Company Overview

Company Overview


Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® urban office REIT, is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $29.2 billion as of September 30, 2020, and an asset base in North America of 47.4 million square feet (SF). The asset base in North America includes 31.2 million RSF of operating properties and 2.8 million RSF of Class A properties undergoing construction, 7.2 million RSF of near-term and intermediate-term development and redevelopment projects, and 6.2 million SF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Alexandria has a longstanding and proven track record of developing Class A properties clustered in urban life science, technology, and agtech campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, technology, and agtech companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.



Highlights

Strong and Flexible Balance Sheet
  • $3.9 billion of liquidity as of September 30, 2020, proforma for our unsecured senior line of credit amended in October 2020
  • Minimal debt: 1.5% of total debt maturing prior to 2024
  • 10.6 years weighted-average remaining term of debt as of September 30, 2020
Operating asset base
  • 31.2 million RSF of operating properties with a solid occupancy across key locations of 94.9% as of September 30, 2020
Visible, multi-year, highly leased development/redevelopment pipeline
  • 2.8 million RSF of Class A properties undergoing construction
  • 7.2 million RSF of near-term and intermediate-term development and redevelopment projects
  • 6.2 million SF of future development projects
Proven track record of cash flow stability
  • Favorable triple net lease structure
High-quality, diverse, innovative tenants
  • Leading entities across the broad and diverse life science, technology, and agtech industries
Mission-critical infrastructure
  • Generic, reusable, re-leasable, and valuable laboratory improvements
  • High barriers to exit given significant investment by tenants coupled with FDA requirements

 
Financial Information

Alexandria Real Estate Equities is a Real Estate Investment Trust (REIT) with strong cash flow and an investment-grade balance sheet capitalizing on the long-term growth potential of the life science industry.

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