ALEXANDRIA REAL ESTATE EQUITIES, INC.
For the period ended Sep 30, 2026. Filed Oct 26, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 26, 2026
ARE$44.70-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Alexandria Real Estate Equities, Inc.Consolidated Statements of Cash Flows(In thousands)(Unaudited) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2026 | 2025 | |
| Operating Activities: | ||
| Net loss | $(239,524) | $(221,372) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 914,244 | 1,028,415 |
| Impairment of real estate | 865,873 | 485,630 |
| Gain on sales of real estate | — | (22,531) |
| (Gain) loss on early extinguishment of debt | (363,112) | 107 |
| Equity in (earnings) losses of unconsolidated real estate joint ventures | (341) | 9,327 |
| Distributions of earnings from unconsolidated real estate joint ventures | 1,004 | 1,749 |
| Amortization of loan fees | 13,267 | 13,811 |
| Amortization of debt discounts | 1,025 | 1,009 |
| Amortization of acquired above- and below-market leases | (22,229) | (31,874) |
| Deferred rent | (21,229) | (59,380) |
| Stock compensation expense | 33,131 | 32,887 |
| Investment (income) losses | (152,635) | 52,453 |
| Changes in operating assets and liabilities: | ||
| Tenant receivables | 473 | 12 |
| Deferred leasing costs | (54,052) | (64,259) |
| Other assets | (28,523) | (37,647) |
| Accounts payable, accrued expenses, and other liabilities | (71,962) | (86,669) |
| Net cash provided by operating activities | 875,410 | 1,101,668 |
| Investing Activities: | ||
| Proceeds from sales of real estate | 236,286 | 227,105 |
| Additions to investments in real estate | (1,328,092) | (1,538,613) |
| Sale of interests in unconsolidated real estate joint ventures | 1,917 | — |
| Investments in unconsolidated real estate joint ventures | (557) | (11,239) |
| Change in escrow deposits | — | (7,364) |
| Return of capital from unconsolidated real estate joint ventures | 113 | 458 |
| Additions to non-real estate investments | (199,266) | (184,952) |
| Sales of and distributions from non-real estate investments | 123,660 | 77,067 |
| Net cash used in investing activities | $(1,165,939) | $(1,437,538) |
| Alexandria Real Estate Equities, Inc.Consolidated Statements of Cash Flows(In thousands)(Unaudited) | ||
|---|---|---|
| Nine Months Ended September 30, | ||
| 2026 | 2025 | |
| Financing Activities: | ||
| Borrowings under secured notes payable | $— | $4,031 |
| Repayments of borrowings under secured notes payable | (8,892) | (154,212) |
| Proceeds from issuance of unsecured senior notes payable | 747,592 | 548,532 |
| Repayments of unsecured senior notes payable | (1,602,203) | (600,000) |
| Proceeds from issuance of junior subordinated notes payable | 1,000,000 | — |
| Proceeds from issuances under commercial paper program | 38,494,264 | 15,378,015 |
| Repayments of borrowings under commercial paper program | (37,755,314) | (13,828,015) |
| Payments of loan fees | (57,893) | (5,307) |
| Taxes paid related to net settlement of equity awards | (10,594) | (17,207) |
| Repurchase of common stock | — | (208,187) |
| Dividends on common stock | (371,427) | (684,419) |
| Contributions from and sales of noncontrolling interests | 36,604 | 132,162 |
| Distributions to noncontrolling interests | (171,248) | (186,725) |
| Purchases and redemptions of noncontrolling interests | (49,822) | (17,818) |
| Net cash provided by financing activities | 251,067 | 360,850 |
| Effect of foreign exchange rate changes on cash and cash equivalents | (530) | (648) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (39,992) | 24,332 |
| Cash, cash equivalents, and restricted cash as of the beginning of period | 553,755 | 559,847 |
| Cash, cash equivalents, and restricted cash as of the end of period | $513,763 | $584,179 |
| Supplemental Disclosure and Non-Cash Investing and Financing Activities: | ||
| Cash paid during the period for interest, net of interest capitalized | $191,189 | $128,808 |
| Accrued construction for current-period additions to real estate | $248,232 | $233,622 |
| Transfer of real estate assets and/or equipment from tenants | $405,733 | $171,153 |
| Acquisition of real estate and other assets in connection with the assumption of related secured notes payable of an unconsolidated real estate joint venture | $8,892 | $— |
| Notes receivable issued in connection with sales of real estate | $— | $91,000 |
| Derecognition of net investment in real estate from sales-type lease | $— | $4,677 |
| Reallocation of additional paid-in capital to consolidated joint venture partner’s noncontrolling interest | $— | $20,000 |
| Exchange of joint venture interests: | ||
| Disposition of our interest in Pacific Technology Park | $— | $82,392 |
| Acquisition of our partner’s noncontrolling interest in 199 East Blaine Street | $— | $96,543 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.