Item 2.06 Material Impairments
On August 31, 2022, Alexandria Real Estate Equities, Inc. (the "Company") filed
a Current Report on Form 8-K (the "Original 8-K") related to impairments of
certain assets of the Company in connection with the Company's decision to no
longer proceed with a future development project aggregating over 600,000 RSF in
one of the Company's existing submarkets in California (the "Project"). At the
time of filing the Original 8-K, the Company recognized an impairment charge of
approximately $30 million, which represented the Company's estimate of the
impairment charge, including expected future cash expenditures related to the
Project.
On September 22, 2022, the Company executed an agreement to settle disputes with
the land owner that arose during September 2022. As consideration for the
settlement, the Company agreed to make a payment of $10 million to the land
owner, resulting in an updated total estimated impairment charge relating to the
Project of $38 million.
Forward-Looking Statements
This current report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act, and Section 21E of the Exchange
Act. These statements may include words such as "forecast," "projects,"
"estimates," "anticipates," "goals," "believes," "expects," "intends," "may,"
"plans," "seeks," "should," or "will," or the negative of these words or similar
words. Forward-looking statements involve certain risks and uncertainties, and
actual results may differ materially from those discussed in each such
statement. A number of important factors could cause actual results to differ
materially from those included within or contemplated by the forward-looking
statements, including, but not limited to, the factors described in the
Company's filings with the Securities and Exchange Commission, including the
Company's most recent annual report on Form 10-K and any subsequent quarterly
reports on Form 10-Q. The Company does not undertake any responsibility to
update any of these factors or to announce publicly any revisions to any of the
forward-looking statements contained in this or any other document, whether as a
result of new information, future events, or otherwise.
© Edgar Online, source Glimpses
ALEXANDRIA REAL ESTATE EQUITIES, INC. 
