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

Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced a quarterly dividend on Tuesday, September 1st. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.72 per share by the real estate investment trust on Thursday, October 15th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Wednesday, September 30th.

Alexandria Real Estate Equities has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 15 consecutive 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. Research 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 ARE stock traded up $0.20 during trading hours on Tuesday, hitting $51.49. The company’s stock had a trading volume of 1,671,332 shares, compared to its average volume of 2,255,217. 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 12-month low of $39.41 and a 12-month high of $88.24. The company has a 50 day moving average of $50.76 and a 200 day moving average of $49.47. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.52). The business had revenue of $662.78 million for the quarter, compared to analysts’ expectations of $464.86 million. Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The company’s revenue for the quarter was down 13.0% on a year-over-year basis. During the same period last year, the business earned $2.33 EPS. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. On average, sell-side analysts forecast that Alexandria Real Estate Equities will post 6.39 EPS 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.