Alexandria Real Estate Equities, Inc. Reports Third Quarter EPS of $.45

Alexandria Real Estate Equities, Inc. ARE today announced financial and operating results for the third quarter ended September 30, 2010.

Third Quarter 2010:

• Third Quarter 2010 Funds from Operations Per Share (Diluted) Attributable to Alexandria Real Estate Equities, Inc.'s Common Stockholders of $1.11, Excluding Loss on Early Extinguishment of Debt
• Third Quarter 2010 Earnings Per Share (Diluted) Attributable to Alexandria Real Estate Equities, Inc.'s Common Stockholders of $0.45
• Earnings Guidance for FFO per Share (Diluted) for the Year Ended December 31, 2010 of $4.40 Excluding Losses on Early Extinguishment of Debt and November 2010 Gain on Sales of Land Parcels and FFO per Share (Diluted) of $3.57 Including Losses on Early Extinguishment of Debt
• Executed 38 Leases for 640,000 Rentable Square Feet, Including 248,000 Rentable Square Feet of Redevelopment and Development Space
• Third Quarter 2010 GAAP Rental Rate Increase of 8.1% on Renewed/Released Space
• GAAP Same Property Revenues Less Operating Expenses up 0.1%
• Third Quarter 2010 Occupancy Remains Steady at 94%
• Operating Margins at 72%