Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividends

Published on Thursday, 08 March 2012 09:15 Written by TradersHuddle Staff

PASADENA, Calif., March 8, 2012 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that its Board of Directors declared a quarterly cash dividend of 49 cents per common share for the first quarter of 2012.  The dividend is payable on April 13, 2012, to shareholders of record on March 30, 2012.

The Company announced that its Board of Directors declared a quarterly cash dividend of 52.34375 cents per share for the first quarter of 2012 for its 8.375% Series C Cumulative Redeemable Preferred Stock. The dividend is payable on April 13, 2012, to preferred shareholders of record on March 30, 2012.

The Company also announced that its Board of Directors declared a quarterly cash dividend of 43.75 cents per share for the first quarter of 2012 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on April 13, 2012, to preferred shareholders of record on March 30, 2012.

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.