Risk Factors Dashboard
Once a year, publicly traded companies issue a comprehensive report of their business, called a 10-K. A component mandated in the 10-K is the ‘Risk Factors’ section, where companies disclose any major potential risks that they may face. This dashboard highlights all major changes and additions in new 10K reports, allowing investors to quickly identify new potential risks and opportunities.
View risk factors by ticker
Search filings by term
Risk Factors - ARE
-New additions in green
-Changes in blue
-Hover to see similar sentence in last filing
Item 1A. Risk factors” in this annual report on Form 10-K. Additional information regarding risk factors that may affect us is included in “Item 7. Management’s discussion and analysis of financial condition and results of operations” in this annual report on Form 10-K. Readers of our annual report on Form 10-K should also read our SEC and other publicly filed documents for further discussion regarding such factors.
As used in this annual report on Form 10-K, references to the “Company,” “Alexandria,” “ARE,” “we,” “us,” and “our” refer to Alexandria Real Estate Equities, Inc. and its consolidated subsidiaries. The following discussion should be read in conjunction with our consolidated financial statements and notes thereto under “Item 15. Exhibits and financial statement schedules” in this annual report on Form 10-K.
ITEM 1. BUSINESS
Overview
We are a Maryland corporation formed in October 1994 that has elected to be taxed as a REIT for federal income tax purposes. Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. The trusted partner to approximately 1,000 tenants, Alexandria has a total market capitalization of $35.0 billion and an asset base in North America of 74.6 million SF as of December 31, 2022, which includes 41.8 million RSF of operating properties and 5.6 million RSF of Class A properties undergoing construction, 9.9 million RSF of near-term and intermediate-term development and redevelopment projects, and 17.3 million SF of future development projects.
We develop dynamic urban cluster campuses and vibrant ecosystems that enable and inspire the world’s most brilliant minds and innovative companies to create life-changing scientific and technological breakthroughs. We develop dynamic urban cluster campuses and vibrant ecosystems that enable and inspire the world’s most brilliant minds and innovative companies to create life-changing scientific and technological breakthroughs. We believe in the utmost professionalism, humility, and teamwork. Our tenants include multinational pharmaceutical companies; public and private biotechnology companies; life science product, service, and medical device companies; digital health, technology, and agtech companies; academic and medical research institutions; U.S. government research agencies; non-profit organizations; and venture capital firms. Alexandria has a longstanding and proven track record of developing Class A properties clustered in life science, agtech, and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. We have a longstanding and proven track record of developing Class A properties clustered within urban life science, agtech, and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science, agrifoodtech, climate innovation, and technology companies through our venture capital platform. Alexandria also provides strategic capital to transformative life science, agtech, and technology campuses through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
Our portfolio includes 64 operating properties and development projects that are held by consolidated real estate joint ventures and four properties that are held by unconsolidated real estate joint ventures. Our operating properties and development projects include 54 properties that are held by consolidated real estate joint ventures and four properties that are held by unconsolidated real estate joint ventures. The occupancy percentage of our operating properties in North America was 94.8% as of December 31, 2022. Our 10-year average occupancy percentage of our operating properties as of December 31, 2022 was 96%. The occupancy percentage of our operating properties in North America was 94.0% as of December 31, 2021. Our 10-year average occupancy percentage of our operating properties as of December 31, 2021, was 96%. Investment-grade or publicly traded large cap tenants represented 48% of our total annual rental revenue in effect as of December 31, 2022. Additional information regarding our consolidated and unconsolidated real estate joint ventures is included in “Item 7. Management’s discussion and analysis of financial condition and results of operations” in this annual report on Form 10-K. Additional information regarding risk factors that may affect us is included in “Item 1A. Risk factors” and “Item 7. Management’s discussion and analysis of financial condition and results of operations” in this annual report on Form 10-K.
1
Business objective and strategies
Our primary business objective is to maximize long-term asset value and shareholder returns based on a multifaceted platform of internal and external growth. A key element of our strategy is our unique focus on Class A properties located in collaborative life science, agtech, and technology campuses in AAA innovation clusters. A key element of our strategy is our unique focus on Class A properties clustered in urban campuses located in AAA innovation cluster locations. These key campus locations are generally characterized by high barriers to entry for new landlords, high barriers to exit for tenants, and a limited supply of available space. These key urban campus locations are characterized by high barriers to entry for new landlords, high barriers to exit for tenants, and a limited supply of available space. They generally represent highly desirable locations for tenancy by life science, agtech, and technology entities because of their close proximity to concentrations of specialized skills, knowledge, institutions, and related businesses. They represent highly desirable locations for tenancy by life science, agtech, and technology entities because of their close proximity to concentrations of specialized skills, knowledge, institutions, and related businesses. Our strategy also includes drawing upon our deep and broad real estate, life science, agtech, and technology relationships in order to identify and attract new and leading tenants and to source additional value-creation real estate.
Our tenant base is broad and diverse within the life science, agtech, and technology industries and reflects our focus on regional, national, and international tenants with substantial financial and operational resources. For a more detailed description of our properties and tenants, refer to “
Recently Filed
Click on a ticker to see risk factors
| Ticker * | File Date |
|---|---|
| CRAWA | 3 days, 15 hours ago |
| MWRK | 3 days, 15 hours ago |
| VIGL | 3 days, 17 hours ago |
| ISPC | 3 days, 17 hours ago |
| BBBT | 3 days, 18 hours ago |
| KINZ | 4 days, 4 hours ago |
| KERN | 4 days, 4 hours ago |
| ROC | 4 days, 5 hours ago |
| TLGA | 4 days, 7 hours ago |
| XGN | 4 days, 7 hours ago |
| RVLP | 4 days, 7 hours ago |
| SGC | 4 days, 7 hours ago |
| AIRG | 4 days, 7 hours ago |
| BJDX | 4 days, 7 hours ago |
| ENBP | 4 days, 8 hours ago |
| VBFC | 4 days, 8 hours ago |
| SUAC | 4 days, 8 hours ago |
| LHC | 4 days, 8 hours ago |
| GFGD | 4 days, 8 hours ago |
| BAER | 4 days, 8 hours ago |
| ALRN | 4 days, 8 hours ago |
| VLD | 4 days, 8 hours ago |
| GRPH | 4 days, 8 hours ago |
| FWBI | 4 days, 8 hours ago |
| GATO | 4 days, 8 hours ago |
| LTRN | 4 days, 8 hours ago |
| CPTN | 4 days, 8 hours ago |
| LQDA | 4 days, 8 hours ago |
| NLTX | 4 days, 8 hours ago |
| SMTI | 4 days, 8 hours ago |
| FDBC | 4 days, 9 hours ago |
| ATNX | 4 days, 10 hours ago |
| FHLD | 4 days, 13 hours ago |
| ZUMZ | 4 days, 15 hours ago |
| SONM | 4 days, 15 hours ago |
| MLTX | 4 days, 16 hours ago |
| AOMR | 4 days, 17 hours ago |
| DLOC | 4 days, 18 hours ago |
| BTX | 4 days, 18 hours ago |
| CMMB | 4 days, 18 hours ago |
| CYTR | 4 days, 18 hours ago |
| APCX | 4 days, 18 hours ago |
| EZFL | 1 week ago |
| EMYB | 1 week ago |
| TINV | 1 week ago |
| CVII | 1 week ago |
| FNWB | 1 week ago |
| AUBN | 1 week ago |
| PTRA | 1 week ago |
| BBWI | 1 week ago |
