NYSE: ARE
ALEXANDRIA REAL ESTATE EQUITIES, INC.CIK 0001035443 · Real Estate · SIC 6798 · Real Estate Investment Trusts
We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax About this business →
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Latest financial statements
From 10-Q filed Aug 3, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 662.8 | 671.0 |
| Operating expenses: | ||
| General and administrative | 36.9 | 34.7 |
| Total operating expenses | 835.4 | 634.4 |
| Interest expense | 64.3 | 64.6 |
| Net income | (72.8) | 361.7 |
| Basic earnings per share | (0.43) | 2.10 |
| Diluted earnings per share | (0.43) | 2.10 |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Mar 31, 2026 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 470.4 | 418.7 |
| Accounts receivable, net | 7.7 | 7.4 |
| Property, plant and equipment, net | 76.5 | 79.9 |
| Operating lease right-of-use assets, net | 689.2 | 693.8 |
| TOTAL ASSETS | 34,632 | 34,167 |
| Current liabilities: | ||
| Long-term debt | 12,813 | 12,520 |
| Total liabilities | 15,457 | 14,804 |
| Redeemable preferred stock | 9.1 | 9.2 |
| Shareholders' equity: | ||
| Common stock | 1.7 | 1.7 |
| Capital in excess of stated value | 15,585 | 15,763 |
| Accumulated other comprehensive income (loss) | (33.0) | (30.9) |
| Total shareholders' equity | 15,554 | 15,734 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 34,632 | 34,167 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Q1 ended Mar 31, 2026 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 533.6 | 196.6 |
| Investing Activities: | ||
| Net cash from investing activities | (994.5) | (584.8) |
| Financing Activities: | ||
| Net cash from financing activities | 383.0 | 258.0 |
| Net increase/(decrease) in cash | (78.6) | (130.4) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗
About ALEXANDRIA REAL ESTATE EQUITIES, INC.
Source: Item 1 (Business) from the 10-K filed January 26, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
Overview
We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax
purposes. Alexandria Real Estate Equities, Inc. (NYSE: ARE), 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 in 1994, 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. As of December 31, 2025, Alexandria has a total market capitalization of
$20.75 billion and an asset base in North America that includes 35.9 million RSF of operating properties and 3.5 million RSF of
Class A/A+ properties undergoing construction.
We develop dynamic Megacampus ecosystems that enable and inspire the world’s most brilliant minds and innovative
companies to create life-changing scientific and technological innovations. We believe in the utmost professionalism, humility, and
teamwork. Our tenants include multinational pharmaceutical companies; public and private biotechnology companies; life science
product, service, and medical device companies; digital health, advanced technology, and agtech companies; academic and medical
research institutions; U.S. government research agencies; non-profit organizations; and venture capital firms. Alexandria has a
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longstanding and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative
Megacampus environments that enhance our tenants’ 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 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.
As of December 31, 2025, we had 340 properties in North America consisting of approximately 39.4 million RSF of
operating properties and new Class A/A+ development and redevelopment properties under construction, including 47 operating
properties and development projects that are held by consolidated real estate joint ventures and three properties that are held by
unconsolidated real estate joint ventures. The occupancy percentage of our operating properties in North America was 90.9% as of
December 31, 2025. The 10-year average occupancy percentage of our operating properties as of December 31, 2025 was 95%.
Investment-grade or publicly traded large cap tenants represented 53% of our total annual rental revenue in effect as of
December 31, 2025. Additional information regarding our consolidated and unconsolidated real estate joint ventures is included in
“Item 7. Management’s discussion and analysis of financial condition and results of operations” in this annual report on Form 10-K.
For information regarding risk factors that may affect us, refer to “