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lexandria Real Estate Equities, Inc. (NYSE: ARE), a pioneering life science REIT, has been recognized as one of the Most Trustworthy Companies in America by Newsweek for the third consecutive year. This prestigious honor is based on an independent survey of 25,000 U.S. residents and online media sentiment analysis.
"We're proud to be part of this elite group," said Joel S. Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc. "Our commitment to idea meritocracy, integrity, mutual respect, and transparency has enabled us to build a loyal client base and foster a culture that values collaboration and innovation."
As the go-to provider of Labspace real estate for over three decades, Alexandria has maintained its strategic focus on the life science industry, aggregating the largest laboratory infrastructure platform with a sector-leading client base of approximately 750 tenants. Notably, 84% of leasing activity in 2024 came from this deep pool of underwritten tenant relationships.
Alexandria's expertise in laboratory operations and collaborative Megacampus ecosystems has resulted in an average retention rate of over 80% among its clients over the past five years. The company's strong balance sheet, with significant liquidity and top-tier credit ratings, provides flexibility to execute on its differentiated Megacampus strategy.
The company prioritizes building loyalty and trusted relationships with employees, fostering a collaborative culture that supports employee health and overall success. Alexandria offers comprehensive benefits, career advancement opportunities, and volunteer programs to enhance the communities where its people live and work.
Alexandria continues to make a positive impact on society through its corporate responsibility pillars, addressing disease and hunger, supporting military veterans, driving educational opportunities, prioritizing mental health, and inspiring future generations with stories of national heroes. The company's support for the National Medal of Honor Museum in Arlington, Texas, is a testament to its commitment to instilling values in Americans, especially youth.
As an S&P 500 company, Alexandria Real Estate Equities, Inc. 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. The company's unique business model ensures a high-quality tenant base, resulting in higher occupancy levels, longer lease terms, and greater long-term asset value.
Alexandria provides strategic capital to transformative life science companies through its venture capital platform, believing that its diligent underwriting and business model ensure a diverse and high-quality tenant base. For more information on Alexandria, please visit www.are.com.
Forward-looking statements in this press release include discussions of corporate responsibility initiatives and potential impacts on the company's business. These forward-looking statements are based on present intent, beliefs, or expectations but may not occur due to various factors detailed in Alexandria's filings with the Securities and Exchange Commission.
