Alexandria Real Estate Equities Inc (ARE) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2011

Earnings Press Release
10-K Annual Report
10-K YoY Changes
Alexandria Real Estate Equities Inc
Ticker: ARE CIK: 1035443

Exhibit 99.1

Contact:	Joel S. Marcus
	Chairman/Chief Executive Officer
	Alexandria Real Estate Equities, Inc.
	(626) 578-9693

Alexandria Real Estate Equities, Inc.

Reports

Fourth Quarter and Year Ended

December 31, 2011, Financial and

Operating Results

FFO Per Share Diluted of $1.10 for 4Q11 and $4.38 for 2011

EPS Diluted of $0.44 for 4Q11 and $1.73 for 2011

Highest Quarter and Year of Leasing Activity

PASADENA, CA. – February 7, 2012 – Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced financial and operating results for the fourth quarter and year ended December 31, 2011.

RESULTS

Funds from operations

FFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders for the three months ended December 31, 2011, was $67.8 million, or $1.10 per share (diluted), compared to FFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders before loss on early extinguishment of debt for the three months ended December 31, 2010, of $60.8 million, or $1.11 per share (diluted). FFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders before loss on early extinguishment of debt and non-cash impairment charge for the year ended December 31, 2011, was $266.0 million, or $4.50 per share (diluted), compared to FFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders before loss on early extinguishment of debt for the year ended December 31, 2010, of $224.5 million, or $4.40 per share (diluted).

	Three Months Ended					Year Ended
	December 31, 2011		December 31, 2010			December 31, 2011			December 31, 2010
	(dollars in thousands, except per share amounts)
FFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders – diluted	$	67,804	$	58,474		$	258,635		$	179,764
Loss on early extinguishment of debt	–		2,372			6,485			45,168
Non-cash impairment charge	–		–			994			–
Impact of unvested restricted stock awards	–		(20		)	(69		)	(394		)
FFO (diluted), as adjusted	$	67,804	$	60,826		$	266,045		$	224,538

FFO per share (diluted), as adjusted	$	1.10	$	1.11		$	4.50		$	4.40
FFO per share (diluted)	$	1.10	$	1.07		$	4.38		$	3.52

Common dividends declared	$	0.49	$	0.45		$	1.86		$	1.50
Dividend payout ratio	45%		41%			42%			34%

Adjusted funds from operations

AFFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders for the three months ended December 31, 2011, was $55.4 million, or $0.90 per share (diluted), compared to AFFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders for the three months ended December 31, 2010, of $56.3 million, or $1.03 per share (diluted). AFFO attributed to Alexandria Real Estate Equities, Inc.’s common stockholders for the year ended December 31, 2011, was $246.9 million, or $4.18 per share (diluted), compared to AFFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders for the year ended December 31, 2010, of $217.7 million, or $4.50 per share (diluted).

	Three Months Ended				Year Ended
	December 31, 2011		December 31, 2010		December 31, 2011		December 31, 2010
	(dollars in thousands, except per share amounts)
AFFO attributable to Alexandria Real Estate Equities, Inc.’s common stockholders	$	58,930	$	56,272	$	250,458	$	217,724
AFFO per share (diluted)	$	0.96	$	1.03	$	4.24	$	4.50

(more)

The following information was filed by Alexandria Real Estate Equities Inc (ARE) on Wednesday, February 8, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Alexandria Real Estate Equities Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ) — *Sample 10-K Year-over-Year (YoY) Comparison*

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were ~~removed~~ , added and changed by Alexandria Real Estate Equities Inc.

Continue

Please wait while we load the requested 10-K report or click the link below:

https://last10k.com/sec-filings/report/1035443/000110465912011131/a11-32209_110k.htm