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Companies / Real Estate / Alexandria Real Estate Equities
ARE

Alexandria Real Estate Equities

Real EstateREITsS&P 500
Ticker AREPASADENA, CAFiscal year ends DecemberBook value per share $86.75Diluted shares 170.7M

Alexandria Real Estate Equities, Inc. (NYSE: ARE) is a real estate investment trust that owns, operates, and develops laboratory and other properties for the life science and technology sectors. Its tenants include pharmaceutical and biotechnology companies, life science product and service providers, medical device… From the company’s description.

In fiscal 2025, Alexandria Real Estate Equities reported revenue of $3.03B, down 2.9% from fiscal 2024, and a net loss of $1.22B. Its operating margin was −51.8%, and operations generated $1.41B in cash. Over the twelve months to Sep 30, 2026, revenue was $2.76B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$3.03BFY2025
−2.9% year over year
Last 12 mo $2.76B
-51.75%FY2025
−71.4 percentage points
Last 12 mo -75.83%
$-1.22BFY2025
−338.2% year over year
Last 12 mo $-1.23B
5.00%FY2025
+1.9 percentage points
Last 12 mo -9.66%
Cash & financing
$1.41BFY2025
−6.0% year over year
Last 12 mo $1.19B
$1.41BFY2025
−6.0% year over year
Last 12 mo $1.19B
0.80FY2025
Was 0.68× a year earlier
Last 12 mo 0.87
170.3MFY2025
−1.0% year over year
Last 12 mo 170.7M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Alexandria Real Estate Equities does

In the company’s own words

Alexandria Real Estate Equities, Inc. (NYSE: ARE) is a real estate investment trust that owns, operates, and develops laboratory and other properties for the life science and technology sectors. Its tenants include pharmaceutical and biotechnology companies, life science product and service providers, medical device and digital health businesses, academic and medical research institutions, government research agencies, nonprofits, and venture capital firms. The company also provides strategic capital to life science companies through its venture capital platform. Its operating segments are geographic markets: Greater Boston, San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, New York City, and Texas. As of December 31, 2025, Alexandria had 340 properties in North America, with approximately 39.4 million rentable square feet of operating properties and new Class A/A+ development and redevelopment properties under construction. It had 514 employees at year-end. Founded in 1994, the company pioneered the life science real estate niche and developed the Alexandria Center, Alexandria Technology Square, Alexandria Technology Center, Alexandria Innovation Center, and Alexandria Summit brands. Its website is www.are.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
PASADENA, CA
Fiscal year end
December
CIK
1035443
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-1.67B$-364.62M$940.76M$2.25B$3.55B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Alexandria Real Estate Equities — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

453
funds hold it
0 of 35
superinvestors hold it
$3.00B
held by funds, at market
35.3%
of shares held by funds
23
bond issues held by funds

Largest fund holders · Alexandria Real Estate Equities’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.11%of fund net assets
Invesco S&P 500 Equal Weight ETF
RSP · Invesco Exchange-Traded Fund Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Alexandria Real Estate Equities’s bonds, as funds hold them

Funds report holding 23 issues of Alexandria Real Estate Equities’s debt, $1.66B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.86%, maturing 2026 to 2054.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Alexandria Real Estate Equities and its peers compare on margins and cash generation over ten years?”
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