Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.32 per Common Share for 4Q24, an Increase of 2 Cents Over 3Q24, and an Aggregate of $5.19 per Common Share for 2024, an Increase of 23 Cents, or 5 Percent, Over 2023
Rhea-AI Summary
Alexandria Real Estate Equities (NYSE: ARE) has declared a quarterly cash dividend of $1.32 per common share for Q4 2024, representing a $0.02 increase from Q3 2024. The dividend will be paid on January 15, 2025, to stockholders of record on December 31, 2024.
The total dividend for 2024 amounts to $5.19 per common share, marking a 5% increase ($0.23) over 2023. The company maintains a favorable dividend payout ratio of 55% and expects to generate $2.1 billion in net cash for reinvestment from operating activities after dividends for the five-year period ending December 31, 2024.
Positive
- Quarterly dividend increased by $0.02 to $1.32 per share
- Annual dividend increased by 5% to $5.19 per share for 2024
- Low dividend payout ratio of 55% indicates sustainable distributions
- Strong cash generation with $2.1B expected for reinvestment over five years
Negative
- None.
News Market Reaction – ARE
In the trading session that priced this news, ARE declined 2.11%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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-year period ending December 31, 2024, the company expects to generate for reinvestment an aggregate
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, 2020 through 2023 and the midpoint of the company's 2024 guidance range as provided on October 21, 2024. |
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. As the pioneer of the life science real estate niche with our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including
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.