Alexandria Real Estate Equities, headquartered in Pasadena, California, specializes in leasing space for life science and advanced technology sectors across major U.S. innovation clusters. It also provides venture capital to related companies, employing 568 staff.
ARE has been in the news recently: Alexandria Real Estate Equities, Inc. is facing a class action lawsuit for allegedly misleading investors about its financial outlook, which led to a significant impairment charge of $323.9 million. To improve its financial stability, the company announced a 45% reduction in its quarterly dividend to $0.72 per share, aiming to save $410 million annually.
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