Alexandria Real Estate Equities, Inc. (ARE) to Issue Quarterly Dividend of $0.72 on January 15th

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Wednesday, December 3rd. Stockholders of record on Wednesday, December 31st will be given a dividend of 0.72 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Alexandria Real Estate Equities has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 15 years. Alexandria Real Estate Equities has a payout ratio of 229.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Alexandria Real Estate Equities to earn $9.62 per share next year, which means the company should continue to be able to cover its $5.28 annual dividend with an expected future payout ratio of 54.9%.

Alexandria Real Estate Equities Stock Down 3.9%

NYSE ARE opened at $46.55 on Friday. Alexandria Real Estate Equities has a 12 month low of $46.10 and a 12 month high of $107.19. The company has a market capitalization of $8.04 billion, a P/E ratio of -18.85, a PEG ratio of 4.17 and a beta of 1.32. The company’s 50 day simple moving average is $64.36 and its 200 day simple moving average is $72.70. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.24 and a quick ratio of 0.24.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 27th. The real estate investment trust reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.09). The business had revenue of $751.94 million for the quarter, compared to the consensus estimate of $752.90 million. Alexandria Real Estate Equities had a negative return on equity of 1.89% and a negative net margin of 13.43%.The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.37 earnings per share. Alexandria Real Estate Equities has set its FY 2025 guidance at 8.980-9.040 EPS. Equities research analysts expect that Alexandria Real Estate Equities will post 9.32 earnings per share for the current fiscal year.

About Alexandria Real Estate Equities

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 since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.