XML 82 R38.htm IDEA: XBRL DOCUMENT v3.25.3

Segment Reporting (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table presents the reportable segment profit or loss measure, NOI, for the three and nine months ended

September 30, 2025 and 2024 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Reportable segment revenues:
Revenues from external customers	$700,635		$733,817		$2,103,291		$2,168,331
Other income	7,764		12,173		24,779		23,526
Reportable segment total revenues	708,399		745,990		2,128,070		2,191,857
Reportable segment total rental operating expenses	(222,441)		(215,563)		(647,279)		(606,584)
Reportable segment net operating income (reportable segment profit or loss)	$485,958		$530,427		$1,480,791		$1,585,273

Reconciliation of Operating Profit (Loss) from Segments to Consolidated

Presented below are reconciliations of the reportable segment total revenues to the consolidated revenues, the reportable

segment total rental operating expenses to consolidated rental operations, the reportable segment NOI to the consolidated net income,

and the reportable segment investments in real estate assets to the consolidated investments in real estate assets (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
Reconciliation of reportable segment revenues to consolidated total revenues:
Reportable segment total revenues	$708,399		$745,990		$2,128,070		$2,191,857
All other revenues	43,545		45,617		144,072		135,592
Consolidated revenues	$751,944		$791,607		$2,272,142		$2,327,449
Reconciliation of reportable segment total rental operating expenses to consolidated rental operations:
Reportable segment total rental operating expenses	$(222,441)		$(215,563)		$(647,279)		$(606,584)
All other rental operating expenses	(16,793)		(17,702)		(42,783)		(62,249)
Consolidated rental operations	$(239,234)		$(233,265)		$(690,062)		$(668,833)
Reconciliation of reportable segment net operating income to consolidated net income:
Reportable segment net operating income (reportable segment profit or loss)	$485,958		$530,427		$1,480,791		$1,585,273
All other revenues	43,545		45,617		144,072		135,592
All other rental operating expenses	(16,793)		(17,702)		(42,783)		(62,249)
Other items not allocated to segments:
General and administrative	(29,224)		(43,945)		(89,027)		(135,629)
Interest expense	(54,852)		(43,550)		(161,024)		(130,179)
Depreciation and amortization	(340,230)		(293,998)		(1,028,415)		(872,272)
Impairment of real estate	(323,870)		(5,741)		(485,630)		(36,504)
Loss on early extinguishment of debt	(107)		—		(107)		—
Equity in earnings (losses) of unconsolidated real estate joint ventures	201		139		(9,327)		424
Investment income (loss)	28,161		15,242		(52,453)		14,866
Gain on sale of real estate	9,366		27,114		22,531		27,506
Consolidated net (loss) income	$(197,845)		$213,603		$(221,372)		$526,828

Reconciliation of Investment in Real Estate from Segment to Consolidated

	September 30, 2025		December 31, 2024
Reconciliation of reportable segment assets to consolidated investments in real estate assets:
Reportable segment investments in real estate	$30,316,524		$30,393,144
All other investments in real estate	1,427,393		1,716,895
Consolidated investments in real estate	$31,743,917		$32,110,039

X

- Definition

Reconciliation of Investment in Real Estate from Segment to Consolidated

+ References

No definition available.

+ Details

Name:	are_ReconciliationOfInvestmentInRealEstateFromSegmentToConsolidatedTableTextBlock
Namespace Prefix:	are_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-31

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration