The prestigious honor, which represents
Alexandria's eighth Nareit
Investor CARE Award, recognizes the best in investor communications
among REITs
PASADENA, Calif., June 6, 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,
today announced that it has received the 2023 Nareit
Investor CARE (Communications and Reporting Excellence) Gold Award
in the Large Cap Equity REIT category for superior shareholder
communications and reporting. The company's best-in-class reporting
practices have earned it eight Nareit Investor CARE Awards,
including seven Gold Awards since 2015 — the most Gold Awards by
any equity REIT.
![(PRNewsfoto/Alexandria Real Estate Equities, Inc.) (PRNewsfoto/Alexandria Real Estate Equities, Inc.)](https://mma.prnewswire.com/media/1930628/Alexandria_Real_Estate_Equities_Logo_v1.jpg)
"Alexandria is proud to embody
the highest levels of transparency, integrity and accountability
across all aspects of our one-of-a-kind, mission-driven business,
and we are extremely honored once again to receive this prestigious
award from Nareit," said Dean A.
Shigenaga, president and chief financial officer of
Alexandria Real Estate Equities, Inc. "Our achievement as an
eight-time Investor CARE winner demonstrates our team's
consistently exceptional transparency, quality and efficiency in
communications and reporting to the investment community."
In its annual awards program, Nareit, the worldwide
representative voice for REITs and real estate companies with an
interest in U.S. real estate, recognizes its listed REIT corporate
members that interact most effectively with their investors online,
in writing and verbally, and that provide those investors with the
most comprehensive, clearly articulated and useful information in
the most efficient manner.
An independent panel of judges, which included REIT analysts and
buy-side and sell-side portfolio managers, selected Alexandria based on the company's online
presence, including ease of website navigability and availability
of information; SEC filings, as focused primarily on supplemental
filings; and investor relations practices, including quality of
earnings calls and accessibility of management.
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
our 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.
The trusted partner to over 850 tenants, Alexandria has a total market capitalization
of $33.0 billion and an asset base in
North America of 75.6 million SF
as of March 31, 2023, which includes
41.9 million RSF of operating properties and 5.5 million RSF of
Class A properties undergoing construction, 9.7 million RSF of
near-term and intermediate-term development and redevelopment
projects and 18.5 million SF of future development projects.
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 more 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 the impact of the company's communications and
reporting practices on its performance. 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.