Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.12 per Common Share for 3Q21, an Aggregate of $4.42 for the 12 Months Ending 3Q21, Up 24 Cents, or 6 Percent, Over the 12 Months Ended 3Q20

Rhea-AI Summary

Alexandria Real Estate Equities declared a quarterly cash dividend of $1.12 per common share for Q3 2021, payable on October 15, 2021. This brings the total dividend for the year to $4.42, representing a 6 percent increase from the previous year. The funds from operations payout ratio remains low at 60 percent, indicating strong cash management and growth potential. The company continues to invest in its Class A properties, ensuring sustainable growth.

Positive

• Quarterly cash dividend of $1.12 per common share reflects strong financial health.
• Total annual dividend payout increased to $4.42, a 6% rise from prior year.
• Low funds from operations payout ratio of 60% indicates sustainable growth.

Negative

• None.

PASADENA, Calif., Sept. 7, 2021 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.12 per common share for the third quarter of 2021. The dividend is payable on October 15, 2021, to shareholders of record on September 30, 2021. The common stock dividend for the 12 months ending September 30, 2021, of $4.42 per common share represents an increase of 24 cents, or 6 percent, over the 12 months ended September 30, 2020.

The dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common shareholders while it retains significant cash provided by operating activities for reinvestment into its highly leased pipeline of development and redevelopment of new Class A properties. The company's funds from operations payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 60 percent for the three months ended June 30, 2021. Additionally, growth in net cash provided by operating activities after dividends continues to generate opportunities to increase the company's quarterly cash dividend per common share while enabling it to maintain a low funds from operations payout ratio.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500^® urban office real estate investment trust, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key 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.

This press release contains "forward-looking statements" within the meaning of the federal securities laws. Actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.

CONTACT: Sara Kabakoff, Vice President – Communications, (626) 788-5578, skabakoff@are.com

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SOURCE Alexandria Real Estate Equities, Inc.

FAQ

What is the dividend amount declared by Alexandria Real Estate Equities for Q3 2021?

The dividend amount declared is $1.12 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on October 15, 2021.

What is the total dividend for the year ending September 30, 2021?

The total dividend for the year is $4.42 per common share.

How much has the annual dividend increased compared to last year?

The annual dividend has increased by 24 cents, or 6 percent.

What is the funds from operations payout ratio for Alexandria Real Estate Equities?

The funds from operations payout ratio is 60%.