Alexandria Real Estate Equities Named One of the World's Most Trustworthy Companies by Newsweek

Strategic Insights -

Alexandria Real Estate Equities, Inc., a leading life science REIT, has been recognized as one of the World's Most Trustworthy Companies by Newsweek in 2024. This prestigious distinction is based on an extensive independent survey of over 70,000 participants, who rated companies on investor, customer, and employee trust. Alexandria is one of only three S&P 500 REITs recognized in the real estate and housing category. This recognition builds on the company's previous recognition as one of America's Most Trustworthy Companies in 2023 and 2024.

Key Takeaways:

  • Alexandria has generated an outstanding total shareholder return (TSR) of 1,420% since its initial public offering in May 1997 through June 30, 2024, significantly outperforming major indices.
  • The company has received eight Nareit Investor CARE (Communications and Reporting Excellence) Awards, including seven Gold Awards, the most earned by any equity REIT.
  • Alexandria's mega campuses encompass 74% of its annual rental revenue, with 80% of leasing activity in the past year generated from existing tenants.
  • The company has a talented employee base, with a low five-year average voluntary turnover rate of 4.1% (2019-2023), substantially lower than the Nareit 2023 Compensation & Benefits Survey (14.0%).
  • Alexandria has a longstanding corporate responsibility pillar, addressing pressing national challenges, including mental health, hunger, and education.
  • Since 2010, the company has partnered with the Navy SEAL Foundation, supporting the foundation's vital work addressing the unique physical and mental health needs of elite warriors.

Statistics:

  • Total shareholder return (TSR): 1,420%
  • TSR vs. major indices (1997-2024, assuming reinvestment of dividends):

+ FTSE Nareit Equity Health Care Index: 1,091%

+ MSCI US REIT Index: 790%

  • Employee turnover rate (2019-2023): 4.1%
  • Rent generated from existing tenants (2024): 80%

Sources:

  • Newsweek, "World's Most Trustworthy Companies 2024"
  • Alexandria Real Estate Equities, Inc. press release, September 30, 2024, from PRNewswire
  • Alexandria Real Estate Equities, Inc. annual reports, filed with the Securities and Exchange Commission (SEC)