Cover
Cover | 12 Months Ended |
Dec. 31, 2022 | |
Document Information [Line Items] | |
Document Type | DEF 14A |
Amendment Flag | false |
Entity Information [Line Items] | |
Entity Registrant Name | ALEXANDRIA REAL ESTATE EQUITIES, INC. |
Entity Central Index Key | 0001035443 |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Pay vs Performance Disclosure [Table] | |||
Pay vs Performance [Table Text Block] | Year (1) Summary Compensation Table Total for PEOs Compensation Actually Paid to PEOs (2) Average Summary Compen-sation Table Total for Non-PEO NEOs (3) Average Compen-sation Actually Paid to Non-PEO NEOs (2) Value of Initial Fixed $100 Investment Based On: Net Income (6) FFO per share – diluted, as adjusted (7) PEO#1 PEO#2 PEO#3 PEO#1 PEO#2 PEO#3 ARE Total Stock-holder Return (4) Peer Group Total Stock-holder Return (5) 2022 $ 13,035,517 $ 9,289,388 $ 7,231,836 $ 5,240,793 $ 1,066,125 $ (874,179) $ 7,931,051 $ 3,771,122 $ 97.75 $ 62.07 $ 670,701,000 $ 8.42 2021 $ 12,701,393 $ 8,274,131 $ 8,320,228 $ 20,240,869 $ 15,720,892 $ 15,766,043 $ 7,301,308 $ 10,927,591 $ 145.09 $ 99.51 $ 654,282,000 $ 7.76 2020 $ 11,788,493 $ 8,040,857 $ 8,089,773 $ 16,477,994 $ 11,907,425 $ 11,957,114 $ 5,499,035 $ 7,052,360 $ 113.27 $ 81.56 $ 827,171,000 $ 7.30 | ||
Company Selected Measure Name | FFO per share – diluted, as adjusted (7) | ||
Named Executive Officers, Footnote [Text Block] | Joel S. Marcus is Principle Executive Officer (“PEO”) #1, Peter M. Moglia is PEO #2, and Stephen A. Richardson is PEO #3 for all years shown. For 2022, our Non-PEO NEOs included Dean A. Shigenaga, Daniel J. Ryan, Hunter L. Kass, and Vincent R. Ciruzzi. For 2021, our Non-PEO NEOs included Dean A. Shigenaga, Daniel J. Ryan, Hunter L. Kass, and John H. Cunningham. For 2020, our Non-PEO NEOs included Dean A. Shigenaga, Daniel J. Ryan, Vincent R. Ciruzzi, and John H. Cunningham. | ||
Peer Group Issuers, Footnote [Text Block] | As permitted by SEC rules, the peer group used for this purpose is the group of companies included in the FTSE Nareit Equity Office Index, which is the industry peer group used in our Annual Report on Form 10-K pursuant to Item 201(e) of Regulation S-K for the fiscal year ended December 31, 2022. The separate peer group used by the Compensation Committee for purposes of determining compensation paid to our NEOs is described under “2022 Peer Group” on page 60 | ||
Adjustment To PEO Compensation, Footnote [Text Block] | To calculate compensation actually paid to our PEOs, and the average compensation actually paid to the Non-PEO NEOs, the following adjustments were made to the amounts reported in the “Summary Compensation Table” on page 98 Stock Awards Unvested Stock Awards Vested During the Covered Year Dividend Paid on Unvested Stock During Covered Year Pension Plan Service Cost Less Change in Pension Value Compensation Actually Paid Name Year Total Compen-sation From Summary Compensation Table Less Stock Awards From Summary Compensation Table Year-End Fair Value of Awards Granted in Covered Year Year-Over-Year Change in Fair Value of Awards Granted in Prior Years Grants Made in Covered Year: Fair Value on Vesting Date Grants Made in Prior Years: Change in Fair Value on Vesting Date Versus Prior Year-End PEO#1 2022 $ 13,035,517 $ 6,781,445 $ 4,352,870 $ (5,371,524) $ 362,677 $ (925,090) $ 567,788 $ — $ 5,240,793 2021 $ 12,701,393 $ 5,073,393 $ 7,197,162 $ 4,506,694 $ 519,790 $ (197,212) $ 586,435 $ — $ 20,240,869 2020 $ 11,788,493 $ 4,983,975 $ 6,534,910 $ 2,528,492 $ 467,346 $ (536,624) $ 679,352 $ — $ 16,477,994 PEO#2 2022 $ 9,289,388 $ 6,670,533 $ 4,087,872 $ (4,484,417) $ 593,389 $ (2,253,189) $ 520,863 $ (17,248) $ 1,066,125 2021 $ 8,274,131 $ 5,874,602 $ 7,430,726 $ 4,157,615 $ 850,643 $ 305,983 $ 590,068 $ (13,672) $ 15,720,892 2020 $ 8,040,857 $ 5,786,344 $ 6,637,710 $ 1,786,240 $ 764,855 $ (76,546) $ 559,059 $ (18,406) $ 11,907,425 PEO#3 2022 $ 7,231,836 $ 6,670,533 $ 4,087,872 $ (4,484,417) $ 593,389 $ (2,253,189) $ 520,863 $ 100,000 $ (874,179) 2021 $ 8,320,228 $ 5,874,602 $ 7,430,726 $ 4,157,615 $ 850,643 $ 305,983 $ 590,068 $ (14,618) $ 15,766,043 2020 $ 8,089,773 $ 5,786,344 $ 6,637,710 $ 1,786,240 $ 764,855 $ (76,044) $ 560,604 $ (19,680) $ 11,957,114 Non-PEO NEOs 2022 $ 7,931,051 $ 5,239,154 $ 4,964,674 $ (2,892,156) $ — $ (1,289,093) $ 307,498 $ (11,698) $ 3,771,122 2021 $ 7,301,308 $ 4,350,071 $ 4,895,140 $ 1,973,457 $ 125,007 $ 700,148 $ 290,151 $ (7,549) $ 10,927,591 2020 $ 5,499,035 $ 3,694,189 $ 4,013,678 $ 849,739 $ — $ 107,654 $ 290,359 $ (13,916) $ 7,052,360 | ||
Non-PEO NEO Average Total Compensation Amount | $ 7,931,051 | $ 7,301,308 | $ 5,499,035 |
Non-PEO NEO Average Compensation Actually Paid Amount | $ 3,771,122 | 10,927,591 | 7,052,360 |
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | To calculate compensation actually paid to our PEOs, and the average compensation actually paid to the Non-PEO NEOs, the following adjustments were made to the amounts reported in the “Summary Compensation Table” on page 98 Stock Awards Unvested Stock Awards Vested During the Covered Year Dividend Paid on Unvested Stock During Covered Year Pension Plan Service Cost Less Change in Pension Value Compensation Actually Paid Name Year Total Compen-sation From Summary Compensation Table Less Stock Awards From Summary Compensation Table Year-End Fair Value of Awards Granted in Covered Year Year-Over-Year Change in Fair Value of Awards Granted in Prior Years Grants Made in Covered Year: Fair Value on Vesting Date Grants Made in Prior Years: Change in Fair Value on Vesting Date Versus Prior Year-End PEO#1 2022 $ 13,035,517 $ 6,781,445 $ 4,352,870 $ (5,371,524) $ 362,677 $ (925,090) $ 567,788 $ — $ 5,240,793 2021 $ 12,701,393 $ 5,073,393 $ 7,197,162 $ 4,506,694 $ 519,790 $ (197,212) $ 586,435 $ — $ 20,240,869 2020 $ 11,788,493 $ 4,983,975 $ 6,534,910 $ 2,528,492 $ 467,346 $ (536,624) $ 679,352 $ — $ 16,477,994 PEO#2 2022 $ 9,289,388 $ 6,670,533 $ 4,087,872 $ (4,484,417) $ 593,389 $ (2,253,189) $ 520,863 $ (17,248) $ 1,066,125 2021 $ 8,274,131 $ 5,874,602 $ 7,430,726 $ 4,157,615 $ 850,643 $ 305,983 $ 590,068 $ (13,672) $ 15,720,892 2020 $ 8,040,857 $ 5,786,344 $ 6,637,710 $ 1,786,240 $ 764,855 $ (76,546) $ 559,059 $ (18,406) $ 11,907,425 PEO#3 2022 $ 7,231,836 $ 6,670,533 $ 4,087,872 $ (4,484,417) $ 593,389 $ (2,253,189) $ 520,863 $ 100,000 $ (874,179) 2021 $ 8,320,228 $ 5,874,602 $ 7,430,726 $ 4,157,615 $ 850,643 $ 305,983 $ 590,068 $ (14,618) $ 15,766,043 2020 $ 8,089,773 $ 5,786,344 $ 6,637,710 $ 1,786,240 $ 764,855 $ (76,044) $ 560,604 $ (19,680) $ 11,957,114 Non-PEO NEOs 2022 $ 7,931,051 $ 5,239,154 $ 4,964,674 $ (2,892,156) $ — $ (1,289,093) $ 307,498 $ (11,698) $ 3,771,122 2021 $ 7,301,308 $ 4,350,071 $ 4,895,140 $ 1,973,457 $ 125,007 $ 700,148 $ 290,151 $ (7,549) $ 10,927,591 2020 $ 5,499,035 $ 3,694,189 $ 4,013,678 $ 849,739 $ — $ 107,654 $ 290,359 $ (13,916) $ 7,052,360 | ||
Compensation Actually Paid vs. Total Shareholder Return [Text Block] | |||
Compensation Actually Paid vs. Net Income [Text Block] | |||
Compensation Actually Paid vs. Company Selected Measure [Text Block] | |||
Total Shareholder Return Vs Peer Group [Text Block] | |||
Tabular List [Table Text Block] | Funds from operations per share – diluted, as adjusted • Total stockholder return • Relative TSR compared to FTSE Nareit Office Index constituents • Adjusted EBITDA margin • Net debt to Adjusted EBITDA • Liqui dity | ||
Total Shareholder Return Amount | $ 97.75 | 145.09 | 113.27 |
Net Income (Loss) | $ 670,701,000 | $ 654,282,000 | $ 827,171,000 |
Company Selected Measure Amount | 8.42 | 7.76 | 7.30 |
Additional 402(v) Disclosure [Text Block] | The amounts reported under this “Average Summary Compensation Total for Non-PEO NEOs” column represent the average of the amounts reported for the Company’s Non-PEO NEOs as a group in the “Total” column of the “Summary Compensation Table” on page 98 Net income attributable to Alexandria as reported in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. | ||
ecd_PeerGroupTotalShareholderRtnAmt | $ 62.07 | $ 99.51 | $ 81.56 |
Measure [Axis]: 1 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Funds from operations per share – diluted, as adjusted | ||
Non-GAAP Measure Description [Text Block] | As required by Item 402(v) of Regulation S-K, we have determined that funds from operations per share – diluted, as adjusted is the Company-Selected Measure (as defined in Item 402(v)). For information on the Company’s funds from operations, including definitions and a reconciliation from the most directly comparable GAAP measure, see “Non-GAAP Measures and Definitions” under Item 7 of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022. | ||
Measure [Axis]: 2 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Total stockholder return | ||
Measure [Axis]: 3 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Relative TSR compared to FTSE Nareit Office Index constituents | ||
Measure [Axis]: 4 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Adjusted EBITDA margin | ||
Measure [Axis]: 5 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Net debt to Adjusted EBITDA | ||
Measure [Axis]: 6 | |||
Pay vs Performance Disclosure [Table] | |||
Measure Name | Liquidity | ||
Joel S. Marcus [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 13,035,517 | 12,701,393 | 11,788,493 |
PEO Actually Paid Compensation Amount | $ 5,240,793 | 20,240,869 | 16,477,994 |
PEO Name | (1)Joel S. Marcus | ||
Peter M. Moglia [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 9,289,388 | 8,274,131 | 8,040,857 |
PEO Actually Paid Compensation Amount | $ 1,066,125 | 15,720,892 | 11,907,425 |
PEO Name | Peter M. Moglia | ||
Stephen A. Richardson [Member] | |||
Pay vs Performance Disclosure [Table] | |||
PEO Total Compensation Amount | $ 7,231,836 | 8,320,228 | 8,089,773 |
PEO Actually Paid Compensation Amount | $ (874,179) | 15,766,043 | 11,957,114 |
PEO Name | Stephen A. Richardson | ||
PEO [Member] | Joel S. Marcus [Member] | Stock Awards From Summary Compensation Table [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ 6,781,445 | 5,073,393 | 4,983,975 |
PEO [Member] | Joel S. Marcus [Member] | Stock Awards Unvested at Year End, Year-End Fair Value of Awards Granted in Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,352,870 | 7,197,162 | 6,534,910 |
PEO [Member] | Joel S. Marcus [Member] | Stock Awards Unvested at Year End, Year-Over-Year Change in Fair Value of Awards Granted in Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (5,371,524) | 4,506,694 | 2,528,492 |
PEO [Member] | Joel S. Marcus [Member] | Stock Awards Vested During the Covered Year, Grants Made in Covered Year: Fair Value on Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 362,677 | 519,790 | 467,346 |
PEO [Member] | Joel S. Marcus [Member] | Stock Awards Vested During the Covered Year, Grants Made in Prior Years: Change in Fair Value on Vesting Date Versus Prior Year-End [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (925,090) | (197,212) | (536,624) |
PEO [Member] | Joel S. Marcus [Member] | Dividend Paid on Unvested Stock During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 567,788 | 586,435 | 679,352 |
PEO [Member] | Joel S. Marcus [Member] | Pension Plan Service Cost Less Change in Pension Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 0 | 0 |
PEO [Member] | Peter M. Moglia [Member] | Stock Awards From Summary Compensation Table [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 6,670,533 | 5,874,602 | 5,786,344 |
PEO [Member] | Peter M. Moglia [Member] | Stock Awards Unvested at Year End, Year-End Fair Value of Awards Granted in Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,087,872 | 7,430,726 | 6,637,710 |
PEO [Member] | Peter M. Moglia [Member] | Stock Awards Unvested at Year End, Year-Over-Year Change in Fair Value of Awards Granted in Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (4,484,417) | 4,157,615 | 1,786,240 |
PEO [Member] | Peter M. Moglia [Member] | Stock Awards Vested During the Covered Year, Grants Made in Covered Year: Fair Value on Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 593,389 | 850,643 | 764,855 |
PEO [Member] | Peter M. Moglia [Member] | Stock Awards Vested During the Covered Year, Grants Made in Prior Years: Change in Fair Value on Vesting Date Versus Prior Year-End [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,253,189) | 305,983 | (76,546) |
PEO [Member] | Peter M. Moglia [Member] | Dividend Paid on Unvested Stock During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 520,863 | 590,068 | 559,059 |
PEO [Member] | Peter M. Moglia [Member] | Pension Plan Service Cost Less Change in Pension Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (17,248) | (13,672) | (18,406) |
PEO [Member] | Stephen A. Richardson [Member] | Stock Awards From Summary Compensation Table [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 6,670,533 | 5,874,602 | 5,786,344 |
PEO [Member] | Stephen A. Richardson [Member] | Stock Awards Unvested at Year End, Year-End Fair Value of Awards Granted in Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,087,872 | 7,430,726 | 6,637,710 |
PEO [Member] | Stephen A. Richardson [Member] | Stock Awards Unvested at Year End, Year-Over-Year Change in Fair Value of Awards Granted in Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (4,484,417) | 4,157,615 | 1,786,240 |
PEO [Member] | Stephen A. Richardson [Member] | Stock Awards Vested During the Covered Year, Grants Made in Covered Year: Fair Value on Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 593,389 | 850,643 | 764,855 |
PEO [Member] | Stephen A. Richardson [Member] | Stock Awards Vested During the Covered Year, Grants Made in Prior Years: Change in Fair Value on Vesting Date Versus Prior Year-End [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,253,189) | 305,983 | (76,044) |
PEO [Member] | Stephen A. Richardson [Member] | Dividend Paid on Unvested Stock During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 520,863 | 590,068 | 560,604 |
PEO [Member] | Stephen A. Richardson [Member] | Pension Plan Service Cost Less Change in Pension Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 100,000 | (14,618) | (19,680) |
Non-PEO NEO [Member] | Stock Awards From Summary Compensation Table [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 5,239,154 | 4,350,071 | 3,694,189 |
Non-PEO NEO [Member] | Stock Awards Unvested at Year End, Year-End Fair Value of Awards Granted in Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 4,964,674 | 4,895,140 | 4,013,678 |
Non-PEO NEO [Member] | Stock Awards Unvested at Year End, Year-Over-Year Change in Fair Value of Awards Granted in Prior Years [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (2,892,156) | 1,973,457 | 849,739 |
Non-PEO NEO [Member] | Stock Awards Vested During the Covered Year, Grants Made in Covered Year: Fair Value on Vesting Date [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 0 | 125,007 | 0 |
Non-PEO NEO [Member] | Stock Awards Vested During the Covered Year, Grants Made in Prior Years: Change in Fair Value on Vesting Date Versus Prior Year-End [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | (1,289,093) | 700,148 | 107,654 |
Non-PEO NEO [Member] | Dividend Paid on Unvested Stock During Covered Year [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | 307,498 | 290,151 | 290,359 |
Non-PEO NEO [Member] | Pension Plan Service Cost Less Change in Pension Value [Member] | |||
Pay vs Performance Disclosure [Table] | |||
Adjustment to Compensation Amount | $ (11,698) | $ (7,549) | $ (13,916) |