Alexandria Real Estate Equities, Inc. Declares Quarterly Dividend of $0.72 (NYSE:ARE)

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Monday, August 31st. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.72 per share by the real estate investment trust on Thursday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Wednesday, September 30th.

Alexandria Real Estate Equities has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Alexandria Real Estate Equities has a payout ratio of 125.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Alexandria Real Estate Equities to earn $5.31 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 54.2%.

Alexandria Real Estate Equities Stock Performance

Shares of NYSE ARE opened at $51.49 on Wednesday. The stock has a market cap of $8.97 billion, a PE ratio of -8.50 and a beta of 1.15. Alexandria Real Estate Equities has a 1 year low of $39.41 and a 1 year high of $88.24. The firm has a fifty day moving average price of $50.75 and a 200-day moving average price of $49.45. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative net margin of 36.08% and a negative return on equity of 5.21%. The firm had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. During the same quarter last year, the firm posted $2.33 EPS. The firm’s quarterly revenue was down 13.0% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts anticipate that Alexandria Real Estate Equities will post 6.39 earnings per share for the current fiscal year.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.