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

Thu Mar 14, 2013 8:30am EDT

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


Joel S. Marcus, Chief Executive Officer, Alexandria Real Estate Equities, Inc.,
+1-626-578-9693

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