Pasadena’s Alexandria Real Estate Nets Laurel for Communications and Reporting

Published : Wednesday, June 5, 2019 | 12:20 PM

The National Association of Real Estatement Investment Trusts (NAREIT) recently crowned Pasadena-based Alexandria Real Estate with laurels for its “superior shareholder communications and reporting excellence,” the company announced.

Alexandria is an urban office real estate investment trust (REIT) focused on collaborative life science and technology campuses.

Highlighting the company’s transparency, NAREIT bestowed its 2019 National Association of Real Estate Investment Trusts (NAREIT) Gold Investor CARE (Communications and Reporting Excellence) Award in the Large Cap Equity REIT category.

It is Alexandria’s fourth such award since 2015. The honor was presented at a ceremony held June 4, at REITweek, NAREIT’s 2019 Investor Conference, in New York City.

Through its annual awards program, NAREIT, which represents REITs and publicly traded real estate companies, honors exceptional organizations that most effectively interact with investors online, in writing and through verbal communications.

Alexandria was chosen by an independent panel of judges, which includes REIT analysts, portfolio managers and academics.

“We take great pride in operating at the highest levels of transparency, integrity and accountability,” said Dean A. Shigenaga, Alexandria’s Co-President and Chief Financial Officer. Our four-time recognition is a direct result of the collective dedication and execution of our best-in-class team and is a testament to our industry-leading reporting practices, which are driven by our sound governance and deep commitment to providing our stakeholders with comprehensive and clear communications.”

Shigenaga accepted the award in New York on the company’s behalf.

Companies were evaluated on the strength of their online presence, including ease of navigation and availability of information, transparency and diligence with regard to Securities Exchange Commission filings, supplemental filings, and investor relations practices, including quality of earnings calls and the accessibility of management.

Alexandria Real Estate Equities, Inc. has a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet as of March 31. The asset base includes 23.2 million rentable square feet (RSF) of operating properties and 4.4 million RSF of new Class A properties currently undergoing construction or pre-construction.

Founded in 1994, Alexandria has since established a significant market presence in key locations such as Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle.

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