Alexandria Real Estate Equities, Inc. (ARE) Financials

Key financial figures for Alexandria Real Estate Equities, Inc. (Q3 2026).

Alexandria posted a 3Q26 net loss of $3.74 per share on $637.9 million of real estate impairments tied to assets held for sale, while FFO per share, as adjusted, fell to $1.54 from $2.22 a year earlier. Total revenues were $671.2 million versus $751.9 million in 3Q25; net loss attributable to common stockholders was $638.5 million ($3.74 per diluted share), driven by $637.9 million of real estate impairment charges on assets classified as held for sale. FFO per share, diluted, as adjusted, was $1.54 (3Q25: $2.22; 2Q26: $1.73); the year-to-date figure is $5.00 versus $6.85. Operating occupancy was 87.1% at September 30, 2026 (86.9% at June 30), helped by reclassifying 339,020 RSF at 311 Arsenal Street into operating; same-property NOI fell 6.7% (2.8% on a cash basis) year over year. On the outlook: 2026 FFO per share, diluted, as adjusted: $6.38 to $6.42 (midpoint $6.40, unchanged; prior range $6.35 to $6.45). Year-end 2026 operating occupancy 86.2% to 87.8% (unchanged); same-property NOI change (8.5)% to (10.5)% on both GAAP and cash bases (unchanged); 4Q26 annualized net debt and preferred stock to Adjusted EBITDA 5.6x to 6.2x (unchanged); 4Q26 annualized fixed-charge coverage 3.4x to 3.9x (was 3.6x to 4.1x); dispositions and sales of partial interests $1.1 billion to $2.7 billion, midpoint $1.9 billion (was $2.9 billion); construction $1.5 billion to $2.0 billion, midpoint $1.75 billion (unchanged). Figures are for Q3 2026, as Alexandria Real Estate Equities reported them.

Revenue
$671M
Net Income
-$638M
EPS
$-3.74
Total Assets
$34.1B
Operating Cash Flow
$342M

Recent quarters

PeriodRevenueNet IncomeEPSOperating MarginFree Cash Flow
Q3 FY2026$671M-$638M-$3.74-$37M
Q2 FY2026$796M$12M$0.07-$66M
Q1 FY2026$671M$398M$2.10$197M
Q4 FY2025$754M-$1.1B-$6.35$312M
Q3 FY2025$736M-$233M-$1.38$433M

Recent fiscal years

PeriodRevenueNet IncomeEPSOperating MarginFree Cash Flow
FY2025$3.0B-$1.4B-$8.44$1.4B
FY2024$3.0B$323M$1.80$1.5B
FY2023$2.8B$104M$0.54$1.6B

Frequently asked questions

What was Alexandria Real Estate Equities's revenue last quarter?

Alexandria Real Estate Equities reported revenue of $671.2 million for Q3 FY2026, down 8.8% from the same period a year earlier.

Is Alexandria Real Estate Equities profitable?

Not in its most recent reported period. Alexandria Real Estate Equities reported a net loss of $637.7 million for Q3 FY2026, a net margin of -95.01% on revenue.

How much free cash flow did Alexandria Real Estate Equities generate?

Alexandria Real Estate Equities generated free cash flow of -$37.0 million in Q3 FY2026, after capital expenditure.

Full income statement, balance sheet and cash flow for Alexandria Real Estate Equities, Inc. on SentiSense, with up to forty quarters and twenty fiscal years of history.