undamentalytics Newsletter
Sign in

Alexandria Real Estate Equities key statistics and ratios

In fiscal 2025, Alexandria Real Estate Equities had return on equity of -8.6%, a net margin of -47.2% and debt equal to 80.2% of equity. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Net margin−7.1%15.0%28.6%23.7%40.9%27.0%20.1%3.6%10.4%−47.2%−51.8%
Return on equity−1.3%3.1%5.7%4.5%7.5%4.1%3.0%0.6%1.8%−8.6%−9.4%
Return on assets−0.6%1.5%2.9%2.2%3.7%2.2%1.6%0.3%0.9%−4.0%−4.2%
Asset turnover0.090.100.100.090.090.080.080.080.080.080.08
Debt to equity85.3%80.3%74.9%76.7%64.8%54.6%53.9%61.7%68.9%80.2%87.7%
Dividends ÷ net income—190.3%101.7%124.2%69.1%114.8%145.2%817.7%278.2%——

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Moat

29 /100

Weak moat

How hard Alexandria Real Estate Equities's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.9% of total assets over 10 years.

  • Durability 2 / 20

    Net margin has been a median 9.6%; its worst year was -51.8%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 8 of 9 years, at a median 8.7% of revenue.

  • Discipline 8 / 20

    The diluted share count rose 19.9% over five years; stock-based pay has been a median 3.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: ARE vs BXPARE vs VNOARE vs KRC

More: Office REITs stocks compared, Real Estate sector, rankings of US companies

Figures from Alexandria Real Estate Equities's SEC filings (10-K and 10-Q), retrieved October 27, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Alexandria Real Estate Equities.