For the year ending 2025-12-31, ARE had -$6,092K decrease in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net (loss) income | -1,216,726 | 510,733 | 280,994 | 670,701 |
| Depreciation and amortization | 1,350,478 | 1,202,380 | 1,093,473 | 1,002,146 |
| Impairment of real estate | 2,202,818 | 223,068 | 461,114 | 64,969 |
| Gain on sales of real estate | 642,445 | 129,312 | 277,037 | 537,918 |
| Loss on early extinguishment of debt | -107 | 0 | 0 | -3,317 |
| Equity in losses (earnings) of unconsolidated real estate joint ventures | -9,631 | 7,059 | 980 | 645 |
| Distributions of earnings from unconsolidated real estate joint ventures | 2,179 | 2,982 | 3,257 | 3,374 |
| Amortization of loan fees | 18,292 | 17,130 | 15,486 | 13,549 |
| Amortization of debt discounts | 1,336 | 1,309 | 1,207 | 384 |
| Amortization of acquired above- and below-market leases | -37,763 | -85,679 | -93,331 | -74,346 |
| Deferred rent | 73,476 | 143,329 | 133,917 | 118,003 |
| Stock compensation expense | 41,119 | 59,634 | 82,858 | 57,740 |
| Investment loss | -56,343 | -53,122 | -195,397 | -331,758 |
| Tenant receivables | 252 | -1,766 | 102 | 273 |
| Deferred leasing costs | 123,195 | 108,346 | 109,339 | 181,322 |
| Other assets | 56,577 | 37,052 | -798 | 18,960 |
| Accounts payable, accrued expenses, and other liabilities | -117,823 | -56,823 | 110,672 | 77,850 |
| Net cash provided by operating activities | 1,414,046 | 1,504,524 | 1,630,550 | 1,294,321 |
| Proceeds from sales of real estate | 2,320,875 | 1,220,206 | 1,195,743 | 994,331 |
| Additions to real estate | 1,870,924 | 2,422,625 | 3,418,296 | 3,307,313 |
| Purchases of real estate | 0 | 248,699 | 265,750 | 2,877,861 |
| Change in escrow deposits | 7,364 | -3,864 | 5,582 | -155,968 |
| Sales of interest in unconsolidated real estate joint ventures | - | - | 0 | 0 |
| Acquisitions of interest in unconsolidated real estate joint venture | - | - | 0 | 0 |
| Investments in unconsolidated real estate joint ventures | 11,296 | 3,927 | 658 | 1,442 |
| Return of capital from unconsolidated real estate joint ventures | 566 | 2,916 | 0 | 471 |
| Additions to non-real estate investments | 238,763 | 236,357 | 189,472 | 242,932 |
| Sales of and distributions from non-real estate investments | 169,003 | 173,927 | 183,396 | 198,320 |
| Net cash provided by (used in) investing activities | 362,097 | -1,510,695 | -2,500,619 | -5,080,458 |
| Borrowings under secured notes payable | 4,031 | 29,919 | 59,957 | 49,715 |
| Repayments of borrowings under secured notes payable | 154,212 | 32 | 30 | 934 |
| Payment for the defeasance of secured note payable | - | 0 | 0 | 198,304 |
| Proceeds from issuances of unsecured senior notes payable | 548,532 | 998,806 | 996,205 | 1,793,318 |
| Repayments of unsecured senior notes payable | - | - | 0 | 0 |
| Repayment of unsecured senior notes payable | 600,000 | - | - | - |
| Borrowings under unsecured senior line of credit | 700,000 | 0 | 1,245,000 | 1,181,000 |
| Repayments of borrowings under unsecured senior line of credit | 700,000 | 0 | 1,245,000 | 1,181,000 |
| Proceeds from issuances under commercial paper program | 25,426,375 | 13,010,600 | 9,234,000 | 14,641,500 |
| Repayments of borrowings under commercial paper program | 25,072,875 | 13,110,600 | 9,134,000 | 14,911,500 |
| Premium paid for early extinguishment of debt | - | - | 0 | 0 |
| Payments of loan fees | 5,307 | 35,871 | 16,047 | 35,612 |
| Taxes paid related to net settlement of equity awards | 24,409 | 62,413 | 24,592 | 47,289 |
| Proceeds from issuance of common stock | 0 | 27,103 | 103,846 | 2,346,444 |
| Repurchase of common stock | 208,187 | 50,107 | - | - |
| Dividends on common stock | 911,450 | 898,557 | 847,483 | 757,742 |
| Contributions from and sales of noncontrolling interests | 165,488 | 306,473 | 547,391 | 1,542,347 |
| Distributions to and purchases of noncontrolling interests | 951,780 | 308,636 | 245,091 | 192,171 |
| Net cash (used in) provided by financing activities | -1,783,794 | -93,315 | 674,156 | 4,229,772 |
| Effect of foreign exchange rate changes on cash and cash equivalents | 1,559 | -1,438 | -1,291 | -887 |
| Net decrease in cash, cash equivalents, and restricted cash | -6,092 | -100,924 | -197,204 | 442,748 |
| Cash and cash equivalents at beginning of period | 559,847 | 660,771 | 857,975 | 415,227 |
| Cash and cash equivalents at end of period | 553,755 | 559,847 | 660,771 | 857,975 |
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE)
ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE)