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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 September 6, 2022, Alexandria Real Estate Equities (NYSE: ARE) announced a quarterly cash dividend of $1.18 per common share for Q3 2022, payable on October 14, 2022. This marks a total dividend of $4.66 per common share for the 12 months ending September 30, 2022, a 5% increase from the prior year. The company reported a favorable FFO payout ratio of 56%, reflecting strong operating cash flows of $2.0 billion projected for reinvestment over the next decade.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced a conference call scheduled for October 25, 2022 at 3:00 p.m. ET to discuss its third quarter 2022 operating and financial results. The results will be released after the market closes on October 24, 2022. Investors can access the conference call at (833) 366-1125 (U.S.) or via audio webcast on the company's website. A replay will be available from 5:00 p.m. ET on October 25 through November 1, 2022.
On July 25, 2022, Alexandria Real Estate Equities (NYSE:ARE) reported robust financial results for Q2 2022. Total revenues surged by 26.3% year-over-year to $643.8 million, while funds from operations rose 20% to $338.8 million. However, net income attributable to common stockholders fell to $269.3 million from $380.6 million in Q2 2021. The company celebrated its 25th anniversary with significant stockholder returns of 1,902%. During the quarter, Alexandria maintained strong occupancy rates at 94.6% and announced $665 million in incremental annual rental revenue from ongoing projects.
On May 31, 2022, Alexandria Real Estate Equities (NYSE: ARE) declared a quarterly cash dividend of $1.18 per common share for Q2 2022, payable on July 15, 2022. Shareholders of record as of June 30, 2022, will receive this payment. This marks an annual total of $4.60 per share, reflecting a 6% increase from the previous year. The company maintains a favorable FFO payout ratio of 57%, indicating strong financial health and continued capacity for dividend growth.
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced a conference call and audio webcast on July 26, 2022, at 3:00 p.m. ET, to discuss its Q2 2022 operating and financial results. The results will be released after market close on July 25, 2022. Investors can join the call by dialing (833) 366-1125 (U.S.) or (412) 902-6738. A replay will be available from 5:00 p.m. ET on July 26, 2022, through 5:00 p.m. ET on August 2, 2022.
Alexandria Real Estate Equities (NYSE: ARE) emphasizes its commitment to education through a partnership with the Emily Krzyzewski Center in Durham, NC. This collaboration aims to provide underserved students with vital resources and programs for academic success and leadership development. Notably, nearly 100% of graduates from the center’s Scholars to College program have been accepted into college. Alexandria supports the center's recent expansion, which has enhanced educational opportunities for over 2,000 students annually.
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