Alexandria Real Estate Equities, Inc. (ARE) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Revenue | 671.02M | 754.41M | 735.85M | 737.28M | 743.17M | 763.25M | 775.74M | 755.16M | 755.55M | 742.64M | 707.53M | 704.34M | 687.95M | 665.67M | 656.85M | 640.96M | 612.55M | 574.66M | 550.85M | 508.37M |
| Revenue Growth % | -9.71% | -1.16% | -5.14% | -2.37% | -1.64% | 2.78% | 9.64% | 7.22% | 9.83% | 11.56% | 7.72% | 9.89% | 12.31% | 15.84% | 19.24% | 26.08% | 27.96% | 24.56% | 1.37% | 16.64% |
| Property Operating Expenses | 224.14M | 232.54M | 239.23M | 224.43M | 226.4M | 240.43M | 233.26M | 217.25M | 218.31M | 222.73M | 217.69M | 211.83M | 206.93M | 204.35M | 201.19M | 196.28M | 181.33M | 175.72M | 166M | 143.96M |
| Net Operating Income (NOI) | 446.88M | 521.87M | 496.62M | 512.85M | 516.78M | 522.82M | 542.48M | 537.91M | 537.24M | 519.91M | 489.84M | 492.5M | 481.02M | 461.32M | 455.66M | 444.68M | 431.23M | 398.94M | 384.86M | 364.42M |
| NOI Margin % | 66.6% | 69.18% | 67.49% | 69.56% | 69.54% | 68.5% | 69.93% | 71.23% | 71.11% | 70.01% | 69.23% | 69.92% | 69.92% | 69.3% | 69.37% | 69.38% | 70.4% | 69.42% | 69.87% | 71.68% |
| Operating Expenses | 340.13M | 2.13B | 369.45M | 375.25M | 372.74M | 362.84M | 337.94M | 335.35M | 334.61M | 344.54M | 315.36M | 319.44M | 313.5M | 307.47M | 304.89M | 285.48M | 281.59M | 280.91M | 37.93M | 227.93M |
| G&A Expenses | 34.69M | 28.02M | 29.22M | 29.13M | 30.68M | 32.73M | 43.95M | 44.63M | 47.05M | 59.29M | 45.99M | 45.88M | 48.2M | 42.99M | 49.96M | 43.4M | 40.93M | 41.65M | 37.93M | 37.88M |
| EBITDA | 412.19M | -1.29B | 467.39M | 483.72M | 486.11M | 490.09M | 498.53M | 493.28M | 490.18M | 436.94M | 420.63M | 421.83M | 411.18M | 418.33M | 405.71M | 401.28M | 390.3M | 357.29M | 544.1M | 326.54M |
| EBITDA Margin % | 61.43% | -170.86% | 63.52% | 65.61% | 65.41% | 64.21% | 64.27% | 65.32% | 64.88% | 58.84% | 59.45% | 59.89% | 59.77% | 62.84% | 61.77% | 62.61% | 63.72% | 62.17% | 98.77% | 64.23% |
| Depreciation & Amortization | 305.44M | 322.06M | 340.23M | 346.12M | 342.06M | 330.11M | 294M | 290.72M | 287.55M | 261.56M | 246.15M | 248.77M | 243.67M | 264.48M | 254.93M | 242.08M | 240.66M | 239.25M | 197.18M | 190.05M |
| D&A / Revenue % | 45.52% | 42.69% | 46.24% | 46.95% | 46.03% | 43.25% | 37.9% | 38.5% | 38.06% | 35.22% | 34.79% | 35.32% | 35.42% | 39.73% | 38.81% | 37.77% | 39.29% | 41.63% | 35.8% | 37.38% |
| Operating Income | 106.75M | -1.61B | 127.16M | 137.59M | 144.04M | 159.98M | 204.54M | 202.56M | 202.63M | 175.38M | 174.49M | 173.07M | 167.52M | 153.85M | 150.78M | 159.2M | 149.64M | 118.03M | 346.92M | 136.48M |
| Operating Margin % | 15.91% | -213.55% | 17.28% | 18.66% | 19.38% | 20.96% | 26.37% | 26.82% | 26.82% | 23.62% | 24.66% | 24.57% | 24.35% | 23.11% | 22.95% | 24.84% | 24.43% | 20.54% | 62.98% | 26.85% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.65x | -14.16x | -2.61x | -0.12x | 1.76x | 0.71x | 5.90x | 3.05x | 6.37x | -0.33x | 6.98x | 8.83x | 9.85x | 6.44x | 17.68x | 13.75x | -2.99x | 3.86x | 3.81x | 12.51x |
| Non-Operating Income | -64.6M | -681.39M | 270.15M | 144.49M | 54.51M | 120.42M | -52.62M | 62.72M | -57.39M | 186.07M | 94.82M | 22.29M | 32.07M | 41.06M | -255.65M | -174.44M | 237.59M | -16.63M | 210.84M | -303.19M |
| Pretax Income | 171.35M | -995.35M | -197.84M | -62.19M | 38.66M | -16.09M | 213.6M | 94.05M | 219.18M | -42.66M | 68.25M | 133.71M | 121.69M | 95.27M | 383.44M | 309.38M | -117.39M | 99.8M | 124.43M | 404.52M |
| Pretax Margin % | 25.54% | -131.94% | -26.89% | -8.43% | 5.2% | -2.11% | 27.54% | 12.45% | 29.01% | -5.74% | 9.65% | 18.98% | 17.69% | 14.31% | 58.38% | 48.27% | -19.16% | 17.37% | 22.59% | 79.57% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | 398.38M | -1.08B | -232.75M | -107M | -8.94M | -62.24M | 167.95M | 46.7M | 170.54M | -88.43M | 24.27M | 89.94M | 77.86M | 54.32M | 344.7M | 272.21M | -149.57M | 74.89M | 103.15M | 385.08M |
| Net Margin % | 59.37% | -143.4% | -31.63% | -14.51% | -1.2% | -8.16% | 21.65% | 6.18% | 22.57% | -11.91% | 3.43% | 12.77% | 11.32% | 8.16% | 52.48% | 42.47% | -24.42% | 13.03% | 18.73% | 75.75% |
| Net Income Growth % | 4556.62% | -1638.04% | -238.59% | -329.12% | -105.24% | 29.61% | 592.02% | -48.07% | 119.03% | -262.8% | -92.96% | -66.96% | 152.06% | -27.47% | 234.18% | -29.31% | -1941.76% | -83.04% | 27.25% | 67.68% |
| Funds From Operations (FFO) | 703.82M | -759.78M | 107.48M | 239.12M | 333.12M | 267.86M | 461.94M | 337.42M | 458.1M | 173.13M | 270.42M | 338.7M | 321.53M | 318.8M | 599.63M | 514.29M | 91.09M | 314.15M | 300.32M | 575.14M |
| FFO Margin % | 104.89% | -100.71% | 14.61% | 32.43% | 44.82% | 35.1% | 59.55% | 44.68% | 60.63% | 23.31% | 38.22% | 48.09% | 46.74% | 47.89% | 91.29% | 80.24% | 14.87% | 54.67% | 54.52% | 113.13% |
| FFO Growth % | 111.28% | -383.64% | -76.73% | -29.13% | -27.28% | 54.72% | 70.83% | -0.38% | 42.48% | -45.69% | -54.9% | -34.14% | 252.98% | 1.48% | 99.66% | -10.58% | -51.81% | -49.27% | 16.46% | 44.62% |
| FFO per Share | 3.74 | -4.46 | 0.63 | 1.41 | 1.95 | 1.56 | 2.68 | 1.96 | 2.66 | 1.01 | 1.58 | 1.98 | 1.88 | 1.93 | 3.71 | 3.19 | 0.58 | 2.04 | 1.98 | 3.94 |
| FFO Payout Ratio % | 0% | -29.88% | 211.4% | 95.03% | 69.04% | 84.82% | 49.23% | 65.83% | 48.42% | 123.86% | 79.34% | 61.81% | 65.04% | 60.74% | 32.12% | 36.5% | 201.83% | 55.25% | 56.82% | 27.95% |
| EPS (Diluted) | 2.10 | -6.35 | -1.38 | -0.64 | -0.07 | -0.38 | 0.96 | 0.25 | 0.97 | 2.29 | 0.13 | 0.10 | 0.19 | 0.47 | 2.13 | 1.69 | -0.95 | 0.47 | 0.67 | 2.61 |
| EPS Growth % | 3188.24% | -1571.05% | -243.75% | -356% | -107.01% | -116.59% | 638.46% | 155.89% | 410.53% | 387.23% | -93.9% | -94.22% | 120% | 0% | 217.91% | -35.25% | -2475% | -85.58% | 6.35% | 43.41% |
| EPS (Basic) | 2.10 | -6.35 | -1.38 | -0.64 | -0.07 | -0.38 | 0.96 | 0.25 | 0.97 | 2.29 | 0.13 | 0.10 | 0.19 | 0.47 | 2.13 | 1.69 | -0.95 | 0.47 | 0.67 | 2.61 |
| Diluted Shares Outstanding | 188.38M | 170.39M | 170.13M | 170.13M | 170.52M | 172.06M | 172.06M | 172.01M | 171.95M | 171.1M | 170.89M | 170.86M | 170.78M | 165.39M | 161.55M | 161.41M | 158.2M | 154.31M | 151.56M | 146.06M |