Alexandria Real Estate Equities, Inc. Reports Third Quarter 20...( Highlights...)

Highlights ----------

Third Quarter 2007: - Third Quarter 2007 Funds from Operations (FFO) Per Share (Diluted) of $1.45, up 10%, Compared to Third Quarter 2006 FFO Per Share (Diluted) of

$1.32

- Third Quarter 2007 Total Revenues up 23%, FFO Available to Common

Stockholders up 21%

- Third Quarter 2007 Earnings Per Share (Diluted) of $0.68, up 21%,

Compared to Third Quarter 2006 Earnings Per Share (Diluted) of $0.56

- Executed 41 Leases for 445,000 Rentable Square Feet - Third Quarter 2007 GAAP Rental Rate Increase of 7.4% on Renewed/Released

Space - Third Quarter 2007 GAAP Same Property Revenues Less Operating Expenses up

4.1%

- Closed $200 Million Secured Loan

- Sold Five Real Estate Assets for Approximately $41 Million - Acquired Twelve Properties Aggregating 836,684 Rentable Square Feet

- Executed MaRS Centre Ground Lease in Toronto, Canada for Planned

Development of One Property Aggregating 770,000 Rentable Square Feet

- Completed Ground-Up Development of One Property in Mission Bay

Aggregating 157,340 Rentable Square Feet

- Commenced Ground-Up Development of One Property in Mission Bay

Aggregating 158,000 Rentable Square Feet

- Commenced First Ground-Up Development of Two Properties in China

Aggregating 280,000 Rentable Square Feet

- Completed Redevelopment of Multiple Spaces at Three Properties

Aggregating 47,722 Rentable Square Feet - Closed Follow-on Common Stock Offering with Net Proceeds of Approximately

$217 Million

PASADENA, Calif., Nov. 5 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: