$52.72
+1.6%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.
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
Declining FCF warrants attention. Investigate whether due to temporary factors or fundamental deterioration.
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
ARE โข NYSE
| Alexandria Real Estate Equities, Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 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 |
ARE - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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