Alexandria Real Estate Equities, Inc. (ARE) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Assets | 34.17B | 34.08B | 37.38B | 37.62B | 37.6B | 37.53B | 38.49B | 37.85B | 37.7B | 36.77B | 36.78B | 36.66B | 36.91B | 35.52B | 34.37B | 33.24B | 32.84B | 30.22B | 28.56B | 27.02B |
| Asset Growth % | -9.13% | -9.18% | -2.89% | -0.59% | -0.26% | 2.06% | 4.63% | 3.24% | 2.13% | 3.51% | 7.03% | 10.27% | 12.39% | 17.55% | 20.34% | 23.04% | 30.16% | 32.38% | 30.34% | 34.63% |
| Real Estate & Other Assets | 3.4B | 30.51B | 33.71B | 33.82B | 33.74B | 33.67B | 34.51B | 34.15B | 33.73B | 33.35B | 33.42B | 32.85B | 32.55B | 31.55B | 30.34B | 29.49B | 28.59B | 26.34B | 24.33B | 22.91B |
| PP&E (Net) | 28.83B | 1.1B | 1.14B | 1.16B | 1.2B | 1.25B | 1.33B | 1.08B | 1.11B | 1.15B | 1.2B | 1.23B | 1.32B | 1.35B | 1.37B | 1.43B | 1.47B | 1.26B | 1.21B | 1.17B |
| Investment Securities | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 430.75M | 939.78M | 945.23M | 868.13M | 857.44M | 783.64M | 715.74M | 679.38M | 877.31M | 781.75M | 700.82M | 1.05B | 1.43B | 973.91M | 991.13M | 635.31M | 1.08B | 707.23M | 650.98M | 612.19M |
| Cash & Equivalents | 418.72M | 549.06M | 579.47M | 520.54M | 476.43M | 552.15M | 562.61M | 561.02M | 722.18M | 618.19M | 532.39M | 924.37M | 1.26B | 825.19M | 533.82M | 420.26M | 775.06M | 361.35M | 325.87M | 323.88M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 4.67M | 4.69M | 4.71M | 7.4M | 7.32M | 7.7M | 17.03M | 4.83M | 9.52M | 42.58M | 35.32M | 35.92M | 34.93M | 32.78M | 332.34M | 97.4M | 95.11M | 53.88M | 42.18M | 33.7M |
| Intangible Assets | 0 | 0 | 0 | 255.17M | 280.42M | 305.14M | 373.84M | 398.03M | 426.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 14.81B | 14.93B | 16.26B | 15.88B | 15.6B | 15.13B | 15.78B | 15.18B | 14.94B | 14.15B | 14.07B | 13.89B | 14.23B | 12.84B | 13.11B | 12.78B | 12.66B | 11.19B | 11.59B | 10.84B |
| Total Debt | 12.52B | 12.76B | 13.96B | 13.66B | 13.46B | 12.75B | 13.34B | 12.8B | 12.6B | 11.7B | 11.59B | 11.57B | 11.94B | 10.57B | 10.93B | 10.68B | 10.71B | 9.23B | 9.64B | 9.21B |
| Net Debt | 12.1B | 12.21B | 13.38B | 13.14B | 12.99B | 12.2B | 12.78B | 12.24B | 11.88B | 11.08B | 11.06B | 10.65B | 10.68B | 9.74B | 10.4B | 10.26B | 9.93B | 8.87B | 9.31B | 8.89B |
| Long-Term Debt | 11.17B | 12.05B | 12.04B | 12.2B | 12.79B | 12.24B | 12.24B | 12.22B | 12.22B | 11.22B | 11.2B | 11.18B | 11.16B | 10.16B | 10.14B | 10.12B | 10.3B | 8.52B | 8.51B | 8.54B |
| Short-Term Borrowings | 1.35B | 353.16M | 1.55B | 1.1B | 299.88M | 0 | 454.59M | 199.55M | 32K | 99.95M | 0 | 0 | 374.54M | 0 | 386.67M | 149.96M | 0 | 269.99M | 749.98M | 299.99M |
| Capital Lease Obligations | 0 | 360.54M | 361.99M | 363.42M | 371.41M | 507.13M | 648.34M | 379.22M | 381.58M | 382.88M | 384.96M | 386.55M | 405.19M | 406.7M | 409.03M | 412.54M | 405.82M | 434.75M | 371.54M | 371.9M |
| Total Current Liabilities | 3.64B | 2.18B | 3.48B | 2.95B | 2.05B | 1.96B | 2.39B | 2.06B | 1.86B | 2B | 1.94B | 1.75B | 2.08B | 1.67B | 2.02B | 1.68B | 1.39B | 1.73B | 2.19B | 1.43B |
| Accounts Payable | 2.15B | 510.58M | 514.91M | 406.96M | 382.96M | 534.8M | 469.97M | 434.67M | 432.3M | 524.44M | 516.41M | 366.36M | 354.87M | 389.74M | 458.76M | 428.5M | 389.08M | 513.42M | 558.07M | 305.57M |
| Deferred Revenue | 0 | 876.25M | 876.85M | 890.69M | 733.39M | 691.87M | 651.81M | 583.63M | 561.79M | 548.53M | 503.13M | 500.95M | 461.79M | 449.62M | 373.94M | 344.35M | 345.01M | 326.92M | 299.09M | 290.78M |
| Other Liabilities | 0 | 334.86M | 372.69M | 371.48M | 393.33M | 419.66M | 509.69M | 519.36M | 484.71M | 548.76M | 541.73M | 573.36M | 576.61M | 600.76M | 545.62M | 566.43M | 566.51M | 496.46M | 508.76M | 498.14M |
| Total Equity | 19.35B | 19.16B | 21.12B | 21.74B | 22B | 22.4B | 22.7B | 22.67B | 22.76B | 22.62B | 22.71B | 22.77B | 22.69B | 22.68B | 21.26B | 20.46B | 20.18B | 19.03B | 16.97B | 16.18B |
| Equity Growth % | -12.02% | -14.47% | -6.98% | -4.09% | -3.32% | -0.99% | -0.04% | -0.44% | 0.3% | -0.27% | 6.86% | 11.27% | 12.42% | 19.18% | 25.24% | 26.45% | 36.52% | 41.58% | 37.59% | 46.19% |
| Shareholders Equity | 15.73B | 15.47B | 16.64B | 17.18B | 17.46B | 17.89B | 18.22B | 18.26B | 18.41B | 18.47B | 18.63B | 18.8B | 18.88B | 18.97B | 17.62B | 17.14B | 16.93B | 16.19B | 14.72B | 14.19B |
| Minority Interest | 3.62B | 3.69B | 4.48B | 4.56B | 4.53B | 4.51B | 4.49B | 4.41B | 4.34B | 4.15B | 4.08B | 3.97B | 3.8B | 3.71B | 3.64B | 3.32B | 3.25B | 2.84B | 2.25B | 1.99B |
| Common Stock | 1.71M | 1.71M | 1.7M | 1.7M | 1.7M | 1.72M | 1.72M | 1.72M | 1.72M | 1.72M | 1.71M | 1.71M | 1.71M | 1.71M | 1.63M | 1.61M | 1.61M | 1.58M | 1.53M | 1.51M |
| Additional Paid-in Capital | 15.76B | 15.5B | 16.67B | 17.2B | 17.51B | 17.93B | 18.24B | 18.28B | 18.43B | 18.49B | 18.65B | 18.81B | 18.9B | 18.99B | 17.64B | 17.15B | 16.93B | 16.2B | 14.73B | 14.19B |
| Retained Earnings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Return on Assets (ROA) | 1.17% | -3.03% | -0.62% | -0.28% | -0.02% | -0.16% | 0.44% | 0.12% | 0.46% | -0.24% | 0.07% | 0.24% | 0.21% | 0.16% | 1.02% | 0.82% | -0.47% | 0.25% | 0.37% | 1.47% |
| Return on Equity (ROE) | 2.07% | -5.37% | -1.09% | -0.49% | -0.04% | -0.28% | 0.74% | 0.21% | 0.75% | -0.39% | 0.11% | 0.4% | 0.34% | 0.25% | 1.65% | 1.34% | -0.76% | 0.42% | 0.62% | 2.49% |
| Debt / Assets | 36.64% | 37.44% | 37.34% | 36.3% | 35.8% | 33.98% | 34.66% | 33.83% | 33.42% | 31.81% | 31.5% | 31.56% | 32.35% | 29.75% | 31.82% | 32.14% | 32.61% | 30.53% | 33.74% | 34.1% |
| Debt / Equity | 0.65x | 0.67x | 0.66x | 0.63x | 0.61x | 0.57x | 0.59x | 0.56x | 0.55x | 0.52x | 0.51x | 0.51x | 0.53x | 0.47x | 0.51x | 0.52x | 0.53x | 0.48x | 0.57x | 0.57x |
| Net Debt / EBITDA | 29.36x | - | 28.62x | 27.16x | 26.71x | 24.89x | 25.63x | 24.82x | 24.23x | 25.36x | 26.28x | 25.24x | 25.97x | 23.29x | 25.64x | 25.58x | 25.45x | 24.81x | 17.11x | 27.22x |
| Book Value per Share | 102.74 | 112.42 | 124.13 | 127.78 | 129.01 | 130.18 | 131.95 | 131.77 | 132.34 | 132.22 | 132.91 | 133.25 | 132.84 | 137.15 | 131.57 | 126.77 | 127.57 | 123.35 | 111.98 | 110.79 |