Sunday, December 10, 2023

Alexandria Real Estate Equities Inc(ARE) 2022 Executive Chairman & Founder Joel S. ...

Executive Summary


  • Alexandria celebrates 25 years on the NYSE, reflecting on its transformation from a niche pioneer to a leader in life science real estate.
  • Executive Chairman & Founder Joel S. Marcus highlights the company's superior results, distinctive impact, and lasting endurance.
  • 2022 marked by robust financial performance, strategic growth, and a commitment to advancing human health.

2022 was an extraordinary year for Alexandria. We celebrated our 25th anniversary as an NYSE listed company — a significant milestone that is a testament to the enduring strength of our one-of-a-kind, once-in-a-generation company. Against the backdrop of a deleterious macroeconomic environment, we achieved another outstanding year of operating and financial performance. These results were made possible thanks to our differentiated business model; sustained operational excellence; fortress balance sheet; world-class brand at the vanguard and heart of the life science ecosystem, the national treasure that has saved millions of lives during the COVID-19 pandemic; and our long-tenured and highly experienced team with unique life science expertise.

It has been remarkable for me to reflect on the incredible transformation Alexandria has undergone from our modest beginnings to our position today as a highly respected investment-grade S&P 500 REIT. We founded Alexandria in 1994 as a garage startup with $19 million in Series A capital and a bold vision to create a new kind of real estate company uniquely focused on building the complex infrastructure needed to catalyze medical innovation to improve human health. Three years after our inception, we took the company public on the NYSE on May 27, 1997, with just 15 properties totaling 1.5 million square feet. Today, we have a multifaceted business model, unmatched scale with a total asset base of nearly 75 million square feet in the nation’s top innovation clusters, and a REIT industry-leading client base of approximately 1,000 tenants that has been diligently cultivated and is not replicable. We are enormously proud of these accomplishments, which attest to the strength of our brand and our standing as the undisputed leading owner, operator, and developer of collaborative campuses for transformative life science companies.

As renowned author and business strategist Jim Collins said, “Alexandria has achieved the three outputs that define a great company: Superior Results, Distinctive Impact, and Lasting Endurance.”


At Alexandria, our mission to advance human health by curing disease and improving nutrition drives us each and every day. It has shaped our pioneering and impactful business, which we have built on the foundation of our four...

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