Filing Flows › Alexandria Real Estate Equities (ARE) › Q3 2026
Alexandria Real Estate Equities (ARE) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 26, 2026
Alexandria Real Estate Equities (ARE) reported revenue of $671M for the third quarter 2026 (Q3 2026), -11% from a year earlier and +1% from the quarter before. Operating margin was -92.3%, net loss $599M (89.2% of revenue).
Alexandria Real Estate Equities, Q3 2026: revenue $671M (-11% year over year), operating margin -92.3%, net loss $599M, operating cash flow $342M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $671M | +1% | -11% |
| Operating profit | −$620M | — | — |
| Net earnings | −$599M | — | — |
| Operating cash flow | $342M | +1% | -21% |
What changed
Revenue was $671.2M in Q3 2026, down 11% 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 $82.2M year over year (down 11%), 102% of the total change.
Operating costs exceeded revenue by $619.7M, an operating margin of -92.3%. Total costs grew 31% against a revenue fall of 11%. The fastest-growing cost line was General & admin (+40%). The quarter ended with a net loss of $598.9M, wider than the previous quarter's $39.0M loss.
Operating cash flow was $341.8M (down 21% year over year). Non-cash charges added back $304.4M of depreciation and amortization and $12.0M of share-based compensation. Working capital and other items added $624.4M. Capital expenditures of $378.8M exceeded it, leaving free cash flow of −$37.0M.
Questions
What was Alexandria Real Estate Equities' revenue in the third quarter 2026?
Alexandria Real Estate Equities (ARE) reported revenue of $671M for the third quarter 2026 (Q3 2026), -11% from a year earlier and +1% from the quarter before.
Was Alexandria Real Estate Equities profitable in the third quarter 2026?
Operating loss was $620M (-92.3% of revenue) and net loss $599M.