Alexandria Real Estate Equities ARE

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

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

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  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
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  Receivables +4.1% vs revenue -2.9% (+7.0 pts)

1. add_circleItem 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1Anorth_east

   Our Board of Directors determines future distributions based on a number of factors, including, but not limited to:

2. add_circleItem 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1Anorth_east

   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. add_circleItem 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1Anorth_east

   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. add_circleItem 1A · new paragraph · not in the 10-K filed Jan 27, 2025 10-K, ITEM 1Anorth_east

   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…

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