This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend Of 53 Cents Per Common Share; Up 4% Over Second Quarter Of 2012

Stocks in this article: ARE

















PASADENA, Calif., Sept. 10, 2012 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that its Board of Directors declared a quarterly cash dividend of 53 cents per common share for the third quarter of 2012.  This reflects a dividend increase of approximately 4 percent.  The dividend is payable on October 15, 2012, to shareholders of record on September 28, 2012.  The Company's funds from operations payout ratio (quarterly common stock dividend divided by quarterly funds from operations) as of June 30, 2012, was 49 percent.

"We are pleased to announce a 4 percent increase in our quarterly cash dividend declared to common shareholders of 53 cents per common share for the third quarter of 2012.  The dividend increase will allow the Company to share its increase in cash flows from operations with its common shareholders while also continuing to retain cash flows from operations for reinvestment.  Over the past 15 months, we have increased our cash dividend per common share by 8 cents, or approximately 18 percent," said Joel S. Marcus, Chief Executive Officer of Alexandria.

The Company announced that its Board of Directors declared a quarterly cash dividend of 43.75 cents per share for the third quarter of 2012 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on October 15, 2012, to preferred shareholders of record on September 28, 2012.

The Company also announced that its Board of Directors declared a quarterly cash dividend of 40.3125 cents per share for the third quarter of 2012 for its 6.45% Series E Cumulative Redeemable Preferred Stock. The dividend is payable on October 15, 2012, to preferred shareholders of record on September 28, 2012.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs