Alexandria Real Estate Equities, Inc. filed a Form 8-K with the SEC on August 14, 2026, disclosing that on August 12, 2026, it entered into an underwriting agreement for the sale of $1,000,000,000 aggregate principal amount of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057.

Key Highlights

  • Offering size: $1,000,000,000 aggregate principal amount of notes priced on August 12, 2026.
  • Note terms: 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057.
  • Security ranking: The notes are unsecured junior subordinated obligations of the company.
  • Guarantor: Alexandria Real Estate Equities, L.P. will fully and unconditionally guarantee the notes on a subordinated unsecured basis.
  • Expected settlement: The underwriters expect to deliver the notes to purchasers on or about August 21, 2026, subject to customary closing conditions.
  • Underwriters: J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and RBC Capital Markets, LLC served as representatives of the several underwriters.

Alexandria Real Estate Equities Issues $1 Billion in Junior Subordinated Notes Due 2057

According to the filing, Alexandria Real Estate Equities, Inc. (NYSE:ARE) and its operating partnership, Alexandria Real Estate Equities, L.P., entered into an underwriting agreement on August 12, 2026, for a debt offering totaling $1,000,000,000 in aggregate principal amount. The notes carry a rate of 7.250% and are structured as Fixed-to-Fixed Reset Rate Junior Subordinated Notes maturing in 2057. The company disclosed that the notes were offered pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.

The filing states that the notes will constitute unsecured junior subordinated obligations of the company, and that Alexandria Real Estate Equities, L.P., as guarantor, will fully and unconditionally guarantee the notes on a subordinated unsecured basis. The underwriters, led by J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and RBC Capital Markets, LLC, are expected to deliver the notes to purchasers on or about August 21, 2026, subject to customary closing conditions.

The company also disclosed that on August 12, 2026, it issued a press release announcing the pricing of the notes. The underwriting agreement, dated August 12, 2026, and the press release are attached as Exhibit 1.1 and Exhibit 99.1, respectively. The report was signed by Marc E. Binda, Chief Financial Officer and Treasurer, on August 14, 2026.

What Was Disclosed

The filing reports the execution of an underwriting agreement for $1,000,000,000 of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057, guaranteed by Alexandria Real Estate Equities, L.P., with expected settlement on or about August 21, 2026.