Alexandria Real Estate Equities (ARE) Files 2024 Annual Report

Ticker: ARE · Form: 10-K · Filed: Jan 27, 2025 · CIK: 1035443

Alexandria Real Estate Equities, Inc. 10-K Filing Summary
FieldDetail
CompanyAlexandria Real Estate Equities, Inc. (ARE)
Form Type10-K
Filed DateJan 27, 2025
Risk Levellow
Pages13
Reading Time16 min
Key Dollar Amounts$0.01, $29.0 billion
Sentimentneutral

Sentiment: neutral

Topics: annual-report, real-estate, filing-compliance

TL;DR

ARE filed its 2024 10-K. All good on filings.

AI Summary

Alexandria Real Estate Equities, Inc. (ARE) filed its annual report for the fiscal year ended December 31, 2024. The company is incorporated in Maryland and its common stock is traded on the New York Stock Exchange under the symbol ARE. The filing indicates ARE is a well-known seasoned issuer and has met all its filing requirements for the preceding 12 months.

Why It Matters

This 10-K filing provides a comprehensive overview of Alexandria Real Estate Equities' financial performance and operational status for the fiscal year 2024, crucial for investors to assess the company's health and future prospects.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not contain immediate red flags or significant new risks.

Key Players & Entities

  • ALEXANDRIA REAL ESTATE EQUITIES, INC. (company) — Registrant
  • ARE (company) — Trading Symbol
  • New York Stock Exchange (company) — Exchange
  • December 31, 2024 (date) — Fiscal Year End
  • Maryland (location) — State of Incorporation

FAQ

What is the primary purpose of this Form 10-K filing for Alexandria Real Estate Equities, Inc.?

This Form 10-K is the annual report for Alexandria Real Estate Equities, Inc. for the fiscal year ended December 31, 2024, providing a comprehensive overview of the company's financial performance and operations.

On which stock exchange is Alexandria Real Estate Equities, Inc. (ARE) traded?

Alexandria Real Estate Equities, Inc. (ARE) is traded on the New York Stock Exchange.

What is the par value of Alexandria Real Estate Equities, Inc.'s common stock?

The common stock of Alexandria Real Estate Equities, Inc. has a par value of $0.01 per share.

Has Alexandria Real Estate Equities, Inc. filed all required reports for the preceding 12 months?

Yes, the filing indicates that Alexandria Real Estate Equities, Inc. has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

Is Alexandria Real Estate Equities, Inc. considered a well-known seasoned issuer?

Yes, the filing includes a checkmark indicating that Alexandria Real Estate Equities, Inc. is a well-known seasoned issuer.

Filing Stats: 3,929 words · 16 min read · ~13 pages · Grade level 15.4 · Accepted 2025-01-27 16:06:28

Key Financial Figures

  • $0.01 — nge on which registered Common Stock, $0.01 par value per share ARE New York St
  • $29.0 billion — a has a total market capitalization of $29.0 billion and an asset base in North America that

Filing Documents

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ........................................................................................................................................................................ 84 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK ......................................................... 141 ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA ......................................................................................... 143 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE ......................................................................................................................................................................... 143 ITEM 9A. CONTROLS AND PROCEDURES ...................................................................................................................................... 143 ITEM 9B. OTHER INFORMATION ........................................................................................................................................................ 145 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS ................................. 145 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE ........................................................... 146 ITEM 11. EXECUTIVE COMPENSATION ........................................................................................................................................... 146 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS ............................................................................................................................................... 146 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE ................... 146 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES ....................................................................................................... 146 PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES ............................................................................................... 147 GLOSSARY The following abbreviations or acronyms that may be used in this document shall have the adjacent meanings set forth below: ASU Accounting Standards Update ATM At the Market CIP Construction in Progress EPS Earnings per Share FASB Financial Accounting Standards Board FDA U.S. Food and Drug Administration FDIC Federal Deposit Insurance Corporation FFO Funds From Operations GAAP U.S. Generally Accepted Accounting Principles HVAC Heating, Ventilation, and Air Conditioning IRS Internal Revenue Service JV Joint Venture LEED Leadership in Energy and Environmental Design Nareit National Association of Real Estate Investment Trusts NAV Net Asset Value NYSE New York Stock Exchange REIT Real Estate Investment Trust RSF Rentable Square Feet/Foot SEC Securities and Exchange Commission SF Square Feet/Foot SoDo South of Downtown submarket of Seattle SOFR Secured Overnight Financing Rate SoMa South of Market submarket of San Francisco U.S. United States VIE Variable Interest Entity 1 PART I

Forward-looking statements

Forward-looking statements Certain information and statements included in this annual report on Form 10-K, including, without limitation, statements containing the words "forecast," "guidance," "goals," "projects," "estimates," "anticipates," "believes," "expects," "intends," "may," "plans," "seeks," "should," "targets," or "will," or the negative of those words or similar words, constitute "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. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions, and financial trends that may affect our future plans of operations, business strategy, results of operations, and financial position. A number of important factors could cause actual results to differ materially from those included within or contemplated by the forward-looking Form 10-K. Additional information regarding risk factors that may affect us is included in " Item 7. Management's discussion and analysis of financial condition and results of operations " in this annual report on Form 10-K. Readers of our annual report on Form 10-K should also read our SEC and other publicly filed documents for further discussion regarding such factors. As used in this annual report on Form 10-K, references to the "Company," "Alexandria," "ARE," "we," "us," and "our" refer to Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. Alexandria , Lighthouse Design logo, Building the Future of Life-Changing Innovation , Megacampus, Labspace , Alexandria Lifeline , Alexandria Center , Alexandria Technology Square , Alexandria Technology Center , Alexandria Innovation Center , and Alexandria Summit are copyrights and trademarks of Alexandria Real Estate Equi

BUSINESS

ITEM 1. BUSINESS Overview We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax purposes. 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. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus ecosystems 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 December 31, 2024 , Alexandria has a total market capitalization of $29.0 billion and an asset base in North America that includes 39.8 million RSF of operating properties and 4.4 million RSF of Class A/A+ properties undergoing construction . We develop dynamic Megacampus ecosystems that enable and inspire the world's most brilliant minds and innovative companies to create life-changing scientific and technological innovations. We believe in the utmost professionalism, humility, and teamwork. Our tenants include multinational pharmaceutical companies; public and private biotechnology companies; life science product, service, and medical device companies; digital health, technology, and agtech companies; academic and medical research institutions; U.S. government research agencies; non-profit organizations; and venture capital firms. Alexandria has a longstanding and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' 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 platfor

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