Alexandria Real Estate Equities, Inc.

ARE

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
3,050
Cost of Revenue
909
Gross Profit
2,140
Gross Margin
70.2%
Operating Income
770
Operating Margin
25.2%
Net Income
323
Net Margin
10.6%
EPS (Basic)
$1.80
EPS (Diluted)
$1.80
EBITDA
1,899
EBITDA Margin
62.3%

2023

12/31/2023

Revenue
2,842
Cost of Revenue
859
Gross Profit
1,983
Gross Margin
69.8%
Operating Income
690
Operating Margin
24.3%
Net Income
104
Net Margin
3.6%
EPS (Basic)
$0.54
EPS (Diluted)
$0.54
EBITDA
1,449
EBITDA Margin
51.0%

2022

12/31/2022

Revenue
2,589
Cost of Revenue
783
Gross Profit
1,806
Gross Margin
69.8%
Operating Income
627
Operating Margin
24.2%
Net Income
522
Net Margin
20.1%
EPS (Basic)
$3.18
EPS (Diluted)
$3.18
EBITDA
1,629
EBITDA Margin
62.9%

2021

12/31/2021

Revenue
2,114
Cost of Revenue
624
Gross Profit
1,491
Gross Margin
70.5%
Operating Income
530
Operating Margin
25.1%
Net Income
417
Net Margin
19.7%
EPS (Basic)
$2.84
EPS (Diluted)
$2.83
EBITDA
1,351
EBITDA Margin
63.9%

2020

12/31/2020

Revenue
1,886
Cost of Revenue
530
Gross Profit
1,355
Gross Margin
71.9%
Operating Income
532
Operating Margin
28.2%
Net Income
591
Net Margin
31.4%
EPS (Basic)
$4.69
EPS (Diluted)
$4.67
EBITDA
1,230
EBITDA Margin
65.2%