| Business Summary | | Alexandria
Real
Estate
Equities,
Inc.
is
engaged
primarily
in
the
ownership,
operation,
management,
acquisition,
conversion,
retrofitting,
expansion
and
selective
development
and
redevelopment
of
strategically
located
properties,
containing
office
and
laboratory
space
designed
and
improved
for
lease,
principally
to
pharmaceutical,
biotechnology,
diagnostic
and
personal
care
products
companies,
scientific
research
institutions,
universities
and
related
government
agencies
(Life
Science
Industry).
Properties
leased
to
tenants
typically
consist
of
suburban
office
buildings
containing
scientific
research
and
development
laboratories
and
other
improvements
that
are
generic
to
tenants
operating
in
the
Life
Science
Industry.
As
of
December
31,
2000,
the
Company
owned
75
properties,
containing
approximately
4.9
million
rentable
square
feet
of
office
and
laboratory
space.
The
Company
has
elected
to
be
taxed
as
a
real
estate
investment
trust
for
federal
income
tax
purposes. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Alexandria
Real
Estate
Equities,
a
REIT,
engages
in
the
acquisition,
development
and
management
of
office/
laboratory
properties
for
lease
to
the
life
science
industry.
For
the
six
months
ended
6/30/01,
revenues
rose
26%
to
$61.4
million.
Net
income
applicable
to
Common
rose
25%
to
$12.8
million.
Revenues
reflect
higher
rental
revenues
and
tenant
recoveries
from
properties
acquired.
Net
income
was
partially
offset
by
increased
rental
operations
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Jerry Sudarsky, 81 Chairman | -- | Joel Marcus, 52 CEO | $381K | James Richardson, 40 Pres | 298K | Peter Nelson, 42 CFO,
Treasurer, Sr. VP | 248K | Laurie Allen, 39 Sr.
VP, Sec. | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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