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Side-by-side financial comparison of Alexandria Real Estate Equities (ARE) and Park Hotels & Resorts Inc. (PK). Click either name above to swap in a different company.
Alexandria Real Estate Equities is the larger business by last-quarter revenue ($671.0M vs $629.0M, roughly 1.1× Park Hotels & Resorts Inc.). Alexandria Real Estate Equities runs the higher net margin — 59.4% vs -32.6%, a 92.0% gap on every dollar of revenue. On growth, Park Hotels & Resorts Inc. posted the faster year-over-year revenue change (0.6% vs -11.5%). Over the past eight quarters, Park Hotels & Resorts Inc.'s revenue compounded faster (-0.8% CAGR vs -6.4%).
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...
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
ARE vs PK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $671.0M | $629.0M |
| Net Profit | $398.4M | $-205.0M |
| Gross Margin | — | — |
| Operating Margin | — | -26.1% |
| Net Margin | 59.4% | -32.6% |
| Revenue YoY | -11.5% | 0.6% |
| Net Profit YoY | 740.6% | -410.6% |
| EPS (diluted) | $2.10 | $-1.04 |
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.
| Q1 26 | $671.0M | — | ||
| Q4 25 | $754.4M | $629.0M | ||
| Q3 25 | $751.9M | $610.0M | ||
| Q2 25 | $762.0M | $672.0M | ||
| Q1 25 | $758.2M | $630.0M | ||
| Q4 24 | $788.9M | $625.0M | ||
| Q3 24 | $791.6M | $649.0M | ||
| Q2 24 | $766.7M | $686.0M |
| Q1 26 | $398.4M | — | ||
| Q4 25 | $-1.1B | $-205.0M | ||
| Q3 25 | $-232.8M | $-16.0M | ||
| Q2 25 | $-107.0M | $-5.0M | ||
| Q1 25 | $-8.9M | $-57.0M | ||
| Q4 24 | $-62.2M | $66.0M | ||
| Q3 24 | $167.9M | $54.0M | ||
| Q2 24 | $46.7M | $64.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -26.1% | ||
| Q3 25 | — | 9.7% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 13.3% | ||
| Q3 24 | — | 14.6% | ||
| Q2 24 | — | 17.6% |
| Q1 26 | 59.4% | — | ||
| Q4 25 | -143.3% | -32.6% | ||
| Q3 25 | -31.0% | -2.6% | ||
| Q2 25 | -14.0% | -0.7% | ||
| Q1 25 | -1.2% | -9.0% | ||
| Q4 24 | -7.9% | 10.6% | ||
| Q3 24 | 21.2% | 8.3% | ||
| Q2 24 | 6.1% | 9.3% |
| Q1 26 | $2.10 | — | ||
| Q4 25 | $-6.35 | $-1.04 | ||
| Q3 25 | $-1.38 | $-0.08 | ||
| Q2 25 | $-0.64 | $-0.02 | ||
| Q1 25 | $-0.07 | $-0.29 | ||
| Q4 24 | $-0.38 | $0.32 | ||
| Q3 24 | $0.96 | $0.26 | ||
| Q2 24 | $0.25 | $0.30 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $418.7M | $232.0M |
| Total DebtLower is stronger | — | $3.9B |
| Stockholders' EquityBook value | $19.4B | $3.1B |
| Total Assets | $34.2B | $7.7B |
| Debt / EquityLower = less leverage | — | 1.23× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $418.7M | — | ||
| Q4 25 | $549.1M | $232.0M | ||
| Q3 25 | $579.5M | $278.0M | ||
| Q2 25 | $520.5M | $319.0M | ||
| Q1 25 | $476.4M | $233.0M | ||
| Q4 24 | $552.1M | $402.0M | ||
| Q3 24 | $562.6M | $480.0M | ||
| Q2 24 | $561.0M | $449.0M |
| Q1 26 | — | — | ||
| Q4 25 | $12.4B | $3.9B | ||
| Q3 25 | $13.6B | $3.9B | ||
| Q2 25 | $13.3B | $3.9B | ||
| Q1 25 | $13.1B | $3.9B | ||
| Q4 24 | $12.2B | $3.9B | ||
| Q3 24 | $12.7B | $3.9B | ||
| Q2 24 | $12.4B | $3.9B |
| Q1 26 | $19.4B | — | ||
| Q4 25 | $15.5B | $3.1B | ||
| Q3 25 | $16.6B | $3.4B | ||
| Q2 25 | $17.2B | $3.4B | ||
| Q1 25 | $17.5B | $3.5B | ||
| Q4 24 | $17.9B | $3.6B | ||
| Q3 24 | $18.2B | $3.8B | ||
| Q2 24 | $18.3B | $3.8B |
| Q1 26 | $34.2B | — | ||
| Q4 25 | $34.1B | $7.7B | ||
| Q3 25 | $37.4B | $8.8B | ||
| Q2 25 | $37.6B | $8.9B | ||
| Q1 25 | $37.6B | $8.9B | ||
| Q4 24 | $37.5B | $9.2B | ||
| Q3 24 | $38.5B | $9.2B | ||
| Q2 24 | $37.8B | $9.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.80× | 1.23× | ||
| Q3 25 | 0.82× | 1.14× | ||
| Q2 25 | 0.77× | 1.12× | ||
| Q1 25 | 0.75× | 1.11× | ||
| Q4 24 | 0.68× | 1.06× | ||
| Q3 24 | 0.70× | 1.03× | ||
| Q2 24 | 0.68× | 1.03× |
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 | $475.0M | $105.0M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -0.5% |
| Capex IntensityCapex / Revenue | 76.0% | 17.2% |
| Cash ConversionOCF / Net Profit | 1.19× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $102.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $475.0M | — | ||
| Q4 25 | $312.4M | $105.0M | ||
| Q3 25 | $433.5M | $99.0M | ||
| Q2 25 | $460.2M | $108.0M | ||
| Q1 25 | $207.9M | $86.0M | ||
| Q4 24 | $274.2M | $80.0M | ||
| Q3 24 | $477.4M | $140.0M | ||
| Q2 24 | $411.8M | $117.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-3.0M | ||
| Q3 25 | — | $31.0M | ||
| Q2 25 | — | $65.0M | ||
| Q1 25 | — | $9.0M | ||
| Q4 24 | — | $17.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $66.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -0.5% | ||
| Q3 25 | — | 5.1% | ||
| Q2 25 | — | 9.7% | ||
| Q1 25 | — | 1.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 14.9% | ||
| Q2 24 | — | 9.6% |
| Q1 26 | 76.0% | — | ||
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 6.4% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 10.1% | ||
| Q3 24 | — | 6.6% | ||
| Q2 24 | — | 7.4% |
| Q1 26 | 1.19× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | 2.84× | 2.59× | ||
| Q2 24 | 8.82× | 1.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARE
| Same properties | $431.4M | 64% |
| Tenant recoveries | $178.2M | 27% |
| Non-same properties | $43.3M | 6% |
| Other | $18.0M | 3% |
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
