Alexandria Real Estate Equities, Inc. is a real estate investment trust (REIT) focused on the cluster formation. The Company is a provider of real estate, technical infrastructure services and capital to the life science industry. The clients of the Company include institutional (universities and independent not-for-profit institutions), pharmaceutical, biopharmaceutical, medical device, product, service, and translational entities, as well as government agencies. During the year ended December 31, 2008, the Company executed 141 leases for approximately 2.2 million square feet. The Company completed the redevelopment of multiple spaces at 14 properties aggregating approximately 335,000 rentable square feet. In 2008, the Company leased approximately 630,000 rentable square feet of redevelopment and development space. As of December 31, 2008, the Company had 416 leases with a total of 347 tenants, and 79 of the 159 properties were single-tenant properties. As of December 31, 2008, the Company had 159 properties (155 properties located in ten states in the United States and four properties located in Canada) containing approximately 11.7 million rentable square feet (including spaces undergoing active redevelopment) and properties undergoing ground-up development of approximately 875,000 rentable square feet. CONSENSUS RECOMMENDATIONS Consensus Recommendation Next Earnings (approx.) Company Fiscal Year End Month Last Updated Outperform December 16 Nov 2009 ANALYST RECOMMENDATIONS AND REVISIONS 1-5 Linear Scale Current 1 Month Ago 2 Month Ago 3 Month Ago (1) BUY 2 2 2 2 (2) OUTPERFORM 2 2 2 2 (3) HOLD 5 5 5 6 (4) UNDERPERFORM 0 0 0 0 (5) SELL 0 0 0 0 No Opinion 0 0 0 0 Mean Rating 2.33 2.33 2.33 2.40 Nov 16, 2009 05:30 ET Alexandria Real Estate Considers $100 Million Investment for Biotech Development in India, an Industrial Info News Alert SUGAR LAND, TX--(Marketwire - November 16, 2009) - Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas) -- Like virtually all of the other major players in the Pharmaceutical & Biotech Industry, it appears that Alexandria Real Estate Equities Incorporated (NYSE:ARE) (Pasadena, California) is looking to India to build a $100 million biotech building. As opposed to the domestic market and its current slump, India expects annual growth rates of 14%. A top developer and owner of life science properties throughout North America, Alexandria is a real estate investment trust that is known for the quality of its developments. For details, view the entire article by subscribing to Industrial Info's Premium Industry News at http://www.industrialinfo.com/showNews.jsp?newsitemID=152479,... or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news. For more information send inquiries to pharmabiogroup@industrialinfo.com or visit us at www.industrialinfo.com.
$60.44 (11/16/09)
