Alexandria Real Estate Equities (ARE) Stock Analysis
Real Estate · REIT - Office · NYSE
Alexandria Real Estate Equities (ARE) posted $3.03B in revenue for fiscal 2025 (down 2.9% year over year), with a net loss of $1.43B, and has compounded revenue about 9.9%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Alexandria Real Estate Equities
Alexandria Real Estate Equities has grown revenue from $921.71M to $3.03B over the last 10 fiscal years, compounding about 9.9% a year. The most recent year was down 2.9%, so growth has cooled from its longer-run pace.
Net margin sits at -47.2%, down 57.6 points year over year. It carries about $12.40B of total debt.
The one thing worth a second look in the filings is heavy debt load.
Synthesised from Alexandria Real Estate Equities's SEC filings — descriptive, not advice. Ask the analyst your own question →
Alexandria Real Estate Equities revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $921.71M | $1.13B | $1.33B | $1.53B | $1.89B | $2.11B | $2.59B | $2.89B | $3.12B | $3.03B |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $-65.90M | $169.09M | $379.31M | $363.17M | $770.96M | $571.25M | $521.66M | $103.64M | $322.95M | $-1.43B |
| Net margin | -7.1% | 15.0% | 28.6% | 23.7% | 40.9% | 27.0% | 20.1% | 3.6% | 10.4% | -47.2% |
Source: Alexandria Real Estate Equities SEC filings (10-K). 18 years of history available in the interactive view.
Alexandria Real Estate Equities: 2 potential red flags in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Heavy debt loadTotal debt of $12400.6M is 8.8× last year's operating cash flow — it would take years of cash flow to clear.
- Currently unprofitableThe latest fiscal year was a net loss (net margin -47.2%).
Explore 18 years of Alexandria Real Estate Equities financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Alexandria Real Estate Equities financial history by metric
Compare Alexandria Real Estate Equities with peers
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc., an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. Alexandria Real Estate Equities, Inc. is based in Pasadena, California and is established in January 05, 1994, and incorporated in Maryland.
Alexandria Real Estate Equities — frequently asked questions
What is Alexandria Real Estate Equities's revenue?
Alexandria Real Estate Equities (ARE) reported revenue of $3.03B for fiscal year 2025, down 2.9% from the prior year, according to its SEC filings.
Is Alexandria Real Estate Equities profitable?
No — ARE reported a net loss of $-1.43B in fiscal 2025.
What is ARE's P/E ratio?
Alexandria Real Estate Equities trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Alexandria Real Estate Equities growing?
ARE's revenue grew at roughly 9.9% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Alexandria Real Estate Equities have?
As of fiscal year 2025, ARE carried roughly $12.40B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Alexandria Real Estate Equities's market cap?
Alexandria Real Estate Equities (ARE) has a market capitalization of about $0, based on the latest data in our nightly-refreshed cache.
When does Alexandria Real Estate Equities's fiscal year end?
ARE's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Alexandria Real Estate Equities's official SEC filings (10-K and 10-Q), covering 18 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.