AREAlexandria Real Estate Equities, Inc.$42.65+4.97%
incl. div.
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement.
Across FY2008–FY2025: $258.29M in buybacks, $7.29B in dividends.
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
On February 25, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.
Issuer evidence: On February 25, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.
Supporting evidence: The Notes bear interest at a rate of 5.25% per year, from and including February 25, 2026 or the most recent interest payment date to which interest has been paid, and are payable semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15, 2026. The Notes mature on March 15, 2036. The Notes are fully and unconditionally guaranteed on a senior basis by the Guarantor (the “Guarantee”), are the unsecured senior obligations of the Company and rank equally with the Company’s existing and future unsecured senior indebtedness.
Supporting evidence: On February 25, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.
Supporting evidence: On February 25, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.
On February 10, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) and Alexandria Real Estate Equities, L.P., as guarantor (the “Guarantor”), entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as representatives (the “Representatives”) of the several Underwriters named therein (the “Underwriters”), in connection with the sale of $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Guarantor and, subject to customary closing conditions, the Underwriters expect to deliver the Notes to the purchasers on or about February 25, 2026. The Notes were offered by the Company pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission. A copy of the underwriting agreement is attached hereto as Exhibit 1.1.
Issuer evidence: On February 10, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) and Alexandria Real Estate Equities, L.P., as guarantor (the “Guarantor”), entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as representatives (the “Representatives”) of the several Underwriters named therein (the “Underwriters”), in connection with the sale of $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Guarantor and, subject to customary closing conditions, the Underwriters expect to deliver the Notes to the purchasers on or about February 25, 2026. The Notes were offered by the Company pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission. A copy of the underwriting agreement is attached hereto as Exhibit 1.1.
Supporting evidence: On February 10, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) and Alexandria Real Estate Equities, L.P., as guarantor (the “Guarantor”), entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as representatives (the “Representatives”) of the several Underwriters named therein (the “Underwriters”), in connection with the sale of $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Guarantor and, subject to customary closing conditions, the Underwriters expect to deliver the Notes to the purchasers on or about February 25, 2026. The Notes were offered by the Company pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission. A copy of the underwriting agreement is attached hereto as Exhibit 1.1.
Supporting evidence: On February 10, 2026, Alexandria Real Estate Equities, Inc. (the “Company”) and Alexandria Real Estate Equities, L.P., as guarantor (the “Guarantor”), entered into an underwriting agreement with Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc. and TD Securities (USA) LLC, as representatives (the “Representatives”) of the several Underwriters named therein (the “Underwriters”), in connection with the sale of $750,000,000 aggregate principal amount of the Company’s 5.25% Senior Notes due 2036 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Guarantor and, subject to customary closing conditions, the Underwriters expect to deliver the Notes to the purchasers on or about February 25, 2026. The Notes were offered by the Company pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission. A copy of the underwriting agreement is attached hereto as Exhibit 1.1.
7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057
Note · Alexandria Real Estate Equities, Inc.
Reference: 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057
Active
Original principal
USD 1,000,000,000
Outstanding
—
Commitment
—
Availability
—
Maturity
—
Last reported interest terms:
7.25%
Reported 2026-08-14Later filings may not restate these terms; this does not confirm they still apply.
Covenant terms for this agreement are not yet verified.
On August 12, 2026, Alexandria Real Estate Equities, Inc. (the "Company") and Alexandria Real Estate Equities, L.P., as guarantor (the "Guarantor"), entered into an underwriting agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, as representatives (the "Representatives") of the several Underwriters named therein (the "Underwriters"), in connection with the sale of $1,000,000,000 aggregate principal amount of the Company's 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the "Notes").
Issuer evidence: On August 12, 2026, Alexandria Real Estate Equities, Inc. (the "Company") and Alexandria Real Estate Equities, L.P., as guarantor (the "Guarantor"), entered into an underwriting agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, as representatives (the "Representatives") of the several Underwriters named therein (the "Underwriters"), in connection with the sale of $1,000,000,000 aggregate principal amount of the Company's 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the "Notes").
Supporting evidence: On August 12, 2026, Alexandria Real Estate Equities, Inc. (the "Company") and Alexandria Real Estate Equities, L.P., as guarantor (the "Guarantor"), entered into an underwriting agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, as representatives (the "Representatives") of the several Underwriters named therein (the "Underwriters"), in connection with the sale of $1,000,000,000 aggregate principal amount of the Company's 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the "Notes").
Supporting evidence: On August 12, 2026, Alexandria Real Estate Equities, Inc. (the "Company") and Alexandria Real Estate Equities, L.P., as guarantor (the "Guarantor"), entered into an underwriting agreement with J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC and RBC Capital Markets, LLC, as representatives (the "Representatives") of the several Underwriters named therein (the "Underwriters"), in connection with the sale of $1,000,000,000 aggregate principal amount of the Company's 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the "Notes").
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
6.92×
Peer median 7.32×
EV/EBIT
—
P/E (TTM)
—
Peer median 31.75×
P/FFO (FY2025)
5.46×
Peer median 8.29×
P/AFFO (FY2025)
4.66×
Peer median 11.83×
Peer medians compare against the 10 similar-size REIT - Office companies (of 20 listed).
P/FFO and P/AFFO use
the company-stated
“Funds from operations per share attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – diluted” and “Funds from operations per share attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – diluted, as adjusted”,
extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Valuation over time computed as of each quarter's filing date
P/FFO and P/AFFO use
the company-stated
“Funds from operations per share attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – diluted” and “Funds from operations per share attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – diluted, as adjusted”,
extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
Reportable Segment Aggregation Before Other Operating Segment
$2,835,282,000
$2,927,552,000
$2,706,435,000
$2,454,079,000
All Other Segments
$191,274,000
$188,842,000
$179,264,000
$134,883,000
By Product & Service (USD)
Component
FY2025
FY2024
FY2023
FY2022
FY2021
FY2020
FY2019
FY2018
Income from Rentals
$2,945,175,000
$3,049,706,000
$2,842,456,000
$2,576,040,000
$2,108,249,000
$1,878,208,000
$1,516,864,000
$1,314,781,000
Product And Service Other
$81,381,000
$66,688,000
$43,243,000
$12,922,000
$5,901,000
$7,429,000
$14,432,000
$12,678,000
Revenues Subject to Other Accounting Guidance
—
—
—
$51,000,000
—
—
—
—
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
Component
FY2025
FY2024
FY2023
FY2022
Reportable Segment Aggregation Before Other Operating Segment
$1,966,451,000
$2,096,294,000
$1,942,735,000
$1,758,853,000
Operating Margin by Segment (%)
Component
FY2025
FY2024
FY2023
FY2022
Reportable Segment Aggregation Before Other Operating Segment
