Filing Flows › Alexandria Real Estate Equities (ARE) › Q2 2025
Alexandria Real Estate Equities (ARE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 21, 2025
Alexandria Real Estate Equities (ARE) reported revenue of $762M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and +0.5% from the quarter before. Operating margin was -3.0%, net loss $62.2M (8.2% of revenue).
Alexandria Real Estate Equities, Q2 2025: revenue $762M (-0.6% year over year), operating margin -3.0%, net loss $62.2M, operating cash flow $460M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $762M | +0.5% | -0.6% |
| Operating profit | −$22.5M | -130% | — |
| Net earnings | −$62.2M | -261% | — |
| Operating cash flow | $460M | +121% | +12% |
| Free cash flow | $25.1M | — | — |
What changed
Revenue was $762.0M in Q2 2025, down 1% year over year and up 1% from the previous quarter. Income from rentals was the largest line at 97% of revenue. Income from rentals lost $17.9M year over year (down 2%), 381% of the total change.
Operating costs exceeded revenue by $22.5M, an operating margin of -3.0%. Total costs grew 25% against a revenue fall of 1%. The fastest-growing cost line was Other operating costs (+29%). The quarter ended with a net loss of $62.2M, after a profit of $38.7M the previous quarter. Net interest and other expense of $39.6M was the main reason.
Operating cash flow was $460.2M (up 12% year over year). Non-cash charges added back $346.1M of depreciation and amortization and $12.5M of share-based compensation. Working capital and other items added $163.8M. Capital expenditures of $435.2M left free cash flow of $25.1M.
Questions
What was Alexandria Real Estate Equities' revenue in the second quarter 2025?
Alexandria Real Estate Equities (ARE) reported revenue of $762M for the second quarter 2025 (Q2 2025), -0.6% from a year earlier and +0.5% from the quarter before.
Was Alexandria Real Estate Equities profitable in the second quarter 2025?
Operating loss was $22.5M (-3.0% of revenue) and net loss $62.2M.