Alexandria Real Estate Equities, Inc. Delivers 427,000 RSF Innovative Research & Development Hub for a Multinational Pharmaceutical Company at the Campus Point by Alexandria Megacampus™ in San Diego

Rhea-AI Summary

Alexandria Real Estate Equities (NYSE: ARE) announced the delivery of a 427,000 rentable square feet (RSF) state-of-the-art research and development hub for Bristol Myers Squibb at the Campus Point by Alexandria Megacampus in San Diego. BMS becomes an anchor tenant, extending a strategic relationship with Alexandria dating back to 1998.

As of March 31, 2026, Campus Point was 95.4% occupied and totaled 2.9 million RSF, comprising 1.3 million RSF of operating properties, 0.9 million RSF under construction and 0.7 million RSF for future development and redevelopment. In the San Diego region, Alexandria reported 6.2 million RSF of operating assets and 0.9 million RSF of development assets, reinforcing its cluster-focused Megacampus strategy built around proximity to leading institutions such as Salk Institute, Scripps Research and the University of California, San Diego.

Positive

• 427,000 RSF R&D hub delivered for Bristol Myers Squibb at Campus Point
• Campus Point Megacampus 95.4% occupied as of March 31, 2026
• Campus Point totals 2.9 million RSF across operating, construction and future development
• San Diego region comprises 6.2 million RSF operating and 0.9 million RSF development assets

Negative

• None.

News Market Reaction – ARE

-0.34%

-0.34% Session close to close

In the Jul 20 session, ARE declined 0.34%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

Recent insider activity recorded Net Buying across the 90-day context. Against that backdrop, the hu...

Analysis

Recent insider activity recorded Net Buying across the 90-day context. Against that backdrop, the hub delivery added leasing evidence; occupancy and development execution remain relevant, while prior news reactions were mixed.

Key Figures

R&D hub size: 427,000 RSF Campus Point occupancy: 95.4% Campus Point total area: 2.9 million RSF +5 more

8 metrics

R&D hub size 427,000 RSF Delivered for Bristol Myers Squibb at Campus Point

Campus Point occupancy 95.4% As of March 31, 2026

Campus Point total area 2.9 million RSF As of March 31, 2026

Operating properties 1.3 million RSF Campus Point properties in operation

Properties under construction 0.9 million RSF Campus Point development portfolio

Future development area 0.7 million RSF Available for future development and redevelopment

San Diego operating assets 6.2 million RSF As of March 31, 2026

San Diego development assets 0.9 million RSF As of March 31, 2026

Historical Context

5 past events · Latest: Jul 01 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jul 01	Partnership reaffirmation	Positive	+0.3%	Reaffirmed support for the National Medal of Honor Museum Foundation partnership.
Jun 30	Responsibility report	Positive	-4.9%	Released corporate responsibility report covering emissions, renewable electricity, and sustainability initiatives.
Jun 15	Talent recognition	Positive	-1.5%	Ranked 16th among S&P 500 companies for talent readiness.
Jun 09	Life-science investment	Positive	+3.1%	Highlighted New York life-science development and early-stage biotechnology investment activity.
Jun 01	Dividend declaration	Positive	-2.1%	Declared a quarterly cash dividend of $0.72 per common share.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

ARE's recent news reactions were mixed, with positive reactions to some partnership and investment-related updates and negative reactions to other corporate announcements.

Key Terms

reit, rsf, rentable square feet

3 terms

reit financial

"newly formed startup REIT focused on pioneering the life science real estate niche"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

rsf technical

"427,000 rentable square feet (RSF) state-of-the-art Research & Development"

RSF stands for rentable square feet, the amount of space a landlord charges rent for in a commercial property, typically including a tenant’s usable area plus a share of common spaces like lobbies and hallways. Investors use RSF the way a restaurant owner counts seats—it's the unit that determines potential rental income, occupancy metrics and how properties are compared or valued, so changes in RSF affect revenue and real estate valuation.

rentable square feet technical

"427,000 rentable square feet (RSF) state-of-the-art Research & Development"

Rentable square feet is the total floor area a landlord charges tenants for, including the tenant’s usable space plus a proportional share of common areas like lobbies, hallways and restrooms. Investors use it to calculate income and compare properties because rent and lease rates are typically quoted per rentable square foot; think of it as the full ticket price that includes your seat plus a share of the theater’s aisles and lobby.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Campus Point by Alexandria reinforces the success of Alexandria's highly consequential Megacampus platform, achieving 95.4% occupancy and further strengthening a thriving Megacampus ecosystem that attracts and enables leading life science and advanced technology entities to advance life-changing innovation

PASADENA, Calif., July 20, 2026 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation clusters, today announced that it has delivered a 427,000 rentable square feet (RSF) state-of-the-art Research & Development (R&D) hub for Bristol Myers Squibb (BMS) at the Campus Point by Alexandria Megacampus™ (Campus Point) in San Diego, California. Since 1998, Alexandria has strategically partnered with BMS across Alexandria's highly consequential and innovative life science and advanced technology clusters, and is proud to enhance this mission-critical relationship with BMS as an anchor tenant at the iconic Campus Point Megacampus.

In 1994, as a newly formed startup REIT focused on pioneering the life science real estate niche, Alexandria acquired its first laboratory building in Torrey Pines, and in 2010, launched the initial phase of the company's Campus Point by Alexandria Megacampus. As of March 31, 2026, Campus Point was 95.4% occupied and spans 2.9 million RSF, including 1.3 million RSF of properties in operation, 0.9 million RSF under construction, as well as 0.7 million RSF available for future development and redevelopment. "We are grateful and proud to continue our decades-long partnership with Bristol Myers Squibb with their new R&D hub at Campus Point," said Bret Gossett, executive vice president – co-regional market director and head of leasing for the San Diego region at Alexandria Real Estate Equities, Inc. "Campus Point is home to a diverse ecosystem of innovative companies, including multinational pharma companies, leading research institutes and advanced technology companies. Strategically designed to accelerate innovation, Campus Point provides tenants with the flexibility to expand within the same Megacampus ecosystem while helping them recruit and retain top talent, translate research into life-changing treatments with mission-critical infrastructure and leverage key industry relationships, all of which contribute to Alexandria's leasing velocity, portfolio performance and long-term business strategy."

Alexandria's San Diego region is one of the nation's most dynamic life science and advanced technology clusters, harnessing and uniting the four critical factors of the company's unique cluster model: location, innovation, talent and capital. As of March 31, 2026, the region comprises 6.2 million RSF of operating assets and 0.9 million RSF of development assets. Campus Point exemplifies the consequential impact of Alexandria's highly differentiated Megacampus ecosystems and the company's unique, multifaceted cluster-driven strategy. The stunning Megacampus is strategically located within The Miracle Mile of Medicine™ in San Diego, and situated within a dense concentration of renowned research and academic institutions, including Salk Institute, Scripps Research and University of California, San Diego, providing direct access to world-class scientific research and highly skilled talent, which increase collaborative innovation and enhance tenants' ability to recruit, engage and retain top talent. Featuring unmatched scale, inspiring design and impactful amenities, Campus Point will feature walking paths, a retail breezeway, a community farm and market, pickleball courts, athletic fields, fitness and wellness spaces, events and conference spaces, and eateries including a café, tavern and destination restaurant, enriching Alexandria's vibrant Megacampus ecosystem at the center of the growing San Diego science sector.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. As of March 31, 2026, Alexandria had a total market capitalization of $20.44 billion and an asset base in North America that includes 35.8 million RSF of operating properties. Alexandria has a long-standing and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. For more information on Alexandria, please visit www.are.com.

Forward-Looking Statements 
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the expected benefits and impact of Campus Point by Alexandria Megacampus, including with respect to BMS's continued growth, research and development objectives, innovation, collaboration and ability to recruit, engage and retain talent; Alexandria's expected annual rental revenue from the delivered R&D hub; the expected scale, development, redevelopment, design, amenities and other attributes of Campus Point; and the expected benefits of Alexandria's Megacampus ecosystem and cluster-driven strategy, including with respect to tenant demand, leasing velocity, portfolio performance and long-term value creation. These forward-looking statements are based on Alexandria's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.

CONTACT: Sara Cohen, Assistant Vice President – Capital Markets & Corporate Operations, (646) 799-2617, scohen@are.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-delivers-427-000-rsf-innovative-research--development-hub-for-a-multinational-pharmaceutical-company-at-the-campus-point-by-alexandria-megacampus-in-san-diego-302828925.html

SOURCE Alexandria Real Estate Equities, Inc.

FAQ

What did Alexandria Real Estate Equities (NYSE: ARE) announce on July 20, 2026?

Alexandria announced it delivered a 427,000 RSF R&D hub for Bristol Myers Squibb at Campus Point by Alexandria in San Diego. According to Alexandria, this strengthens BMS’s role as an anchor tenant and extends a strategic relationship that began in 1998 across its life science clusters.

How large is the new Bristol Myers Squibb R&D hub at Campus Point by Alexandria?

The new Bristol Myers Squibb R&D hub at Campus Point by Alexandria comprises 427,000 rentable square feet. According to Alexandria, this state-of-the-art facility is part of the Megacampus ecosystem designed to support life science innovation, talent recruitment and long-term expansion within the San Diego cluster.

What is the occupancy rate and scale of Campus Point by Alexandria in 2026 for ARE?

Campus Point by Alexandria was 95.4% occupied and totaled 2.9 million RSF as of March 31, 2026. According to Alexandria, this includes 1.3 million RSF in operation, 0.9 million RSF under construction and 0.7 million RSF reserved for future development and redevelopment.

How big is Alexandria Real Estate Equities’ San Diego portfolio in terms of RSF?

Alexandria’s San Diego region includes 6.2 million RSF of operating assets and 0.9 million RSF of development assets. According to Alexandria, this footprint reflects one of the nation’s most dynamic life science and advanced technology clusters, aligned with its cluster-driven Megacampus strategy.

Why is the Campus Point by Alexandria Megacampus important for life science companies like BMS?

Campus Point by Alexandria provides large-scale, flexible R&D space within a dense life science cluster. According to Alexandria, its location near Salk Institute, Scripps Research and UC San Diego, plus extensive amenities, supports collaboration, talent recruitment and long-term expansion for tenants such as Bristol Myers Squibb.

Where is Campus Point by Alexandria located and which institutions surround it?

Campus Point by Alexandria is located within the Miracle Mile of Medicine in San Diego. According to Alexandria, it lies amid renowned research and academic institutions including Salk Institute, Scripps Research and the University of California, San Diego, enhancing access to world-class science and talent.