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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) declared a quarterly dividend on Monday, June 1st. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.72 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Tuesday, June 30th.

Alexandria Real Estate Equities has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 15 years. Alexandria Real Estate Equities has a payout ratio of 125.2% meaning 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 $5.83 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 49.4%.

Alexandria Real Estate Equities Trading Down 1.9%

Shares of NYSE:ARE traded down $0.96 during trading hours on Monday, hitting $48.72. 1,434,591 shares of the company’s stock traded hands, compared to its average volume of 2,427,352. Alexandria Real Estate Equities has a 1 year low of $39.41 and a 1 year high of $88.24. The business has a fifty day moving average price of $46.16 and a 200-day moving average price of $49.95. The firm has a market capitalization of $8.49 billion, a P/E ratio of -7.77, a price-to-earnings-growth ratio of 6.02 and a beta of 1.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.20 and a quick ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.73. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.03%.The business had revenue of $671.02 million during the quarter, compared to analyst estimates of $684.78 million. During the same quarter in the previous year, the business earned $2.30 earnings per share. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. Equities analysts expect that Alexandria Real Estate Equities will post 6.4 earnings per share for the current year.

Alexandria Real Estate Equities Company Profile

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.