Alexandria Real Estate Equities, Inc. Announces Tax Treatment of Year 2024 Distributions

Rhea-AI Summary

Alexandria Real Estate Equities (NYSE: ARE) has disclosed its tax treatment for 2024 distributions. The company distributed a total of $5.14 per share across four quarterly payments. The distributions comprised:

- 65.65% ($3.374410) as taxable ordinary dividends
- 32.75% ($1.683350) as capital gains
- 1.60% ($0.082240) as return of capital

The quarterly distributions were $1.27 per share for Q1 and Q2, increasing to $1.30 per share for Q3 and Q4. Of the capital gains portion, 13.95% ($0.717030) was categorized as Unrecaptured Section 1250 gains. The company noted that stockholders should consult their tax advisors regarding their specific tax treatment of these distributions.

Positive

• Consistent quarterly dividend payments throughout 2024
• Dividend increase from $1.27 to $1.30 per share in second half of 2024

Negative

• None.

News Market Reaction – ARE

+1.17%

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+1.17% News Effect

On the day this news was published, ARE gained 1.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PASADENA, Calif., Jan. 24, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced the tax treatment of its year 2024 distributions as described in the chart below. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of Alexandria Real Estate Equities, Inc. distributions.

Common Stock
CUSIP # 015271109
Ticker Symbol: ARE

						Dividends				Capital Gains				Section 897(4) Ordinary Dividends (Box 2e)		Section 897(4) Capital Gains on Real Estate (Box 2f)		Return of Capital(5) (Box 3)		Section 199A(1) Dividends (Box 5)
Record Date		Payment Date		Distribution Per Share		Taxable Ordinary (Box 1a)		Qualified(1) (Box 1b)		Total(2) (Box 2a)		Unrecaptured Section 1250(3) (Box 2b)
12/29/23		1/12/24		$  1.270000		$  0.833755		$          —		$  0.415925		$   0.177165		$  0.037719		$  0.253873		$  0.020320		$  0.833755
3/28/24		4/15/24		1.270000		0.833755		—		0.415925		0.177165		0.037719		0.253873		0.020320		0.833755
6/28/24		7/15/24		1.300000		0.853450		—		0.425750		0.181350		0.038610		0.259870		0.020800		0.853450
9/30/24		10/15/24		1.300000		0.853450		—		0.425750		0.181350		0.038610		0.259870		0.020800		0.853450
				$  5.140000		$  3.374410		$          —		$  1.683350		$   0.717030		$  0.152658		$  1.027486		$  0.082240		$  3.374410
				100 %		65.65 %		— %		32.75 %		13.95 %		2.97 %		19.99 %		1.60 %		65.65 %

(1)	Qualified and Section 199A dividends are a subset of, and included in, the taxable ordinary dividends amount.
(2)	For purposes of Section 1061 and Treasury Regulation §1.1061-6(c), the aggregate "One Year Amounts Disclosure" and "Three Year Amounts Disclosure" are $0.656170 (38.98% of Box 2a) per share and $0.586479 (34.84% of Box 2a) per share, respectively. Such additional information generally pertains to shares held through "applicable partnership interests" subject to Section 1061.
(3)	Unrecaptured Section 1250 gains are a subset of, and included in, the total capital gains amount.
(4)	These amounts reflect a distribution's composition of gains from the disposition of "United States real property interests" under Section 897.  Generally, such information is relevant only to non-U.S. stockholders that own more than 10% of the Company's stock, as determined for purposes of Section 897, and certain entities through which non-U.S. stockholders own the Company's stock.
(5)	Return of capital represents a return of stockholder investment.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500^® 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^™ 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.

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.

FAQ

What was ARE's total dividend distribution per share for 2024?

Alexandria Real Estate Equities (ARE) distributed a total of $5.14 per share during 2024.

How much of ARE's 2024 distributions were classified as ordinary dividends?

65.65% ($3.374410 per share) of ARE's 2024 distributions were classified as taxable ordinary dividends.

When did Alexandria Real Estate Equities increase its quarterly dividend in 2024?

ARE increased its quarterly dividend from $1.27 to $1.30 per share starting with the Q3 payment on July 15, 2024.

What percentage of ARE's 2024 distributions were return of capital?

1.60% ($0.082240 per share) of ARE's 2024 distributions were classified as return of capital.

What portion of ARE's 2024 distributions were capital gains?

32.75% ($1.683350 per share) of ARE's 2024 distributions were classified as capital gains.