Alexandria Real Estate Equities, Inc. Declares Quarterly Cash Dividend

PASADENA, Calif., Sept. 19 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that its Board of Directors declared a quarterly cash dividend of 80 cents per common share for the third quarter of 2008. The dividend is payable on October 15, 2008 to shareholders of record on September 30, 2008.

Alexandria announced that its Board of Directors declared a cash dividend of 52.34375 cents per share for the third quarter of 2008 for its 8.375% Series C Cumulative Redeemable Preferred Stock. The dividend is payable on October 15, 2008 to preferred shareholders of record on September 30, 2008.

Alexandria also announced that its Board of Directors declared a cash dividend of 43.75 cents per share for the third quarter of 2008 for its 7.00% Series D Cumulative Convertible Preferred Stock. The dividend is payable on October 15, 2008 to preferred shareholders of record on September 30, 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.