Alexandria Real Estate Equities financials
$48.66−2.54%
Close Sep 28, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.03B | $3.12B | $2.89B | $2.59B | $2.11B | $1.89B | $1.53B | $1.33B | $1.13B | $921.7M |
| Gross profit | $2.10B | $2.21B | $2.03B | $1.81B | $1.49B | $1.36B | $1.09B | $946.3M | $802.5M | $643.3M |
| Gross margin | 69.5% | 70.8% | 70.2% | 69.8% | 70.5% | 71.9% | 70.9% | 71.3% | 71.1% | 69.8% |
| Operating income | -$1.57B | $613.3M | $272.6M | $561.4M | $465.4M | $475.9M | $420.0M | $372.0M | $310.5M | $56.8M |
| Net income | -$1.44B | $309.6M | $92.4M | $513.3M | $563.4M | $760.8M | $351.0M | $364.0M | $145.4M | -$151.1M |
| Net margin | −47.5% | 9.9% | 3.2% | 19.8% | 26.6% | 40.3% | 22.9% | 27.4% | 12.9% | −16.4% |
| Diluted EPS | $-8.44 | $1.80 | $0.54 | $3.18 | $3.82 | $6.01 | $3.12 | $3.52 | $1.58 | $-1.99 |
| EBITDA | $1.99B | $2.04B | $1.83B | $1.55B | $1.28B | $1.16B | $947.2M | $834.0M | $708.4M | $573.7M |
| Operating cash flow | $1.41B | $1.50B | $1.63B | $1.48B | $1.01B | $943.6M | $683.9M | $570.3M | $450.9M | $393.5M |
| Free cash flow | -$456.9M | -$918.1M | -$1.79B | -$1.83B | -$1.08B | -$501.6M | -$540.7M | -$356.8M | -$442.8M | -$428.2M |
| Diluted shares | 170.3M | 172.1M | 170.9M | 161.7M | 147.5M | 126.5M | 112.5M | 103.3M | 92.1M | 76.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $549.1M | $552.1M | $618.2M | $825.2M | $361.3M | $568.5M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $12.40B | $12.24B | $11.32B | $10.16B | $8.79B | $7.56B |
| Total assets | $34.08B | $37.53B | $36.77B | $35.52B | $30.22B | $22.83B |
| Total liabilities | $14.93B | $15.13B | $14.15B | $12.84B | $11.19B | $9.38B |
| Shareholders' equity | $19.10B | $22.38B | $22.61B | $22.67B | $19.02B | $13.43B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology