Alexandria Real Estate Equities, Inc. Announces Tax Treatment of Year 2023 Distributions

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Alexandria Real Estate Equities, Inc. (ARE) announced the tax treatment of its 2023 distributions. The distributions include dividends, capital gains, and return of capital. The company provided specific financial data and dates for each distribution, along with relevant tax information for stockholders. The press release encourages stockholders to consult with their tax advisors for personalized advice.

PASADENA, Calif., Jan. 26, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced the tax treatment of its year 2023 distributions as described in the chart below. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of Alexandria Real Estate Equities, Inc. distributions.

Common Stock
CUSIP # 015271109
Ticker Symbol: ARE

														Section 897(4) Ordinary Dividends (Box 2e)		Section 897(4) Capital Gains on Real Estate (Box 2f)		Return of Capital(5) (Box 3)		Section 199A(1) Dividends (Box 5)
						Dividends				Capital Gains
Record Date		Payment Date		Distribution Per Share		Taxable Ordinary (Box 1a)		Qualified(1) (Box 1b)		Total(2) (Box 2a)		Unrecaptured Section 1250(3) (Box 2b)
12/30/22		1/13/23		$  1.210000		$  1.062017		$          —		$  0.147983		$      0.002541		$           —		$  0.028314		$        —		$  1.062017
3/31/23		4/14/23		1.210000		1.062017		—		0.147983		0.002541		—		0.028314		—		1.062017
6/30/23		7/14/23		1.240000		1.088348		—		0.151652		0.002604		—		0.029016		—		1.088348
9/29/23		10/13/23		1.240000		1.088348		—		0.151652		0.002604		—		0.029016		—		1.088348
				$  4.900000		$  4.300730		$          —		$  0.599270		$      0.010290		$           —		$  0.114660		$        —		$  4.300730
				100 %		87.77 %		— %		12.23 %		0.21 %		— %		2.34 %		— %		87.77 %

(1)	Qualified and Section 199A dividends are a subset of, and included in, the taxable ordinary dividends amount.
(2)	For purposes of Section 1061 and Treasury Regulation §1.1061-6(c), the aggregate "One Year Amounts Disclosure" and "Three Year Amounts Disclosure" are $0.599270 (100.00% of Box 2a) per share and $0.525799 (87.74% of Box 2a) per share, respectively. Such additional information generally pertains to shares held through "applicable partnership interests" subject to Section 1061.
(3)	Unrecaptured Section 1250 gains are a subset of, and included in, the total capital gains amount.
(4)	These amounts reflect a distribution's composition of gains from the disposition of "United States real property interests" under Section 897.  Generally, such information is relevant only to non-U.S. stockholders that own more than 10% of the Company's stock, as determined for purposes of Section 897, and certain entities through which non-U.S. stockholders own the Company's stock.
(5)	Return of capital represents a return of stockholder investment.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500^® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative life science, agtech and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle. For more information, please visit www.are.com.

Contact: Sara Kabakoff, Senior Vice President – Chief Content Officer, (626) 788-5578, skabakoff@are.com

 

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SOURCE Alexandria Real Estate Equities, Inc.

FAQ

What did Alexandria Real Estate Equities, Inc. (ARE) announce?

The company announced the tax treatment of its year 2023 distributions.

What types of distributions are included in the announcement?

The distributions include dividends, capital gains, and return of capital.

What is the ticker symbol for Alexandria Real Estate Equities, Inc.?

The ticker symbol is ARE.

What is the purpose of the press release?

The purpose is to inform stockholders about the tax treatment of the company's 2023 distributions and encourage them to consult with their tax advisors.

What dates were provided in the press release?

The press release includes record dates, payment dates, and distribution dates for each type of distribution in 2023.

What is the significance of Section 897(4) in the press release?

Section 897(4) reflects a distribution's composition of gains from the disposition of 'United States real property interests' under Section 897, relevant to non-U.S. stockholders and certain entities.

What is the percentage of return of capital in the distributions?

The return of capital represents 12.23% of the total distribution amount.

What should stockholders do after reading the press release?

Stockholders are encouraged to consult with their own tax advisors for personalized advice on the tax treatment of the company's distributions.