Real estate investment trusts (REITs) come in a lot of shapes and sizes, and those shapes and sizes frequently morph in ways that can blur the lines between the neat categories in which they’re often grouped.

Retail REITs, for instance, often include multifamily properties in properties they own and manage, and some REITs — like Equity Commonwealth — are well into the process of changing emphasis entirely, in that case from office to industrial.

That’s not the case with the two office REITs highlighted here as promising buys for October. Boston Properties (NYSE: BXP) and Alexandria Real Estate Equities (NYSE: ARE) are sticking with what’s worked for years, although the former is pushing its way into the fast-growing life sciences office game, too.

Here’s some more on each.

Alexandria Real Estate Equities

Alexandria is credited with pioneering its niche in 1994 and now owns, operates, and develops collaborative life science, agtech, and technology campuses in what it calls the top urban innovation clusters of Boston, New York City, suburban Maryland, North Carolina’s Research Triangle, Seattle, San Diego, and in and around San Francisco.

As of June 30, the company’s portfolio included 58.1 million square feet comprising 36.7 million rentable square feet (RSF) of operating properties, 3.4 million RSF of Class A properties under construction, and another 18 million RSF of development and redevelopment projects in various stages of planning.

Alexandria stock was trading at $192.55 a share mid-afternoon on Sept. 29, some 8.2% off its 52-week high of $209.76 from Sept. 1 and up 39.1% from its 52-week low of $150.08 from last Oct. 30. That was good for a market cap of $29.3 billion and a yield of 2.34% based on an annual dividend yield of $4.48 per share.

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