NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP
Alexandria Real Estate Equities, Inc. ARE
18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$3.0B
▼ 2.9% vs FY2024
EPS · FY25
—
Dividend / sh · FY25
$4.68
Payout · FY25
-64%
ROE · FY25
-8.6%
Net margin · FY25
-47.2%
Dividend coverage
-1.8×
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Result
USD 3.0B
Revenue, FY2025 · full 18-year series below
Revenue
Net income
The company lost 47 cents on every revenue dollar this year.
Per share
—
Diluted EPS, FY2025
EPS
Dividend
The dividend was paid in a year without profit.
Profitability
-8.6%
Return on equity, FY2025
ROE
Operating margin—
Net margin-47.2%
Return on assets-4.0%
Each USD of equity lost 9 cents this year.
Returned to shareholders
USD 1.1B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 911.5M
Net buybacksUSD 208.2M
Share of profit-78.3%
Consecutive raises—
USD 911.5M in dividends and USD 208.2M in buybacks went back to shareholders in a year without profit.
Growth
+9.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+5.3%
+9.9%
Dividend / share
−0.3%
+2.0%
Returned to shareholders
+13.9%
+16.0%
+17.8%
+20.5%
Compound annual rates per period — left blank where the series crosses a loss.
Share base
—
Shares outstanding, FY2025
Change, 5 years+24.8%
Change, 10 years+135.1%
The share count grew 25% in five years — the same company, cut into more, smaller slices.
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Balance sheet
USD 34.1B
total assets, end of FY2025
Total assetsUSD 34.1B
EquityUSD 15.5B
CashUSD 549.1M
Gross debtUSD 12.4B
Net debtUSD 11.9B
Net debt stands at 77% of equity.
History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
3.0
3.1
2.9
2.6
2.1
1.9
1.5
1.3
1.1
0.9
·
·
·
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net income $B
−1.4
0.3
0.1
0.5
0.6
0.8
0.4
0.4
0.2
−0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
EPS, diluted $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Dividend / sh $
4.68
5.19
4.96
4.72
4.48
4.24
4.00
3.73
3.45
·
·
·
·
·
·
·
·
·
Payout %
−64
278
818
145
115
69
123
100
185
−365
151
199
124
120
94
55
68
84
ROE %
−8.6
1.8
0.6
3.0
4.1
7.5
4.5
5.7
3.1
−1.5
3.7
2.6
3.7
3.1
3.6
4.7
5.5
·
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.
How we verifyAUDITED
33 of 34
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity
Every figure was compared against the original statement: 0 failures and 1 presentation gaps.
What we don’t show
We’d rather say what’s missing than fill the gap with an estimate.
P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed