ALEXANDRIA REAL ESTATE EQ IN

Ticker: ARE CUSIP: 015271109 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 42,741 Value ($000) $2,092 Avg Close $58.01 Range $43.46 - $84.13

Q3 2025

Shares 45,887 Value ($000) $3,824 Avg Close $77.73 Range $69.41 - $85.60

Q2 2025

Shares 45,532 Value ($000) $3,307 Avg Close $70.79 Range $64.18 - $89.10

Q1 2025

Shares 45,485 Value ($000) $4,208 Avg Close $92.02 Range $86.83 - $98.77

Q4 2024

Shares 45,727 Value ($000) $4,461 Avg Close $101.62 Range $89.38 - $114.08

Q3 2024

Shares 45,093 Value ($000) $5,355 Avg Close $109.24 Range $99.57 - $119.31

Q2 2024

Shares 43,254 Value ($000) $5,059 Avg Close $108.07 Range $102.15 - $117.68

Q1 2024

Shares 45,407 Value ($000) $5,853 Avg Close $110.60 Range $99.77 - $117.87

Q4 2023

Shares 45,178 Value ($000) $5,727 Avg Close $95.66 Range $80.61 - $120.34

Q3 2023

Shares 44,842 Value ($000) $4,489 Avg Close $101.97 Range $86.00 - $113.84

Q2 2023

Shares 44,856 Value ($000) $5,091 Avg Close $103.33 Range $94.41 - $110.01

Q1 2023

Shares 45,319 Value ($000) $5,692 Avg Close $126.26 Range $98.76 - $148.33

Q4 2022

Shares 43,876 Value ($000) $6,391 Avg Close $123.22 Range $107.97 - $134.35

Q3 2022

Shares 42,574 Value ($000) $5,968 Avg Close $129.68 Range $115.88 - $145.16

Q2 2022

Shares 42,407 Value ($000) $6,150 Avg Close $142.21 Range $108.92 - $173.31

Q1 2022

Shares 40,979 Value ($000) $8,247 Avg Close $162.61 Range $151.74 - $186.89

Q4 2021

Shares 39,410 Value ($000) $8,787 Avg Close $171.58 Range $157.04 - $187.41

Q3 2021

Shares 39,325 Value ($000) $7,514 Avg Close $164.07 Range $149.01 - $172.84

Q2 2021

Shares 36,704 Value ($000) $6,678 Avg Close $146.61 Range $134.24 - $158.87

Q1 2021

Shares 38,908 Value ($000) $6,393 Avg Close $135.65 Range $125.61 - $145.64

Q4 2020

Shares 36,164 Value ($000) $6,445 Avg Close $133.68 Range $121.36 - $145.38

Q3 2020

Shares 38,400 Value ($000) $6,144 Avg Close $134.16 Range $123.86 - $142.75

Q2 2020

Shares 28,581 Value ($000) $4,637 Avg Close $122.01 Range $101.69 - $138.46

Q1 2020

Shares 34,133 Value ($000) $4,678 Avg Close $124.09 Range $86.54 - $139.24

Q4 2019

Shares 51,019 Value ($000) $8,244 Avg Close $124.15 Range $118.62 - $128.72

Q3 2019

Shares 49,788 Value ($000) $7,669 Avg Close $115.61 Range $109.58 - $122.01

Q2 2019

Shares 48,793 Value ($000) $6,884 Avg Close $112.15 Range $105.73 - $119.21

Q1 2019

Shares 32,009 Value ($000) $4,563 Avg Close $101.57 Range $85.35 - $111.26

Q4 2018

Shares 33,139 Value ($000) $3,819 Avg Close $93.31 Range $83.39 - $98.15

Q3 2018

Shares 39,911 Value ($000) $5,020 Avg Close $95.97 Range $92.29 - $98.98

Q2 2018

Shares 39,056 Value ($000) $4,928 Avg Close $94.15 Range $90.47 - $98.32

Q1 2018

Shares 48,953 Value ($000) $6,114 Avg Close $92.80 Range $85.24 - $97.95

Q4 2017

Shares 50,453 Value ($000) $6,589 Avg Close $93.55 Range $87.94 - $99.78

Q3 2017

Shares 57,151 Value ($000) $6,799 Avg Close $88.57 Range $85.66 - $91.33

Q2 2017

Shares 22,600 Value ($000) $2,723 Avg Close $85.21 Range $80.40 - $89.60

Q1 2017

Shares 22,000 Value ($000) $2,431 Avg Close $82.08 Range $77.65 - $87.87

Q4 2016

Shares 30,643 Value ($000) $3,405 Avg Close $77.41 Range $73.18 - $82.20

Q3 2016

Shares 33,028 Value ($000) $3,592 Avg Close $77.99 Range $71.96 - $82.08

Q2 2016

Shares 31,328 Value ($000) $3,243 Avg Close $67.81 Range $63.50 - $74.16

Q1 2016

Shares 38,128 Value ($000) $3,465 Avg Close $57.33 Range $49.75 - $64.79

Q4 2015

Shares 36,028 Value ($000) $3,255 Avg Close $63.09 Range $58.56 - $67.59

Q3 2015

Shares 33,216 Value ($000) $2,812 Avg Close $62.22 Range $57.35 - $65.86

Q4 2014

Shares 44,700 Value ($000) $3,966 Avg Close $56.46 Range $49.57 - $61.75

Q3 2014

Shares 46,200 Value ($000) $3,407 Avg Close $52.04 Range $48.84 - $53.90

Q2 2014

Shares 48,300 Value ($000) $3,750 Avg Close $49.70 Range $46.99 - $52.10

Q1 2014

Shares 47,400 Value ($000) $3,439 Avg Close $46.07 Range $41.26 - $48.74

Q4 2013

Shares 52,100 Value ($000) $3,314 Avg Close $41.68 Range $39.62 - $44.10

Q3 2013

Shares 55,500 Value ($000) $3,543 Avg Close $42.34 Range $39.07 - $45.76

Q2 2013

Shares 55,300 Value ($000) $3,634 Avg Close $44.92 Range $38.88 - $49.83

Q1 2013

Shares 51,100 Value ($000) $3,627 Avg Close $45.37 Range $43.95 - $46.31

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	42,741	$2,092	$58.01	$43.46 - $84.13
Q3 2025	45,887	$3,824	$77.73	$69.41 - $85.60
Q2 2025	45,532	$3,307	$70.79	$64.18 - $89.10
Q1 2025	45,485	$4,208	$92.02	$86.83 - $98.77
Q4 2024	45,727	$4,461	$101.62	$89.38 - $114.08
Q3 2024	45,093	$5,355	$109.24	$99.57 - $119.31
Q2 2024	43,254	$5,059	$108.07	$102.15 - $117.68
Q1 2024	45,407	$5,853	$110.60	$99.77 - $117.87
Q4 2023	45,178	$5,727	$95.66	$80.61 - $120.34
Q3 2023	44,842	$4,489	$101.97	$86.00 - $113.84
Q2 2023	44,856	$5,091	$103.33	$94.41 - $110.01
Q1 2023	45,319	$5,692	$126.26	$98.76 - $148.33
Q4 2022	43,876	$6,391	$123.22	$107.97 - $134.35
Q3 2022	42,574	$5,968	$129.68	$115.88 - $145.16
Q2 2022	42,407	$6,150	$142.21	$108.92 - $173.31
Q1 2022	40,979	$8,247	$162.61	$151.74 - $186.89
Q4 2021	39,410	$8,787	$171.58	$157.04 - $187.41
Q3 2021	39,325	$7,514	$164.07	$149.01 - $172.84
Q2 2021	36,704	$6,678	$146.61	$134.24 - $158.87
Q1 2021	38,908	$6,393	$135.65	$125.61 - $145.64
Q4 2020	36,164	$6,445	$133.68	$121.36 - $145.38
Q3 2020	38,400	$6,144	$134.16	$123.86 - $142.75
Q2 2020	28,581	$4,637	$122.01	$101.69 - $138.46
Q1 2020	34,133	$4,678	$124.09	$86.54 - $139.24
Q4 2019	51,019	$8,244	$124.15	$118.62 - $128.72
Q3 2019	49,788	$7,669	$115.61	$109.58 - $122.01
Q2 2019	48,793	$6,884	$112.15	$105.73 - $119.21
Q1 2019	32,009	$4,563	$101.57	$85.35 - $111.26
Q4 2018	33,139	$3,819	$93.31	$83.39 - $98.15
Q3 2018	39,911	$5,020	$95.97	$92.29 - $98.98
Q2 2018	39,056	$4,928	$94.15	$90.47 - $98.32
Q1 2018	48,953	$6,114	$92.80	$85.24 - $97.95
Q4 2017	50,453	$6,589	$93.55	$87.94 - $99.78
Q3 2017	57,151	$6,799	$88.57	$85.66 - $91.33
Q2 2017	22,600	$2,723	$85.21	$80.40 - $89.60
Q1 2017	22,000	$2,431	$82.08	$77.65 - $87.87
Q4 2016	30,643	$3,405	$77.41	$73.18 - $82.20
Q3 2016	33,028	$3,592	$77.99	$71.96 - $82.08
Q2 2016	31,328	$3,243	$67.81	$63.50 - $74.16
Q1 2016	38,128	$3,465	$57.33	$49.75 - $64.79
Q4 2015	36,028	$3,255	$63.09	$58.56 - $67.59
Q3 2015	33,216	$2,812	$62.22	$57.35 - $65.86
Q4 2014	44,700	$3,966	$56.46	$49.57 - $61.75
Q3 2014	46,200	$3,407	$52.04	$48.84 - $53.90
Q2 2014	48,300	$3,750	$49.70	$46.99 - $52.10
Q1 2014	47,400	$3,439	$46.07	$41.26 - $48.74
Q4 2013	52,100	$3,314	$41.68	$39.62 - $44.10
Q3 2013	55,500	$3,543	$42.34	$39.07 - $45.76
Q2 2013	55,300	$3,634	$44.92	$38.88 - $49.83
Q1 2013	51,100	$3,627	$45.37	$43.95 - $46.31