
Q2 25
$762.0M
$724.2M
Q1 25
$758.2M
$338.9M
Q4 24
$788.9M
Q3 24
$791.6M
Q2 24
$766.7M
$465.0M
Net Profit
ARE
ARE
IAG
IAG
Q1 26
$398.4M
Q4 25
$-1.1B
Q3 25
$-232.8M
Q2 25
$-107.0M
Q1 25
$-8.9M
Q4 24
$-62.2M
Q3 24
$167.9M
Q2 24
$46.7M
Gross Margin
ARE
ARE
IAG
IAG
Q1 26
Q4 25
Q3 25
Q2 25
35.4%
Q1 25
31.2%
Q4 24
Q3 24
Q2 24
15.0%
Net Margin
ARE
ARE
IAG
IAG
Q1 26
59.4%
Q4 25
-143.3%
Q3 25
-31.0%
Q2 25
-14.0%
Q1 25
-1.2%
Q4 24
-7.9%
Q3 24
21.2%
Q2 24
6.1%
EPS (diluted)
ARE
ARE
IAG
IAG
Q1 26
$2.10
Q4 25
$-6.35
Q3 25
$-1.38
Q2 25
$-0.64
Q1 25
$-0.07
Q4 24
$-0.38
Q3 24
$0.96
Q2 24
$0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARE
ARE
IAG
IAG
Cash + ST InvestmentsLiquidity on hand
$418.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$19.4B
Total Assets
$34.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARE
ARE
IAG
IAG
Q1 26
$418.7M
Q4 25
$549.1M
Q3 25
$579.5M
Q2 25
$520.5M
Q1 25
$476.4M
Q4 24
$552.1M
Q3 24
$562.6M
Q2 24
$561.0M
Total Debt
ARE
ARE
IAG
IAG
Q1 26
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
Stockholders' Equity
ARE
ARE
IAG
IAG
Q1 26
$19.4B
Q4 25
$15.5B
Q3 25
$16.6B
Q2 25
$17.2B
Q1 25
$17.5B
Q4 24
$17.9B
Q3 24
$18.2B
Q2 24
$18.3B
Total Assets
ARE
ARE
IAG
IAG
Q1 26
$34.2B
Q4 25
$34.1B
Q3 25
$37.4B
Q2 25
$37.6B
Q1 25
$37.6B
Q4 24
$37.5B
Q3 24
$38.5B
Q2 24
$37.8B
Debt / Equity
ARE
ARE
IAG
IAG
Q1 26
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×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARE
ARE
IAG
IAG
Operating Cash FlowLast quarter
$475.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
76.0%
Cash ConversionOCF / Net Profit
1.19×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARE
ARE
IAG
IAG
Q1 26
$475.0M
Q4 25
$312.4M
Q3 25
$433.5M
Q2 25
$460.2M
Q1 25
$207.9M
Q4 24
$274.2M
Q3 24
$477.4M
Q2 24
$411.8M
Capex Intensity
ARE
ARE
IAG
IAG
Q1 26
76.0%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
ARE
ARE
IAG
IAG
Q1 26
1.19×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.84×
Q2 24
8.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ARE
ARE

Same properties$431.4M64%
Tenant recoveries$178.2M27%
Non-same properties$43.3M6%
Other$18.0M3%

IAG
IAG

Segment breakdown not available.

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