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ALEXANDRIA REAL ESTATE EQUITIES, INC.

For the period ended Dec 31, 2025. Filed Apr 1, 2026.

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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.

Dec 31, 2025 · Filed Apr 1, 2026

ARE$44.80-0.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934

Filed by the Registrant ☒
Filed by a Party other than the Registrant ☐
Check the appropriate box:
☐Preliminary Proxy Statement
☐Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☒Definitive Proxy Statement
☐Definitive Additional Materials
☐Soliciting Material under §240.14a-12
Alexandria Real Estate Equities, Inc.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check all boxes that apply):
☒No fee required.
☐Fee paid previously with preliminary materials.
☐Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)1 and 0-11
2026 Proxy Statementi

Dear Stockholder:

You are cordially invited to attend the 2026 Annual Meeting of Stockholders of Alexandria Real Estate Equities, Inc., a

Maryland corporation (the “Company,” “Alexandria,” “our,” “we,” and “us”), to be held on Wednesday, May 13, 2026, at

11:00 a.m. Pacific Time, at 26 North Euclid Avenue, Pasadena, CA 91101 (the “2026 Annual Meeting”).

At the 2026 Annual Meeting, you will be asked to consider and vote upon: the election of eight directors; a resolution

to approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers; and the

ratification of the appointment by the Audit Committee of the Board of Directors of the Company (the “Board”) of Ernst &

Young LLP as our independent registered public accountants for the fiscal year ending December 31, 2026. The

accompanying Proxy Statement and Notice of Annual Meeting of Stockholders (the “Proxy Statement”) describe these matters.

We urge you to read this information carefully.

The Board unanimously believes that the election of its nominees as directors; approval, on a non-binding, advisory

basis, of the compensation of the Company’s named executive officers; and ratification of the appointment of our independent

registered public accountants are in the best interests of the Company and accordingly recommends a vote FOR the election

of all the nominees as directors; FOR the approval, on a non-binding, advisory basis, of the compensation of the Company’s

named executive officers; and FOR the ratification of the appointment of Ernst & Young LLP as our independent registered

public accountants.

In addition to the business to be transacted at the meeting, management will report on the progress of our business

and respond to comments and questions of general interest to stockholders. You will find a summary of some of the key

performance indicators and more detailed information in the Proxy Statement.

We sincerely hope that you will be able to attend and participate in the meeting. Whether or not you plan to attend the

meeting, it is important that your shares be represented and voted. You may authorize a proxy to vote your shares by

completing the accompanying proxy card or voting instruction form or by giving your proxy authorization via telephone or the

Internet in accordance with the instructions on the accompanying proxy card or voting instruction form that you should receive

from the bank, broker or other nominee that is the record holder for your shares.

BY COMPLETING AND RETURNING THE ACCOMPANYING PROXY CARD OR VOTING INSTRUCTION FORM

OR BY AUTHORIZING A PROXY VIA TELEPHONE OR THE INTERNET, YOU AUTHORIZE THE PROXY HOLDERS TO

REPRESENT YOU AT THE 2026 ANNUAL MEETING OF STOCKHOLDERS AND VOTE YOUR SHARES ACCORDING TO

YOUR INSTRUCTIONS. SUBMITTING YOUR PROXY NOW WILL NOT PREVENT YOU FROM VOTING IN PERSON AT

THE 2026 ANNUAL MEETING BUT WILL ENSURE THAT YOUR VOTE IS COUNTED IF YOU ARE UNABLE TO ATTEND.

Sincerely,

Joel S. Marcus

Executive Chairman and Founder

2026 Proxy Statementii
2026 Proxy Statementiii

NOTICE OF ANNUAL MEETING OF STOCKHOLDERS OF ALEXANDRIA REAL ESTATE EQUITIES, INC.

Date and Time:Wednesday, May 13, 2026, at 11:00 a.m. Pacific Time
Place:26 North Euclid Avenue, Pasadena, CA 91101
Items of Business:1.To consider and vote upon the election of eight directors to serve until the next annual meeting of stockholders of Alexandria Real Estate Equities, Inc., a Maryland corporation (the “Company”), and until their successors are duly elected and qualify.
2.To consider and vote upon, on a non-binding, advisory basis, a resolution to approve the compensation of the Company’s named executive officers, as described in the Proxy Statement for the 2026 Annual Meeting of Stockholders of the Company (the “2026 Annual Meeting”).
3.To consider and vote upon the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accountants for the fiscal year ending December 31, 2026.
4.To transact such other business as may properly come before the 2026 Annual Meeting or any postponement or adjournment thereof.
Record Date:The Board of Directors of the Company has set the close of business on March 16, 2026, as the record date for the determination of stockholders entitled to notice of and to vote at the 2026 Annual Meeting or any postponement or adjournment thereof.

By Order of the Board

Jackie B. ClemGeneral Counsel and Secretary

Pasadena, California

2026 Proxy Statementiv

TABLE OF CONTENTS

GENERAL INFORMATION1
PROXY STATEMENT SUMMARY3
2026 Annual Meeting of Stockholders ......................................................................................................................................................3
Proposals and Board Recommendations ................................................................................................................................................3
How to Cast Your Vote ................................................................................................................................................................................3
Business Overview ......................................................................................................................................................................................4
Our People: Dedication to Our Best-in-Class Team ...............................................................................................................................5
Corporate Governance Highlights .............................................................................................................................................................6
Board Nominees ..........................................................................................................................................................................................8
Say-on-Pay Advisory Vote ..........................................................................................................................................................................9
Executive Compensation Program Highlights .........................................................................................................................................10
CORPORATE GOVERNANCE MATTERS11
Corporate Governance ................................................................................................................................................................................11
Policies and Procedures With Respect to Related-Person Transactions ...........................................................................................12
Certain Relationships and Related Transactions ....................................................................................................................................12
Stockholder Outreach and Engagement ..................................................................................................................................................13
Business Integrity Policy .............................................................................................................................................................................13
Insider Trading Policies and Procedures ..................................................................................................................................................13
Board Composition and Nomination Process ..........................................................................................................................................14
Director Independence ................................................................................................................................................................................16
Information on the Board and Its Committees .........................................................................................................................................16
PROPOSAL 1 — ELECTION OF DIRECTORS20
DIRECTORS AND EXECUTIVE OFFICERS21
Background of Directors .............................................................................................................................................................................21
Background of Executive Officers .............................................................................................................................................................28
2025 Director Compensation Table ...........................................................................................................................................................35
PROPOSAL 2 — NON-BINDING, ADVISORY VOTE ON EXECUTIVE COMPENSATION37
Compensation Committee Report on Executive Compensation ..........................................................................................................38
COMPENSATION DISCUSSION AND ANALYSIS39
Executive Summary .....................................................................................................................................................................................61
Compensation Governance ........................................................................................................................................................................63
Key Elements of the Executive Compensation Program .......................................................................................................................66
2025 Compensation Decisions ..................................................................................................................................................................67
Retirement and Benefit Programs .............................................................................................................................................................98
Other Compensation Policies ....................................................................................................................................................................99
COMPENSATION TABLES AND RELATED NARRATIVE100
Summary Compensation Table ..................................................................................................................................................................100
2025 Grants of Plan-Based Awards Table ...............................................................................................................................................101
Outstanding Equity Awards at Fiscal Year End Table ............................................................................................................................103
2025 Option Exercises and Stock Vested Table .....................................................................................................................................103
Pension Benefits Table ................................................................................................................................................................................104
2025 Nonqualified Deferred Compensation Table ..................................................................................................................................105
Potential Payments Upon Termination or Change in Control ...............................................................................................................107
Chief Executive Officer Pay Ratio .............................................................................................................................................................111
2026 Proxy Statementv

TABLE OF CONTENTS (continued)

Pay Versus Performance ............................................................................................................................................................................112
Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information ................................................................................................................................................................................................114
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT115
AUDIT COMMITTEE REPORT117
PROPOSAL 3 — RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTANTS118
Fees Billed by Independent Registered Public Accountants ................................................................................................................118
OTHER INFORMATION119
Annual Report on Form 10-K and Financial Statements and Committee and Corporate Governance Materials of the Company ...................................................................................................................................................................................................119
Important Notice Regarding the Availability of Proxy Materials for the Stockholders Meeting to Be Held on Wednesday, May 13, 2026 ............................................................................................................................................................................................119
Stockholder Proposals and Director Nominations for the Company’s 2027 Annual Meeting ..........................................................119
Communicating With the Board .................................................................................................................................................................120
Other Information .........................................................................................................................................................................................120
Other Matters ................................................................................................................................................................................................120
Definitions and Reconciliations ..................................................................................................................................................................121
2026 Proxy Statement1
ContentsView on SEC.gov

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