PASADENA, Calif., March 1,
2022 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE:
ARE) today announced that its Board of Directors declared a
quarterly cash dividend of $1.15 per
common share for the first quarter of 2022. The dividend is payable
on April 15, 2022, to shareholders of record on March 31,
2022. The common stock dividend for the 12 months ending
March 31, 2022, of $4.54 per common share represents an increase of
24 cents, or 6 percent, over the 12
months ended March 31, 2021.
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
(FFO) payout ratio (quarterly common stock dividends divided by
quarterly funds from operations) remains favorably low at 60
percent for the three months ended December 31, 2021.
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 FFO 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, agtech and
technology 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, the San Francisco Bay
Area, 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, Vice President – Communications, (626) 788-5578,
skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.