Preferred Stock Channel
Alexandria Real Estate Equities Inc | 7.00% Series D Cumulative Convertible Preferred Stock (ARE.PRD)

Prospectus excerpt:  We are offering 8,800,000 shares of our 7.00% series D cumulative convertible preferred stock, par value $0.01 per share, to which we refer in this prospectus supplement as our series D preferred stock. We have granted the underwriters an option to purchase up to an additional 1,200,000 shares of our series D preferred stock to cover over-allotments, if any. We will pay cumulative dividends on our series D preferred stock from the date of original issue at a rate of 7.00% per annum of the $25.00 liquidation preference per share (equivalent to an annual rate of $1.75 per share). Dividends on our series D preferred stock will be payable quarterly in arrears, beginning on July 15, 2008. Our series D preferred stock does not have a stated maturity date and is not subject to any sinking fund or mandatory redemption provisions. Our series D preferred stock will rank on parity with our outstanding preferred stock and senior to our common stock with respect to dividend rights and rights upon our liquidation, dissolution or winding up. We are not allowed to redeem our series D preferred stock, except to preserve our status as a real estate investment trust, or REIT. Holders of shares of our series D preferred stock will generally have no voting rights except for limited voting rights if we fail to pay dividends for six or more quarterly periods (whether or not consecutive) and in certain other circumstances.

Full Prospectus PDF », Secondary Prospectus PDF », ARE Page »

Series:D
Alternate symbology:ARE-D, ARE-PD, AREprD
Redeemable?:Yes
Maturity Date:4/15/2018
Cumulative?:Yes
Conversion Ratio:$100.93
Conversion Price:0.2477
Shares Offered:8,800,000
Overallotment:1,200,000
Liquidation Preference:$25.00
Original Coupon:7.00%
Pay Period:Quarterly
Pay Dates:15-Jan, 15-Apr, 15-Jul, 15-Oct
CDx3 Compliance Rating: Learn ARE.PRD's Rating
Alexandria Real Estate Equities is a real estate investment trust. Co. provides space for lease to life science, agtech, and technology tenants. Co. owns, operates, and develops collaborative life science, agtech, and technology campuses in various locations. Co.'s tenants include pharmaceutical companies; public and private biotechnology companies; life science product, service, and medical device companies; digital health, technology, and agtech companies; academic and medical research institutions; U.S. government research agencies; non-profit organizations; and venture capital firms. Co. also provides capital to life science, agrifoodtech, climate innovation, and technology companies.

Preferreds: ARE.PRD, ARE.PRE


Open the ARE Information Page »
Name:  Alexandria Real Estate Equities Inc
Website:  www.are.com
Sector:  REITs
Number of ETFs Holding ARE:  99 (see which ones)
Total Market Value Held by ETFs:  $4,355,431,095.7
Total Market Capitalization:  $21,729,000,000
% of Market Cap. Held by ETFs:  20.04%

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