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Alexandria Real Estate Equities, Inc. (NYSE: ARE) is the largest office REIT specializing in collaborative science and technology campuses situated in urban innovation clusters. Established in 1994, Alexandria has pioneered this niche market, growing a formidable presence in top-tier locations like Greater Boston, San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle Park. The company is renowned for its top-quality, diverse tenant base, which includes life science, agtech, and technology firms.
With a track record of developing Class A properties, Alexandria offers dynamic, collaborative environments that bolster tenant recruitment and retention, creativity, and productivity. Its urban campuses provide tenants with state-of-the-art facilities, including robust lab spaces and strategic amenities designed to enhance innovation and efficiency.
Recent achievements include a public offering of senior notes, with proceeds intended for general corporate purposes and strategic acquisitions, and notable investments from tenants like AstraZeneca for advanced cell therapy manufacturing. Additionally, Alexandria's partnerships extend to major biopharmaceutical companies like Takeda, underscoring its crucial role in supporting groundbreaking research and development.
Financially strong, Alexandria continues to generate substantial net cash from operations, allowing for regular dividend payouts and significant reinvestment into new projects. The company's ability to attract strategic capital through its venture platform underscores its influence in nurturing transformative life sciences and technology ventures.
Alexandria's significance in the REIT sector is further exemplified by its market capitalization of $33.1 billion and an asset base of 73.5 million SF across North America. The company's commitment to sustainability, innovation, and tenant success underscores its status as a leading, mission-driven life science REIT making a lasting positive impact on the world. For more details, visit www.are.com.
On June 1, 2021, Alexandria Real Estate Equities (NYSE: ARE) declared a quarterly cash dividend of $1.12 per share for Q2 2021, payable on July 15, 2021. This marks a total of $4.36 in dividends for the 12 months ending June 30, 2021, a 6 percent increase from the prior year. The company's funds from operations payout ratio stands at a low 60 percent, indicating strong cash flow management while funding development projects. The dividend reflects the company's commitment to returning value to shareholders while maintaining robust operational reinvestment.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced a conference call scheduled for July 27, 2021, at 3:00 p.m. ET to discuss its second-quarter operating and financial results. The results will be released after market close on July 26, 2021. Participants can join the call by dialing (833) 366-1125 (U.S.) or accessing the live audio webcast on their website. A replay will be available until August 3, 2021.
Alexandria Real Estate Equities (ARE) reported strong financial performance for Q1 2021, with total revenues reaching $479.8 million, a 9.1% increase from Q1 2020. However, net income attributable to common stockholders fell to $6.1 million from $16.8 million year-over-year. Funds from operations rose to $263.0 million, up from $221.4 million. The company maintains a robust balance sheet with $4.3 billion in liquidity and no debt maturities until 2024. The strong leasing activity continued with 1.68 million RSF leased in Q1 2021 and significant growth in net operating income.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) declared a quarterly cash dividend of $1.09 per share for Q1 2021, payable on April 15, 2021. The annual dividend for the year ending March 31, 2021, totals $4.30 per share, a 6% increase from the previous year. The company emphasizes a favorable funds from operations payout ratio of 60% for the last quarter of 2020, indicating strong cash flow and the potential for future dividend increases while maintaining significant reinvestment in its development pipeline.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced a conference call and audio webcast on April 27, 2021, at 3:00 p.m. ET to discuss its financial results for Q1 2021. The company will release its earnings on April 26, 2021, after market close. Participants can join the call by dialing (833) 366-1125 or accessing the live webcast via the company’s website. A replay will be available from 5:00 p.m. ET April 27 to 5:00 p.m. ET May 4, 2021.
Alexandria Real Estate Equities (NYSE: ARE) announced its plan to redeem all outstanding 4.000% Senior Notes due 2024, with $64,603,000 principal amount remaining. The redemption date is set for March 12, 2021. The price will be at par plus a make-whole premium and accrued interest. Alexandria focuses on life science, technology, and agtech campuses in major innovation clusters. The company highlights potential risks in its forward-looking statements concerning market conditions and other factors. Investors are encouraged to review Alexandria's SEC filings for more details.
On February 10, 2021, Alexandria Real Estate Equities announced the expiration of its tender offer for all outstanding 4.000% Senior Notes due 2024. As of the expiration, approximately $585.4 million, or 90.06%, of the $650 million total principal was tendered. The Tender Offer Consideration is set at $1,102.42 per $1,000 face value of the Notes, plus accrued interest. Financing for the tender offer will come from proceeds from previously issued 2.000% and 3.000% Senior Notes. The payment for the Notes will be made on the settlement date of February 10, 2021.
On February 9, 2021, Alexandria Real Estate Equities announced the pricing of its cash tender offer for outstanding 4.000% Senior Notes due 2024, totaling $650 million. The Offer, subject to certain conditions, allows holders to submit their Notes by 5:00 PM New York City time on the same day, with settlement expected on February 10, 2021. The tender offer consideration is set at $1,102.42 per $1,000 principal amount. Holders will receive accrued interest from the last payment date up to the settlement date. The Offer is not deemed a solicitation to buy or sell any Notes.
Alexandria Real Estate Equities has announced a public offering of $900M in 2.000% senior notes due 2032 and $850M in 3.000% senior notes due 2051. The notes are priced at 99.691% and 99.588% of their principal amounts, respectively, with yields to maturity of 2.031% and 3.021%. Proceeds from the offering will be used to redeem existing senior notes, reduce debt, and finance green projects. The offering is expected to close on February 18, 2021, subject to customary conditions.
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