HIGHBuilt-inTenant
53%
investment-grade or publicly traded large cap tenants
“10-K Item 1: 'Investment-grade or publicly traded large cap tenants represented 53% of our total annual rental revenue in effect as of December 31, 2025'”
ARE · Concentration risk · 10-K extracted
Alexandria Real Estate Equities (ARE) concentration risks
Updated
The most significant concentration Alexandria Real Estate Equities discloses is investment-grade or publicly traded large cap tenants at 53%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Alexandria Real Estate Equities’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inProperty_type
life science
“10-K Item 1A: 'We are dependent on the health of the life science industry, and changes within this industry...may adversely impact their ability to make rental payments to us'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's concentration profile is defined by two reinforcing structural exposures: a high-quality but sector-specific tenant base and a deliberate focus on a single property type. On the tenant side, investment-grade or publicly traded large cap tenants represented 53% of total annual rental revenue in effect as of December 31, 2025, a high share that reflects a deliberate strategy of leasing to creditworthy counterparties. The character is structural: the company has positioned its portfolio to attract institutional tenants, which reduces individual credit default risk but also means that macroeconomic or sector-level pressures affecting this tenant cohort would be broadly felt across the portfolio rather than isolated to a single name. The property-type concentration is the more consequential structural exposure: the company explicitly discloses that it is dependent on the health of the life science industry, and that changes within this industry may adversely affect tenants' ability to make rental payments. This is a high-share structural dependency on a single end-market — life sciences tenants are the demand driver for the portfolio, and conditions in that sector (including NIH funding levels, biotech capital availability, and clinical-stage funding cycles) directly determine occupancy and rent collection. Together, the two exposures are complementary: a portfolio of high-quality tenants concentrated in one cyclical sector. The tenant quality mitigates individual credit risk, but sector-level stress in life sciences would affect tenant health broadly. Monitoring life science industry funding conditions is the primary watch item.
For the engine’s reasoning on ARE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Office
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CDP | COPT Defense Properties | 2 | 2 | 1 | 5 |
| ARE● | Alexandria Real Estate Equities | 2 | 0 | 0 | 2 |
| BXP | BXP, Inc. | 2 | 0 | 0 | 2 |
| CUZ | Cousins Properties Incorporated | 1 | 3 | 1 | 5 |
| DEI | Douglas Emmett, Inc. | 1 | 0 | 1 | 2 |
| HIW | Highwoods Properties, Inc. | 1 | 0 | 1 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.