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ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE)

As-reported financials and recent SEC filings for ALEXANDRIA REAL ESTATE EQUITIES, INC., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ALEXANDRIA REAL ESTATE EQUITIES, INC.

Alexandria Real Estate Equities, Inc. is a real estate investment trust that owns, operates, and develops life science real estate properties in major innovation clusters across North America. The company focuses on Class A and A+ laboratory and office spaces within collaborative Megacampus ecosystems, serving tenants such as pharmaceutical, biotechnology, medical device companies, academic institutions, and government research agencies. Alexandria also invests in life science companies and manages a portfolio of properties designed to support tenant growth and innovation.

Snapshot

Revenue
$3.03B
Revenue growth (YoY)
-2.9%
Net income
$-1.43B
Diluted EPS
$-8.44
Gross margin
Operating margin
Net margin
-47.2%
FCF margin
ROE
-7.5%
P/E (TTM)
Market cap
$8.88B
Debt / equity
0.6×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Alexandria Real Estate Equities

  • Revenue fell 2.9% to $3.0B in FY2025, slower than the 8.0% the year before.
  • Most recent quarter Q1 FY2026: revenue $671M, down 11.5% from Q1 FY2025.
  • Net income turned to a $1.4B loss in FY2025, from a $323M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Alexandria Real Estate Equities’s fundamentals sit among the 165 REITs. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin-47.2%
3rd percentile of 156
Revenue growth (YoY)-2.9%
24th percentile of 161
ROE-7.5%
14th percentile of 141
Debt / equity0.65×
17th percentile of 99
Short interest4.88d
47th percentile of 154

Alexandria Real Estate Equities’s net margin of -47.2% ranks in the 3rd percentile of the 156 REITs reporting it. Alexandria Real Estate Equities’s return on equity of -7.5% ranks in the 14th percentile of the 141 REITs reporting it.

7 open-market insider buys totaling $1.2M in the last 90 days, against 1 sale totaling $108,000. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$195.6M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ1 2026$120.3M2.6MAdded
Millennium ManagementquantQ1 2026$36.7M789.9KAdded
Gotham Asset ManagementQ1 2026$12.7M274.2KAdded
D. E. ShawquantQ1 2026$9.1M195.7KReduced
Citadel AdvisorsquantQ1 2026$8.9M191.4KReduced
Point72 Asset ManagementquantQ1 2026$5.0M108.5KNew
Two Sigma InvestmentsquantQ1 2026$2.8M60.9KAdded

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4. Multiple insiders have bought recently (a cluster buy).

Buys (90d)
7
2 insiders
Bought (90d)
$1.2M
open-market value
Sells (90d)
1
$108K
Signal
Cluster buy
≥2 insiders buying
Trade dateInsiderTypeSharesPriceValue
2026-06-09
filed 2026-06-11
Binda Marc ECFO & TreasurerSell2.0K$54.00$108K
2026-05-06
filed 2026-05-07
MARCUS JOEL SExecutive ChairmanBuy4.0K$45.99$183K
2026-05-06
filed 2026-05-07
MARCUS JOEL SExecutive ChairmanBuy3.5K$46.74$164K
2026-05-05
filed 2026-05-06
MARCUS JOEL SExecutive ChairmanBuy3.8K$42.76$164K
2026-05-05
filed 2026-05-06
MARCUS JOEL SExecutive ChairmanBuy2.1K$41.89$86K
2026-05-05
filed 2026-05-06
MARCUS JOEL SExecutive ChairmanBuy1.6K$43.70$70K
2026-05-04
filed 2026-05-05
MARCUS JOEL SExecutive ChairmanBuy10.0K$41.02$410K
2026-04-30
filed 2026-05-04
Thomas Gregory CalvinEVP - CTOBuy3.5K$41.00$144K
2026-04-17
filed 2026-04-21
Kuhn Hallie E.EVP - Cap Market & Co-Lead -LSSell536$48.20$26K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
7.8M
settled 2026-07-15
Change vs prior
+3.5%
vs previous settlement
Days to cover
4.88
at avg daily volume
Avg daily volume
1.6M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-157.8M+3.5%4.88
2026-06-307.6M+26.8%4.00
2026-06-156.0M-15.1%2.52
2026-05-297.0M-3.7%4.28
2026-05-157.3M-2.5%3.21
2026-04-307.5M+1.0%2.89
2026-04-157.4M+10.5%2.78
2026-03-316.7M+3.6%3.03

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.03B$3.12B$2.89B$2.59B$2.11B
Gross profit
Operating income
Net income$-1.43B$322.9M$103.6M$521.7M$571.2M
Diluted EPS$-8.44$1.80$0.54$3.18$3.82

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$549.1M$552.1M$618.2M$825.2M$361.3M
Current assets
Total assets$34.08B$37.53B$36.77B$35.52B$30.22B
Current liabilities
Long-term debt$12.40B$12.24B$11.32B$10.16B$8.79B
Total liabilities$14.93B$15.13B$14.15B$12.84B$11.19B
Total equity$19.10B$22.38B$22.61B$22.67B$19.02B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$1.41B$1.50B$1.63B$1.29B$1.01B
Capital expenditure
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q1 FY2026$671.0M-11.5%$361.7M$2.10
Q4 FY2025$754.4M-4.4%$-1.08B$-6.34
Q3 FY2025$751.9M-5.0%$-232.8M$-1.38
Q2 FY2025$762.0M-0.6%$-107.0M$-0.64
Q1 FY2025$758.2M-1.4%$-8.9M$-0.07
Q4 FY2024$788.9M4.2%$-62.2M$-0.36
Q3 FY2024$791.6M10.9%$167.9M$0.96
Q2 FY2024$766.7M7.4%$46.7M$0.25

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorReal Estate
SIC industryReal Estate Investment Trusts
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2020
SEC CIK1035443

Recent SEC filings

10-Q2026-04-27
View on EDGAR →
8-K2026-07-09
View on EDGAR →
8-K2026-05-14
View on EDGAR →
8-K2026-04-27
View on EDGAR →

Largest reit peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.