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Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $550,000,000 of Senior Notes due 2035

1. ARE priced a public offering of $550 million in senior notes. 2. The notes yield 5.532% and mature in 2035. 3. Proceeds will repay 3.45% Senior Notes due 2025. 4. ARE aims to enhance capital management and reduce debt. 5. The offering involves several major financial institutions as managers.

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FAQ

Why Bullish?

ARE's successful note offering enhances financial flexibility, similar to past capital raises which improved stability.

How important is it?

The capital raised impacts ARE's ability to manage debt, directly influencing investor confidence.

Why Short Term?

Immediate financial strategy modifications may positively influence ARE's stock price soon after the offering.

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ARESPYBKC
PASADENA, Calif., Jan. 30, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced that it has priced a public offering of $550,000,000 aggregate principal amount of 5.50% senior notes due 2035 (the "notes"). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Barclays Capital Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. are acting as joint book-running managers in connection with the public offering, and BBVA Securities Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., Capital One Securities, Inc., Evercore Group L.L.C., Fifth Third Securities, Inc., Huntington Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, Samuel A. Ramirez & Company, Inc. and Truist Securities, Inc. are acting as co-managers in connection with the public offering. The notes were priced at 99.733% of the principal amount with a yield to maturity of 5.532%. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary of the Company. The closing of the sale of the notes is expected to occur on or about February 13, 2025, subject to customary closing conditions. The net proceeds from the notes will be used to redeem or repay at maturity all or a portion of the Company's 3.45% Senior Notes due 2025, which mature on April 30, 2025. Pending such use, the Company will invest the net proceeds in high-quality short-term securities and/or will use such proceeds temporarily for general working capital and other general corporate purposes, which may include the reduction of the outstanding balance, if any, on the Company's unsecured senior line of credit, the reduction of the outstanding indebtedness, if any, under the Company's commercial paper program, the repayment of other debt and the selective development, redevelopment or acquisition of properties. Any net proceeds received from the sale of the notes in excess of the amount necessary to redeem or repay at maturity the 3.45% Senior Notes due 2025 will be used for general working capital and other general corporate purposes, as described above. The notes are being offered pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's notes, nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, by toll-free telephone at (866) 471-2526, by fax at (212) 902-9316 or by email at [email protected]; BofA Securities, Inc., 201 North Tryon Street, NC1-022-02-25, Charlotte NC 28255-0001, Attn: Prospectus Department, Toll-free: 1-800-294-1322, E-mail: [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or email: [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected]; or RBC Capital Markets, LLC, Attn: Syndicate Operations, at 200 Vesey Street, 8th Floor, New York, NY 10281, by toll-free telephone at (866) 375-6829, by fax at (212) 428-6308 or by email at [email protected]. About Alexandria Real Estate Equities, Inc.Alexandria, an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. For more information, please visit www.are.com. Forward-Looking StatementsThis press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the Company's offering of the notes and its intended use of the proceeds. These forward-looking statements are based on the Company's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company's forward-looking statements, and risks and uncertainties to the Company's business in general, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q. CONTACT: Sara Kabakoff, Senior Vice President – Chief Content Officer, (626) 788-5578, [email protected] SOURCE Alexandria Real Estate Equities, Inc.

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