Vanguard disaggregates holdings; ARE ownership shown as 0 (ARE)

Rhea-AI Filing Summary

Alexandria Real Estate Equities Inc received an Amendment No. 21 Schedule 13G/A from The Vanguard Group reporting beneficial ownership of 0 shares of Common Stock as of 03/13/2026.

The filing states Vanguard completed an internal realignment and certain subsidiaries/business divisions will report ownership separately in reliance on SEC Release No. 34-39538; Vanguard states it no longer has beneficial ownership over securities held by those affiliates.

Insights

Institutional Ownership Analyst

Vanguard disaggregated holdings; reported 0% ownership in ARE as of 03/13/2026.

The amendment documents an internal realignment that caused previously aggregated holdings to be reported separately by subsidiaries or business divisions, citing SEC Release No. 34-39538. The filing lists 0% beneficial ownership and zero voting and dispositive powers.

Practical implication: reported ownership has shifted among related reporting entities; subsequent Schedule 13 filings from Vanguard-affiliated subsidiaries may show the actual positions attributable to Vanguard-managed accounts.

Corporate Governance Counsel

The filing follows a routine regulatory disaggregation under SEC guidance and clarifies voting/dispositive power as zero.

The statement references SEC Release No. 34-39538 to justify separate reporting by subsidiaries or business divisions. It affirms that those entities "pursue the same investment strategies" previously pursued by The Vanguard Group, Inc.

Compliance note: this is an administrative reporting change. Watch for related 13G/A entries from Vanguard subsidiaries that may disclose the underlying holdings previously reported under the Vanguard umbrella.

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

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Accepted by SEC EDGAR 03/26/2026 - 03:25 PM Learn about SEC filing dates

FAQ

What does Schedule 13G/A show for ARE from The Vanguard Group?

It shows The Vanguard Group reports beneficial ownership of 0 shares of ARE Common Stock as of 03/13/2026. The filing explains Vanguard disaggregated holdings after an internal realignment under SEC Release No. 34-39538.

Why did Vanguard report zero ownership of ARE in this amendment?

Because of an internal realignment Vanguard states certain subsidiaries/business divisions now report separately. The filing cites SEC Release No. 34-39538 and says Vanguard no longer has beneficial ownership over those affiliates' securities.

Does this filing mean Vanguard no longer manages assets in ARE?

No; the filing indicates reporting changed, not investment strategy. It states subsidiaries pursue the same investment strategies and will report beneficial ownership separately under the cited SEC release.

Will related Vanguard entities report ARE holdings after this amendment?

Yes, the filing implies separate reports by subsidiaries or business divisions; investors should expect additional Schedule 13 filings from Vanguard-affiliated entities disclosing those positions.

What voting or dispositive power does Vanguard report for ARE shares?

Zero voting and zero dispositive power are reported: the filing lists sole and shared voting power as 0 and sole and shared dispositive power as 0 for the class.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 21)

Alexandria Real Estate Equities Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

(CUSIP Number)

03/13/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP No.

1

Names of Reporting Persons

The Vanguard Group

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

PENNSYLVANIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: On January 12, 2026, The Vanguard Group, Inc. went through an internal realignment. In accordance with SEC Release No. 34-39538 (January 12, 1998), certain subsidiaries or business divisions of subsidiaries of The Vanguard Group, Inc., that formerly had, or were deemed to have, beneficial ownership with The Vanguard Group, Inc., will report beneficial ownership separately (on a disaggregated basis) from The Vanguard Group, Inc. in reliance on such release. These subsidiaries and/or business divisions pursue the same investment strategies as previously pursued by The Vanguard Group, Inc. prior to the realignment. Further in accordance with SEC Release No. 34-39538 (January 12, 1998), The Vanguard Group, Inc. no longer has, or is deemed to have, beneficial ownership over securities beneficially owned by such subsidiaries and/or business divisions.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Alexandria Real Estate Equities Inc
(b)	Address of issuer's principal executive offices: 385 East Colorado Blvd, Suite 299, Pasadena, CA, 91101
Item 2.
(a)	Name of person filing: The Vanguard Group
(b)	Address or principal business office or, if none, residence: 100 Vanguard Blvd.,, Malvern, PA, 19355
(c)	Citizenship: PA
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.:
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 0
(b)	Percent of class: 0 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The Vanguard Group, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein.No one other person's interest in the securities reported herein is more than 5%.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

The Vanguard Group

Signature:	Ashley Grim
Name/Title:	Head of Global Fund Administration
Date:	03/26/2026