Is Alexandria real estate equities a good investment?

Alexandria Real Estate Equities is a Real Estate Investment Trust (REIT) with strong cash flow and an investment-grade balance sheet capitalizing on the long-term growth potential of the life science industry.

Is Alexandria a pure-play REIT?

Pasadena, California-based Alexandria is the only publicly traded, pure-play office/laboratory REIT. The company, led by founder and Executive Chairman Joel Marcus, focuses exclusively on highly specialized lab space used for research and development in the booming life science industry.

Who are Alexandria REIT's biggest tenants?

The REIT's biggest tenants include Bristol Myers Squibb ( BMY 1.30%), Moderna ( MRNA -0.64%), and Eli Lilly ( LLY 1.03%). Alexandria's exposure is generally well diversified, with no one tenant accounting for more than 3.5% of annual revenue.

Are REITs a good investment?

Great company, attractive valuation, lousy sector. The rapid rise in interest rates has been a major headache for real estate investment trusts (REITs). Rising interest rates increase financing costs, and REITs have to compete with bonds, which are increasing attractive given their yields.