AR
ALEXANDRIA REAL ESTATE EQUITIES, INC.
ARE REIT RUBRIC Real Estate · Equity REITs
Latest period 2026-06-30 · 38 filings on record
SHOWING
Trailing twelve months — each point sums the four quarters ending there.
Ranked against REITs · 29 peers
calibrating
Each grade is a single reported quarter's assessment, never an average — a card shows the grade at the newest quarter in view, so it follows the period and range controls above. Latest scored quarter: 2026-06-30.
Growth
16th pct
▼−22 over range · as of 2026-06-30
FFO -3.1% YoY, revenue -13.0% YoY · sector avg 58
Returns
2nd pct
▼−42 over range · as of 2026-06-30
9% FFO margin, FFO covers the payout 0.4x · sector avg 77
Safety
70th pct
▼−8 over range · as of 2026-06-30
37% debt-to-assets · sector avg 44
OVERVIEWvs prior TTM Δ
Trailing twelve months · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $2.8B −3.4% Net income -$1.0B — FFO $247.4M −3.0% FFO margin 8.7% +0.0pp Operating margin — — Distributions paid $701.8M −12.8% Distribution coverage 0.35× +11.3% Debt / assets 37.0% +0.4pp Interest coverage — —Filings
TTM 21-09 → TTM 26-06 · following the period bar 6 match| Year | Q1 | Q2 | Q3 | FY |
|---|---|---|---|---|
| 2026 | 10-Q Q1 2026 | 10-Q Q2 2026 | no filing | no filing |
| 2025 | 10-Q Q1 2025 | 10-Q Q2 2025 | 10-Q Q3 2025 | 10-K FY 2025 |
| 2024 | 10-Q Q1 2024 | 10-Q Q2 2024 | 10-Q Q3 2024 | 10-K FY 2024 |
| 2023 | 10-Q Q1 2023 | 10-Q Q2 2023 | 10-Q Q3 2023 | 10-K FY 2023 |
| 2022 | 10-Q Q1 2022 | 10-Q Q2 2022 | 10-Q Q3 2022 | 10-K FY 2022 |
| 2021 | 10-Q Q1 2021 | 10-Q Q2 2021 | 10-Q Q3 2021 | 10-K FY 2021 |
| 2020 | no filing | no filing | no filing | 10-K FY 2020 |
Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
Trailing twelve months, rolling one quarter at a time
Revenue
| Period | Period end | Revenue |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $2.0B |
| TTM 21-12 | 2021-12-31 | $2.1B |
| TTM 22-03 | 2022-03-31 | $2.2B |
| TTM 22-06 | 2022-06-30 | $2.4B |
| TTM 22-09 | 2022-09-30 | $2.5B |
| TTM 22-12 | 2022-12-31 | $2.6B |
| TTM 23-03 | 2023-03-31 | $2.7B |
| TTM 23-06 | 2023-06-30 | $2.7B |
| TTM 23-09 | 2023-09-30 | $2.8B |
| TTM 23-12 | 2023-12-31 | $2.9B |
| TTM 24-03 | 2024-03-31 | $3.0B |
| TTM 24-06 | 2024-06-30 | $3.0B |
| TTM 24-09 | 2024-09-30 | $3.1B |
| TTM 24-12 | 2024-12-31 | $3.1B |
| TTM 25-03 | 2025-03-31 | $3.1B |
| TTM 25-06 | 2025-06-30 | $3.1B |
| TTM 25-09 | 2025-09-30 | $3.1B |
| TTM 25-12 | 2025-12-31 | $3.0B |
| TTM 26-03 | 2026-03-31 | $2.9B |
| TTM 26-06 | 2026-06-30 | $2.8B |
Net income
| Period | Period end | Net income |
|---|---|---|
| TTM 21-09 | 2021-09-30 | $937.8M |
| TTM 21-12 | 2021-12-31 | $571.2M |
| TTM 22-03 | 2022-03-31 | $413.6M |
| TTM 22-06 | 2022-06-30 | $300.7M |
| TTM 22-09 | 2022-09-30 | $542.2M |
| TTM 22-12 | 2022-12-31 | $521.7M |
| TTM 23-03 | 2023-03-31 | $749.1M |
| TTM 23-06 | 2023-06-30 | $566.8M |
| TTM 23-09 | 2023-09-30 | $246.4M |
| TTM 23-12 | 2023-12-31 | $103.6M |
| TTM 24-03 | 2024-03-31 | $196.3M |
| TTM 24-06 | 2024-06-30 | $153.1M |
| TTM 24-09 | 2024-09-30 | $296.8M |
| TTM 24-12 | 2024-12-31 | $322.9M |
| TTM 25-03 | 2025-03-31 | $143.5M |
| TTM 25-06 | 2025-06-30 | -$10.2M |
| TTM 25-09 | 2025-09-30 | -$410.9M |
| TTM 25-12 | 2025-12-31 | -$1.4B |
| TTM 26-03 | 2026-03-31 | -$1.1B |
| TTM 26-06 | 2026-06-30 | -$1.0B |
FFO margin
| Period | Period end | FFO margin |
|---|---|---|
| TTM 21-09 | 2021-09-30 | 84.8% |
| TTM 21-12 | 2021-12-31 | 65.9% |
| TTM 22-03 | 2022-03-31 | 57.5% |
| TTM 22-06 | 2022-06-30 | 51.8% |
| TTM 22-09 | 2022-09-30 | 60.9% |
| TTM 22-12 | 2022-12-31 | 58.9% |
| TTM 23-03 | 2023-03-31 | 66.4% |
| TTM 23-06 | 2023-06-30 | 59.2% |
| TTM 23-09 | 2023-09-30 | 47.1% |
| TTM 23-12 | 2023-12-31 | 41.5% |
| TTM 24-03 | 2024-03-31 | 44.4% |
| TTM 24-06 | 2024-06-30 | 42.8% |
| TTM 24-09 | 2024-09-30 | 47.1% |
| TTM 24-12 | 2024-12-31 | 48.9% |
| TTM 25-03 | 2025-03-31 | 45.1% |
| TTM 25-06 | 2025-06-30 | 42.0% |
| TTM 25-09 | 2025-09-30 | 31.0% |
| TTM 25-12 | 2025-12-31 | -2.6% |
| TTM 26-03 | 2026-03-31 | 8.7% |
| TTM 26-06 | 2026-06-30 | 8.7% |
ZOOM
TTM 17-12
TTM 26-06
Grade history
Point-in-time: each period shows the grade of the quarter it ends at — grades are never summed or averaged across a window.
Growth
16
Returns
2
Safety
70
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Returns | Safety |
|---|---|---|---|---|
| TTM 21-09 | 2021-09-30 | not scored | not scored | not scored |
| TTM 21-12 | 2021-12-31 | not scored | not scored | not scored |
| TTM 22-03 | 2022-03-31 | not scored | not scored | not scored |
| TTM 22-06 | 2022-06-30 | not scored | not scored | not scored |
| TTM 22-09 | 2022-09-30 | not scored | not scored | not scored |
| TTM 22-12 | 2022-12-31 | not scored | not scored | not scored |
| TTM 23-03 | 2023-03-31 | not scored | not scored | not scored |
| TTM 23-06 | 2023-06-30 | not scored | not scored | not scored |
| TTM 23-09 | 2023-09-30 | 38 | 44 | 78 |
| TTM 23-12 | 2023-12-31 | 40 | 29 | 85 |
| TTM 24-03 | 2024-03-31 | 70 | 42 | 77 |
| TTM 24-06 | 2024-06-30 | 52 | 32 | 77 |
| TTM 24-09 | 2024-09-30 | 83 | 52 | 81 |
| TTM 24-12 | 2024-12-31 | 60 | 62 | 74 |
| TTM 25-03 | 2025-03-31 | 11 | 45 | 77 |
| TTM 25-06 | 2025-06-30 | 9 | 41 | 81 |
| TTM 25-09 | 2025-09-30 | 2 | 23 | 73 |
| TTM 25-12 | 2025-12-31 | 4 | 2 | 66 |
| TTM 26-03 | 2026-03-31 | 50 | 2 | 70 |
| TTM 26-06 | 2026-06-30 | 16 | 2 | 70 |