Alexandria Real Estate (ARE) Steps Up Investment in Agrifoodtech
Alexandria Real Estate Equities (ARE) invests in innovative companies to benefit from the booming agrifoodtech sector.
To benefit from the booming agrifoodtech sector, Alexandria Real Estate Equities, Inc.’s ARE venture investment platform Alexandria Venture Investments invested in the agricultural and climate-innovative companies. The investment is in line with Alexandria Venture Investments’ target to double its investment activity in the ongoing year.
The strategic move found support in the strength of private capital, which flowed into the agrifoodtech sector with funds focusing on climate change.
The agricultural and climate innovation sectors areamong the essential sectors for improving nutrition, ending global hunger, combating climate change and advancing human health. Hence, this strategic effort will aid Alexandria in identifying top-tier investment opportunities. Moreover, it will provide ARE with the scope to assist in building the next-generation impactful agrifoodtech companies.
Per management, “Since 2000, Alexandria has been at the vanguard and heart of the agrifoodtech ecosystem, developing and operating sophisticated agtech infrastructure and investing in innovative companies advancing novel approaches with immense potential to address sustainability-, agriculture-, food- and nutrition-related challenges.”
Alexandria's agrifoodtech investment portfolio comprises promising companies like GreenLight Biosciences, Vindara, Bear Flag Robotics, Inari and Invaio Sciences.
Moreover, Alexandria focuses on Class A properties concentrated in urban campuses, primarily for the life science and technology entities. These locations are characterized by high barriers to entry and a limited supply of available space. This highly dynamic setting adds to the productivity and efficiency of the tenants, which in turn ensures steady rental revenues for ARE.
However, Alexandria has a huge development pipeline, causing exposure to the risk of rising construction costs and lease-up concerns.
Shares of this currently Zacks Rank #4 (Sell) Alexandria have rallied 15.1% over the past six months, outperforming the industry’s growth of 6.3%.
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Note: Anything related to earnings presented in this write-up represent funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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