Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc. (NYSE: ARE) is an S&P 500 urban office real estate investment trust (REIT) and the preeminent owner, operator, and developer of collaborative life science, technology, and agtech campuses in AAA innovation cluster locations. Founded in 1994 by Joel Marcus and Jerry Sudarsky, Alexandria pioneered the life science real estate niche, becoming the first REIT to focus exclusively on this specialized sector. The company was named after Alexandria, Egypt, the scientific capital of the ancient world, reflecting its mission to foster groundbreaking innovation.

Alexandria operates collaborative Megacampus ecosystems in premier life science cluster locations including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. As of June 30, 2025, the company has a total market capitalization of $25.7 billion and an asset base in North America that includes 39.7 million rentable square feet (RSF) of operating properties and 4.4 million RSF of Class A/A+ properties undergoing construction. The company's strategic focus on creating integrated innovation hubs has made it the go-to real estate partner for leading life science companies, universities, and research institutions.

In 2024, Alexandria reported revenue of $3.12 billion, representing 8.20% growth compared to the previous year. The company's business model centers on securing high-quality tenants through long-term leases with annual rent escalations, providing stable and growing cash flows. Notably, 74% of annual rental revenue comes from collaborative mega campuses, and 54% comes from properties that have achieved or are targeting LEED certification. Under the leadership of Executive Chairman and Founder Joel Marcus, along with Co-CEOs Stephen Richardson and Peter Moglia, Alexandria continues to expand its portfolio while maintaining a strong focus on sustainability and fostering environments where transformative life science innovations can flourish.