Alexandria Real Estate Equities, Inc. (ARE) Financial Statements (2024 and earlier)

Company Profile

Business Address 26 NORTH EUCLID AVENUE
PASADENA, CA 91101
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments825361569190234254
Cash and cash equivalents825361569190234254
Restricted cash and investments335429533823
Disposal group, including discontinued operation      
Total current assets:858415598243272277
Noncurrent Assets
Operating lease, right-of-use asset558474336265
Property, plant and equipment232631231511
Long-term investments and receivables3838332347238111
Long-term investments3838332347238111
Intangible assets, net (including goodwill)61661028628215078
Intangible assets, net (excluding goodwill)61661028628215078
Deferred costs343931221916
Total noncurrent assets:1,2691,1881,017939422215
Other undisclosed assets33,39628,61621,21417,20913,77111,612
TOTAL ASSETS:35,52330,21922,82818,39114,46512,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Disposal group, including discontinued operation      
Total current liabilities:      
Noncurrent Liabilities
Long-term debt and lease obligation10,1018,3177,2326,0444,2923,396
Long-term debt, excluding current maturities10,1018,3177,2326,0444,2923,396
Total noncurrent liabilities:10,1018,3177,2326,0444,2923,396
Other undisclosed liabilities2,7392,8692,1522,1802,2782,225
Total liabilities:12,84011,1869,3848,2246,5705,621
Temporary equity, carrying amount101011121112
Equity
Equity, attributable to parent, including:18,97216,19011,7268,8667,3425,950
Common stock221111
Additional paid in capital18,99116,19511,7318,8747,2875,824
Accumulated other comprehensive income (loss)(21)(7)(7)(10)(10)50
Other undisclosed equity, attributable to parent     6474
Equity, attributable to noncontrolling interest3,7012,8341,7071,288542522
Total equity:22,67419,02413,43210,1547,8846,472
TOTAL LIABILITIES AND EQUITY:35,52330,21922,82818,39114,46512,104

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,5892,2971,9021,5311,3271,128
Revenue, net1,128
Operating lease, lease income  2,0811,8541,466
Cost of revenue(881)(833)(763)(667)(540)(458)
Cost of goods and services sold(783)(624)(530)  (326)
Gross profit:1,7081,4641,139865788670
Operating expenses(1,244)(1,025)(880)(666)(574)(492)
Operating income:464439260199213178
Nonoperating income
(Investment Income, Nonoperating)
  259421195137 
Interest and debt expense(98)(209)(232)(221)(159)(132)
Income from continuing operations before equity method investments, income taxes:36648944917219146
Income from equity method investments1128104415
Income from continuing operations before income taxes:36750145718223562
Other undisclosed income from continuing operations      132
Income from continuing operations:367501457182235194
Income before gain (loss) on sale of properties:501457182235194
Gain on sale of properties, net of applicable income taxes  0
Other undisclosed net income304153370222167 
Net income:671654827404403194
Net loss attributable to noncontrolling interest(149)(83)(56)(41)(23)(25)
Net income attributable to parent:522571771363379169
Other undisclosed net loss available to common stockholders, basic   (12)(15)(24)
Net income available to common stockholders, basic:522571771351364145
Other undisclosed net loss available to common stockholders, diluted(8)(8)(10)   
Net income available to common stockholders, diluted:513563761351364145

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:671654827404403194
Other comprehensive income (loss)(14)(1)31(11)45
Comprehensive income:657654830405392239
Comprehensive loss, net of tax, attributable to noncontrolling interest(149)(83)(56)(41)(23)(25)
Comprehensive income, net of tax, attributable to parent:508571774364369214

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: