--- title: "Alexandria Real Estate: Business Model" description: "Alexandria Real Estate Equities revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained." canonical: https://www.getswoopr.com/stocks/companies/alexandria-real-estate-equities/business-model/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Alexandria Real Estate Equities: Business Model & Revenue Engine ## Direct Answer Alexandria Real Estate Equities reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Reportable Segment Aggregation Before Other Operating is the largest, with $2.8 billion of revenue (94% of the total), followed by All Other at $191 million (6%). ## How Does Alexandria Real Estate Equities Make Money? Reportable Segment Aggregation Before Other Operating supplies 94% of revenue, so Alexandria Real Estate Equities's results move mostly with that one business; the others matter more for diversification than for the headline number. Between fiscal 2024 and 2025, All Other grew fastest (+1.3%) and Reportable Segment Aggregation Before Other Operating slowest (-3.2%), so the revenue mix tilts toward All Other while that gap lasts. | Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change | | --- | --- | --- | --- | --- | | Reportable Segment Aggregation Before Other Operating | $2.8 billion | $2.9 billion | 93.7% | -3.2% | | All Other | $191 million | $189 million | 6.3% | 1.3% | ![Bar chart of Alexandria Real Estate Equities revenue by segment for fiscal 2025: Reportable Segment Aggregation Before Other Operating 93.7%, All Other 6.3%.](https://www.getswoopr.com/images/charts/alexandria-real-estate-equities-business-model-segment-mix.webp) *Alexandria Real Estate Equities revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.* ## What the Segment Figures Do Not Show The rows above add up to 100% of Alexandria Real Estate Equities's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin. ## Where These Numbers Come From Every figure on this page is a value Alexandria Real Estate Equities reported in the segment note and revenue disclosures of its Form 10-K filed January 26, 2026 (accession 0001035443-26-000013), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading. Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What are Alexandria Real Estate Equities's business segments? In its fiscal 2025 Form 10-K, Alexandria Real Estate Equities reports revenue for Reportable Segment Aggregation Before Other Operating and All Other. ### Which part of Alexandria Real Estate Equities brings in the most revenue? Reportable Segment Aggregation Before Other Operating, with $2.8 billion of revenue in fiscal 2025, or 94% of the total. ### Where does Alexandria Real Estate Equities report its segment results? In the segment note to the financial statements in its Form 10-K, most recently filed January 26, 2026, alongside management's discussion of each segment's results. ## References - [SEC EDGAR: ALEXANDRIA REAL ESTATE EQUITIES, INC. Form 10-K filed January 26, 2026](https://www.sec.gov/Archives/edgar/data/1035443/000103544326000013/are-20251231.htm) - [SEC EDGAR: ALEXANDRIA REAL ESTATE EQUITIES, INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1035443&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) - [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets) ## Related Pages - [Alexandria Real Estate Equities company dossier](https://www.getswoopr.com/stocks/companies/alexandria-real-estate-equities/) - [Alexandria Real Estate Equities financial metrics](https://www.getswoopr.com/stocks/companies/alexandria-real-estate-equities/metrics/) - [Alexandria Real Estate Equities financial risk indicators](https://www.getswoopr.com/stocks/companies/alexandria-real-estate-equities/risks/) - [Alexandria Real Estate Equities peer comparison](https://www.getswoopr.com/stocks/companies/alexandria-real-estate-equities/competitors/) - [Alexandria Real Estate Equities business model and revenue mix](https://www.getswoopr.com/stocks/companies/alexandria-real-estate-equities/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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