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Revenue By Segment
Details revenue across different business lines (e.g., long‑term lab leases, tenant recoveries, development gains, management services) to reveal whether growth is coming from repeatable leasing activity or episodic development events that may not persist.
Alexandria Equities’ same‑property rental income shows durable organic strength, settling in the low‑400M range, but total revenue has been propped up by highly lumpy non‑same contributions that habitually spike in Q4. Those acquisition/lease‑start inflows have collapsed in early‑2026 and tenant recoveries have rolled over, removing a secondary growth lever. In short, the core portfolio is stable, yet near‑term revenue and FFO hinge on renewed deal cadence or higher recoverables rather than further same‑property expansion alone.
ARE Revenue By Segment
| Date | Same Properties Rental Income | Non-Same Properties Rental Income | Tenant Recoveries |
|---|---|---|---|
| Sep 30, 2026 | $600.41M | $53.21M | $172.27M |
| Jun 30, 2026 | $434.78M | $51.81M | $156.62M |
| Mar 31, 2026 | $431.44M | $43.34M | $178.23M |
| Dec 31, 2025 | $325.08M | $213.25M | $190.54M |
| Sep 30, 2025 | $430.65M | $110.42M | $194.78M |
| Jun 30, 2025 | $462.62M | $90.75M | $183.90M |
| Mar 31, 2025 | $469.39M | $82.72M | $191.06M |
| Dec 31, 2024 | $315.33M | $251.21M | $196.71M |
| Sep 30, 2024 | $452.42M | $127.15M | $196.18M |
| Jun 30, 2024 | $464.92M | $111.92M | $178.33M |
| Mar 31, 2024 | $452.99M | $128.41M | $174.15M |
| Dec 31, 2023 | $214.42M | $347.01M | $181.21M |
| Sep 30, 2023 | $424.46M | $101.89M | $181.18M |
| Jun 30, 2023 | $442.48M | $95.41M | $166.45M |
| Mar 31, 2023 | $413.67M | $104.63M | $169.65M |
| Dec 31, 2022 | $267.67M | $231.68M | $166.33M |
| Sep 30, 2022 | $382.28M | $113.86M | $160.71M |
| Jun 30, 2022 | $378.13M | $106.94M | $155.89M |
| Mar 31, 2022 | $357.30M | $112.24M | $143.02M |
| Dec 31, 2021 | $273.29M | $162.35M | $139.02M |
| Sep 30, 2021 | $323.38M | $92.53M | $130.61M |
| Jun 30, 2021 | $321.45M | $75.35M | $111.57M |
| Mar 31, 2021 | $302.04M | $68.20M | $108.46M |
| Dec 31, 2020 | $214.21M | $139.74M | $107.39M |
| Sep 30, 2020 | $277.81M | $160.58M | $105.02M |
| Jun 30, 2020 | $272.95M | $68.60M | $94.30M |
| Mar 31, 2020 | $266.15M | $71.79M | $99.66M |
