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Alexandria Real Estate Equities ARE Other Operating Segment — Rental operations

Other segment segments

Reportable Segment, Aggregation before Other Operating Segment
$212.66M+0.1%

Similar metrics at other companies

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STWDProperty Segment — Costs of rental operations
$7.25M+22.3%
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STWDInfrastructure Lending Segment — Costs of rental operations
$0
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STWDInvesting and Servicing Segment — Costs of rental operations
$2.9M-20.2%
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STWDCommercial and Residential Lending Segment — Costs of rental operations
$16.16M+226%
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EPRExperiential Reportable Operating Segment — Property operating expense
$15.09M+4.6%
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EPREducation Reportable Operating Segment — Property operating expense
$0-100%

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:DirectCostsOfLeasedAndRentedPropertyOrEquipment.

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 itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Consolidated total revenues$671,022$758,158
Reconciliation of reportable segment total rental operating expenses to consolidated rental operations:
Reportable segment total rental operating expenses$(212,658)$(212,436)
All other rental operating expenses(11,484)(13,959)
Consolidated rental operations$(224,142)$(226,395)
Reconciliation of reportable segment net operating income to consolidated net losses:
Reportable segment net operating income (reportable segment profit or loss)$413,136$493,290
All other revenues45,22852,432

ITEM 1. FINANCIAL STATEMENTS (UNAUDITED)

FAQ

What is Alexandria Real Estate Equities's other operating segment — rental operations?
Alexandria Real Estate Equities (ARE) reported other operating segment — rental operations of $11.48M in Q1 2026.
How has Alexandria Real Estate Equities's other operating segment — rental operations changed year-over-year?
Alexandria Real Estate Equities's other operating segment — rental operations decreased by 17.7% year-over-year, from $13.96M to $11.48M.
What is the long-term trend for Alexandria Real Estate Equities's other operating segment — rental operations?
Over 3 years (2022 to 2025), Alexandria Real Estate Equities's other operating segment — rental operations has grown at a -15.1% compound annual growth rate (CAGR), from $87.93M to $53.77M.
What does other operating segment — rental operations mean?
This metric measures the specific revenue or operational income derived from leasing activities within the company's secondary operating segments. It reflects the performance of property management and rental income generation for assets not classified under the primary core portfolio. This is a key indicator of the profitability and occupancy health of these specific secondary assets.

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