Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.15 per Common Share for 4Q21, an Increase of 3 Cents Over 3Q21, and an Aggregate of $4.48 per Common Share for 2021, Up 24 Cents, or 6 Percent, Over 2020

Rhea-AI Summary

Alexandria Real Estate Equities (NYSE: ARE) declared a quarterly cash dividend of $1.15 per common share for Q4 2021, payable on January 14, 2022. This brings the total dividend for 2021 to $4.48 per share, a 6% increase from 2020. The dividend reflects the company's strong net cash from operating activities while maintaining a low 58% funds from operations payout ratio, allowing for reinvestment in development projects. Alexandria is dedicated to growth in life sciences and technology sectors.

Positive

• Quarterly cash dividend increased to $1.15, showing strong financial performance.
• Total dividend for 2021 is $4.48, a 6% increase from 2020.
• Low funds from operations payout ratio of 58%, indicating healthy cash flow.

Negative

• None.

PASADENA, Calif., Dec. 6, 2021 /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 fourth quarter of 2021. The dividend is payable on January 14, 2022, to shareholders of record on December 31, 2021. The common stock dividend for the year ending December 31, 2021, of $4.48 per common share represents an increase of 24 cents, or 6 percent, over the year ended December 31, 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 58 percent for the three months ended September 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 Q4 2021?

The dividend amount declared for Q4 2021 is $1.15 per common share.

When will the dividend for Q4 2021 be paid?

The dividend will be paid on January 14, 2022.

What was the total dividend for Alexandria Real Estate Equities in 2021?

The total dividend for 2021 was $4.48 per common share.

How much has the dividend increased compared to 2020?

The dividend increased by 24 cents, or 6%, compared to 2020.

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

The funds from operations payout ratio is 58% for the three months ended September 30, 2021.