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% |
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.