Alexandria Real Estate Equities prices $1B of 7.25% junior subordinated notes due 2057

Filed August 14, 2026 · ~2 min read

Key Changes

• high

  Alexandria Real Estate Equities is offering $1 billion aggregate principal of 7.25% junior subordinated notes due 2057, with net proceeds of $985.3 million after fees. The notes rank junior to approximately $12.8 billion of existing senior debt.

  The Offering verify on EDGAR →
• high

  The company may defer interest payments for up to five consecutive years at its option. During deferral, holders receive no cash but may owe taxes on accrued interest, and the company can still pay REIT-required dividends to common stockholders.

  The Offering verify on EDGAR →
• medium

  Net proceeds will be used for general corporate purposes including debt reduction (credit line, commercial paper, other debt) and property development/acquisition. As of June 30, 2026, the company had $2.0 billion in commercial paper outstanding.

  Use of Proceeds verify on EDGAR →