Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend Of 60 Cents Per Common Share; Up 4 Cents, Or 7%, Over

 Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend Of 60
    Cents Per Common Share; Up 4 Cents, Or 7%, Over Fourth Quarter Of 2012

Quarterly Cash Dividend Per Common Share Up 22% Over Past 12 Months

PR Newswire

PASADENA, Calif., March 14, 2013

PASADENA, Calif., March 14, 2013 /PRNewswire/ -- Alexandria Real Estate
Equities, Inc. (NYSE: ARE) announced today that its Board of Directors
declared a quarterly cash dividend of 60 cents per common share for the first
quarter of 2013. This reflects a quarterly dividend increase of approximately
4 cents, or 7 percent, over the fourth quarter of 2012. The dividend is
payable on April 15, 2013, to shareholders of record on March 28, 2013. The
Company's funds from operations payout ratio (quarterly common stock dividend
divided by quarterly funds from operations) as of December 31, 2012, was 49
percent.

"We are pleased to announce a 7 percent increase in our quarterly cash
dividend declared to common shareholders from 56 cents to 60 cents per common
share for the first quarter of 2013. 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 12 months, we have increased our quarterly cash
dividend declared per common share by 11 cents, or approximately 22 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 first quarter of 2013 for its 7.00%
Series D Cumulative Convertible Preferred Stock. The dividend is payable on
April 15, 2013, to preferred shareholders of record on March 28, 2013.

The Company also announced that its Board of Directors declared a quarterly
cash dividend of 40.3125 cents per share for the first quarter of 2013 for its
6.45% Series E Cumulative Redeemable Preferred Stock. The dividend is payable
on April 15, 2013, to preferred shareholders of record on March 28, 2013.

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.

SOURCE Alexandria Real Estate Equities, Inc.

Contact: Joel S. Marcus, Chief Executive Officer, Alexandria Real Estate
Equities, Inc., +1-626-578-9693
 
Press spacebar to pause and continue. Press esc to stop.