Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend

Mar 21, 2011, 16:05 ET from Alexandria Real Estate Equities, Inc.

PASADENA, Calif., March 21, 2011 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that its Board of Directors declared a quarterly cash dividend of 45 cents per common share for the first quarter of 2011.  The dividend is payable on April 15, 2011 to shareholders of record on March 31, 2011.  

The Company announced that its Board of Directors declared a quarterly cash dividend of 52.34375 cents per share for the first quarter of 2011 for its 8.375% Series C Cumulative Redeemable Preferred Stock. The dividend is payable on April 15, 2011 to preferred shareholders of record on March 31, 2011.

The Company also announced that its Board of Directors declared a quarterly cash dividend of 43.75 cents per share for the fourth quarter of 2010 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on April 15, 2011 to preferred shareholders of record on March 31, 2011.

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 Form 10-K Annual Report and other periodic reports filed with the Securities and Exchange Commission.

SOURCE Alexandria Real Estate Equities, Inc.