Important recognition reinforces Alexandria's longstanding efforts to earn and
maintain the trust of its tenants, investors and employees
PASADENA, Calif., April 24,
2023 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), the first, preeminent, longest-tenured and
pioneering owner, operator and developer of collaborative life
science, agtech and advanced technology campuses in AAA innovation
cluster locations with an asset base in North America of approximately 75 million SF,
has been named one of Newsweek's Most Trustworthy Companies
in America in 2023. This notable award was based on the results of
an extensive independent survey compiled in collaboration with the
publication's market research partner Statista. Alexandria was
one of only six S&P 500 REITs recognized in the real
estate and housing category across three main public touchpoints of
trust: customer trust, investor trust and employee trust.
Alexandria is deeply focused on
fulfilling its mission to advance human health and executing its
differentiated business model while also making a positive and
lasting impact on society. Renowned author and business strategist
Jim Collins has said of the
passionate, pioneering and disciplined company, which has grown
steadily over nearly three decades, "Alexandria has achieved the three outputs that
define a great company: Superior Results, Distinctive Impact, and
Lasting Endurance."
"We are honored to be recognized as one of America's Most
Trustworthy Companies by Newsweek. This prestigious
designation attests to the strength of our one-of-a-kind brand that
has earned us the trust of the world's leading life science
companies, like Eli Lilly, Bristol Myers Squibb and Moderna, among
a world-class tenant base that relies on us to deliver
mission-critical Labspace® infrastructure and
operational excellence as they advance groundbreaking medical
innovations to improve and save lives," said Joel S. Marcus, executive chairman and founder
of Alexandria Real Estate Equities, Inc. and founder and head of
Alexandria Venture Investments. "It also reflects our investors'
confidence in our outstanding track record of creating long-term
value and our best-in-class team's unwavering commitment to
upholding the highest levels of transparency, integrity, excellence
and accountability across all facets of our uniquely focused
mission-driven company."
Guided by Alexandria's culture
of idea meritocracy, mutual respect, diversity, humility,
transparency and teamwork, the company has established itself at
the vanguard and heart of the life science ecosystem. Its proven
ability to cultivate trusted strategic relationships that span
decades and cluster markets is a testament to Alexandria's operational excellence in
creating and operating world-class campuses known for their
inspiring design, vibrant amenities and dynamic environments. With
campuses that enable its tenants to be more productive and
efficient, and to attract and retain top talent, Alexandria has built an incredibly loyal
client base that exceeds an average retention rate of 80% over the
past five years.
Alexandria's execution of its
multifaceted platform of internal and external growth continues to
contribute to the company's superior results and exceptional
long-term total stockholder return (TSR). From its IPO in
May 1997 through December 31, 2022, Alexandria generated an outstanding TSR of
1,673% (assuming reinvestment of dividends), significantly
outperforming major indices over the same period, including the
Nasdaq Composite's TSR of 838%, the MSCI U.S. REIT's TSR of 684%
and the S&P 500's TSR of 628%. Additionally, the company's
premier reporting practices have earned it seven Nareit Investor
CARE (Communications and Reporting Excellence) Awards, including
six Gold Awards since 2015 — the most Gold awards by any equity
REIT — and GRESB "A" disclosure scores for the past five years.
These recognitions reflect Alexandria's continued excellence in
transparency, quality and efficiency in its reporting to the
investment community.
Alexandria also places an
extraordinary focus on building loyalty and trusted relationships
with its employees — the foundation of its enduring business. The
company is proud to provide an industry-leading total rewards
package that is meaningful and impactful to its employees and their
families. It includes a highly competitive compensation and
retirement program, an enhanced wellness program and world-class
benefits, which Alexandria
employees rated their #1 most valued area in the company's 2022
employee engagement survey. Alexandria's comprehensive offerings support
its employees' overall health and well-being, provide them
opportunities for training and development and further strengthen
its mission-driven, collaborative culture. The dedication of the
company and its people to advancing human health and improving the
vitality of its communities and society has shaped its highly
impactful corporate social responsibility efforts through which it
drives forward long-term, scalable solutions to some of the most
pressing societal issues to contribute to a healthier, more
sustainable and more productive world. Deeply committed to making a
distinctive impact, the company has curated eight social
responsibility pillars focused on (1) accelerating medical
innovation to save lives, (2) harnessing agtech to combat hunger
and improve nutrition, (3) supporting our military, our veterans
and their families, (4) revolutionizing addiction treatment, (5)
building principled leaders through education, (6) approaching
homelessness as a healthcare problem, not a housing issue, (7)
inspiring future generations with the stories and values of our
nation's heroes and (8) prioritizing the mental health crisis.
In connection with its newest social responsibility pillar,
Alexandria recently collaborated
to advance innovative solutions for the complex and pervasive
mental health crisis facing the nation. According to the National
Alliance on Mental Illness, an estimated one in five adults
experience mental illness each year, and untreated mental illness
represents an annual economic burden of up to $300 billion, primarily related to lost
productivity, which understates its total cost to society. In
February 2023, Alexandria convened a mission-critical
Healthcare Policy Forum on Mental Health in partnership with
Patrick Kennedy and The Kennedy
Forum. The collaboration brought together top experts in biopharma,
medicine, technology, academia, patient advocacy and government
with the goal to shape tangible solutions that will help advance
innovation, impact policy and address the urgent need to transform
the mental healthcare system. Alexandria is also making a meaningful
difference through its long-term support of the Navy SEAL
Foundation (NSF), which enables the NSF to address the unique
physical and mental concerns of the Naval Special Warfare
community, including the growing need for new mental health
treatments to ensure that our nation's heroes and their families
receive the tools they need to thrive.
To learn more about Alexandria's industry-leading and
comprehensive ESG initiatives, please visit
www.are.com/esg.html.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P
500® company, is a best-in-class, mission-driven life
science REIT making a positive and lasting impact on the world. As
the pioneer of the life science real estate niche since its
founding in 1994, Alexandria is
the preeminent and longest-tenured owner, operator and developer of
collaborative life science, agtech and advanced technology campuses
in AAA innovation cluster 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
life science, agtech and advanced 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,
agrifoodtech, climate innovation 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. For additional information on Alexandria, please visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such forward-looking statements include, without limitation,
statements regarding Alexandria's
social responsibility initiatives, practices, investments and
progress, and the potential impacts of such activities on
Alexandria's business and the
companies and non-profit organizations in which Alexandria invests or with which Alexandria has strategic relationships. These
forward-looking statements are based on Alexandria's present intent, beliefs or
expectations, but forward-looking statements are not guaranteed to
occur and may not occur. Actual results may differ materially from
those contained in or implied by Alexandria's forward-looking statements as a
result of a variety of factors, including, without limitation, the
risks and uncertainties detailed in its filings with the Securities
and Exchange Commission. All forward-looking statements are made as
of the date of this press release, and Alexandria assumes no obligation to update
this information. For more discussion relating to risks and
uncertainties that could cause actual results to differ materially
from those anticipated in Alexandria's forward-looking statements, and
risks and uncertainties to Alexandria's business in general, please refer
to Alexandria's filings with the
Securities and Exchange Commission, including its most recent
annual report on Form 10-K and any subsequently filed quarterly
reports on Form 10-Q.
CONTACT: Sara Kabakoff, Vice President –
Strategic Communications, (626) 788-5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.