Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.32 per Common Share for 1Q25, for an Aggregate $5.24 per Common Share for the 12 Months Ending March 31, 2025, an Increase of 22 Cents, or 4 Percent, Over the 12 Months Ended March 31, 2024

PR Newswire

PASADENA, Calif., March 3, 2025

PASADENA, Calif., March 3, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. $(ARE)$ today announced that its Board of Directors declared a quarterly cash dividend of $1.32 per common share for the first quarter of 2025. The dividend is payable on April 15, 2025 to stockholders of record on March 31, 2025. The common stock dividend for the 12 months ending March 31, 2025 of $5.24 per common share represents an increase of 22 cents, or 4 percent, over the 12 months ended March 31, 2024.

The dividend allows the company to share its continued high-quality, strong and increasing net cash provided by operating activities with its common stockholders while retaining a significant portion for reinvestment into its pipeline of new Class A/A+ development and redevelopment projects. For the five-years ending December 31, 2025, the company expects to generate for reinvestment an aggregate $2.3 billion of net cash provided by operating activities after dividends.(1) Additionally, its dividend payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains favorably low at 55 percent for the three months ended December 31, 2024. Growth in the company's net cash provided by operating activities continues to generate opportunities to increase the company's quarterly cash dividend per common share while maintaining a low FFO payout ratio.

 
1. Net cash provided by operating activities after dividends (i) excludes 
timing differences such as changes in operating assets and liabilities 
and (ii) includes deductions for distributions to the company's consolidated 
real estate joint venture partners. Amount represents the years ended December 
31, 2021 through 2024 and the midpoint of the company's 2025 guidance range as 
provided on January 27, 2025. 
 

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500$(R)$ company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus$(TM)$ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. For more information, please visit www.are.com.

This press release includes "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, Senior Vice President -- Chief Content Officer, (626) 788-5578, skabakoff@are.com

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SOURCE Alexandria Real Estate Equities, Inc.

(END) Dow Jones Newswires

March 03, 2025 07:15 ET (12:15 GMT)