We will retain our wholly owned interest in the project upon completion of the redevelopments.
Refer to "Funds from operations and funds from operations per share" of this Earnings Press Release for additional details.Īlexandria at the vanguard of innovation for over 750 tenants and looking to accommodate current needs plus a path for future growth The following table provides leasing activity of our development and redevelopment projects: Demand for our value-creation development and redevelopment projects of high-quality office/laboratory space, as well as continued operational excellence at our world-class, sophisticated laboratory facilities and strong execution by our team, has translated into record leasing activity. We continue to execute our unique and differentiated life science strategy at an accelerated pace and expand our collaborative campuses and asset base in each of our key life science cluster submarkets, and we remain strategically positioned to take maximum advantage of historic tenant demand. Leasing activity of development and redevelopment projects As of June 30, 2021, our tenant receivables balance was $6.7 million, representing our lowest balance since 2012.Tenant collections remain consistently high, with 99.4% of July 2021 billings collected as of the date of this release.Our FFO payout ratio of 60% for the three months ended June 30, 2021, allows us to continue to share growth in cash flows from operating activities with our stockholders while also retaining a significant portion for reinvestment. $4.5 billion of liquidity as of June 30, 2021.Ĭontinued dividend strategy to share growth in cash flows with stockholdersĬommon stock dividend declared for 2Q21 of $1.12 per common share, aggregating $4.36 per common share for the twelve months ended June 30, 2021, up 24 cents, or 6%, over the twelve months ended June 30, 2020.Fixed-charge coverage ratio of 4.9x for 2Q21 annualized.Net debt and preferred stock to Adjusted EBITDA of 5.8x for 2Q21 annualized.
Investment-grade credit ratings ranked in the top 10% among all publicly traded U.S.Strong and flexible balance sheet with significant liquidity Supplemental Information for additional details. Operating properties in North America was 98.1% as of June 30, 2021. Excluding these acquired vacancies, occupancy of
Occupancy expected primarily over the next two quarters. Approximately 35% of the vacant 1.4 million RSF is currently under leased/negotiating, with Representing lease-up opportunities that are expected to provide incremental annual rental revenues in excess Includes 1.4 million RSF, or 3.8%, of vacancy at recently acquired properties in our North America markets,
Continued strong leasing activity and rental rate growth during 2Q21 and 1H21 over expiring rates on renewed and re-leased space:.During 2Q21, historic demand for our high-quality office/laboratory space translated into 1.9 million RSF of leasing activity, representing the highest leasing activity in a single quarter and the second highest rental rate growth in Company history.Historic leasing activity and rental rate growth continued strong net operating income and internal growth
This represents our fourth consecutive Nareit Investor CARE Gold Award, and our sixth Gold Award over the last seven years. Six-time Nareit Investor CARE Gold Award winnerĢ021 recipient of the Nareit Investor CARE (Communications and Reporting Excellence) Gold Award in the Large Cap Equity REIT category as the best-in-class REIT delivering transparency, quality, and efficient communications and reporting to the investment community. Net income attributable to Alexandria's common stockholders – dilutedįunds from operations attributable to Alexandria's common stockholders – diluted, as adjusted