ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) — payout ratio, three ways
Fiscal year ending 2025-12-31 · sector Real estate · computed from SEC filings, not taken from a data vendor.
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 it differs |
|---|---|---|
| GAAP earnings | negative | The company lost $8.44 per share, so there are no earnings to pay a dividend out of and no ratio exists. |
| Operating cash flow | 64.5% | Before capital spending, so it understates the payout that free cash flow shows. |
| Free cash flow | negative | Operating cash flow was $457m short of capital spending, so no ratio exists. The dividend was not funded from free cash flow this year. |
The arithmetic
- GAAP earnings — dividends declared per share $4.68 ÷ diluted EPS $-8.44
- Operating cash flow — dividends paid $911.5m ÷ operating cash flow $1,414.0m
- Free cash flow — dividends paid $911.5m ÷ (operating cash flow $1,414.0m − capex $1,870.9m)
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 my 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 me — that is more useful to me than agreement.