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Peter M. Moglia

Chief Executive Officer and Chief Investment Officer at ALEXANDRIA REAL ESTATE EQUITIES
Since July 2022
Age
57 years
Education
Holds a Bachelor of Arts degree in Economics from the University of California, Los Angeles (UCLA).
Tenure
Joined ARE in April 1998 and has advanced through roles including Chief Investment Officer (January 2009–April 2018), Co-Chief Executive Officer (April 2018–July 2022), and Co-Chief Investment Officer (May 2018–September 2023), ultimately being promoted to Chief Executive Officer in July 2022 and Chief Investment Officer in September 2023.

Also at ALEXANDRIA REAL ESTATE EQUITIES

JSM
Joel S. Marcus
Executive Chairman and Founder
ARG
Andres R. Gavinet
Chief Accounting Officer
DJR
Daniel J. Ryan
Co-President and Regional Market Director \u2013 San Diego

About

Peter M. Moglia has developed a long and distinguished career at ARE, having joined the company in April 1998. He began his journey contributing to underwriting, acquisitions, and due diligence, which laid the groundwork for his progression into management and leadership roles.

Over the years, his responsibilities expanded as he managed regional operations and took on increasingly pivotal roles. His tenure includes serving as Chief Investment Officer from January 2009 to April 2018, then transitioning into dual leadership roles as Co-Chief Executive Officer and Co-Chief Investment Officer from April 2018 through July 2022 and May 2018 through September 2023, respectively.

In recognition of his contributions and leadership capabilities, he was promoted to his current positions—Chief Executive Officer in July 2022 and Chief Investment Officer in September 2023. His career reflects a steady progression marked by strategic vision and operational excellence, which has greatly influenced the company's growth and success.

$ARE Performance Under Peter M. Moglia

Past Roles

OrganizationRoleDate RangeDetails
Alexandria Real Estate Equities, Inc. Co-Chief Investment Officer May 2018 to September 2023 Role ended upon transition to current positions
Alexandria Real Estate Equities, Inc. Co-Chief Executive Officer April 2018 through July 2022 Role evolved with subsequent promotions
Alexandria Real Estate Equities, Inc. Chief Investment Officer January 2009 through April 2018 Key role prior to further executive responsibilities
Alexandria Real Estate Equities, Inc. Management of Seattle Region Asset Base and Operations April 2003 through December 2008 Responsible for regional asset management
Alexandria Real Estate Equities, Inc. Underwriting, Acquisitions, and Due Diligence Activities 1998 to 2003 Early role that set foundation for career at ARE
Lennar Partners, Inc. Underwriting and structuring direct and joint venture real estate investments N/A Former role prior to joining ARE
Kenneth Leventhal & Co. Real Estate Group Analyst in Management Advisory Services group N/A Provided valuation, feasibility, financial modeling and analytical services

External Roles

OrganizationRoleDate RangeDetails
Nareit Advisory Board of Governors N/A Current board role
BioscienceLA Board Member N/A Current board role
Chaminade College Preparatory Board Member N/A Current board role

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$780,000 Annual7.6% increase from 2022 base salary
Profit-Sharing Plan$43,500 AnnualFixed contribution under the company’s plan

Performance Compensation

Data from  FY 2023

Annual Cash Incentive Award

MetricValueDetails
Corporate Performance Component60% 80% allocated to corporate performance measures (50% for balance sheet management and 50% for profitability/NAV goals) and 20% for environmental and sustainability goals
Individual Performance Component40% Based on achievement of individual performance measures established by the Compensation Committee
Threshold$585,000 75% of base salary
Target$1,170,000 150% of base salary
Maximum$1,755,000 225% of base salary

Long-Term Incentive Award (LTI)

MetricValueDetails
Performance MetricGrowth in FFO per share – diluted, as adjusted Measured over the three-year period from 2023 through 2025
Target Shares15,349 shares Number of performance-based restricted stock shares granted
Maximum Shares24,006 shares Maximum shares vesting cap (originally 156.4% of target; amended to 150% cap in the Executive Employment Agreement )
Grant DateJanuary 9, 2023 Date on which the LTI awards were granted
Grant Date Fair Value$5,769,050 Based on the grant date stock price
Grant Date Stock Price$146.59 Stock price used to determine share quantities
Vesting Schedule50% performance-based vesting over 3 years, 50% time/service-based vesting (amended to 4 years for service-based shares) Performance-based portion forfeited if minimum FFO per share growth is not achieved. A one-year holding period for all vested shares was also added as per the amendment
Additional Amendment DetailsTarget LTI value increased to $5,500,000 Amendment to Executive Employment Agreement included increased target award value and adjustments to vesting terms