Company Overview

Company Overview

Alexandria Real Estate Equities, Inc. (NYSE:ARE), an S&P 500® REIT, is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations, with a total market capitalization of $33.7 billion and an asset base in North America of 74.1 million square feet (SF) as of June 30, 2022. The asset base in North America includes 41.1 million RSF of operating properties and 5.9 million RSF of Class A properties undergoing construction, 9.9 million RSF of near-term and intermediate-term development and redevelopment projects, and 17.2 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, the San Francisco Bay Area, 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, agtech, and technology 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, agtech, and technology 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 (as of June 30, 2022)

Strong and flexible balance sheet
  • $5.5 billion liquidity
  • No debt maturities prior to 2025
  • 13.6 years weighted-average remaining term of debt
Operating asset base
  • 41.1 million RSF of operating properties with solid occupancy across key locations of 94.6%
Visible, multiyear, highly leased development/redevelopment pipeline
  • Expected to generate greater than $665 million of incremental annual rental revenue, primarily commencing from 3Q22 through 2Q25
Proven track record of cash flow stability
  • Favorable triple net lease structure with annual rent escalations
High-quality, diverse, innovative tenants
  • Leading entities across the broad and diverse life science, agtech, and technology sectors
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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