Alexandria Real Estate Equities (ARE) Operating Expenses (2009 - 2026)
Alexandria Real Estate Equities (ARE) posted Operating Expenses of $835.4 million for Q2 2026, up 31.69% on a QoQ basis from $634.4 million in Q1 2026, and up 6.48% year-over-year from $784.6 million in Q2 2025.
Analysis
Alexandria Real Estate Equities (ARE) Operating Expenses (2009 - 2026) Analysis & Trends
Alexandria Real Estate Equities has reported Operating Expenses for 18 years, with the latest figure at $835.4 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 6.48% year-over-year to $835.4 million in Q2 2026; TTM through Jun 2026 was $4.8 billion, a 64.45% increase from a year earlier, with the FY2025 full-year figure at $4.8 billion, up 79.25% from the prior year.
- Operating Expenses was $835.4 million for Q2 2026 at Alexandria Real Estate Equities, up from $634.4 million 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.
- Average Operating Expenses over 5 years is $766.2 million, with a median of $631.8 million recorded in 2024.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses fell 12.24% in 2024, then jumped 179.78% in 2025.
- Over 5 years, Operating Expenses stood at $555.5 million in 2022, then surged by 56.81% to $871.1 million in 2023, then retreated by 2.94% to $845.5 million in 2024, then surged by 179.78% to $2.4 billion in 2025, then tumbled by 64.68% to $835.4 million in 2026.
- The last three Operating Expenses figures came in at $835.4 million (Q2 2026), $634.4 million (Q1 2026), and $2.4 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield Property Partners | 15.48 Bn | 13.99 Bn | - | 2.15 Bn |
| 2 | Alexandria Real Estate Equities | 8.61 Bn | 7.50 Bn | - | 835.39 Mn |
| 3 | Cousins Properties | 4.59 Bn | 4.59 Bn | 183.86 Mn | 249.25 Mn |
| 4 | Kilroy Realty | 4.11 Bn | 4.11 Bn | 212.24 Mn | 207.02 Mn |
| 5 | Copt Defense Properties | 3.97 Bn | 3.97 Bn | 191.37 Mn | 134.16 Mn |
| 6 | Sl Green Realty | 3.71 Bn | 3.71 Bn | 263.98 Mn | 60.25 Mn |
| 7 | Highwoods Properties | 3.33 Bn | 2.99 Bn | - | 159.11 Mn |
| 8 | Douglas Emmett | 1.81 Bn | 1.45 Bn | 178.95 Mn | 206.20 Mn |
| 9 | Alexanders | 1.32 Bn | 1.01 Bn | - | 38.24 Mn |
| 10 | American Assets Trust | 1.31 Bn | 1.31 Bn | - | 83.18 Mn |
Historic Data
Download Data
Historic 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 |