亚历山大房地产美股招股说明书(2026-02-10版)

Alexandria Real Estate Equities, Inc. $% Senior Notes due 20 Fully and Unconditionally Guaranteed by Alexandria Real Estate Equities, L.P. We are offering $of% Senior Notes due 20(the “notes”). The notes will bear interest at the rate of% per year. Interest on the notes is payable onandof eachyear, beginning on, 2026. The notes will mature on, 20. The notes will be fully and unconditionally guaranteed by our subsidiary,Alexandria Real Estate Equities, L.P., a Delaware limited partnership. We may redeem some or all of the notes at any timeprior to maturity and as described under the caption “Description of Notes and Guarantee — Our Redemption Rights.” If thenotes are redeemed on or after, 20, the redemption price will not include a make-whole provision. We will issuethe notes only in registered form in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof. As described under “Use of Proceeds,” we intend to use the proceeds of the offering of the notes to repay a portion of theborrowings under our commercial paper program incurred in connection with the repurchase or redemption of up to theAggregate Maximum Tender Amount (as defined herein) of certain series of our outstanding unsecured senior notes pursuantto the Tender Offer (as defined herein), by redemption or otherwise. Pending such use, we may invest the net proceeds inhigh-quality short-term securities and/or use such proceeds temporarily for general working capital and other generalcorporate purposes. The notes will be our senior unsecured obligations and will rank equally in right of payment with all of our otherunsecured senior indebtedness from time to time outstanding and will be effectively subordinated in right of payment to all ofour existing and future secured indebtedness and to all existing and future liabilities and preferred equity, whether secured orunsecured, of our subsidiaries other than Alexandria Real Estate Equities, L.P. The notes offered hereby are a new issue of securities. No market currently exists for the notes. We do not intend to listthe notes on any national securities exchange. Investing in our notes involves risks. See “Risk Factors” on pageS-7. Public offering price(1) Plus accrued interest, if any, from the original date of issue. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of thesesecurities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representationto the contrary is a criminal offense. The underwriters expect to deliver the notes in book-entry form only through the facilities of The Depository TrustCompany for the accounts of its participants, including Clearstream Banking,société anonyme, and Euroclear Bank S.A./N.V.,as operator of the Euroclear System, against payment on or about February, 2026. The date of this prospectus supplement is February, 2026. TABLE OF CONTENTS Prospectus Supplement PageForward-Looking StatementsS-iiSummaryS-1Risk FactorsS-7Use of ProceedsS-10Description of Notes and GuaranteeS-11Federal Income Tax ConsiderationsS-23UnderwritingS-28Legal MattersS-33ExpertsS-33 Prospectus PageAbout this Prospectus1Risk Factors2Where You Can Find More Information2The Company3Securities That May Be Offered4Use of Proceeds4Description of Stock4Description of Rights9Description of Warrants9Description of Debt Securities and Related Guarantees10Description of Global Securities15Provisions of Maryland Law and of Our Charter and Bylaws17Federal Income Tax Considerations20Plan of Distribution33Legal Matters34Experts34Forward-Looking Statements34 FORWARD-LOOKING STATEMENTS This prospectus supplement and the accompanying prospectus contain or incorporate by referenceforward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended(the “Securities Act”), and Section21E of the Securities Exchange Act of 1934, as amended (the “ExchangeAct”). You can identify the forward-looking statements by their use of forward-looking words, such as“believes,” “expects,” “may,” “will,” “should,” “seeks,” “intends,” “plans,” “estimates,” “projects,”“forecast,” “guidance,” “anticipates,” or “goals” or the negative of those words or similar words. Forward-looking statements involve inherent risks and uncertainties regarding events, conditions, and financialtrends that may affect our future plans of operation, business strategy, results of operations, and financialposition. A number of important factors could cause actual results to differ materially from those includedwithin or contemplated by the forward-looking statements, including, but not limited to the following: ••••••••••••••••••••••••Worldwide financial and economic recession, lack of confidence, and/or high structuralunemployment;Financial and economic trouble in emerging-market economies;Regional and local economic crises which could adversely impact global markets;Ne