Alexandria Real Estate Equities (ARE) FCF Margin (2009 - 2026)
Alexandria Real Estate Equities (ARE) reported FCF Margin of -5.51% for Q3 2026, down 2.27 percentage points from -3.23% a year earlier but up 4.54 percentage points from the prior quarter.
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Analysis
Alexandria Real Estate Equities (ARE) FCF Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Alexandria Real Estate Equities' FCF Margin came in at -17.15%, up 6.10 percentage points year-over-year; for FY2025, it came in at -15.47%, up 22.10 percentage points from FY2024.
- FCF Margin has increased for four consecutive years, with a five-year change of +150.88 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at -37.57% in FY2024 (+33.62 pp), -71.18% in FY2023 (+117.78 pp), -188.97% in FY2022 (+119.81 pp) and -308.78% in FY2021 (-142.42 pp).
- Five-year quarterly FCF Margin spans a low of -386.86% in Q1 2022 and a high of 3.28% in Q2 2025.
- Year over year, FCF Margin gained in six of the last eight quarters, with an average year-over-year change of +12.42 percentage points.
- The high point for year-over-year FCF Margin in five years was Q1 2023 (a gain of 280.48 percentage points); the low point was Q4 2021 (a drop of 176.05 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at -10.05% (Q2 2026), -52.11% (Q1 2026) and -2.65% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 179.36 Bn | 166.43 Bn | 1.47 Bn | -78.67% |
| 2 | Prologis | 122.34 Bn | 120.73 Bn | - | 8.67% |
| 3 | Simon Property | 79.95 Bn | 78.05 Bn | - | 45.30% |
| 4 | Public Storage | 62.14 Bn | 61.58 Bn | 112.08 Mn | 61.86% |
| 5 | Realty Income | 55.95 Bn | 57.33 Bn | - | -70.50% |
| 6 | Ventas | 47.02 Bn | 46.18 Bn | -3.39 Bn | -44.56% |
| 7 | Ryman Hospitality Properties | 46.62 Bn | 45.46 Bn | 266.41 Mn | 10.98% |
| 8 | Vivmark Residential | 37.34 Bn | 37.09 Bn | - | -58.77% |
| 9 | Extra Space Storage | 33.12 Bn | 32.90 Bn | 650.96 Mn | 42.53% |
| 10 | Alexandria Real Estate Equities | 7.64 Bn | 3.65 Bn | - | -5.51% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -5.51% |
| Jun 30, 2026 | -10.05% |
| Mar 31, 2026 | -52.11% |
| Dec 31, 2025 | -2.65% |
| Sep 30, 2025 | -3.23% |
| Jun 30, 2025 | 3.28% |
| Mar 31, 2025 | -59.21% |
| Dec 31, 2024 | -33.42% |
| Sep 30, 2024 | -27.04% |
| Jun 30, 2024 | -18.74% |
| Mar 31, 2024 | -71.43% |
| Dec 31, 2023 | -52.46% |
| Sep 30, 2023 | -55.35% |
| Jun 30, 2023 | -72.34% |
| Mar 31, 2023 | -106.37% |
| Dec 31, 2022 | -143.29% |
| Sep 30, 2022 | -136.60% |
| Jun 30, 2022 | -101.14% |
| Mar 31, 2022 | -386.86% |
| Dec 31, 2021 | -344.41% |
API Access
Alexandria Real Estate Equities FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ARE&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ARE", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ARE&period=max&api_key=YOUR_API_KEY");
const data = await res.json();