Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.15 per Common Share for 1Q22, for an Aggregate of $4.54 per Common Share for the 12 Months Ending March 31, 2022, Up 24 Cents, or 6 Percent, Over the 12 Months Ended March 31, 2021

Rhea-AI Summary

Alexandria Real Estate Equities (NYSE: ARE) announced a quarterly cash dividend of $1.15 per common share for Q1 2022, payable on April 15, 2022, to shareholders of record by March 31, 2022. This reflects a 6% increase over the previous year's total of $4.54 per common share. The company's funds from operations (FFO) payout ratio remains low at 60%, allowing for continued expansion and reinvestment in high-quality properties while rewarding shareholders. Alexandria focuses on life science and technology campuses in key innovation clusters.

Positive

• Quarterly dividend of $1.15 per common share announced.
• 6% increase in total dividend per common share over the last year.
• Low FFO payout ratio at 60%, indicating financial health.
• Continued growth in net cash provided by operating activities allowing for future dividend increases.

Negative

• None.

PASADENA, Calif., March 1, 2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.15 per common share for the first quarter of 2022. The dividend is payable on April 15, 2022, to shareholders of record on March 31, 2022. The common stock dividend for the 12 months ending March 31, 2022, of $4.54 per common share represents an increase of 24 cents, or 6 percent, over the 12 months ended March 31, 2021.

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 (FFO) payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 60 percent for the three months ended December 31, 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 FFO 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 Q1 2022?

The dividend amount declared is $1.15 per common share.

When is the dividend payable for Alexandria Real Estate Equities?

The dividend is payable on April 15, 2022.

What was the total common stock dividend for the 12 months ending March 31, 2022?

The total common stock dividend for that period was $4.54 per common share.

What is Alexandria Real Estate Equities' FFO payout ratio?

The FFO payout ratio is 60% for the three months ended December 31, 2021.

How does the recent dividend increase impact shareholders?

The recent increase of $0.24 or 6% enhances shareholder income and reflects the company's robust financial performance.