PASADENA, Calif., June 9, 2015 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), a real estate investment trust uniquely focused on clustering Class A assets in urban science and technology campuses located in the heart of centers of innovation, announced today that it has received the 2015 National Association of Real Estate Investment Trusts' (NAREIT) Investor CARE (Communications and Reporting Excellence) Gold in Large Cap Equity REITs award, for achieving the highest levels in communications and reporting to shareholders. The award was presented at a ceremony held today at REITWeek 2015: NAREIT's Investor Forum in New York City. The winner of this prestigious award is decided by a panel of REIT securities analysts and portfolio managers with a wide variety of experience and expertise.
Each year, NAREIT, the leading representative and advocate for REITs and publicly traded real estate companies, recognizes exceptional organizations that interact most effectively and articulately with investors -- both digitally and in the written and spoken word. In today's highly connected, fast-paced digital world, effective communication and distribution of pertinent information is extremely important. When it comes to communications and reporting, accessibility, availability and approachability - partnered with comprehensive, well-articulated information - are the keys to inspiring productivity, efficiency, creativity and success.
"This Gold award represents an important recognition of our team's focus on transparency, integrity and quality communications," stated Dean Shigenaga, Executive Vice President, Chief Financial Officer and Treasurer of Alexandria, who accepted the award on behalf of the company. "Our communications and disclosures aim to provide clarity into our key strategic business objectives, detailed earning guidance assumptions, operating performance growth drivers, capital allocation, sources and use of capital, and key credit rating performance metrics, among many other areas. Alexandria is committed to reporting excellence, and I am pleased that we have achieved our goal of being a first in class REIT in these areas."
Companies were evaluated on the strength of their online presence, noting ease of navigability and user experience; transparency and diligence in regards to SEC filings, inclusive of supplemental filings and Annual Reports; and the comprehensiveness and quality of Investor Relations practices including earnings calls, management accessibility and quality of information provided in conference calls, road shows and press releases.
About Alexandria Real Estate Equities, Inc.:
Alexandria Real Estate Equities, Inc. (NYSE: ARE), is the largest and leading REIT uniquely focused on collaborative science campuses in urban innovation clusters located in key coastal gateway cities, with a total market capitalization of $11.3 billion as of March 31, 2015, and an asset base of 30.7 million square feet, including 18.5 million RSF of operating and current value-creation projects, as well as an additional 2.2 million square feet of near-term and 10.0 million square feet of future ground-up development projects. Alexandria pioneered this niche in 1994 and has since established a dominant market presence in AAA locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle Park. Alexandria is known for its high-quality and diverse client tenant base, with approximately 52% of total annualized base rent as of March 31, 2015, generated from investment-grade client tenants – a REIT industry-leading percentage. Alexandria has a longstanding and proven track record of developing Class A assets clustered in urban science and technology campuses that provide its innovative client tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Management believes these advantages result in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value.
For more information, please visit www.are.com.
SOURCE Alexandria Real Estate Equities, Inc.