Alexandria Real Estate Equities, Inc. · NYSE:ARE
Alexandria Real Estate Equities — Q2 2013 Earnings Presentation
21 slides from Alexandria Real Estate Equities's earnings presentation, Jul 30, 2013
Slide 1: Table of Contents
Table of Contents Page EARNINGS PRESS RELEASE Second Quarter Ended June 30, 2013, Financial and Operating Results Guidance Earnings Call Information Consolidated Statements of Income Consolidated Balance Sheets Funds From Operations and Adjusted Funds From Operations SUPPLEMENTAL INFORMATION Company
Slide 2: Percentage change in same property NOI over preceding period - GAAP basis
Percentage change in same property NOI over preceding period - GAAP basis
Slide 3: Same property definition footnote
(1) Recently delivered developments and redevelopments are included in the same property data in the periods after their completion only if the property was operating during the entire same property periods. For example, projects completed in 2010 are included in 2012 vs. 2011 same property performa
Slide 4: Leasing activity: renewed/re-leased space
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Slide 5: Slide 5
Slide 6: Redevelopment project comparison
Year Acquired/ Built Acquired in 2004 Built in 2003 Redevelopment Opportunity Identified at Acquisition Yes N/A Former Use Office/Laboratory Office Use After Conversion Laboratory Laboratory Projected GAAP NOI per RSF $58 $49 Projected Redevelopment Budget per RSF $525 $132 Key Tenants National Inst
Slide 7: Map of land, development and operating assets
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Slide 8: Background: Alexandria Center at Kendall Square
Background Alexandria received final approval from the City of Cambridge to develop the Alexandria Center ™ at Kendall Square, a fully-integrated life science campus featuring four world-class laboratory/office facilities, high-quality amenities, and green space. Alexandria’s entitlement efforts res
Slide 9: Map of assets: San Diego
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Slide 10: Slide 10
Slide 11: Background: 10300 Campus Point Drive
Background 10300 Campus Point Drive is Alexandria’s flagship 449,759 rentable square foot, multi-tenant campus in University Town Center. Alexandria owns and operates the headquarters campus of Illumina, Inc., the leading developer, manufacturer, and marketer of life science tools and integrated sys
Slide 12: Background: ARE Spectrum
Background ARE Spectrum is Alexandria’s 335,145 rentable square foot, multi-tenant campus located in Torrey Pines. The existing operating laboratory properties are fully leased to the Scripps Research Institute and Sapphire Energy, Inc. Update · 2Q12 - Acquired the 3013/3033 Science Park Road sites
Slide 13: Map of assets: Lake Union
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Slide 14: Background: Lake Union
Background Alexandria’s Dexter/Terry Avenue and Eastlake Avenue assets are located at Lake Union, home to numerous highly renowned medical research institutions, including the Fred Hutchinson Cancer Research Center and the University of Washington. Update · 2010: Completed 115,084 rentable square fo
Slide 15: Map of assets
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Slide 16: Background: Onyx campus
Background Alexandria owns and operates the headquarters campus of Onyx Pharmaceuticals, Inc., the cutting-edge global commercial-stage oncology company. Update · 2010: Completed development of 249 East Grand Avenue, 100% leased to Onyx Pharmaceuticals, Inc. · 4Q12: Completed development of 259 East
Slide 17: Slide 17
Slide 18: Background: 9800 Medical Center Drive
Background Alexandria’s 9800 Medical Center Drive campus is located in the heart of the Shady Grove Life Sciences Center. Update · 2013: Alexandria expects to complete redevelopment of 75,056 RSF; 100% pre-leased to National Institutes of Health for 15 years · 2013: Upon completion of the redevelopm
Slide 19: Slide 19
Slide 20: Liquidity
Liquidity Unhedged Variable Rate Debt as a % of Total Debt
Slide 21: Cash and debt maturities chart
‘$2,000 1.800 1,600 ‘Cash and Cash Buivalents $302 1.400 1.200 ailbii 1,000 (ease Unsecured $800 Senior Lin $600 ‘ot Credit $1,500 si00 $200
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