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Alexandria Real Estate Equities Executive Compensation (FY25)

ARE · Pasadena, CA · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Peter Moglia
Median of the other named officers
$5,718,137
5 officers, excluding the chief executive
Latest say-on-pay support
=
May 13, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 14, 2026
11 filings cited on this page
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288 figures on this page: 281 cited to the filing that reported them, 7 calculated from figures it prints. See the citations
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Peter Moglia: $10,275,115 → $8,844,053 (13.9% lower)
Say-on-pay support: 72.9% → 84.4% (11.5 points higher)
CEO pay ratio: 92:1 → 43:1 (53.3% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Alexandria Real Estate Equities' chief executive and what were they paid?
Peter Moglia, Chief Executive Officer and Chief Investment Officer, received $8,844,053 in total compensation for fiscal 2025. Moglia's total moved 13.9% lower from the $10,275,115 reported for fiscal 2024.
What was Alexandria Real Estate Equities' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 84.4% of votes cast for or against in favor at the meeting held May 13, 2026.
Which companies are in Alexandria Real Estate Equities' peer group?
The disclosed peer group names BXP, Inc., Crown Castle Inc., Equity Residential, Extra Space Storage Inc. and Healthpeak Properties, Inc., among others.
What is Alexandria Real Estate Equities' chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 43:1, against median employee compensation of $207,588.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joel Marcus
Executive Chairman and Founder
◇◇◇—◇—◇◇
Peter Moglia
Chief Executive Officer and Chief Investment Officer
◇—◇—◇◇◇◇
Daniel Ryan
Co-President & Regional Market Director - San Diego & Co-Chief Investment Officer
◇◇◇——◇◇◇
Hunter Kass
Executive Vice President – Regional Market Director – Greater Boston
◇◇◇——◇◇◇
Dean Shigenaga
Former President and Chief Financial Officer Former President and Chief Financial Officer
Departed during or after this year
◇◇◇——◇◇◇
Stephen Richardson
Former Co-Chief Executive Officer
Departed during or after this year
◇—◇———◇◇
Vincent Ciruzzi
◇◇◇——◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Peter Moglia
Chief Executive Officer and Chief Investment Officer
◇◇◇—◇◇◇◇
Daniel Ryan
Co-President & Regional Market Director - San Diego & Co-Chief Investment Officer
◇◇◇——◇◇◇
Dean Shigenaga
Former President and Chief Financial Officer Former President and Chief Financial Officer
Departed during or after this year
◇◇◇——◇◇◇
Marc Binda
Chief Financial Officer and Treasurer
◇◇◇——◇◇◇
Vincent Ciruzzi
◇◇◇——◇◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joel Marcus
Executive Chairman and Founder
◇◇◇—◇◇◇◇
Peter Moglia
Chief Executive Officer and Chief Investment Officer
◇—◇—◇◇◇◇
Daniel Ryan
Co-President & Regional Market Director - San Diego & Co-Chief Investment Officer
◇◇◇——◇◇◇
Hunter Kass
Co-President and Regional Market Director – Greater Boston
◇◇◇——◇◇◇
Marc Binda
Chief Financial Officer and Treasurer
◇◇◇——◇◇◇
Lawrence Diamond
Co-Chief Operating Officer & Regional Market Director - Maryland
◇◇◇——◇◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Joel Marcus
Executive Chairman and Founder
◇◇◇—◇—◇◇
Peter Moglia
Chief Executive Officer and Chief Investment Officer
◇—◇—◇◇—◇
Hunter Kass
Co-President and Regional Market Director – Greater Boston
◇◇◇——◇—◇
Marc Binda
Chief Financial Officer and Treasurer
◇◇◇——◇—◇
John Hart Cole
Co-President & Co-Regional Market Director – Seattle
◇◇◇——◇—◇
Lawrence Diamond
Co-Chief Operating Officer and Regional Market Director – Maryland
◇◇◇——◇—◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Hunter L. KassRSU◇——◇——◇
Hunter L. KassPSU◇◇◇—◇—◇
Joel S. MarcusPSU◇◇◇—◇—◇
Joel S. MarcusPSU◇◇◇—◇—◇
Joel S. MarcusRSU◇——◇——◇
John Hart ColePSU◇◇◇—◇—◇
John Hart ColeRSU◇——◇——◇
John Hart ColeRSU◇——◇——◇
Lawrence J. DiamondRSU◇——◇——◇
Lawrence J. DiamondPSU◇◇◇—◇—◇
Marc E. BindaPSU◇◇◇—◇—◇
Marc E. BindaRSU◇——◇——◇
Peter M. MogliaPSU◇◇◇—◇—◇
Peter M. MogliaPSU◇◇◇—◇—◇
Peter M. MogliaRSU◇——◇——◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Lawrence DiamondPSU◇◇——
RSU◇◇——
John Hart ColeRSU◇◇——
PSU◇◇——
Marc BindaPSU◇◇——
RSU◇◇——
Peter MogliaRSU◇◇——
PSU◇◇——
Hunter KassRSU◇◇——
PSU◇◇——
Joel MarcusPSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Steven R. Hash
Lead independent director
◇◇————◇
James P. Cain
◇◇————◇
Michael A. Woronoff
◇◇————◇
Richard H. Klein
◇◇————◇
Maria C. Freire, PhD
◇◇————◇
Sheila K. McGrath
◇◇————◇
Cynthia L. Feldmann
◇◇————◇
Claire Aldridge, PhD
◇◇————◇
Joel S. Marcus served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • BXP, Inc. BXP
  • Crown Castle Inc. CCI
  • Equity Residential EQR
  • Extra Space Storage Inc. EXR
  • Healthpeak Properties, Inc. DOC
  • Host Hotels & Resorts, Inc. HST
  • Invitation Homes Inc. INVH
  • Iron Mountain Incorporated IRM
  • Kimco Realty Corporation KIM
  • UDR, Inc. UDR
  • Ventas, Inc. VTR
  • Vornado Realty Trust VNO
  • W. P. Carey Inc. WPC
  • Weyerhaeuser Company WY

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 13, 2026=◇◇◇
2024May 13, 2025=◇◇◇
2023May 14, 2024=◇◇◇
2022May 16, 2023=◇◇◇
2021May 17, 2022=◇◇◇
2020May 18, 2021=◇◇◇
2019June 8, 2020=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Peter Moglia (Chief Executive Officer and Chief Investment Officer), FY2025 total compensation $8,844,053 (base salary $840,000) [exec_comp, SEC accession 0001035443-26-000031, filed 2026-04-01]

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What this page does not include

Everything above is a fact Alexandria Real Estate Equities disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Alexandria Real Estate Equities sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
288 figures on this page: 281 cited to the filing that reported them, 7 calculated from figures it prints.
281 cited to the filing
7 calculated from the filing

Documents cited

  1. 0001035443-26-000054
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001035443-26-000031
    Chief Executive Officer Pay Ratio · Director Compensation Table · Grants of Plan-Based Awards Table · Outstanding Equity Awards at Fiscal Year End Table · and 1 more section
  3. 0001035443-25-000144
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001035443-25-000103
    Summary Compensation Table
  5. 0001035443-24-000167
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001035443-24-000133
    Summary Compensation Table
  7. 0001035443-23-000213
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001035443-23-000178
  9. 0001035443-22-000166
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001035443-21-000150
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001035443-20-000169
    Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Alexandria Real Estate Equities executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/ARE (accessed 2026).
Short form: data: Velarion

The Alexandria Real Estate Equities brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
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11 filings cited on this page
Method: intel.velarion.ai/methodology
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Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Alexandria Real Estate Equities discloses

The companies named in ARE's own disclosed peer group.

BXP, Inc.Crown Castle Inc.Equity ResidentialExtra Space Storage Inc.Healthpeak Properties, Inc.Host Hotels & Resorts, Inc.Invitation Homes Inc.Iron Mountain IncorporatedKimco Realty CorporationUDR, Inc.Ventas, Inc.Vornado Realty TrustW. P. Carey Inc.Weyerhaeuser Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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