Initiated Hold X

ARE Alexandria RE

Jefferies

$80

Downgrades Neutral Underperform X

ARE Alexandria RE

BNP Paribas Exane

Initiated Neutral X

ARE Alexandria RE

Cantor Fitzgerald

$88

Upgrades In-line Outperform X

ARE Alexandria RE

Evercore ISI

$104

Initiated Hold X

ARE Alexandria RE

Jefferies

$100

Downgrades Overweight Neutral X

ARE Alexandria RE

JP Morgan

$133 $121

Downgrades Buy Hold X

ARE Alexandria RE

Deutsche Bank

$135 $112

Downgrades Outperform Sec Perform X

ARE Alexandria RE

RBC Capital Mkts

$130 $125

Downgrades Buy Neutral X

ARE Alexandria RE

Citigroup

$130 $125

Downgrades Buy Neutral X

ARE Alexandria RE

BofA Securities

$151 $126

Downgrades Outperform In-line X

ARE Alexandria RE

Evercore ISI

$133 $126

Downgrades Outperform Neutral X

ARE Alexandria RE

Wedbush

$140 $130

Initiated Buy X

ARE Alexandria RE

Deutsche Bank

$140

Initiated Neutral X

ARE Alexandria RE

Exane BNP Paribas

$108

Initiated Outperform X

ARE Alexandria RE

Wedbush

$120

Initiated Buy X

ARE Alexandria RE

Jefferies

$142

Initiated Neutral X

ARE Alexandria RE

Credit Suisse

$140

Resumed Buy X

ARE Alexandria RE

Mizuho

$200

Upgrades Neutral Outperform X

ARE Alexandria RE

Robert W. Baird

$194

Upgrades Underweight Neutral X

ARE Alexandria RE

JP Morgan

Upgrades Outperform Top Pick X

ARE Alexandria RE

RBC Capital Mkts

Upgrades Neutral Buy X

ARE Alexandria RE

Citigroup

ARE  Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems. As of December 31, 2016, the Company had 199 properties in North America. As of December 31, 2016, its asset base in North America consisted of 25.2 million square feet, including 19.9 million rentable square feet/foot (RSF) of operating properties, and development and redevelopment of under construction or pre-construction, as well as 5.3 million square feet of future ground-up development projects. Its properties are located in various areas, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle Park. Its properties include Alexandria Technology Square, Alexandria Park at 128 and Alexandria Technology Center-Gateway.