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Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. Reports First Quarter 2008 Operating and Financial Results

For the first quarter of 2008, we reported total revenues of $109,959,000 and FFO available to common stockholders of $46,976,000, or $1.48 per share (diluted), before non-cash impairment charges, compared to total revenues of $94,786,000 and FFO available to common stockholders of $40,345,000, or $1.38 per share (diluted), before a preferred stock redemption charge, for the first quarter of 2007. Comparing the first quarter of 2008 to the first quarter of 2007, total revenues increased 16%, FFO available to common stockholders and FFO...

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