Filing Flows › Alexandria Real Estate Equities (ARE) › Q2 2026
Alexandria Real Estate Equities (ARE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Alexandria Real Estate Equities (ARE) reported revenue of $663M for the second quarter 2026 (Q2 2026), -13% from a year earlier and -1% from the quarter before. Operating margin was -26.0%, net loss $39.0M (5.9% of revenue).
Alexandria Real Estate Equities, Q2 2026: revenue $663M (-13% year over year), operating margin -26.0%, net loss $39.0M, operating cash flow $337M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $663M | -1% | -13% |
| Operating profit | −$173M | -571% | — |
| Net earnings | −$39.0M | -111% | — |
| Operating cash flow | $337M | +71% | -27% |
What changed
Revenue was $662.8M in Q2 2026, down 13% year over year and down 1% from the previous quarter. Income from rentals was the largest line at 97% of revenue. Income from rentals lost $94.1M year over year (down 13%), 95% of the total change.
Operating costs exceeded revenue by $172.6M, an operating margin of -26.0%. Total costs grew 6% against a revenue fall of 13%. The fastest-growing cost line was General & admin (+27%). The quarter ended with a net loss of $39.0M, after a profit of $398.4M the previous quarter. Non-operating items added $133.6M, -343% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $337.0M (down 27% year over year). Non-cash charges added back $304.4M of depreciation and amortization and $10.1M of share-based compensation. Working capital and other items added $61.4M. Capital expenditures of $403.3M exceeded it, leaving free cash flow of −$66.4M.
Questions
What was Alexandria Real Estate Equities' revenue in the second quarter 2026?
Alexandria Real Estate Equities (ARE) reported revenue of $663M for the second quarter 2026 (Q2 2026), -13% from a year earlier and -1% from the quarter before.
Was Alexandria Real Estate Equities profitable in the second quarter 2026?
Operating loss was $173M (-26.0% of revenue) and net loss $39.0M.