Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend of $1.09 per Common Share for 4Q20, Representing an Aggregate of $4.24 per Common Share for 2020, Up 24 Cents, or 6 Percent, Over 2019
On December 7, 2020, Alexandria Real Estate Equities, Inc. (NYSE: ARE) declared a quarterly cash dividend of $1.09 per common share for Q4 2020, payable on January 15, 2021. The total dividend for 2020 is $4.24 per common share, a 6% increase from 2019. This reflects the company’s strong cash flow and low payout ratio of 61% for Q3 2020, allowing for ongoing reinvestment in Class A properties. The company’s commitment to shareholder returns is evident, as it balances dividends with significant cash for development projects.
- Quarterly cash dividend of $1.09 per common share for Q4 2020.
- Total 2020 dividend increased to $4.24 per share, a 6% rise over 2019.
- Low funds from operations payout ratio of 61% for Q3 2020.
- None.
PASADENA, Calif., Dec. 7, 2020 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of
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 61 percent for the three months ended September 30, 2020. 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, technology and agtech 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, San Francisco, 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, VP – Communications, Alexandria Real Estate Equities, Inc.,
(626) 788-5578, skabakoff@are.com
View original content:SOURCE Alexandria Real Estate Equities, Inc.
FAQ
What is the dividend amount declared by ARE for Q4 2020?
When is the dividend for Alexandria Real Estate Equities payable?
How much did the total dividend for 2020 increase compared to 2019?
What is the funds from operations payout ratio for ARE?
