Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Investments in real estate	$ 28,689,996	$ 32,110,039
Investments in unconsolidated real estate joint ventures	30,677	39,873
Cash and cash equivalents	549,062	552,146
Restricted cash	4,693	7,701
Tenant receivables	6,672	6,409
Deferred rent	1,179,403	1,187,031
Deferred leasing costs	458,311	485,959
Investments	1,501,249	1,476,985
Other assets	1,661,772	1,661,306
Total assets	34,081,835	37,527,449
Liabilities, Noncontrolling Interests, and Equity
Secured notes payable	0	149,909
Unsecured senior notes payable	12,047,394	12,094,465
Unsecured senior line of credit and commercial paper	353,161	0
Accounts payable, accrued expenses, and other liabilities	2,397,073	2,654,351
Dividends payable	127,771	230,263
Total liabilities	14,925,399	15,128,988
Commitments and contingencies
Redeemable noncontrolling interests	58,788	19,972
Alexandria Real Estate Equities, Inc.’s stockholders’ equity:
Common stock, $0.01 par value per share, $400,000,000 shares authorized as of December 31, 2025 and 2024; 170,537,867 and 172,203,443 shares issued and outstanding as of December 31, 2025 and 2024, respectively	1,705	1,722
Additional paid-in capital	15,497,760	17,933,572
Accumulated other comprehensive loss	(29,395)	(46,252)
Alexandria Real Estate Equities, Inc.’s stockholders’ equity	15,470,070	17,889,042
Noncontrolling interests	3,627,578	4,489,447
Total equity	19,097,648	22,378,489
Total liabilities, noncontrolling interests, and equity	$ 34,081,835	$ 37,527,449