PASADENA, Calif., Sept. 30,
2024 /PRNewswire/ -- Alexandria Real Estate Equities,
Inc. (NYSE: ARE), the first, preeminent, longest-tenured and
pioneering owner, operator and developer of collaborative mega
campuses in AAA life science innovation cluster locations, today
announced it has been named by Newsweek as one of the
World's Most Trustworthy Companies in 2024. This significant
distinction builds on Alexandria's
recognition by the publication as one of America's Most Trustworthy
Companies in 2023 and 2024. Alexandria was selected for this prestigious
annual list based on the analysis of an extensive independent
survey, compiled in collaboration with Newsweek's market
research partner Statista, in which more than 70,000 participants
rated companies based on investor, customer and employee trust.
Alexandria is one of only three
S&P 500 REITs recognized in the real estate and housing
category.
"We are honored to be recognized as one of the World's Most
Trustworthy Companies by Newsweek. This prestigious
designation reflects our investors' confidence in our track record
of generating long-term value; our unique position at the vanguard
and heart of the life science industry; and our egoless
mission-driven culture," said Joel S.
Marcus, executive chairman and founder of Alexandria Real
Estate Equities, Inc. and Alexandria Venture Investments. "As the
most trusted brand in life science real estate, we continue to work
diligently to enhance our one-of-a-kind leading
Labspace® platform and shape the holistic life science
clusters that are essential to enabling this $5 trillion secularly growing industry's
development of new medicines. With 10,000 diseases known to
humankind and less than 10% addressable with therapies, we are
still in the early innings of the biology revolution, and it is
imperative that we support our tenants in their mission-critical
efforts to help people live healthier, better-quality lives."
Creating long-term value for Alexandria's investors and fulfilling its
mission to advance human health are among the company's primary
business objectives. From Alexandria's initial public offering in
May 1997 through June 30, 2024, it has generated an outstanding
total shareholder return (TSR) of 1,420%, significantly
outperforming major indices over the same period, including the
FTSE Nareit Equity Health Care Index's TSR of 1,091% and the MSCI
US REIT Index's TSR of 790% (assuming reinvestment of dividends).
Alexandria also continues to
exhibit high levels of transparency, integrity and accountability,
as highlighted by its eight Nareit Investor CARE (Communications
and Reporting Excellence) Awards — including seven Gold Awards, the
most earned by any equity REIT.
Since its founding over 30 years ago, Alexandria has strategically cultivated
trusted tenant relationships with leading life science companies,
including Eli Lilly, Bristol Myers Squibb and Moderna. These
longstanding relationships are a testament to the company's deep
life science and technical expertise, its pioneering spirit to
continually innovate to meet its tenants' evolving needs, and its
proven ability to create and operate vibrant mega campuses with
inspiring design and people-centric environments that help its
tenants recruit and retain top talent. As of June 30, 2024, the company's mega campuses
encompass 74% of its annual rental revenue. Demonstrating the value
of its well-amenitized mega campuses and strategic relationships,
approximately 80% of Alexandria's
leasing activity in the past year was generated from its existing
tenants.
Alexandria devotes
extraordinary efforts to building loyal, trusted relationships with
its employees. The company has an exceptional suite of
benefits focused on prioritizing the physical, mental and financial
well-being of its employees and their families. This comprehensive
package includes a top-tier health plan; a highly competitive
compensation program and retirement plan; performance bonuses and
rewards; and work-life support, including wellness reimbursements
and generous paid time off and company holidays. Alexandria also provides excellent career
advancement opportunities, tailored professional development and
training programs, and volunteer programs to enhance the
communities where we live and work. The positive employee
experience is evidenced by the company's low five-year average
voluntary turnover rate of 4.1% (for 2019–2023), which is
substantially lower than the voluntary turnover rate of 14.0% in
the Nareit 2023 Compensation & Benefits Survey (data for
2022).
Alexandria's longstanding
corporate responsibility pillars are also key to enhancing
stakeholder trust. The company continues to make a tangible
positive impact through its steadfast work to develop and implement
scalable, long-term solutions to some of the nation's most urgent
challenges, including disease, hunger and food insecurity,
deficiencies in military support services, disparities in
educational opportunities, addiction and mental health. Mental
health is essential to overall health, and reducing the stigma
around mental illness is among Alexandria's critical goals for addressing the
staggering mental health crisis. According to the CDC, over 49,000
people died by suicide in 2022, which is about one death every 11
minutes; provisional data is similar for 2023. Amid this crisis,
the suicide rate for veterans is nearly 60% higher than for the
country's non-veteran adult population. Since 2010, Alexandria has partnered with the Navy SEAL
Foundation to support its vital work addressing the unique physical
and mental health needs of our nation's elite warriors. Most
recently, Alexandria has played an
instrumental role in the establishment and operation of the
foundation's Warrior Fitness Program West Coast facility in
San Diego, where experts are
helping military personnel and veterans recover physically and
mentally and rebuild from injuries and trauma.
As National Suicide Prevention Month comes to a close,
Alexandria honors the memories of
those lost to suicide and affirms its commitment to driving
meaningful change for the millions of individuals struggling with
mental illness, trauma and life's challenges. If you or someone you
know is in crisis, call or text 988 to reach the 988 Suicide &
Crisis Lifeline.
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 with
our founding in 1994, Alexandria
is the preeminent and longest-tenured owner, operator and developer
of collaborative mega campuses in AAA life science innovation
cluster locations, including Greater
Boston, the San Francisco Bay
Area, San Diego,
Seattle, Maryland, Research Triangle and New York City. As of June 30, 2024, Alexandria has a total market capitalization
of $32.5 billion and an asset base in
North America that includes 42.1
million RSF of operating properties and 5.3 million RSF of Class
A/A+ properties undergoing construction and one committed near-term
project expected to commence construction in the next two years.
Alexandria has a longstanding and
proven track record of developing Class A/A+ properties clustered
in mega 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 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 Alexandria's
corporate 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: Joel S.
Marcus, Executive Chairman & Founder,
(626) 578-9693, jmarcus@are.com
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SOURCE Alexandria Real Estate Equities, Inc.
