Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc.

AREยทNYSE

$52.72

+1.6%
Real EstateREIT - Office

Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500ยฎ 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 million RSF of operating properties and 3.3 million RSF of Class A properties undergoing construction, 7.1 million RSF of near-term and intermediate-term development and redevelopment projects, and 7.4 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.

At a Glance

Live Snapshot
Market Cap$9.19B
EPS-8.4400
P/E Ratio-6.25
Earnings Date07/20/2026
3Y+9.0%
5Y+60.0%
10Y+260.0%
3Y-110.0%
5Y-116.0%
10Y-135.0%
3Y-146.0%
5Y-171.0%
10Y-276.0%
ARE

Alexandria Real Estate Equities, Inc. Cash Conversion Engine

ARE ยท NYSE
Net Income-1.44B
Depreciation & Amortization1.35B
Stock-Based Compensation41.12M
Change in Working Capital-297.85M
Others1.76B
Capital Expenditures0.00
Free Cash Flow1.41B

Cash Flow Quality Analysis

FCF Conversion Rate

-98.3%

Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.

FCF Growth Trend

-6.0%

Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.

Working Capital Impact

-$297.85M

Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.

Alexandria Real Estate Equities, Inc. Cash Flow Statement

ARE โ€ข NYSE

Alexandria Real Estate Equities, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-1.4B
510.7M
281M
670.7M
654.3M
827.2M
404M
402.8M
194.2M
-49.8M
146.1M
106.8M
140.2M
105.5M
135.4M
139M
141.6M
122.9M
93.7M
73.4M
1.4B
1.1B
1B
927.8M
766.3M
640.9M
544.6M
477.7M
416.8M
313.4M
261.3M
224.1M
190.8M
192M
158M
126.6M
118.5M
108.7M
95.3M
77.7M
0.0
0.0
0.0
0.0
0.0
0.0
-142.6M
-181.6M
-11.9M
192.1M
-8.7M
41.6M
-8.3M
-134K
7.2M
-5.9M
-6.7M
-13.5M
-31.2M
0.0
41.1M
59.6M
82.9M
57.7M
48.7M
43.5M
43.6M
35M
25.6M
25.4M
17.5M
14M
15.6M
14.2M
11.8M
10.8M
14.1M
13.7M
11.2M
0.0
1.8B
17.9M
264.5M
-239.2M
-363.8M
-558.6M
-128.7M
-108M
-118.1M
-46M
-43M
-36.5M
-20.8M
-21.3M
-25.8M
-22.8M
-14.4M
-8.5M
15.2M
3M
-297.8M
-200.5M
2M
-122.7M
-95.3M
-70.4M
-37.2M
-55.6M
-56.3M
-42.6M
-30.6M
-15.6M
-4.8M
15.3M
-39.6M
-28.4M
-47.2M
9.3M
1.2M
-25.7M
1.4B
1.5B
1.6B
1.3B
1B
882.5M
683.9M
570.3M
450.3M
392.5M
342.6M
334.3M
312.7M
305.5M
247M
219.3M
206M
232.7M
185.4M
128.4M
INVESTING ACTIVITIES
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-1.9B
-1.6B
-1.4B
-683.3M
-544.1M
-561.5M
-555M
-735.1M
-717.1M
-446.1M
-548.8M
-950M
-978.3M
(165.5M)
-1M
-658K
-971K
(372.2M)
(16.8M)
-102.1M
-83.3M
-39.6M
-11.5M
-9M
-70.8M
-18M
-6.7M
(20.1M)
(0.0)
(18M)
(0.0)
(935M)
(0.0)
-2.1B
-236.4M
-189.5M
-242.9M
-408.6M
-174.7M
-190.8M
-235.9M
-171.9M
-102.3M
-95.9M
-60.2M
-36.1M
-36.3M
-28M
-18.4M
-12.9M
-13M
-16.6M
-12.9M
2.5B
173.9M
183.4M
198.3M
424.6M
141.1M
129.2M
103.7M
30.5M
38.9M
67.1M
19M
16.5M
27M
16.8M
4.7M
5.6M
13.3M
19.7M
20.6M
0.0
-1.4B
-2.5B
-5B
-7.5B
-3.3B
-3.5B
-2M
-3.3M
14.7M
-1.2M
21.3M
7.7M
12.9M
-7.4M
294.1M
25.4M
80.9M
-935M
0.0
(527.6M)
-1.5B
-2.5B
-5.1B
-7.1B
-3.3B
-3.6B
-2.2B
-1.7B
-1.5B
-722.4M
-634.8M
-591.4M
-558.1M
-733.6M
-436.7M
-409.9M
-467.5M
-947M
-970.6M
FINANCING ACTIVITIES
-208.2M
-23M
103.8M
2.3B
3.5B
2.3B
1.2B
1.3B
1.3B
1.4B
78.5M
0.0
534.5M
97.9M
451.5M
342.3M
488.2M
2.5M
215.2M
539.6M
146.5M
928.7M
1.2B
1.4B
1.3B
796.7M
1.3B
718.2M
602.4M
6.1M
200.8M
569.1M
-121.6M
397.3M
405.2M
-4M
-170.2M
179.5M
695.6M
391.2M
-911.5M
-898.6M
-847.5M
-757.7M
-656M
-533M
-451.2M
-385.8M
-321.8M
-262.8M
-243.1M
-228.3M
-195M
-154.3M
-136.5M
-100.5M
-118.9M
-126.1M
-102.6M
-87.6M
-208.2M
-50.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-14M
-148.3M
-206.8M
(0.0)
-14.4M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(1.1B)
(0.0)
(0.0)
-976.2M
-100.4M
261.7M
1.3B
1.8B
170.8M
880.5M
-23.3M
12.6M
125.1M
382.9M
-9.5M
514.1M
-21.2M
-244.4M
-4.2M
455K
-176K
19.8M
-1.9M
-1.9B
-93.3M
674.2M
4.2B
5.9B
2.8B
2.9B
1.6B
1.4B
1.1B
419.1M
331.3M
197.6M
314.9M
479.2M
237.9M
203.4M
298M
766.7M
841.2M
CASH FLOW SUMMARY
1.6M
-1.4M
-1.3M
-887K
-1.7M
311K
540K
-2.1M
1.7M
-1.5M
-255K
-2.5M
-2.2M
139K
-5.2M
0.0
0.0
0.0
0.0
0.0
-6.1M
-100.9M
-197.2M
442.7M
-182.5M
355M
-29.4M
-5.1M
129.3M
-66K
39.1M
28.3M
-83.3M
62.4M
-12.7M
20.6M
-533K
63.1M
5.1M
-963K
559.8M
660.8M
858M
415.2M
597.7M
242.7M
272.1M
277.2M
125M
125.1M
86M
57.7M
141M
78.5M
91.2M
70.6M
71.2M
8M
2.9M
3.9M
553.8M
559.8M
660.8M
858M
415.2M
597.7M
242.7M
272.1M
254.4M
125M
125.1M
86M
57.7M
141M
78.5M
91.2M
70.6M
71.2M
8M
2.9M
1.4B
1.5B
1.6B
1.3B
-6.3B
882.5M
683.9M
-1.4B
-1.1B
-1B
-340.7M
-209.8M
-248.8M
-249.5M
-488.1M
-497.8M
-240.2M
-316.1M
-764.6M
-849.9M

SEC Filings

ARE - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 14, 2026
May 13, 2026
2026
8-K

8-K 2026

N/A

April 27, 2026
April 27, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 27, 2026
March 31, 2026
2026
DEF 14A

DEF 14A 2025

N/A

April 01, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 31, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

February 25, 2026
February 25, 2026
2026
8-K

8-K 2026

N/A

February 12, 2026
February 10, 2026
2026
8-K

8-K 2026

N/A

January 26, 2026
January 26, 2026
2026
10-K

10-K 2025 FY

FY

January 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

January 12, 2026
January 09, 2026
2026
Showing 1 to 10 of 498 filings