Investment Thesis
Alexandria Real Estate Equities owns Class A life science campuses clustered in Boston, San Francisco, San Diego, and other innovation hubs. Long-duration leases with blue-chip biotech and pharma tenants support stable cash flows.
- Cluster Strategy: Mega campuses near research institutions attract leading tenants.
- Development Pipeline: Build-to-suit and pre-leased projects drive NAV growth.
- Balance Sheet: Investment-grade credit and JV partners fund growth.