ALEXANDRIA REAL ESTATE EQUITIES, INC.
ARE REIT RUBRIC Real Estate · Equity REITsEach 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.
▼−22 over range · as of 2026-06-30
FFO -3.1% YoY, revenue -13.0% YoY · sector avg 58
▼−42 over range · as of 2026-06-30
9% FFO margin, FFO covers the payout 0.4x · sector avg 77
▼−8 over range · as of 2026-06-30
37% debt-to-assets · sector avg 44
Latest quarter · ending 2026-06-30 · green = improving · click a row to chart it
Revenue $662.8M −1.2% Net income -$72.8M — FFO $231.6M −65.3% FFO margin 34.9% −64.5pp Operating margin — — Distributions paid $123.8M +0.1% Distribution coverage 1.87× −65.3% CHARTED Debt / assets 37.0% +0.4pp Interest coverage — —Filings
21-09 → 26-06 · following the period bar 20 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 | no filing | no filing | 10-Q Q3 2021 | 10-K FY 2021 |
All 20 filings
10-K FY 2024 2025-01-27 Pro → 10-Q Q3 2024 2024-10-21 Pro → 10-Q Q2 2024 2024-07-22 Pro → 10-Q Q1 2024 2024-04-22 Pro → 10-K FY 2023 2024-01-29 Pro → 10-Q Q3 2023 2023-10-23 Pro → 10-Q Q2 2023 2023-07-24 Pro → 10-Q Q1 2023 2023-04-24 Pro → 10-K FY 2022 2023-01-30 Pro → 10-Q Q3 2022 2022-10-24 Pro → 10-Q Q2 2022 2022-07-25 Pro → 10-Q Q1 2022 2022-04-25 Pro → 10-K FY 2021 2022-01-31 Pro → 10-Q Q3 2021 2021-10-25 Pro →Filing-level fact detail is a Pro feature. The grades and figures above are free. See Pro plans
Trends
| Period | Period end | Revenue |
|---|---|---|
| 21-09 | 2021-09-30 | $547.8M |
| 21-12 | 2021-12-31 | $576.9M |
| 22-03 | 2022-03-31 | $615.1M |
| 22-06 | 2022-06-30 | $643.8M |
| 22-09 | 2022-09-30 | $659.9M |
| 22-12 | 2022-12-31 | $670.3M |
| 23-03 | 2023-03-31 | $700.8M |
| 23-06 | 2023-06-30 | $713.9M |
| 23-09 | 2023-09-30 | $713.8M |
| 23-12 | 2023-12-31 | $757.2M |
| 24-03 | 2024-03-31 | $769.1M |
| 24-06 | 2024-06-30 | $766.7M |
| 24-09 | 2024-09-30 | $791.6M |
| 24-12 | 2024-12-31 | $788.9M |
| 25-03 | 2025-03-31 | $758.2M |
| 25-06 | 2025-06-30 | $762.0M |
| 25-09 | 2025-09-30 | $751.9M |
| 25-12 | 2025-12-31 | $754.4M |
| 26-03 | 2026-03-31 | $671.0M |
| 26-06 | 2026-06-30 | $662.8M |
| Period | Period end | Net income |
|---|---|---|
| 21-09 | 2021-09-30 | $103.1M |
| 21-12 | 2021-12-31 | $74.9M |
| 22-03 | 2022-03-31 | -$149.6M |
| 22-06 | 2022-06-30 | $272.2M |
| 22-09 | 2022-09-30 | $344.7M |
| 22-12 | 2022-12-31 | $54.3M |
| 23-03 | 2023-03-31 | $77.9M |
| 23-06 | 2023-06-30 | $89.9M |
| 23-09 | 2023-09-30 | $24.3M |
| 23-12 | 2023-12-31 | -$88.4M |
| 24-03 | 2024-03-31 | $170.5M |
| 24-06 | 2024-06-30 | $46.7M |
| 24-09 | 2024-09-30 | $167.9M |
| 24-12 | 2024-12-31 | -$62.2M |
| 25-03 | 2025-03-31 | -$8.9M |
| 25-06 | 2025-06-30 | -$107.0M |
| 25-09 | 2025-09-30 | -$232.8M |
| 25-12 | 2025-12-31 | -$1.1B |
| 26-03 | 2026-03-31 | $361.7M |
| 26-06 | 2026-06-30 | -$72.8M |
| Period | Period end | FFO margin |
|---|---|---|
| 21-09 | 2021-09-30 | 57.3% |
| 21-12 | 2021-12-31 | 54.5% |
| 22-03 | 2022-03-31 | 14.8% |
| 22-06 | 2022-06-30 | 79.9% |
| 22-09 | 2022-09-30 | 90.9% |
| 22-12 | 2022-12-31 | 47.6% |
| 23-03 | 2023-03-31 | 49.0% |
| 23-06 | 2023-06-30 | 50.9% |
| 23-09 | 2023-09-30 | 41.1% |
| 23-12 | 2023-12-31 | 26.0% |
| 24-03 | 2024-03-31 | 59.6% |
| 24-06 | 2024-06-30 | 44.0% |
| 24-09 | 2024-09-30 | 58.4% |
| 24-12 | 2024-12-31 | 34.0% |
| 25-03 | 2025-03-31 | 43.9% |
| 25-06 | 2025-06-30 | 31.4% |
| 25-09 | 2025-09-30 | 14.3% |
| 25-12 | 2025-12-31 | -100.6% |
| 26-03 | 2026-03-31 | 99.4% |
| 26-06 | 2026-06-30 | 34.9% |
| Period | Period end | Distribution coverage |
|---|---|---|
| 21-09 | 2021-09-30 | 1.84× |
| 21-12 | 2021-12-31 | 1.81× |
| 22-03 | 2022-03-31 | 0.50× |
| 22-06 | 2022-06-30 | 2.74× |
| 22-09 | 2022-09-30 | 3.11× |
| 22-12 | 2022-12-31 | 1.65× |
| 23-03 | 2023-03-31 | 1.64× |
| 23-06 | 2023-06-30 | 1.74× |
| 23-09 | 2023-09-30 | 1.37× |
| 23-12 | 2023-12-31 | 0.92× |
| 24-03 | 2024-03-31 | 2.07× |
| 24-06 | 2024-06-30 | 1.52× |
| 24-09 | 2024-09-30 | 2.03× |
| 24-12 | 2024-12-31 | 1.18× |
| 25-03 | 2025-03-31 | 1.45× |
| 25-06 | 2025-06-30 | 1.05× |
| 25-09 | 2025-09-30 | 0.47× |
| 25-12 | 2025-12-31 | -3.34× |
| 26-03 | 2026-03-31 | 5.39× |
| 26-06 | 2026-06-30 | 1.87× |
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.
Hover to read every grade at a period · shared with the trends chart · axis fixed 0–100
| Period | Period end | Growth | Returns | Safety |
|---|---|---|---|---|
| 21-09 | 2021-09-30 | not scored | not scored | not scored |
| 21-12 | 2021-12-31 | not scored | not scored | not scored |
| 22-03 | 2022-03-31 | not scored | not scored | not scored |
| 22-06 | 2022-06-30 | not scored | not scored | not scored |
| 22-09 | 2022-09-30 | not scored | not scored | not scored |
| 22-12 | 2022-12-31 | not scored | not scored | not scored |
| 23-03 | 2023-03-31 | not scored | not scored | not scored |
| 23-06 | 2023-06-30 | not scored | not scored | not scored |
| 23-09 | 2023-09-30 | 38 | 44 | 78 |
| 23-12 | 2023-12-31 | 40 | 29 | 85 |
| 24-03 | 2024-03-31 | 70 | 42 | 77 |
| 24-06 | 2024-06-30 | 52 | 32 | 77 |
| 24-09 | 2024-09-30 | 83 | 52 | 81 |
| 24-12 | 2024-12-31 | 60 | 62 | 74 |
| 25-03 | 2025-03-31 | 11 | 45 | 77 |
| 25-06 | 2025-06-30 | 9 | 41 | 81 |
| 25-09 | 2025-09-30 | 2 | 23 | 73 |
| 25-12 | 2025-12-31 | 4 | 2 | 66 |
| 26-03 | 2026-03-31 | 50 | 2 | 70 |
| 26-06 | 2026-06-30 | 16 | 2 | 70 |