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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.
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.
Alexandria Real Estate Equities (NYSE: ARE) announced a public offering of senior notes underwritten by Goldman Sachs, BofA Securities, Citigroup, and J.P. Morgan. The first tranche's proceeds will primarily fund the repurchase of 4.000% senior notes due 2024 and support eligible green projects with LEED certification. The second tranche will address general corporate needs, including debt repayment and property acquisition. The offering is aligned with the company’s strategic focus on collaborative life science and technology campuses across key U.S. markets.
On February 3, 2021, Alexandria Real Estate Equities announced a cash tender offer for its outstanding 4.000% Senior Notes due 2024, totaling $650 million. The tender offer will expire on February 9, 2021, at 5:00 p.m. New York City time. Holders must tender their notes by the expiration to receive a Tender Offer Consideration, including accrued interest up to the settlement date, expected on February 10, 2021. The offer is contingent upon the company receiving sufficient proceeds from a new senior unsecured notes offering and other conditions outlined in the Offer Documents.
Alexandria Real Estate Equities (NYSE:ARE) reported robust financial results for Q4 and the full year 2020. Total revenues surged 13.6% to $463.7 million in Q4, while full-year revenues increased 23.1% to $1.89 billion. Net income attributable to common stockholders reached $435.9 million in Q4, translating to $3.26 per share. The company boasts a strong balance sheet with $4.1 billion in liquidity and no debt maturities until 2024. Alexandria's focus on R&D facilities positions it at the forefront of the life sciences sector, with ongoing contributions to COVID-19 solutions. A dividend of $1.09 per share was declared for Q4 2020.
Alexandria Real Estate Equities (NYSE: ARE) announced the tax treatment for its 2020 distributions. Stockholders are advised to consult their tax advisors regarding their specific tax implications. Key figures include a total distribution of $4.18 per share, with $2.74 classified as taxable ordinary dividends. Additional breakdowns show components such as qualified dividends ($0.88) and return of capital ($0.55). Alexandria specializes in urban office real estate for life science and technology sectors, with significant operations in major U.S. innovation hubs.
Alexandria Real Estate Equities (ARE) announced the closing of a public offering of 6,900,000 shares at $164 each, including 900,000 shares from underwriters' option. The net proceeds from future settlements of forward sale agreements will fund acquisitions in the Greater Boston area and general corporate purposes. Notably, Alexandria will not receive initial proceeds from the share sales.
On January 5, 2021, Alexandria Real Estate Equities announced the pricing of its upsized public offering of 6,000,000 shares at $164.00 per share, with a 30-day option for underwriters to purchase an additional 900,000 shares. The offering, set to close around January 8, 2021, will not initially provide proceeds to the Company. Funds from future settlements are intended for real estate acquisitions in Greater Boston and general corporate purposes. The forward sale agreements will allow price setting while delaying share issuance until funding is required.
Alexandria Real Estate Equities (ARE) announced a public offering of 5,000,000 shares of common stock, with a 30-day option for underwriters to purchase an additional 750,000 shares. Joint book-running managers include J.P. Morgan, BofA Securities, and others. The transaction is linked to forward sale agreements, with physical settlement expected by July 5, 2022. Proceeds will fund acquisitions like 401 Park Drive and 201 Brookline Avenue, and may also reduce debt. The offering is registered under Form S-3.
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.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) will hold a conference call on February 2, 2021, at 3:00 p.m. ET, to discuss its operating and financial results for Q4 and the year ending December 31, 2020. The results will be released after market close on February 1, 2021. Participants can join the call by dialing (833) 366-1125 for U.S. callers or (412) 902-6738, while the live audio webcast is available on the company's website. A replay of the call will be accessible from February 2 through February 9, 2021.
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