Alexandria Real Estate Equities

Real Estate Office REITs Pasadena, California Last filing Jan 26, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

20 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$549.1M	$552.1M	$618.2M	$825.2M	$361.3M
BS Assets Accts Receivable	$6.7M	$6.4M	$8.2M	$7.6M	$7.4M
BS Assets Prepaid Expenses	$33.7M	$33.6M	$31.0M	$28.3M	$24.8M
BS Assets Other Current Assets	$1.7B	$1.7B	$1.4B	$1.6B	$1.7B
BS Assets PPE	$70.3M	$39.6M	$26.6M	$23.2M	$26.4M
BS Assets Op Lease ROU	$697.9M	$764.5M	$516.5M	$558.3M	$474.3M
BS Assets LT Investments	$357.4M	$186.2M	$75.5M	$65.5M	$71.6M
BS Assets Other Noncurrent	$1.7B	$1.7B	$1.4B	$1.6B	$1.7B
BS Assets Total	$34.1B	$37.5B	$36.8B	$35.5B	$30.2B
BS Liab Op Lease Current	$360.5M	$507.1M	$382.9M	$406.7M	—
BS Liab Total Current	$14.9B	$15.1B	$14.1B	$12.8B	$11.2B
BS Liab Long Term Debt	$39.4M	$49.1M	$30.9M	$31.7M	$19.3M
BS Liab Op Lease Noncurrent	$360.5M	$507.1M	$382.9M	$406.7M	—
BS Liab Total	$14.9B	$15.1B	$14.1B	$12.8B	$11.2B
BS Equity Common Stock	$1.7M	$1.7M	$1.7M	$1.7M	$1.6M
BS Equity APIC	$15.5B	$17.9B	$18.5B	$19.0B	$16.2B
BS Equity AOCI	$-29.4M	$-46.3M	$-15.9M	$-20.8M	$-7.3M
BS Equity NCI	$3.6B	$4.5B	$4.1B	$3.7B	$2.8B
BS Equity Total	$15.5B	$17.9B	$18.5B	$19.0B	$16.2B
BS Equity Total Liab and Equity	$34.1B	$37.5B	$36.8B	$35.5B	$30.2B

Income Statement

Revenue, expense, and profitability

15 accounts · 5 years

Revenue $2.9B

Operating income $2.9B

Net income $-1.4B

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$2.9B	$3.0B	$2.8B	$2.5B	$2.1B
IS Expense COGS	$4.8B	$2.7B	$2.7B	$2.1B	$1.9B
IS Expense SGA	$117.0M	$168.4M	$199.4M	$177.3M	$151.5M
IS Expense DA	$1.4B	$1.2B	$1.1B	$1.0B	$821.1M
IS Expense SBC	$41.1M	$59.6M	$82.9M	$57.7M	$48.7M
IS Expense Total Opex	$4.8B	$2.7B	$2.7B	$2.1B	$1.9B
IS Operating Income	$2.9B	$3.0B	$2.8B	$2.5B	$2.1B
IS Interest Expense	$226.7M	$185.8M	$74.2M	$94.2M	$142.2M
IS Other Nonop Inc Exp	$-56.3M	$-53.1M	$-195.4M	$-331.8M	$259.5M
IS net Income	$-1.4B	$322.9M	$103.6M	$521.7M	$571.2M
IS Comprehensive Income	$-1.4B	$292.6M	$108.6M	$508.1M	$570.6M
IS EPS Basic	$-8	$2	$1	$3	$4
IS EPS Diluted	$-8	$2	$1	$3	$4
IS Shares Basic	$170.3M	$172.1M	$170.9M	$161.7M	$146.9M
IS Shares Diluted	$170.3M	$172.1M	$170.9M	$161.7M	$147.5M

Cash Flow Statement

Operating, investing, and financing flows

19 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$-1.4B	$322.9M	$103.6M	$521.7M	$571.2M
CF Ops DA	$1.4B	$1.2B	$1.1B	$1.0B	$821.1M
CF Ops SBC	$41.1M	$59.6M	$82.9M	$57.7M	$48.7M
CF Ops Working Capital	$-117.8M	$-56.8M	$110.7M	$77.8M	$60.9M
CF Ops net Cash	$1.4B	$1.5B	$1.6B	$1.3B	$1.0B
CF Inv Purchase Investments	$238.8M	$236.4M	$189.5M	$242.9M	$408.6M
CF Inv Other	$7.4M	$-3.9M	$5.6M	$-156.0M	$161.7M
CF Inv net Cash	$362.1M	$-1.5B	$-2.5B	$-5.1B	$-7.1B
CF Fin Debt Issuance	$548.5M	$998.8M	$996.2M	$1.8B	$1.7B
CF Fin Debt Repayment	$154.2M	$32.0K	$30.0K	$934.0K	$18.0M
CF Fin Share Repurchases	$208.2M	$50.1M	$0	$0	—
CF Fin Dividends	$911.5M	$898.6M	$847.5M	$757.7M	$656.0M
CF Fin Stock Issuance	$0	$27.1M	$103.8M	$2.3B	$3.5B
CF Fin Tax Withholding	$24.4M	$62.4M	$24.6M	$47.3M	$34.3M
CF Fin net Cash	$-1.8B	$-93.3M	$674.2M	$4.2B	$5.9B
CF FX Effect	$1.6M	$-1.4M	$-1.3M	$-887.0K	$-1.7M
CF net Change	$-6.1M	$-100.9M	$-197.2M	$442.7M	$-182.5M
CF Cash Begin	$553.8M	$559.8M	$660.8M	$858.0M	$415.2M
CF Cash End	$553.8M	$559.8M	$660.8M	$858.0M	$415.2M

Stock Data

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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