PASADENA, Calif., Sept. 26, 2018 /PRNewswire/ — Alexandria Absolute Acreage Equities, Inc. (ARE), an burghal appointment REIT abnormally focused on collaborative activity science and technology campuses in AAA addition array locations, today appear that Moody’s Investors Service (Moody’s) upgraded the company’s accumulated acclaim rating, including its abiding issuer and arch apart ratings, to Baa1 from Baa2. The appraisement angle is stable.
The appraisement advancement reflects Alexandria’s connected and cogent advance of its acclaim profile, which is accurate by lower advantage levels and adequate fixed-charge coverage. The appraisement advancement was additionally abundantly apprenticed by the company’s high-quality and adapted asset abject of Class A backdrop amassed in key burghal addition array locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle Park, and the affection of its REIT industry-leading addressee base.
“We are admiring to be accustomed by Moody’s, and we are absolute appreciative of the abiding advance in our acclaim contour back we accustomed our antecedent acclaim rating,” said Dean A. Shigenaga, co-president and arch banking administrator of Alexandria Absolute Acreage Equities, Inc. “We abide in a different position in our alcove aural the appointment REIT area today with solid absolute acreage and activity science industry fundamentals, which allows, and will abide to allow, our best-in-class aggregation to bear able operating and banking performance.”
About Alexandria Absolute Acreage Equities, Inc.
Alexandria Absolute Acreage Equities, Inc. (ARE), an S&P 500® company, is an burghal appointment REIT abnormally focused on collaborative activity science and technology campuses in AAA addition array locations, with a absolute bazaar assets of $18.8 billion and an asset abject in North America of 32.0 actor SF as of June 30, 2018. The asset abject in North America includes 21.5 actor RSF of operating backdrop and 3.5 actor RSF of development and redevelopment of new Class A backdrop currently adeptness architecture and pre-construction activities with ambition commitment dates alignment from 2018 through 2020. Additionally, the asset abject in North America includes 7.0 actor SF of intermediate-term and approaching development projects. Founded in 1994, Alexandria pioneered this alcove and has back accustomed a cogent bazaar attendance in key locations, including Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle Park. Alexandria has a longstanding and accurate clue almanac of developing Class A backdrop amassed in burghal activity science and technology campuses that accommodate its avant-garde tenants with awful activating and collaborative environments that enhance their adeptness to auspiciously recruit and absorb world-class aptitude and affect productivity, efficiency, adroitness and success. Alexandria additionally provides cardinal basic to transformative activity science and technology companies through its adventure basic arm. We accept our different business archetypal and active underwriting ensure a high-quality and assorted addressee abject that after-effects in college control levels, best charter terms, college rental income, college allotment and greater abiding asset value. For added information, amuse appointment www.are.com.
This columnist absolution contains advanced statements aural the acceptation of the federal balance laws. Absolute after-effects ability alter materially from those projected in the advanced statements. Added advice apropos factors that could account absolute after-effects to alter materially from those in the advanced statements is independent in the company’s Annual Report on Form 10-K and added alternate letters filed with the Balance and Exchange Commission.
CONTACT: Sara Kabakoff, AVP – Accumulated Communications, Alexandria Absolute Acreage Equities, Inc., (626) 788-5578
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