ARE
Alexandria Real Estate Equities Inc
NYSE: ARE · REAL ESTATE · REIT - OFFICE
$41.05
+1.58% today
Updated 2026-04-29
Market cap
$7.15B
P/E ratio
—
P/S ratio
2.44x
EPS (TTM)
$-6.27
Dividend yield
10.10%
52W range
$39 – $84
Volume
2.5M
Alexandria Real Estate Equities Inc (ARE) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $245.45M | $316.97M | $-78.79M | $491.39M | $487.30M | $510.04M | $586.07M | $631.15M | $726.88M | $819.55M | $897.89M | $1.12B | $1.33B | $1.53B | $1.89B | $2.11B | $2.58B | $2.84B | $3.05B | $2.97B |
| Revenue growth (YoY) | — | +29.1% | -124.9% | +723.7% | -0.8% | +4.7% | +14.9% | +7.7% | +15.2% | +12.8% | +9.6% | +25.2% | +18.0% | +15.4% | +23.1% | +12.1% | +21.8% | +10.3% | +7.3% | -2.6% |
| Cost of revenue | $171.19M | $99.21M | $114.54M | $120.49M | $132.28M | $168.63M | $174.52M | $189.04M | $219.16M | $261.23M | $278.41M | $325.61M | $381.12M | $445.49M | $530.22M | $623.55M | $783.15M | $859.18M | $909.26M | $922.61M |
| Gross profit | $245.45M | $217.76M | $-193.33M | $370.90M | $355.02M | $341.41M | $411.55M | $442.11M | $507.71M | $558.32M | $619.49M | $798.90M | $946.34M | $1.09B | $1.36B | $1.49B | $1.79B | $1.98B | $2.14B | $2.05B |
| Gross margin | 100.0% | 68.7% | 245.4% | 75.5% | 72.9% | 66.9% | 70.2% | 70.0% | 69.8% | 68.1% | 69.0% | 71.0% | 71.3% | 70.9% | 71.9% | 70.5% | 69.6% | 69.8% | 70.2% | 68.9% |
| R&D | — | — | — | — | — | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $26.07M | $32.46M | $34.80M | $156.78M | $166.67M | $209.79M | $47.80M | $48.52M | $53.53M | $59.62M | $63.88M | $75.01M | $90.41M | $108.82M | $133.34M | $151.46M | $177.28M | $199.35M | $168.36M | $117.05M |
| Operating income | $144.79M | $182.11M | $201.66M | $215.87M | $204.94M | $194.82M | $103.42M | $130.95M | $180.87M | $136.58M | $41.05M | $180.72M | $422.25M | $442.50M | $532.12M | $530.33M | $613.46M | $690.45M | $769.70M | $-1.20B |
| Operating margin | 59.0% | 57.5% | -255.9% | 43.9% | 42.1% | 38.2% | 17.6% | 20.7% | 24.9% | 16.7% | 4.6% | 16.1% | 31.8% | 28.9% | 28.2% | 25.1% | 23.8% | 24.3% | 25.2% | -40.5% |
| EBITDA | $223.31M | $274.55M | $311.84M | $323.36M | $205.82M | $293.76M | $290.30M | $323.65M | $323.24M | $407.45M | $263.50M | $610.88M | $899.91M | $987.12M | $1.23B | $1.35B | $1.77B | $1.45B | $1.90B | $360.45M |
| EBITDA margin | 91.0% | 86.6% | -395.8% | 65.8% | 42.2% | 57.6% | 49.5% | 51.3% | 44.5% | 49.7% | 29.3% | 54.3% | 67.8% | 64.5% | 65.2% | 63.9% | 68.6% | 51.0% | 62.3% | 12.1% |
| EBIT | $145.63M | $179.28M | $203.61M | $206.45M | $79.29M | $136.24M | $101.45M | $134.53M | $99.14M | $146.16M | $-392.18M | $-276.95M | $422.25M | $442.50M | $532.12M | $530.33M | $764.90M | $355.20M | $696.57M | $-990.03M |
| Interest expense | $71.37M | $88.39M | $78.79M | $81.27M | $69.64M | $63.41M | $69.18M | $67.95M | $79.30M | $105.81M | $106.95M | $128.65M | $157.50M | $173.68M | $171.61M | $142.16M | $94.20M | $74.20M | $185.84M | $226.70M |
| Income tax | $-73.42M | $-93.72M | $-122.87M | $-134.60M | $-135.29M | $-131.42M | $-10.22M | $3.13M | $3.97M | $1.94M | $16.10M | $25.11M | $-114.55M | $224.69M | $235.97M | $237.46M | $94.20M | $-188.55M | — | — |
| Effective tax rate | — | — | 1869.9% | — | — | — | -11.1% | 2.2% | 3.8% | 1.3% | -32.3% | 12.9% | -43.3% | 38.2% | 23.4% | 29.4% | 15.3% | 222.1% | 0.0% | 0.0% |
| Net income | $73.42M | $93.72M | $116.30M | $134.60M | $135.29M | $131.42M | $102.13M | $136.22M | $101.57M | $144.22M | $-65.90M | $169.09M | $379.31M | $363.17M | $770.96M | $571.25M | $521.66M | $103.64M | $322.95M | $-1.43B |
| Net income growth (YoY) | — | +27.7% | +24.1% | +15.7% | +0.5% | -2.9% | -22.3% | +33.4% | -25.4% | +42.0% | -145.7% | +356.6% | +124.3% | -4.3% | +112.3% | -25.9% | -8.7% | -80.1% | +211.6% | -543.0% |
| Profit margin | 29.9% | 29.6% | -147.6% | 27.4% | 27.8% | 25.8% | 17.4% | 21.6% | 14.0% | 17.6% | -7.3% | 15.0% | 28.6% | 23.7% | 40.9% | 27.0% | 20.3% | 3.6% | 10.6% | -48.2% |