Company Overview
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc. is a Pasadena, California-based life science real estate investment trust — publicly traded on the New York Stock Exchange (NYSE: ARE) as an S&P 500 REIT — operating as the preeminent owner, operator, and developer of collaborative life science, technology, and agtech Megacampus ecosystems in AAA innovation cluster locations including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland/DC, Research Triangle, and New York City. As of June 30, 2025, Alexandria has a $25.7 billion total market capitalization and manages 39.7 million rentable square feet (RSF) of operating properties and 4.4 million RSF of Class A/A+ properties under construction. In 2024, Alexandria reported $3.12 billion in revenue (+8.20%). The company executed its largest single lease in history — a 16-year agreement with a multinational pharmaceutical tenant for 466,598 RSF at the Campus Point Megacampus in San Diego (98.8% occupied). Executive Chairman and Founder: Joel Marcus; Co-CEOs: Stephen Richardson and Peter Moglia. Founded 1994.
Business Model & Competitive Advantage
Alexandria's life science campus REIT model addresses the specialized real estate infrastructure requirements of biotech, pharmaceutical, and genomics companies that cannot operate in conventional Class A office buildings: wet lab research facilities require reinforced floor loading (for equipment), dedicated biosafety exhaust systems, chemical fume hoods, vivarium space for animal research, and electrical/data infrastructure at 5-10x the density of office buildouts — requirements that conventional commercial real estate developers build once for a specific tenant rather than designing for flexible multi-tenant research workflows. Alexandria's Megacampus model (purpose-built clustered lab buildings on owned campuses in proven biotech markets adjacent to research universities and hospitals) creates the vibrant scientific community that attracts and retains talent — with proximity to UCSF, Harvard Medical School, MIT, and leading teaching hospitals providing the academic collaboration network that drug discovery requires.
Competitive Landscape 2025–2026
In 2025, Alexandria competes in the life science real estate, biotech campus, and innovation district REIT market with Healthpeak Properties (NYSE: DOC, life science REIT, $2.4B revenue), BioMed Realty Trust (Blackstone private, life science, $7B+ assets), and Boston Properties (NYSE: BXP, mixed office/life science, $3.1B revenue) for biotech and pharmaceutical company lease commitments, campus expansion agreements, and build-to-suit development mandates in top-tier innovation markets. The 74% of rental revenue from Megacampuses creates concentration in high-demand nodes (Kendall Square Cambridge, Mission Bay San Francisco, Torrey Pines San Diego) where supply constraints and proximity to anchor research institutions create durable rent premium. The largest lease in Alexandria's history (466,598 RSF multinational pharma at Campus Point, 16-year term) demonstrates the demand from large pharmaceutical companies for purpose-built research campuses at scale. The 2025 strategy focuses on completing the 4.4M RSF development pipeline in its strongest markets, growing the AI-health tech tenant mix alongside traditional biotech, and managing the development pipeline conservatively given public life science market funding cycles.
The Alexandria Real Estate Equities Story
Founders
Company Timeline
Major milestones in Alexandria Real Estate Equities's journey
Leadership Team
Meet the leaders behind Alexandria Real Estate Equities
Joel S. Marcus
Joel Marcus founded Alexandria Real Estate Equities in 1994 and serves as Executive Chairman. He previously served as CEO from 1997 to 2018. Under his leadership, Alexandria achieved a 1,199% total shareholder return from IPO through December 31, 2024 and grew to $29.0B market cap with 39.8M RSF in operating assets. Marcus also founded Alexandria Venture Investments in 1996 and the Alexandria Summit in 2011.
Stephen A. Richardson
Stephen Richardson serves as Co-CEO of Alexandria Real Estate Equities, sharing executive leadership with Peter Moglia. He reports to Executive Chairman Joel Marcus and the board of directors, focusing on strategic growth and operational excellence across the company's life science portfolio.
Peter M. Moglia
Peter Moglia serves as Co-CEO alongside Stephen Richardson, jointly leading Alexandria's day-to-day operations, development pipeline, and tenant relationships. He works closely with the executive team to execute the company's mega campus strategy.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Alexandria Real Estate Equities is recognized as a market leader in the Real Estate & Property Tech sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $25700M in revenue, Alexandria Real Estate Equities operates at enterprise scale with proven market validation.
Frequently Asked Questions
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