Alexandria Real Estate Equities, Inc. Prices $550M Senior Notes Due 2035

Alexandria Real Estate Equities, Inc. (NYSE: ARE) has priced a public offering of $550,000,000 aggregate principal amount of 5.50% senior notes due 2035. The notes were priced at 99.733% of the principal amount with a yield to maturity of 5.532%. The offering is expected to close on or about February 13, 2025, subject to customary closing conditions.

The net proceeds from the offering 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. 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.

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 prospectus-ny@ny.email.gs.com; 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: dg.prospectus_requests@bofa.com; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or email: prospectus@citi.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; 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 rbcnyfixedincomeprospectus@rbccm.com.

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. As the pioneer of the life science real estate niche since its founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech and technology campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, Research Triangle, and New York City. For more information, please visit www.are.com.

Forward-Looking Statements
This 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 current expectations and assumptions about future events, and they are subject to risks and uncertainties. Actual results could differ materially from those described in the forward-looking statements. The Company undertakes no duty to update any forward-looking statement, whether as a result of new information, future events, or otherwise.