Sign in

    Peter M. Moglia

    Chief Executive Officer and Chief Investment Officer at Alexandria Real Estate Equities Inc
    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 Inc

    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