Alexandria Real Estate Equities (ARE) Proxy Filing summary

Executive summary

• The annual meeting will be held on May 13, 2025, with votes on director elections, an amended incentive plan, executive compensation, auditor ratification, and a shareholder proposal.

• The board recommends voting for all management proposals and against the shareholder proposal for a simple majority vote.

• The company emphasizes its mission-driven approach, strong financial performance, and leadership in life science real estate.

Voting matters and shareholder proposals

• Proposals include electing eight directors, amending the 1997 Stock Award and Incentive Plan, a non-binding say-on-pay vote, ratifying Ernst & Young LLP as auditor, and a shareholder proposal on simple majority voting.

• The board recommends voting for all management proposals and against the shareholder proposal.

• The board opposes the simple majority vote proposal, citing recent bylaw amendments and lack of supermajority requirements except as required by Maryland law.

Board of directors and corporate governance

• Seven of eight director nominees are independent; the board has a lead independent director and robust succession planning.

• Annual elections, majority voting in uncontested elections, and proxy access are in place.

• The board conducts annual self-evaluations and maintains a comprehensive refreshment process.

• Stockholders can amend bylaws by majority vote.