15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $3.0B | -$1.4B | 0.0% | 0.0% | — | $12.4B | $549M |
| 2024 | $3.1B | $323M | 0.0% | 0.0% | — | $12.2B | $552M |
| 2023 | $2.9B | $104M | 0.0% | 0.0% | — | $11.3B | $618M |
| 2022 | $2.6B | $522M | 0.0% | 0.0% | — | $10.2B | $825M |
| 2021 | $2.1B | $571M | 0.0% | 0.0% | — | $8.8B | $361M |
| 2020 | $1.9B | $771M | 0.0% | 0.0% | — | $7.6B | $569M |
| 2019 | $1.5B | $363M | 0.0% | 0.0% | — | $6.8B | $190M |
| 2018 | $1.3B | $379M | 0.0% | 0.0% | — | $5.5B | $234M |
| 2017 | $1.1B | $169M | 0.0% | 0.0% | — | $4.8B | $254M |
| 2016 | $922M | -$66M | 0.0% | 0.0% | — | $4.2B | $125M |
| 2015 | — | $144M | — | — | — | $4.0B | $125M |
| 2014 | — | $102M | — | — | — | $3.7B | $86M |
| 2013 | — | $136M | — | — | — | $3.1B | $58M |
| 2012 | — | $93M | — | — | — | $3.2B | $141M |
| 2011 | — | $113M | — | — | — | $2.8B | $79M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $671M | $362M | 0.0% | 0.0% | — | $12.5B | $419M |
| Dec '25 | $754M | -$1.1B | 0.0% | 0.0% | — | $12.4B | $549M |
| Sep '25 | $752M | -$233M | 0.0% | 0.0% | — | $13.6B | $579M |
| Jun '25 | $762M | -$107M | 0.0% | 0.0% | — | $13.3B | $521M |
| Mar '25 | $758M | -$9M | 0.0% | 0.0% | — | $13.1B | $476M |
| Dec '24 | $789M | -$62M | 0.0% | 0.0% | — | $12.2B | $552M |
| Sep '24 | $792M | $168M | 0.0% | 0.0% | — | $12.7B | $563M |
| Jun '24 | $767M | $47M | 0.0% | 0.0% | — | $12.4B | $561M |
| Mar '24 | $769M | $171M | 0.0% | 0.0% | — | $12.2B | $722M |
| Dec '23 | $757M | -$88M | 0.0% | 0.0% | — | $11.3B | $618M |
| Sep '23 | $714M | $24M | 0.0% | 0.0% | — | $11.2B | $532M |
| Jun '23 | $714M | $90M | 0.0% | 0.0% | — | $11.2B | $924M |
| Mar '23 | $701M | $78M | 0.0% | 0.0% | — | $11.5B | $1.3B |
| Dec '22 | $670M | $54M | 0.0% | 0.0% | — | $10.2B | $825M |
| Sep '22 | $660M | $345M | 0.0% | 0.0% | — | $10.5B | $534M |
| Jun '22 | $644M | $272M | 0.0% | 0.0% | — | $10.3B | $420M |
| Mar '22 | $615M | -$150M | 0.0% | 0.0% | — | $10.3B | $775M |
| Dec '21 | $577M | $75M | 0.0% | 0.0% | — | $8.8B | $361M |
| Sep '21 | $548M | $103M | 0.0% | 0.0% | — | $9.3B | $326M |
| Jun '21 | $510M | $385M | 0.0% | 0.0% | — | $8.8B | $324M |
How the market has priced ARE against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Alexandria Real Estate Equities's revenue has grown 9.9% per year. These are computed facts, not advice.
As of FY2025, Alexandria Real Estate Equities reported $12.4B of total debt against $549M of cash.
In FY2025, gross margin was —, operating margin —, and net margin -47.2%.
As of Jun '26, Alexandria Real Estate Equities traded at a price-to-earnings ratio of about 29.0× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.