Alexandria Real Estate Equities, Inc.'s stockholders' equity

6 Months Ended

Jun. 30, 2011

Alexandria Real Estate Equities, Inc.'s stockholders' equity

Alexandria Real Estate Equities, Inc.'s stockholders' equity

8. Alexandria Real Estate Equities, Inc.’s stockholders’ equity

In May 2011, we sold 6,250,651 shares of our common stock in a follow-on offering (including 750,651 shares issued upon partial exercise of the underwriters’ over-allotment option).  The shares were issued at a price of $75.50 per share, resulting in aggregate proceeds of approximately $451.5 million (after deducting underwriters’ discounts and other offering costs).

In September 2010, we sold 5,175,000 shares of our common stock in a follow-on offering (including 675,000 shares issued upon full exercise of the underwriters’ over-allotment option).  The shares were issued at a price of $69.25 per share, resulting in aggregate proceeds of approximately $342.3 million (after deducting underwriters’ discounts and other offering costs).

In June 2010, we completed our Exchange Offer.  Pursuant to the terms of the Exchange Offer, we issued 5,620,256 shares of our common stock and paid approximately $41.9 million in cash, as consideration for the exchange of approximately $232.7 million of our 8.00% Unsecured Convertible Notes.  See Note 6, Unsecured Convertible Notes.

In June 2011, we declared a cash dividend on our common stock aggregating $27.9 million ($0.45 per share) for the calendar quarter ended June 30, 2011.  In June 2011, we also declared cash dividends on our 8.375% series C cumulative redeemable preferred stock (“Series C Preferred Stock”) aggregating $2.7 million ($0.5234375 per share), for the period from April 15, 2011 through July 15, 2011.  Additionally, in June 2011, we declared cash dividends on our Series D Convertible Preferred Stock aggregating approximately $4.4 million ($0.4375 per share), for the period from April 15, 2011 through July 15, 2011.