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Alexandria Real Estate Equities ARE Other Operating Segment — Investment in real estate

Other segment segments

Reportable Segment, Aggregation before Other Operating Segment
$27.66B-9.0%

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FCPTReal Estate Operations — Real Estate Investment Property Net
$2.68B+9.1%
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JOEResidential Real Estate — Real Estate Investment Property Net
$147.67M-9.7%
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GNLOffice — Total investments in real estate, net
$796.19M-25.2%
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GNLRetail — Total investments in real estate, net
$1.1B-9.0%
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FCPTRestaurant Operations — Real Estate Investment Property Net
$14.43M-3.1%
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GNLIndustrial & Distribution — Total investments in real estate, net
$1.71B-18.2%

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$8.62B-31.6%
Enterprise value$8.56B-31.2%
P/S2.9×-1.1×

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:RealEstateInvestmentPropertyNet.

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
Reconciliation of reportable segment assets to consolidated investments in real estate assets:
Reportable segment investments in real estate$27,660,991$27,510,082
All other investments in real estate1,169,1251,179,914
Consolidated investments in real estate$28,830,116$28,689,996

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Alexandria Real Estate Equities's other operating segment — investment in real estate?
Alexandria Real Estate Equities (ARE) reported other operating segment — investment in real estate of $1.17B in Q1 2026.
How has Alexandria Real Estate Equities's other operating segment — investment in real estate changed year-over-year?
Alexandria Real Estate Equities's other operating segment — investment in real estate decreased by 31.9% year-over-year, from $1.72B to $1.17B.
What does other operating segment — investment in real estate mean?
This metric represents the total capital deployed or the book value of real estate assets held within the company's secondary operating segments. It quantifies the asset base supporting these non-core business activities and reflects the company's long-term capital allocation strategy toward these specific markets or property types. Tracking this helps evaluate the scale of the asset footprint outside the primary business focus.

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