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Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.30 per Common Share for 3Q24, for an Aggregate of $5.14 per Common Share for the 12 Months Ending September 30, 2024, an Increase of 24 Cents, or 5 Percent, Over the 12 Months Ended September 30, 2023

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Alexandria Real Estate Equities (NYSE: ARE) has declared a quarterly cash dividend of $1.30 per common share for 3Q24, payable on October 15, 2024, to stockholders of record on September 30, 2024. This brings the total dividend for the 12 months ending September 30, 2024, to $5.14 per common share, representing a 5% increase from the previous year. The company maintains a low dividend payout ratio of 55% for Q2 2024, allowing significant reinvestment into its development projects. ARE expects to generate $2.1 billion in net cash for reinvestment over the five-year period ending December 31, 2024. This strategy aims to balance shareholder returns with continued growth opportunities.

Alexandria Real Estate Equities (NYSE: ARE) ha dichiarato un dividendo in contante trimestrale di $1,30 per azione comune per il terzo trimestre del 2024, che sarà pagato il 15 ottobre 2024 agli azionisti registrati il 30 settembre 2024. Questo porta il dividendo totale per i 12 mesi che terminano il 30 settembre 2024 a $5,14 per azione comune, rappresentando un aumento del 5% rispetto all'anno precedente. L'azienda mantiene un basso rapporto di distribuzione dei dividendi del 55% per il secondo trimestre del 2024, consentendo un significativo reinvestimento nei suoi progetti di sviluppo. ARE prevede di generare $2,1 miliardi in contante netto per reinvestimenti nel periodo di cinque anni che termina il 31 dicembre 2024. Questa strategia mira a bilanciare i rendimenti per gli azionisti con le opportunità di crescita continua.

Alexandria Real Estate Equities (NYSE: ARE) ha declarado un dividendo en efectivo trimestral de $1.30 por acción ordinaria para el tercer trimestre de 2024, que se pagará el 15 de octubre de 2024 a los accionistas registrados el 30 de septiembre de 2024. Esto eleva el dividendo total para los 12 meses que terminan el 30 de septiembre de 2024 a $5.14 por acción ordinaria, lo que representa un aumento del 5% en comparación con el año anterior. La empresa mantiene un bajo ratio de pago de dividendos del 55% para el segundo trimestre de 2024, permitiendo un importante reinvestimiento en sus proyectos de desarrollo. ARE espera generar $2.1 mil millones en efectivo neto para reinversión durante el período de cinco años que finaliza el 31 de diciembre de 2024. Esta estrategia tiene como objetivo equilibrar los rendimientos de los accionistas con oportunidades de crecimiento continuo.

알렉산드리아 부동산 주식회사(NYSE: ARE)는 2024년 3분기에 주당 $1.30의 분기 현금 배당금을 발표했으며, 이는 2024년 9월 30일 기준 주주에게 2024년 10월 15일 지급될 예정입니다. 이는 2024년 9월 30일 종료되는 12개월 간의 총 배당금을 주당 $5.14로 만듭니다, 지난해 대비 5% 증가한 수치입니다. 회사는 2024년 2분기 기준 55%의 낮은 배당금 지급 비율을 유지하고 있어, 개발 프로젝트에 대한 상당한 재투자를 허용하고 있습니다. ARE는 2024년 12월 31일 종료되는 5년 동안 재투자를 위한 순 현금 $21억을 생성할 것으로 예상하고 있습니다. 이 전략은 주주 수익과 지속적인 성장 기회를 균형 있게 맞추는 것을 목표로 하고 있습니다.

Alexandria Real Estate Equities (NYSE: ARE) a déclaré un dividende en espèces trimestriel de 1,30 $ par action ordinaire pour le 3e trimestre 2024, payable le 15 octobre 2024 aux actionnaires inscrits le 30 septembre 2024. Cela porte le dividende total pour les 12 mois se terminant le 30 septembre 2024 à 5,14 $ par action ordinaire, ce qui représente une augmentation de 5% par rapport à l'année précédente. L'entreprise maintient un faible ratio de distribution de dividendes de 55% pour le 2e trimestre 2024, ce qui permet un réinvestissement significatif dans ses projets de développement. ARE prévoit de générer 2,1 milliards de dollars de liquidités nettes pour réinvestissement sur la période de cinq ans se terminant le 31 décembre 2024. Cette stratégie vise à équilibrer les rendements des actionnaires avec des opportunités de croissance continues.

Alexandria Real Estate Equities (NYSE: ARE) hat eine Quartalsdividende in Höhe von $1,30 pro Stammaktie für das 3. Quartal 2024 erklärt, die am 15. Oktober 2024 an die Aktionäre ausgezahlt wird, die am 30. September 2024 im Aktienregister stehen. Dies bringt die Gesamtdividende für die 12 Monate bis zum 30. September 2024 auf $5,14 pro Stammaktie, was einem 5%-igen Anstieg im Vergleich zum Vorjahr entspricht. Das Unternehmen hat eine niedrige Ausschüttungsquote von 55% für das 2. Quartal 2024 beibehalten, was eine erhebliche Reinvestition in seine Entwicklungsprojekte ermöglicht. ARE plant, über den Zeitraum von fünf Jahren bis zum 31. Dezember 2024 $2,1 Milliarden netto an Cash für Reinvestitionen zu generieren. Diese Strategie zielt darauf ab, die Aktionärsrenditen mit fortlaufenden Wachstumschancen in Einklang zu bringen.

Positive
  • Declared quarterly dividend of $1.30 per share, totaling $5.14 for the year
  • 5% increase in annual dividend compared to previous year
  • Low dividend payout ratio of 55%, indicating financial stability
  • Expected $2.1 billion in net cash for reinvestment over five years
Negative
  • None.

PASADENA, Calif., Sept. 4, 2024 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $1.30 per common share for the third quarter of 2024. The dividend is payable on October 15, 2024 to stockholders of record on September 30, 2024. The common stock dividend for the 12 months ending September 30, 2024 of $5.14 per common share represents an increase of 24 cents, or 5 percent, over the 12 months ended September 30, 2023.

The dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common stockholders while retaining a significant portion for reinvestment into its highly leased pipeline of new Class A/A+ development and redevelopment projects. For the five-year period ending December 31, 2024, the company expects to generate for reinvestment an aggregate $2.1 billion of net cash provided by operating activities after dividends.1 Additionally, its dividend payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 55 percent for the three months ended June 30, 2024. Growth in the company's net cash provided by operating activities continues to generate opportunities to increase the company's quarterly cash dividend per common share while maintaining a low FFO payout ratio.

1. Net cash provided by operating activities after dividends (i) excludes timing differences such as changes in operating assets and liabilities and (ii) includes deductions for distributions to the company's consolidated real estate joint venture partners. Amount represents the years ended December 31, 2020 through 2023 and the midpoint of our 2024 guidance range as provided on July 22, 2024.

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 with our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative life science mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. For more information, please visit www.are.com.

This press release includes "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: Marc E. Binda, Chief Financial Officer & Treasurer, (626) 578-0777,
mbinda@are.com

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SOURCE Alexandria Real Estate Equities, Inc.

FAQ

What is Alexandria Real Estate Equities' (ARE) dividend for Q3 2024?

Alexandria Real Estate Equities (ARE) declared a quarterly cash dividend of $1.30 per common share for the third quarter of 2024.

When will ARE pay its Q3 2024 dividend?

The Q3 2024 dividend will be paid on October 15, 2024, to stockholders of record on September 30, 2024.

How much has ARE's annual dividend increased compared to last year?

ARE's annual dividend for the 12 months ending September 30, 2024, increased by 24 cents or 5% compared to the previous year, totaling $5.14 per common share.

What is Alexandria Real Estate Equities' (ARE) current dividend payout ratio?

ARE's dividend payout ratio is 55% for the three months ended June 30, 2024, which the company considers favorably low.

Alexandria Real Estate Equities, Inc.

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