Sept. 30, 2019 -- Alexandria Real Estate Equities, Inc. today announced that it has elected to cause the mandatory conversion of all 2,298,432 issued and outstanding shares of its 7.00% Series D Cumulative Convertible Preferred Stock (NYSE: ARE/PD) (CUSIP 015271 505) into shares of its Common Stock, par value $0.01 per share, pursuant to Section 6 of the Company's Articles Supplementary relating to the Series D Preferred Stock. The effective date of the conversion of the Series D Preferred Stock will be October 7, 2019. As previously announced, the $0.4375 per-share dividend on the Series D Preferred Stock for the third quarter of 2019 will be paid separately on October 15, 2019, to holders of record of the Series D Preferred Stock on September 30, 2019. Any dividends on the Series D Preferred Stock will cease to accrue as of the Effective Date (and no dividends on such converted shares shall be payable except as provided in the terms of the Articles Supplementary and as described in the immediately preceding sentence). The Series D Preferred Stock will be converted at the conversion rate of 0.2513 shares of Common Stock for each share of Series D Preferred Stock, which is equivalent to a conversion price of approximately $99.48 per share. In accordance with the Articles Supplementary, we will not issue fractional shares of Common Stock upon the conversion of shares of Series D Preferred Stock. Instead, holders will receive the cash value of any such fractional share based upon the closing price of the Common Stock on the trading day immediately preceding the Effective Date. The Common Stock and the Series D Preferred Stock are listed on the New York Stock Exchange under the symbols "ARE" and "ARE/PD," respectively. Upon the effectiveness of the conversion, the Series D Preferred Stock will be canceled and will be delisted and cease trading on the NYSE.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Alexandria Real Estate Equities Inc., 7.00% Series D Cumulative Convertible Preferred Stock, liquidation preference $25 per share, and with no stated maturity. Distributions of 7.00% ($1.75) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on the record date fixed by the board, not more than 30 days or less than 10 days prior to the payment date (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by preferreds issued by REITs are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The preferred shares are convertible any time at the holder's option into 0.2477 common shares of Alexandria Real Estate Equities Inc. (NYSE: ARE), an initial conversion price of $100.93 per common share. On or after 4/20/2013, if the price of the common stock exceeds 150% of the conversion price for 20 of any 30 consecutive trading days, the company may, at their option, force the preferred shares to be converted into common shares at the then prevailing conversion price. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the convertible preferred stock and the conversion provisions by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Conv Shrs Conv Price	Distribution Dates	15% Tax Rate
NYSE Chart	7.00% $1.75	$25.00 $25.00	Called for 10/07/2019 None	Baa2 BBB+ 4/01/2019	0.2477 $100.93	1/15, 4/15, 7/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.are.com/
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Email Address	corporateinformation@are.com
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Address and Phone Numbers

Address:   385 East Colorado Boulevard, Suite 299, Pasadena, CA 91101
Main Phone Number	626-578-0777
Fax Number	626-578-0896
Investor Contact (CEO)   Joel S. Marcus	626-396-4828
Toll Free Phone Number	Unknown

CEO - Joel S. Marcus

CFO - Dean A. Shigenaga