PASADENA, Calif., Dec. 13 /PRNewswire-FirstCall/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that its Board of Directors declared a quarterly cash dividend of 78 cents per common share for the fourth quarter of 2007. The dividend is payable on January 15, 2008 to shareholders of record on January 2, 2008.

"We are pleased to announce a 3% increase in our quarterly cash dividend declared to common shareholders for the fourth quarter of 2007, which is in addition to our 3% increase in dividend per common share previously declared for the second quarter of 2007. We are also pleased to be able to increase our annual cash dividend on common stock for the ninth consecutive year. The dividend increase reflects, in part, Alexandria's continued growth in funds from operations, while maintaining a very conservative and strong payout ratio of approximately 56.3% as of September 30, 2007, which is among the lowest in the REIT industry," said Joel S. Marcus, Chief Executive Officer of Alexandria.

Alexandria also announced that its Board of Directors declared a cash dividend of 52.34375 cents per share for the fourth quarter of 2007 for its 8.375% Series C Cumulative Redeemable Preferred Stock. The dividend is payable on January 15, 2008 to preferred shareholders of record on January 2, 2008.

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 Form 10- K Annual Report and other periodic reports filed with the Securities and Exchange Commission.

SOURCE Alexandria Real Estate Equities, Inc.