Alexandria Real Estate Equities, Inc., specializing in commercial buildings for life science tenants, boasts a 97 percent occupancy rate in North America, and closed Q2 with solid financial metrics. This $10 billion company (market cap) offers its common shareholders a $0.77 per share annual dividend, returning a current yield of 3.2 percent. Alexandria's ARE-E preferred stock, on the other hand, offers investment-grade ratings and cumulative dividends, with a current yield of 6.25 percent - almost twice the return at substantially less risk.
But the company faces cash challenges; collecting about $1 billion in cash per year, ARE only has $68 million in the bank as of June 30, 2015...
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But the company faces cash challenges; collecting about $1 billion in cash per year, ARE only has $68 million in the bank as of June 30, 2015...
Note To Readers: This article was chosen to appear on the popular investing website 'Seeking Alpha'.
By clicking here a new window/tab will open on your screen to this article as it appears at SeekingAlpha.com.
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Many Happy Returns.
