Alexandria Real Estate Equities
Alexandria Real Estate Equities debt and dilution—
Borrowings, liquidity, share count and stock-based dilution.
Total debt
USD millions
Cash & equivalents
USD millions
Net debt
USD millions
Debt / equity
×
Debt / assets
%
Net debt / EBITDA
× · TTM
Operating income is unavailable in the extracted statements for this period.
Debt / FCF
× · TTM
The reported inputs required for this metric are unavailable in the extracted statements for this period.
Interest coverage
× · TTM
Operating income is unavailable in the extracted statements for this period.
Current ratio
×
The reported inputs required for this metric are unavailable in the extracted statements for this period.
Diluted shares
Million shares
Basic shares
Million shares
Share count growth
%
Share repurchases
USD millions
Quarterly data
| Fiscal period | Ended | Total debtUSD millions | Cash & equivalentsUSD millions | Net debtUSD millions | Debt / equity× | Debt / assets% | Net debt / EBITDA× | Debt / FCF× | Interest coverage× | Current ratio× | Diluted sharesMillion shares | Basic sharesMillion shares | Share count growth% | Share repurchasesUSD millions |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | 12,812.87 | 470.45 | 12,342.43 | 0.67× | 37% | — | — | — | — | 170.72 | 170.72 | 0.34% | 0 |
| FY 2026 Q1 | Mar 31, 2026 | 12,520 | 418.72 | 12,101.28 | 0.65× | 36.64% | — | — | — | — | 170.87 | 170.6 | 0.04% | 0 |
| FY 2025 Q4 | Dec 31, 2025 | 12,400.56 | 549.06 | 11,851.49 | 0.65× | 36.38% | — | — | — | — | 170.39 | 170.39 | -1.08% | 0 |
| FY 2025 Q3 | Sep 30, 2025 | 13,593.54 | 579.47 | 13,014.07 | 0.65× | 36.37% | — | — | — | — | 170.18 | 170.18 | -1.09% | 0 |
| FY 2025 Q2 | Jun 30, 2025 | 13,294.1 | 520.55 | 12,773.56 | 0.61× | 35.33% | — | — | — | — | 170.14 | 170.14 | -1.09% | 0 |
| FY 2025 Q1 | Mar 31, 2025 | 13,090.83 | 476.43 | 12,614.4 | 0.6× | 34.82% | — | — | — | — | 170.52 | 170.52 | -0.83% | 208.19 |
| FY 2024 Q4 | Dec 31, 2024 | 12,244.37 | 552.15 | 11,692.23 | 0.55× | 32.63% | — | — | — | — | 172.26 | 172.26 | 0.68% | 50.11 |
| FY 2024 Q3 | Sep 30, 2024 | 12,691.6 | 562.61 | 12,129 | 0.56× | 32.98% | — | — | — | — | 172.06 | 172.06 | 0.68% | 0 |
| FY 2024 Q2 | Jun 30, 2024 | 12,424.06 | 561.02 | 11,863.03 | 0.55× | 32.83% | — | — | — | — | 172.01 | 172.01 | 0.67% | 0 |
| FY 2024 Q1 | Mar 31, 2024 | 12,217.16 | 722.18 | 11,494.99 | 0.54× | 32.41% | — | — | — | — | 171.95 | 171.95 | 0.68% | 0 |
| FY 2023 Q4 | Dec 31, 2023 | 11,315.64 | 618.19 | 10,697.45 | 0.5× | 30.77% | — | — | — | — | 171.1 | 171.1 | 3.45% | — |
| FY 2023 Q3 | Sep 30, 2023 | 11,202.84 | 532.39 | 10,670.45 | 0.49× | 30.46% | — | — | — | — | 170.89 | 170.89 | 5.78% | — |
| FY 2023 Q2 | Jun 30, 2023 | 11,183.36 | 924.37 | 10,258.99 | 0.49× | 30.51% | — | — | — | — | 170.86 | 170.86 | 5.86% | — |
| FY 2023 Q1 | Mar 31, 2023 | 11,537.31 | 1,263.45 | 10,273.85 | 0.51× | 31.26% | — | — | — | — | 170.78 | 170.78 | 7.96% | — |
| FY 2022 Q4 | Dec 31, 2022 | 10,159.76 | 825.19 | 9,334.57 | 0.45× | 28.6% | — | — | — | — | 165.39 | 165.39 | 7.77% | — |
| FY 2022 Q3 | Sep 30, 2022 | 10,525.85 | 533.82 | 9,992.02 | 0.5× | 30.63% | — | — | — | — | 161.55 | 161.55 | 7.09% | — |
| FY 2022 Q2 | Jun 30, 2022 | 10,271.41 | 420.26 | 9,851.15 | 0.5× | 30.9% | — | — | — | — | 161.41 | 161.41 | 10.69% | — |
| FY 2022 Q1 | Mar 31, 2022 | 10,303.25 | 775.06 | 9,528.19 | 0.51× | 31.37% | — | — | — | — | 158.2 | 158.2 | 15.2% | — |
| FY 2021 Q4 | Dec 31, 2021 | 8,791.87 | 361.35 | 8,430.52 | 0.46× | 29.09% | — | — | — | — | 154.31 | 153.46 | 14.79% | — |
| FY 2021 Q3 | Sep 30, 2021 | 9,263.59 | 325.87 | 8,937.72 | 0.55× | 32.44% | — | — | — | — | 151.56 | 150.85 | 20.78% | — |
| FY 2021 Q2 | Jun 30, 2021 | 8,841 | 323.88 | 8,517.12 | 0.55× | 32.72% | — | — | — | — | 146.06 | 145.83 | 17.29% | — |
| FY 2021 Q1 | Mar 31, 2021 | 8,540.92 | 492.18 | 8,048.73 | 0.58× | 33.85% | — | — | — | — | 137.69 | 137.32 | 13.08% | — |
| FY 2020 Q4 | Dec 31, 2020 | 7,563.29 | 568.53 | 6,994.75 | 0.56× | 33.13% | — | — | — | — | 133.83 | 133.69 | 17.09% | — |
| FY 2020 Q3 | Sep 30, 2020 | 7,823.17 | 446.26 | 7,376.92 | 0.63× | 35.7% | — | — | — | — | 125.83 | 124.9 | 11.4% | — |
| FY 2020 Q2 | Jun 30, 2020 | 7,523.27 | 206.86 | 7,316.41 | 0.68× | 37.49% | — | — | — | — | 124.45 | 124.33 | 11.58% | — |
| FY 2020 Q1 | Mar 31, 2020 | 7,305.14 | 445.26 | 6,859.88 | 0.67× | 37.08% | — | — | — | — | 121.79 | 121.43 | 9.35% | — |
| FY 2019 Q4 | Dec 31, 2019 | 6,777.48 | 189.68 | 6,587.8 | 0.67× | 36.85% | — | — | — | — | 114.93 | 114.17 | 7.68% | — |
| FY 2019 Q3 | Sep 30, 2019 | 6,737.68 | 410.68 | 6,327.01 | 0.75× | 39.5% | — | — | — | — | 112.12 | 112.12 | 7.62% | — |
| FY 2019 Q2 | Jun 30, 2019 | 6,356.21 | 198.91 | 6,157.3 | 0.76× | 39.63% | — | — | — | — | 111.5 | 111.43 | 9.38% | — |
| FY 2019 Q1 | Mar 31, 2019 | 5,843.5 | 261.37 | 5,582.13 | 0.7× | 37.75% | — | — | — | — | 111.05 | 111.05 | 11.22% | — |
| FY 2018 Q4 | Dec 31, 2018 | 5,478.26 | 234.18 | 5,244.07 | 0.69× | 37.87% | — | — | — | — | 106.19 | 106.03 | 11.45% | — |
| FY 2018 Q3 | Sep 30, 2018 | 5,684 | 204.18 | 5,479.82 | 0.77× | 40.3% | — | — | — | — | 105.39 | 104.18 | 12.51% | — |
| FY 2018 Q2 | Jun 30, 2018 | 5,614.11 | 287.03 | 5,327.08 | 0.8× | 41.4% | — | — | — | — | 102.24 | 101.88 | 12.93% | — |
| FY 2018 Q1 | Mar 31, 2018 | 5,210.8 | 221.65 | 4,989.15 | 0.78× | 40.64% | — | — | — | — | 100.13 | 99.86 | 13.28% | — |
| FY 2017 Q4 | Dec 31, 2017 | 4,764.81 | 254.38 | 4,510.43 | 0.74× | 39.37% | — | — | — | — | 95.91 | 95.14 | 17.74% | — |
| FY 2017 Q3 | Sep 30, 2017 | 4,817.04 | 118.56 | 4,698.48 | 0.82× | 41.72% | — | — | — | — | 93.3 | 92.6 | 20.8% | — |
| FY 2017 Q2 | Jun 30, 2017 | 4,775.39 | 124.88 | 4,650.51 | 0.85× | 42.46% | — | — | — | — | 90.75 | 90.22 | 21.39% | — |
| FY 2017 Q1 | Mar 31, 2017 | 4,430.69 | 151.21 | 4,279.48 | 0.82× | 40.77% | — | — | — | — | 88.2 | 88.15 | 21.44% | — |
| FY 2016 Q4 | Dec 31, 2016 | 4,164.03 | 125.03 | 4,038.99 | 0.78× | 40.21% | — | — | — | — | 80.8 | 80.8 | 12.48% | — |
| FY 2016 Q3 | Sep 30, 2016 | 4,329.09 | 157.93 | 4,171.17 | 1.01× | 46.58% | — | — | — | — | 77.4 | 76.65 | 7.2% | — |
| FY 2016 Q2 | Jun 30, 2016 | 4,116.54 | 256 | 3,860.54 | 0.94× | 45.01% | — | — | — | — | 74.32 | 74.32 | — | — |
| FY 2016 Q1 | Mar 31, 2016 | 4,091.5 | 146.2 | 3,945.3 | 0.98× | 45.61% | — | — | — | — | 72.58 | 72.58 | — | — |
| FY 2015 Q4 | Dec 31, 2015 | 3,965.8 | 125.1 | 3,840.7 | 0.93× | 44.5% | — | — | — | — | 71.83 | 71.83 | — | — |
| FY 2015 Q3 | Sep 30, 2015 | 4,314.23 | 76.38 | 4,237.85 | 1.15× | 49.38% | — | — | — | — | 71.5 | 71.5 | — | — |
| FY 2015 Q2 | Jun 30, 2015 | 4,092.97 | 68.62 | 4,024.35 | 1.07× | 48.01% | — | — | — | — | — | — | — | — |
| FY 2015 Q1 | Mar 31, 2015 | 3,903.93 | 90.64 | 3,813.29 | 1.03× | 46.45% | — | — | — | — | — | — | — | — |
| FY 2014 Q4 | Dec 31, 2014 | 3,678.58 | 86.01 | 3,592.57 | 0.94× | 45.21% | — | — | — | — | — | — | — | — |
| FY 2014 Q3 | Sep 30, 2014 | 3,501.12 | 67.02 | 3,434.09 | 0.89× | 43.65% | — | — | — | — | — | — | — | — |
| FY 2014 Q2 | Jun 30, 2014 | 3,334.86 | 61.7 | 3,273.16 | 0.84× | 42.67% | — | — | — | — | — | — | — | — |
| FY 2014 Q1 | Mar 31, 2014 | 3,251.78 | 74.97 | 3,176.81 | 0.81× | 41.93% | — | — | — | — | — | — | — | — |
| FY 2013 Q4 | Dec 31, 2013 | 3,061.06 | 57.7 | 3,003.37 | 0.77× | 40.65% | — | — | — | — | — | — | — | — |
| FY 2013 Q3 | Sep 30, 2013 | 2,870.84 | 53.84 | 2,817 | 0.72× | 39.01% | — | — | — | — | — | — | — | — |
| FY 2013 Q2 | Jun 30, 2013 | 2,959.42 | 302.21 | 2,657.22 | 0.74× | 40.1% | — | — | — | — | 0.07 | 0.07 | -99.89% | — |
| FY 2013 Q1 | Mar 31, 2013 | 3,184.53 | 87 | 3,097.53 | 0.91× | 44.91% | — | — | — | — | 63.16 | 63.16 | -99.9% | — |
| FY 2012 Q4 | Dec 31, 2012 | 3,181.95 | 140.97 | 3,040.98 | 0.91× | 44.5% | — | — | — | — | 63.09 | 63.09 | 2.71% | — |
| FY 2012 Q3 | Sep 30, 2012 | 3,032.14 | 94.9 | 2,937.24 | 0.87× | 43.53% | — | — | — | — | 62.36 | 62.36 | 1.74% | — |
| FY 2012 Q2 | Jun 30, 2012 | 2,998.76 | 80.94 | 2,917.82 | 0.87× | 43.83% | — | — | — | — | 61.66 | 61.66 | 5.41% | — |
| FY 2012 Q1 | Mar 31, 2012 | 2,789.49 | 77.36 | 2,712.13 | 0.81× | 41.52% | — | — | — | — | 61,508.97 | 61,507.81 | 11.94% | — |
| FY 2011 Q4 | Dec 31, 2011 | 2,779.26 | 78.54 | 2,700.73 | 0.81× | 42.28% | — | — | — | — | 61.43 | 61.43 | 11.96% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | 73.06 | — | — | — | — | — | — | — | 61.3 | 61.3 | 23.07% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | 60.93 | — | — | — | — | — | — | — | 58.51 | 58.5 | 30.38% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | 78.2 | — | — | — | — | — | — | — | 54,967.76 | 54,948.35 | — | — |
| FY 2010 Q4 | Dec 31, 2010 | — | 91.23 | — | — | — | — | — | — | — | 54.89 | 54.87 | — | — |
| FY 2010 Q3 | Sep 30, 2010 | — | 110.81 | — | — | — | — | — | — | — | 49.83 | 49.81 | — | — |
| FY 2010 Q2 | Jun 30, 2010 | — | 73.25 | — | — | — | — | — | — | — | 44.87 | 44.87 | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.
Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.
Market prices: Yahoo Finance · ARE, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- Total debt
- Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
- Cash & equivalents
- Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
- Net debt
- Total debt − cash and equivalents. Negative means net cash.
- Debt / equity
- Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
- Debt / assets
- Total debt / total assets × 100.
- Net debt / EBITDA
- Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
- Debt / FCF
- Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
- Interest coverage
- TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
- Current ratio
- Current assets / positive current liabilities.
- Diluted shares
- Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
- Basic shares
- Reported weighted average basic shares, normalized for subsequent recorded stock splits.
- Share count growth
- Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
- Share repurchases
- Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.