ALEXANDRIA REAL ESTATE EQUITIES, INC. Table of Contents
March 31, 2024
COMPANY HIGHLIGHTS | Page | Page | |
Corporate Responsibility | xxii | ||
EARNINGS PRESS RELEASE | Page | Page | |
First Quarter Ended March 31, 2024 Financial and Operating | |||
Results | 1 | Earnings Call Information and About the Company | 7 |
Guidance | 4 | Consolidated Statements of Operations | 8 |
Acquisitions | 5 | Consolidated Balance Sheets | 9 |
Dispositions and Sales of Partial Interests | 6 | Funds From Operations and Funds From Operations per Share .... | 10 |
SUPPLEMENTAL INFORMATION | Page | Page | |
Company Profile | 13 | External Growth / Investments in Real Estate | |
Investor Information | 14 | Investments in Real Estate | 32 |
Financial and Asset Base Highlights | 15 | New Class A/A+ Development and Redevelopment | |
High-Qualityand Diverse Client Base | |||
17 | Properties: | ||
Occupancy | 19 | Recent Deliveries | 34 |
Internal Growth | Current Projects | 35 | |
Key Operating Metrics | 20 | Summary of Pipeline | 39 |
Same Property Performance | 21 | Construction Spending and Capitalization of Interest | 44 |
Leasing Activity | 22 | Joint Venture Financial Information | 46 |
Contractual Lease Expirations | 23 | Balance Sheet Management | |
Top 20 Tenants | 24 | Investments | 48 |
Summary of Properties and Occupancy | 25 | Key Credit Metrics | 49 |
Property Listing | 26 | Summary of Debt | 50 |
Definitions and Reconciliations | |||
Definitions and Reconciliations | 54 |
Alexandria Real Estate Equities, Inc. All Rights Reserved. © 2024 | ii |
Source: S&P Global Market Intelligence. Assumes reinvestment of dividends.
The FTSE Nareit Equity Health Care Index represents all its constituent companies, among which Alexandria is not included. Excluding Alexandria, the REITs presented individually in the chart above are only those constituents of the FTSE Nareit Equity Health Care Index as of March 31, 2024 for which TSR information since May 27, 1997 is available.
(1) Alexandria's initial public offering ("IPO") was priced at $20.00 per share on May 27, 1997.
Alexandria Real Estate Equities, Inc. All Rights Reserved. © 2024 | iv |
- As of March 31, 2024, our asset base in North America includes 42.2 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, 2.5 million RSF of priority anticipated development and redevelopment projects, and 24.1 million SF of future development projects.
Refer to "Definitions and reconciliations" in the Supplemental Information for additional details.
(1) Represents the midpoint of our 2024 guidance range. Refer to "Guidance" in the Earnings Press Release for additional details.
Refer to "Definitions and reconciliations" in the Supplemental Information for additional details.
- Dividend yield is calculated as the dividend declared for the three months ended March 31, 2024 of $1.27 per common share annualized divided by the closing price of our common stock on March 31, 2024 of $128.91.
- Represents the years ended December 31, 2020 through 2023 and the three months ended March 31, 2024 annualized.
- Represents the years ended December 31, 2020 through 2023 and the midpoint of our 2024 guidance range. Refer to "Guidance" in the Earnings Press Release for additional details.
- Represents common stock dividend declared for the three months ended March 31, 2024 annualized.
- Represents the average of acquired vacancy percentages as of each years ended December 31, 2020 through 2023.
- Represents the midpoint of our 2024 guidance range for occupancy percentage in North America as of December 31, 2024. Refer to "Guidance" in the Earnings Press Release for additional details.
- Represents occupancy percentage of operating properties in North America as of each period-end.
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Alexandria Real Estate Equities Inc. published this content on 22 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2024 20:38:02 UTC.
