Home Real Estate Alexandria Real Estate REIT: Pharma’s Trusted Landlord (NYSE:ARE)

Alexandria Real Estate REIT: Pharma’s Trusted Landlord (NYSE:ARE)

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Alexandria Real Estate Equities, Inc (NYSE:ARE) is a REIT that focuses on collaborative life science, agtech, and technology campuses in AAA innovation cluster locations. As of March 31, 2022, the REIT had a total North American asset base of 74.2M square feet with over 1,000 tenants.

Its tenant base includes some of the largest publicly traded pharmaceutical companies, such as Bristol Myers Squibb Company (BMY), who is its single largest tenant by annual rental revenues, and Eli Lilly and Company (LLY).

Q1FY22 Investor Supplement - Breakout of Top Tenants

Q1FY22 Investor Supplement – Breakout of Top Tenants

On an overall basis, 50% of ARE‘s total rental revenues are from investment-grade or publicly traded large cap tenants. That figure is 86% for their top twenty tenants. With long-duration leases, averaging 7.3 years, ARE will continue to benefit from the cash flows backed by some of the most financially credible tenants.

Exposure to the life sciences industry…

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