Alexandria Real Estate Equities (ARE) Operating Expenses (2009 - 2026)
Alexandria Real Estate Equities (ARE) recorded quarterly Operating Expenses of $634.4 million in Q1 2026, down 73.18% quarter-over-quarter from $2.4 billion in Q4 2025, and down 7.01% on a YoY basis from $682.2 million in Q1 2025.
Alexandria Real Estate Equities (ARE) Operating Expenses (2009 - 2026) Analysis & Trends
Alexandria Real Estate Equities' Operating Expenses history runs 18 years deep, the most recent figure standing at $634.4 million for Q1 2026.
- In Q1 2026, Operating Expenses fell 7.01% year-over-year to $634.4 million; the TTM figure through Mar 2026 stood at $4.8 billion (up 71.82% YoY), while the FY2025 annual figure was $4.8 billion, up 79.25% from the prior year.
- Operating Expenses was $634.4 million for Q1 2026 at Alexandria Real Estate Equities, down from $2.4 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.4 billion in Q4 2025 to a low of $492.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $762.1 million across 5 years, with a median of $629.2 million in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses declined 12.24% in 2024, then soared 179.78% in 2025.
- A 5-year view of Operating Expenses shows it stood at $555.5 million in 2022, then jumped by 56.81% to $871.1 million in 2023, then fell by 2.94% to $845.5 million in 2024, then jumped by 179.78% to $2.4 billion in 2025, then sank by 73.18% to $634.4 million in 2026.
- The last three Operating Expenses figures came in at $634.4 million (Q1 2026), $2.4 billion (Q4 2025), and $987.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.03 Bn | 9.03 Bn | - | 634.35 Mn |
| 2 | Cousins Properties | 4.85 Bn | 4.87 Bn | 180.52 Mn | 285.09 Mn |
| 3 | Kilroy Realty | 4.57 Bn | 4.57 Bn | -59.85 Mn | 208.92 Mn |
| 4 | Sl Green Realty | 3.90 Bn | 4.01 Bn | 252.80 Mn | 61.46 Mn |
| 5 | Copt Defense Properties | 3.85 Bn | 3.90 Bn | 195.09 Mn | 142.32 Mn |
| 6 | Highwoods Properties | 3.25 Bn | 3.27 Bn | - | 410.82 Mn |
| 7 | Douglas Emmett | 2.11 Bn | 3.29 Bn | 176.48 Mn | 202.02 Mn |
| 8 | Empire State Realty OP | 1.49 Bn | 1.49 Bn | - | 160.87 Mn |
| 9 | Piedmont Realty Trust | 1.15 Bn | 1.15 Bn | 85.99 Mn | 124.51 Mn |
| 10 | Easterly Government Properties | 1.12 Bn | 1.17 Bn | 71.01 Mn | 71.63 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 634.35 Mn |
| Dec 31, 2025 | 2.37 Bn |
| Sep 30, 2025 | 987.52 Mn |
| Jun 30, 2025 | 784.59 Mn |
| Mar 31, 2025 | 682.16 Mn |
| Dec 31, 2024 | 845.49 Mn |
| Sep 30, 2024 | 620.50 Mn |
| Jun 30, 2024 | 629.16 Mn |
| Mar 31, 2024 | 593.76 Mn |
| Dec 31, 2023 | 871.12 Mn |
| Sep 30, 2023 | 565.10 Mn |
| Jun 30, 2023 | 716.92 Mn |
| Mar 31, 2023 | 534.19 Mn |
| Dec 31, 2022 | 555.53 Mn |
| Sep 30, 2022 | 567.84 Mn |
| Jun 30, 2022 | 509.33 Mn |
| Mar 31, 2022 | 492.36 Mn |
| Dec 31, 2021 | 491.49 Mn |
| Sep 30, 2021 | 493.07 Mn |
| Jun 30, 2021 | 411.97 Mn |