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
DateValue
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