Alexandria Real Estate Equities (ARE) Operating Expenses (2009 - 2026)
Alexandria Real Estate Equities (ARE) posted quarterly Operating Expenses of $634.4 million for Q1 2026, down 7.01% year-over-year from $682.2 million in Q1 2025, and down 73.18% quarter-over-quarter from $2.4 billion in Q4 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 for Q1 2026 stood at $634.4 million, down from $2.4 billion in the prior quarter.
- The five-year high for Operating Expenses was $2.4 billion in Q4 2025, with the low at $492.4 million in Q1 2022.
- The 5-year median for Operating Expenses is $629.2 million (2024), against an average of $762.1 million.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses dropped 12.24% in 2024, then surged 179.78% in 2025.
- Alexandria Real Estate Equities' Operating Expenses stood at $555.5 million in 2022, then soared by 56.81% to $871.1 million in 2023, then declined by 2.94% to $845.5 million in 2024, then soared by 179.78% to $2.4 billion in 2025, then plunged by 73.18% to $634.4 million in 2026.
- Business Quant data shows ARE's Operating Expenses at $634.4 million in Q1 2026, $2.4 billion in Q4 2025, and $987.5 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alexandria Real Estate Equities | 9.06 Bn | 7.96 Bn | - | 835.39 Mn |
| 2 | Cousins Properties | 4.86 Bn | 4.86 Bn | 183.86 Mn | 249.25 Mn |
| 3 | Kilroy Realty | 4.28 Bn | 4.28 Bn | 212.24 Mn | 207.02 Mn |
| 4 | Copt Defense Properties | 4.18 Bn | 4.18 Bn | 191.37 Mn | 134.16 Mn |
| 5 | Sl Green Realty | 4.12 Bn | 4.12 Bn | 263.98 Mn | 60.25 Mn |
| 6 | Highwoods Properties | 3.47 Bn | 3.13 Bn | - | 159.11 Mn |
| 7 | Douglas Emmett | 1.99 Bn | 1.64 Bn | 178.95 Mn | 206.20 Mn |
| 8 | Empire State Realty OP | 1.25 Bn | 1.25 Bn | - | 335.61 Mn |
| 9 | Piedmont Realty Trust | 1.22 Bn | 1.22 Bn | 88.14 Mn | 123.54 Mn |
| 10 | Easterly Government Properties | 1.15 Bn | 1.15 Bn | 72.41 Mn | 70.43 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 835.39 Mn |
| 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 |