{ "ok": true, "cik": "1035443", "ticker": "ARE", "name": "ALEXANDRIA REAL ESTATE EQUITIES, INC.", "filings": [ { "form": "8-K", "filed": "2026-09-24", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation" ], "url": "https://www.sec.gov/Archives/edgar/data/1035443/000103544326000069/0001035443-26-000069-index.htm" }, { "form": "8-K", "filed": "2026-08-21", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1035443/000110465926099706/0001104659-26-099706-index.htm" }, { "form": "8-K", "filed": "2026-08-14", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1035443/000110465926097337/0001104659-26-097337-index.htm" }, { "form": "8-K", "filed": "2026-08-03", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1035443/000103544326000067/0001035443-26-000067-index.htm" }, { "form": "10-Q", "filed": "2026-08-03", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1035443/000103544326000066/0001035443-26-000066-index.htm" }, { "form": "8-K", "filed": "2026-07-09", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation" ], "url": "https://www.sec.gov/Archives/edgar/data/1035443/000103544326000058/0001035443-26-000058-index.htm" } ], "events12m": 16, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001035443.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035443" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up ALEXANDRIA REAL ESTATE EQUITIES, INC. ($ARE). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-24. 16 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 3026556000, "revenueGrowth1y": -0.028827548763089683, "revenueGrowthPerYear": 0.0938385601957239, "yearsOfData": 5, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.4723421605283365, "operatingCashFlow": 1414046000, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 549062000, "longTermDebt": 12400555000, "longTermDebtChange": 0.01275532746712904, "revenueHistory": [ { "fiscalYearEnd": "2021-12-31", "revenue": 2114150000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 2588962000 }, { "fiscalYearEnd": "2023-12-31", "revenue": 2885699000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 3116394000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 3026556000 } ], "totalEquity": 15470070000, "totalAssets": 34081835000, "equityRatio": 0.45390953861492495, "returnOnEquity": -0.09240876091704821, "dividendsPaid": 911450000, "payoutRatio": null, "dividendPerShare": 4.68, "dividendYearsRising": 0, "dividendCut": true, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -8.44, "sharesOutstanding": 170307000, "bookValuePerShare": 90.83637196357166, "revenuePerShare": 17.771177931617608, "range80": { "low": 2622449289.705472, "high": 3417149903.0456405, "baseline": 3063793678.893327, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.09559318079329303, "classVolatility": 0.07701947805587882, "volatility": 0.08680453966866943 }, "ifPaceHeld": { "low": 2622449289.705472, "high": 3417149903.0456405 } }, "edgarette": "🔖 Exposure: revenue $3.0B (FY2025), total debt $12.4B. Experience: revenue down 2.9% on the year, up 9.4% a year over 4 years. Soundness: equity 45.4% of assets, return on equity -9.2%, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.6B and $3.4B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $2.4B to $3.8B. A range, not a forecast. Against peers (79 filers, $50M+ revenue, real estate investment trusts): growth -2.9% against 3.7%.", "peers": { "sic": 6798, "sicDescription": "Real Estate Investment Trusts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6798", "growth": [ 0.0366, 157 ], "opMargin": [ 0.2474, 79 ], "equityRatio": [ 0.3883, 154 ], "returnOnEquity": [ 0.0254, 128 ], "payoutRatio": [ 1.5128, 81 ] }, "summary": "Alexandria Real Estate Equities (ARE) saw revenue fall 2.9% in FY2025 to $3.0 billion, equity 45.4% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
ALEXANDRIA REAL ESTATE EQUITIES, INC. against its own record and its peers
Revenue, on the yearPeer median 3.7%-2.9%Equity of assetsPeer median 38.8%45.4%Return on equityPeer median 2.5%-9.2%Gold tick: the median of 128–154 peers with $50M+ revenue in real estate investment trusts
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profitHanded back per share$4.68cut in the latest yearRevenue growth it managed-2.9%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T13:58:47.475Z", "hash": "d29651250f8a058f", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Alexandria Real Estate Equities (ARE) saw revenue fall 2.9% in FY2025 to $3.0 billion, equity 45.4% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 3026556000, "totalDebt": 12400555000, "cash": 549062000 }, "experience": { "revenueGrowth1y": -0.028827548763089683, "revenueGrowthPerYear": 0.0938385601957239, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": -0.4723421605283365, "freeCashFlow": null }, "soundness": { "equityRatio": 0.45390953861492495, "returnOnEquity": -0.09240876091704821, "payoutRatio": null, "dividendPerShare": 4.68, "dividendYearsRising": 0, "dividendCut": true, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6798, "sicDescription": "Real Estate Investment Trusts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "6798", "growth": [ 0.0366, 157 ], "opMargin": [ 0.2474, 79 ], "equityRatio": [ 0.3883, 154 ], "returnOnEquity": [ 0.0254, 128 ], "payoutRatio": [ 1.5128, 81 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "range": { "low": 2622449289.705472, "high": 3417149903.0456405, "baseline": 3063793678.893327, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.09559318079329303, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.08680453966866943, "k": 3 }, "stress": { "low": 2380805270.563278, "high": 3764330926.1454973, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 0, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-25T13:58:47.475Z", "hash": "d29651250f8a058f", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001035443.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035443" } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same if-the-pace-held arithmetic applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so." } }