Valued at a market cap of $18.9 billion, Alexandria Real Estate Equities, Inc. (ARE) is a leading urban office REIT focused on developing and operating life science, agtech, and technology campuses in premier innovation clusters across North America. With a mission-driven approach and a proven track record, it delivers dynamic environments that foster innovation, attract top talent, and drive long-term value for its diverse tenant base.
Shares of the Pasadena, California-based company have underperformed the broader market over the past 52 weeks. ARE has risen 3.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 31%. In 2024, shares of ARE are down 14.6%, compared to SPX’s 25.2% gain on a YTD basis.
