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Alexandria Real Estate Equities
Office REITs
Office REITsAnalysis in progress
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health38
Growth29
Profitability0
Cash generationn/a
Balance sheetn/a
Dilution control84
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)-10.7%Revenue growth (FY)-2.9%Revenue CAGR (3y)5.3%Gross margin—Operating margin—Net margin-47.2%Free cash flow margin46.7%R&D / revenue—Stock comp / revenue1.4%Net debt / operating cash flow8.38xCurrent ratio—Diluted share count change-1.0%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $2.1B | $2.6B | $2.9B | $3.1B | $3.0B |
| Net income | $571M | $522M | $104M | $323M | -$1.4B |
| Operating cash flow | $1.0B | $1.3B | $1.6B | $1.5B | $1.4B |
| Free cash flow | $1.0B | $1.3B | $1.6B | $1.5B | $1.4B |
| Stock-based comp | $49M | $58M | $83M | $60M | $41M |
| Buybacks | — | $0 | $0 | $50M | $208M |
| Dividends | $656M | $758M | $847M | $899M | $911M |
| Cash | $361M | $825M | $618M | $552M | $549M |
| Total debt | $8.8B | $10.2B | $11.3B | $12.2B | $12.4B |
| Equity | $16.2B | $19.0B | $18.5B | $17.9B | $15.5B |
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