Secondary Stock OfferingsBy The Online Investor Staff, updated Thu., Jan. 20, 11:36 PM
|This Slide: #9 of 25|
Slide #9. Alexandria Real Estate Equities, Inc. — Secondary Offering
Alexandria Real Estate Equities, Inc. (NYSE:ARE)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced that it is commencing an underwritten public offering of 6,500,000 shares of the Company's common stock, subject to market conditions, in connection with the forward sale agreements described below. The Company expects to grant the underwriters a 30-day option to purchase up to 975,000 additional shares. -updated 1/4- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced the pricing of its upsized public offering of 7,000,000 shares of the Company's common stock at a price of $210.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares. The offering is expected to close on or about January 7, 2022, subject to customary closing conditions.
Alexandria Real Estate Equities is an urban office real estate investment trust. Co. is engaged in the business of providing space for lease to the life science, technology, and agtech industries. Co.'s properties are similar in that they provide space for lease to the aforementioned industries, consist of improvements that are generic and reusable, are primarily located in AAA urban innovation cluster locations, and have similar economic characteristics. Co. operates in Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland, and Research Triangle. Co.'s tenants include multinational pharmaceutical companies; and public and private biotechnology companies, among others.
ARE SEC Filing Email Alerts Service
Open the ARE Page at The Online Investor »
Free ARE Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Strong Buy (3.80 out of 4)