Alexandria Real Estate Equities Inc. has amended the compensatory arrangement for Joel S. Marcus, its Executive Chairman. Effective January 9, 2026, Mr. Marcus's annual long-term incentive compensation award will be entirely performance-based. The 2025 grant will vest only if specific corporate performance criteria are met, aligning his compensation with the company's results. The previous structure included both time-based and performance-based vesting components. The amendment will be detailed in the company’s upcoming annual report for the fiscal year ending December 31, 2025.

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