Alexandria Real Estate Equities
Funds from operations is not shown for this company. It cannot be computed from what this company files — the inputs are absent from its XBRL, not zero. The figure marked in the table is operating cash flow instead.
| Basis | Payout | Why |
|---|---|---|
| GAAP earnings | negative | whyLost $8.44 per share — no earnings to pay from. |
| Operating cash flow | 64.5% | whyBefore capital spending. |
| Free cash flow | negative | whyOCF fell $457m short of capex — the dividend was not funded from free cash flow. |
Coverage rating 60 / 100 — Adequate. ? Peer standing · not rankedDirection 10/30Stability 20/20
Operating cash flow payout, last 6 years
| Fiscal year | Payout |
|---|---|
| 2025-12-31 | 64.5% |
| 2024-12-31 | 59.7% |
| 2023-12-31 | 52.0% |
| 2022-12-31 | 58.5% |
| 2021-12-31 | 64.9% |
| 2020-12-31 | 60.4% |
The arithmetic
- GAAP earnings — dividends declared per share $4.68 ÷ diluted EPS $-8.44
- Operating cash flow — dividends paid $911m ÷ operating cash flow $1,414m
- Free cash flow — dividends paid $911m ÷ (operating cash flow $1,414m − capex $1,871m)
Where the figures came from
- 10-K filed 2026-01-26 · accession 0001035443-26-000013
Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.
Caveats on this company
- ebitda built from net income (no operating income reported)
- FFO not derivable (derived (NAREIT approximation)) — REIT page not publishable
Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.
What the operating cash flow payout ratio measures, and where every company here sits on it.
Who else looks like this
Every figure above is computed from Alexandria Real Estate Equities’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules two investors published — free, and nothing you screen leaves your browser.