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Alexandria Real Estate Equities, Inc. (NYSE: ARE) is the largest office REIT specializing in collaborative science and technology campuses situated in urban innovation clusters. Established in 1994, Alexandria has pioneered this niche market, growing a formidable presence in top-tier locations like Greater Boston, San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle Park. The company is renowned for its top-quality, diverse tenant base, which includes life science, agtech, and technology firms.
With a track record of developing Class A properties, Alexandria offers dynamic, collaborative environments that bolster tenant recruitment and retention, creativity, and productivity. Its urban campuses provide tenants with state-of-the-art facilities, including robust lab spaces and strategic amenities designed to enhance innovation and efficiency.
Recent achievements include a public offering of senior notes, with proceeds intended for general corporate purposes and strategic acquisitions, and notable investments from tenants like AstraZeneca for advanced cell therapy manufacturing. Additionally, Alexandria's partnerships extend to major biopharmaceutical companies like Takeda, underscoring its crucial role in supporting groundbreaking research and development.
Financially strong, Alexandria continues to generate substantial net cash from operations, allowing for regular dividend payouts and significant reinvestment into new projects. The company's ability to attract strategic capital through its venture platform underscores its influence in nurturing transformative life sciences and technology ventures.
Alexandria's significance in the REIT sector is further exemplified by its market capitalization of $33.1 billion and an asset base of 73.5 million SF across North America. The company's commitment to sustainability, innovation, and tenant success underscores its status as a leading, mission-driven life science REIT making a lasting positive impact on the world. For more details, visit www.are.com.
Alexandria Real Estate Equities (NYSE: ARE) announced that its Alexandria LaunchLabs in New York City is the first laboratory space globally to earn the WELL Health-Safety Rating. This recognition builds on previous WELL Certification achievements aimed at enhancing human health through superior building practices. Alexandria LaunchLabs, operational since 2017, supports over 20 life science startups and has collectively raised over $300 million. The facility's initiatives prioritize tenant health, especially amidst the COVID-19 pandemic, reinforcing Alexandria's commitment to fostering innovation in the life sciences sector.
Alexandria Real Estate Equities (NYSE:ARE) reported a robust third-quarter performance for 2020, with total revenues of $545 million, a 39.6% increase year-over-year, and a net income of $79.3 million. Funds from operations (FFO) reached $230.7 million, showing a positive trend in cash flows. The company maintained a high occupancy rate of 94.9% and significant liquidity of $3.9 billion. Alexandria continues investing in its life science ecosystem, including COVID-19 related research, and declared a dividend of $1.06 per share for the quarter, a 6% increase over the prior year.
Alexandria Real Estate Equities (NYSE: ARE) is committed to addressing urgent societal challenges such as COVID-19, the opioid crisis, and educational disparities. The company supports nearly 100 tenants focused on COVID-19 solutions and has invested in personal protective equipment and over $1 million in community support. Alexandria, alongside Verily, is pioneering a comprehensive addiction recovery campus in Dayton, Ohio, while also enhancing educational opportunities for underprivileged students. With a market capitalization of $27.7 billion, Alexandria continues to lead in innovative solutions that uplift communities.
Alexandria Real Estate Equities (NYSE: ARE) has been awarded the first-ever Fitwel Viral Response Certification with Distinction for its exemplary COVID-19 prevention practices. This recognition highlights Alexandria's commitment to health and safety across its life science campuses. The company established a COVID-19 Advisory Board, implemented strict safety protocols, and enhanced cleaning programs. Alexandria is also partnering with Fitwel to develop a tailored laboratory certification, aiming to support critical life science work and maintain high health standards as it operates in key innovation clusters.
On September 18, 2020, Alexandria Real Estate Equities (NYSE: ARE) announced the delivery of OneFifteen Living, a residential facility in Dayton, Ohio, aimed at addressing the opioid crisis. This 26,304 square foot building will support recovery through residential treatment and family reunification. The facility complements OneFifteen's existing outpatient clinic and crisis stabilization unit. Alexandria's mission-driven approach is underscored by its collaboration with Verily, focusing on innovative addiction treatment and a holistic recovery ecosystem.
Alexandria Real Estate Equities (NYSE: ARE) declared a quarterly cash dividend of $1.06 per common share for Q3 2020, payable on October 15, 2020, to shareholders of record on September 30, 2020. This marks a 6% increase from the previous year, totaling $4.18 per common share for the year ending September 30, 2020. The company's funds from operations payout ratio remains low at 59%, allowing for reinvestment in its development pipeline while maintaining a robust cash flow for shareholders.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) will host a conference call and audio webcast on October 27, 2020, at 3:00 p.m. ET, to discuss its operating and financial results for Q3 2020, which will be released post-market on October 26, 2020. Investors can participate via phone or access the live webcast on the company’s website. A replay will be available from 5:00 p.m. ET on October 27, through November 3, 2020.
Alexandria Real Estate Equities (NYSE: ARE) is leading the effort to enhance COVID-19 testing through its Labspace® platform, enabling over 80 tenants to work on vital diagnostics and therapies. The company has initiated a national COVID-19 testing program across key locations like Cambridge, South San Francisco, and New York City, providing critical infrastructure and support. Alexandria is also redeveloping properties to expand testing capabilities and support tenants like Cue Health, which received FDA authorization for its COVID-19 tests.
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