RTTNews | Jan 5, 2022 09:54AM EST

09:54 Wednesday, January 5, 2022 (RTTNews.com) - Shares of Alexandria Real Estate Equities, Inc. (ARE) are slipping over 5% on Wednesday morning. The real estate investment trust announced that it has priced its upsized public offering of 7 million common shares at $210.00 per share.

ARE is currently trading at $209.71, down $11.11 or 5.03%, on the NYSE, on a volume of 1.2 million shares, above average volume of 612 thousand shares. The stock has traded between $154.37 and $224.95 in the 52-week period.

Alexandria Real Estate Equities is an S&P 500 urban office real estate investment trust. It is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations.

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