InsiderClue
Stocks · Real estate · Real Estate Investment Trusts

Alexandria Real Estate Equities

ARE Clue Score44
United States Fiscal year ends December CIK 0001035443
$45.51 -0.20% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $45.51 −76.28% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueNet income
Fiscal year 2016Revenue0.92Net income−0.07EPS, diluted−1.99Fiscal year 2017Revenue1.13 +22.4%Net income0.17EPS, diluted1.58Fiscal year 2018Revenue1.33 +17.7%Net income0.38 +124.3%EPS, diluted3.52 +122.8%Fiscal year 2019Revenue1.53 +15.4%Net income0.36 −4.3%EPS, diluted3.12 −11.4%Fiscal year 2020Revenue1.89 +23.1%Net income0.77 +112.3%EPS, diluted6.01 +92.6%Fiscal year 2021Revenue2.11 +12.1%Net income0.57 −25.9%EPS, diluted3.82 −36.4%Fiscal year 2022Revenue2.59 +22.5%Net income0.52 −8.7%EPS, diluted3.18 −16.8%Fiscal year 2023Revenue2.89 +11.5%Net income0.10 −80.1%EPS, diluted0.54 −83.0%Fiscal year 2024Revenue3.12 +8.0%Net income0.32 +211.6%EPS, diluted1.80 +233.3%Fiscal year 2025Revenue3.03 −2.9%Net income−1.43 −542.7%EPS, diluted−8.44 −568.9%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.92 1.13 1.33 1.53 1.89 2.11 2.59 2.89 3.12 3.03
Growth +22.4% +17.7% +15.4% +23.1% +12.1% +22.5% +11.5% +8.0% −2.9%
Net income −0.07 0.17 0.38 0.36 0.77 0.57 0.52 0.10 0.32 −1.43
Growth +124.3% −4.3% +112.3% −25.9% −8.7% −80.1% +211.6% −542.7%
EPS, diluted −1.99 1.58 3.52 3.12 6.01 3.82 3.18 0.54 1.80 −8.44
Growth +122.8% −11.4% +92.6% −36.4% −16.8% −83.0% +233.3% −568.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Net margin
Fiscal year 2016Net margin−7.1%Fiscal year 2017Net margin15.0%Fiscal year 2018Net margin28.6%Fiscal year 2019Net margin23.7%Fiscal year 2020Net margin40.9%Fiscal year 2021Net margin27.0%Fiscal year 2022Net margin20.1%Fiscal year 2023Net margin3.6%Fiscal year 2024Net margin10.4%Fiscal year 2025Net margin−47.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net margin −7.1% 15.0% 28.6% 23.7% 40.9% 27.0% 20.1% 3.6% 10.4% −47.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flow
Fiscal year 2016Operating cash flow0.39Dividends paid−0.24Fiscal year 2017Operating cash flow0.45Dividends paid−0.31Fiscal year 2018Operating cash flow0.57Dividends paid−0.38Fiscal year 2019Operating cash flow0.68Dividends paid−0.45Fiscal year 2020Operating cash flow0.88Dividends paid−0.53Fiscal year 2021Operating cash flow1.01Dividends paid−0.66Fiscal year 2022Operating cash flow1.29Buybacks0.00Dividends paid−0.76Fiscal year 2023Operating cash flow1.63Buybacks0.00Dividends paid−0.85Fiscal year 2024Operating cash flow1.50Buybacks−0.05Dividends paid−0.90Fiscal year 2025Operating cash flow1.41Buybacks−0.21Dividends paid−0.91
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.39 0.45 0.57 0.68 0.88 1.01 1.29 1.63 1.50 1.41
Buybacks n/a n/a n/a n/a n/a n/a 0.00 0.00 −0.05 −0.21
Dividends paid −0.24 −0.31 −0.38 −0.45 −0.53 −0.66 −0.76 −0.85 −0.90 −0.91

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash0.13Total debt4.16Net cash (debt)−4.04Shareholders’ equity4.90Debt to equity0.85Fiscal year 2017Cash0.25Total debt4.76Net cash (debt)−4.51Shareholders’ equity5.95Debt to equity0.80Fiscal year 2018Cash0.23Total debt5.48Net cash (debt)−5.24Shareholders’ equity7.34Debt to equity0.75Fiscal year 2019Cash0.19Total debt6.78Net cash (debt)−6.59Shareholders’ equity8.87Debt to equity0.76Fiscal year 2020Cash0.57Total debt7.56Net cash (debt)−6.99Shareholders’ equity11.73Debt to equity0.65Fiscal year 2021Cash0.36Total debt8.79Net cash (debt)−8.43Shareholders’ equity16.19Debt to equity0.54Fiscal year 2022Cash0.83Total debt10.16Net cash (debt)−9.33Shareholders’ equity18.97Debt to equity0.54Fiscal year 2023Cash0.62Total debt11.32Net cash (debt)−10.70Shareholders’ equity18.47Debt to equity0.61Fiscal year 2024Cash0.55Total debt12.24Net cash (debt)−11.69Shareholders’ equity17.89Debt to equity0.68Fiscal year 2025Cash0.55Total debt12.40Net cash (debt)−11.85Shareholders’ equity15.47Debt to equity0.80
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 0.13 0.25 0.23 0.19 0.57 0.36 0.83 0.62 0.55 0.55
Total debt 4.16 4.76 5.48 6.78 7.56 8.79 10.16 11.32 12.24 12.40
Net cash (debt) −4.04 −4.51 −5.24 −6.59 −6.99 −8.43 −9.33 −10.70 −11.69 −11.85
Shareholders’ equity 4.90 5.95 7.34 8.87 11.73 16.19 18.97 18.47 17.89 15.47
Debt to equity 0.85 0.80 0.75 0.76 0.65 0.54 0.54 0.61 0.68 0.80

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
−7.1% 15.0% 28.6% 23.7% 40.9% 27.0% 20.1% 3.6% 10.4% −47.2%
Spending
6.9% 6.6% 6.8% 7.1% 7.1% 7.2% 6.8% 6.9% 5.4% 3.9%
Returns
−1.3% 2.8% 5.2% 4.1% 6.6% 3.5% 2.7% 0.6% 1.8% −9.2%
−0.6% 1.4% 2.6% 2.0% 3.4% 1.9% 1.5% 0.3% 0.9% −4.2%
Balance and payout
0.85 0.80 0.75 0.76 0.65 0.54 0.54 0.61 0.68 0.80
48.0% 46.4% 45.4% 44.7% 41.1% 37.0% 36.1% 38.5% 40.3% 43.8%
n/a 184.6% 100.3% 123.1% 69.1% 114.8% 145.3% 817.7% 278.2% n/a