By Kelly Cloonan
Alexandria Real Estate cut its quarterly dividend by 45%, to 72 cents a share, from $1.32 a share.
The new payout, equal to $2.88 a year, represents an annual yield of about 5% based on Monday's closing price of $57.16.
The decision reflects the company's aims to maintain the strength of its balance sheet, improve financial flexibility and preserve liquidity, it said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
January 26, 2026 16:24 ET (21:24 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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