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Alexandria Real Estate Equities ARE North America — Gross investments in real estate

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GNLEurope — Investments in real estate, gross:
$504.65M-15.6%
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$4.6B-15.2%
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LTCReal Estate Investments Portfolio — Real Estate Investment Property At Cost
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LTCNorth Carolina And South Carolina — Real Estate Investment Property At Cost
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LTCAll Other States — Real Estate Investment Property At Cost
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JOEResidential Real Estate — Real Estate Investment Property At Cost
$6.64M-35.2%

Other financials

Income statement

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Revenue$671.0M-11.5%
Net income$361.7M+4,146%
EPS (diluted)$2.10+3,100%

Balance sheet

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Cash & equivalents$418.7M-12.1%
Total debt$358.6M-3.4%
Total equity$15.7B-9.9%
Total assets$34.2B-9.1%

Cash flow

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Operating cash flow$196.6M-5.4%
CapEx$137.6M-6.4%
Free cash flow$59.0M-3.1%

Valuation

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Market cap$8.56B-30.2%
Enterprise value$8.5B-29.8%
P/S2.9×-1.0×

Profitability

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Net margin-36%-42.7pp
FCF margin36.5%+1.8pp

Returns & leverage

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Return on equity-6.4%-7.5pp
Debt / equity0.0×

Where this comes from

Reported directly by Alexandria Real Estate Equities in its filing.

Tagged under the XBRL concept us-gaap:RealEstateInvestmentPropertyAtCost.

The source filing: Alexandria Real Estate Equities’s 10-Q, filed April 27, 2026.

Filed
Apr 27, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001035443-26-000042
Line itemMarch 31, 2026December 31, 2025
Buildings and building improvements19,607,11619,738,825
Other improvements4,465,6304,371,720
Rental properties27,711,96527,315,024
Current and future development and redevelopment projects6,857,5696,788,464
Gross investments in real estate34,569,53434,103,488
Less: accumulated depreciation(6,232,579)(5,970,171)
Investments in real estate assets held for sale, less accumulated depreciation(1)493,161556,679
Investments in real estate$28,830,116$28,689,996

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Alexandria Real Estate Equities's north america — gross investments in real estate?
Alexandria Real Estate Equities (ARE) reported north america — gross investments in real estate of $34.57B in Q1 2026.
How has Alexandria Real Estate Equities's north america — gross investments in real estate changed year-over-year?
Alexandria Real Estate Equities's north america — gross investments in real estate decreased by 8.2% year-over-year, from $37.67B to $34.57B.
What is the long-term trend for Alexandria Real Estate Equities's north america — gross investments in real estate?
Over 4 years (2021 to 2025), Alexandria Real Estate Equities's north america — gross investments in real estate has grown at a 9.0% compound annual growth rate (CAGR), from $104.05B to $146.82B.
What does north america — gross investments in real estate mean?
The total historical cost of all real estate assets in North America before accounting for accumulated depreciation. It represents the total capital deployed into the regional portfolio.

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