Screener / SEC EDGAR /CIK 0001035443 /10-K filed Jan 26, 2026, compared with Jan 27, 2025 /Numbers from the XBRL of the 10-Ks
Real estate peers:
NYSE Real estate · REIT

Alexandria Real Estate Equities ARE

We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax purposes. 10-K, Item 1

Headquarters
Pasadena, CA
CEO
Peter M. Moglia
Next results
around Jan 25, 2027
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What changed

259 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Jan 26, 2026 against Jan 27, 2025.

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 9 checks found nothing to note

  • Critical audit matters changed
    New this year: Our Audit future undiscounted cash flows for investments in real estate where impairment indicators existed as well as controls; In auditing the Company’s undiscounted future cash flows for investments in real estate to be held and used with; Company’s historical accounting records or to available market data. We also tested the mathematical accuracy of. No longer listed: For real estate investments with identified indicators of impairment, we performed audit procedures over the; Company’s estimation of the assets’ undiscounted future cash flows. For example, we compared significant. Same as last year: Impairment of investments in real estate; Description At December 31, 2025, the carrying value of the Company’s investments in real estate was $28.7 billion including; Auditing the Company’s evaluation of whether its investments in real estate to be held and used are recoverable was; How we We obtained an understanding, evaluated the design, and tested the operating effectiveness of the Company’s; Addressed controls over the Company’s investments in real estate impairment assessment process. For example, we tested
  • Receivables +4.1% vs revenue -2.9% (+7.0 pts)
8 more checks with nothing to note
  • Cash from operations $1.4B vs net income −$1.4B (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

259 paragraphs in Risk Factors that were not in the 10-K filed Jan 27, 2025. Quoted as filed.

All 259 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1A
    Our Board of Directors determines future distributions based on a number of factors, including, but not limited to:
  2. Item 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1A
    On December 3, 2025, our Board of Directors declared a quarterly cash dividend of $0.72 per common share for the fourth quarter of 2025, representing a $0.60, or 45%, reduction from the dividend declared for the third quarter of 2025. Our Board of Directors
  3. Item 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1A
    On July 3, 2025, the U.S. House of Representatives and the Senate passed the One Big Beautiful Bill Act, which the U.S. President signed into law on July 4, 2025 (the “OBBB Act”). Among other things, the OBBB Act: •Changed the business interest expense limitation from 30% of EBIT to 30% of EBITDA. This limitation does not apply to,…
  4. Item 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1A
    The long-term impact of the OBBB Act on the overall economy, government revenues, our tenants, us, and the real estate industry cannot be reliably predicted. Furthermore, the OBBB Act may negatively impact certain of our tenants’ operating results, financial condition, and future business plans. The OBBB Act may also result in reduced…

New risk paragraphs, against peers

Latest 10-K of each, Real estate companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$2.6B$2.9B$3.1B$3.0B
Net income$521.7M$103.6M$322.9M−$1.4B
Operating cash flow$1.3B$1.6B$1.5B$1.4B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$3.0B ▼ 2.9% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Alexandria Real Estate Equities, Pasadena, CA · from the 10-K filed Jan 26, 2026

We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax purposes. Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems

Headquarters
Pasadena, CA
Country
United States
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 26, 2026
Incorporated in
MD

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Sources

The 10-K filed Jan 26, 2026 (open at SEC), compared with the 10-K filed Jan 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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