Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 6.80%.
YIELD ON COST (YOC)
6.80%
ARE now pays $3.48 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-09-13) | $104.43 | 3.33% |
| 5 years ago(2021-09-09) | $202.41 | 1.72% |
| 3 years ago(2023-09-12) | $111.76 | 3.11% |
| 1 year ago(2025-09-16) | $85.75 | 4.06% |
| Buying today(at $49.93) | $49.93 | 6.80% |
Projection: starting from today's 6.80% yield, assuming the dividend keeps compounding at 4.6% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
6.80%
In 3 years
7.78%
In 5 years
8.50%
In 10 years
10.61%
Try your own purchase price, dividend and growth rate for Alexandria Real Estate Equities, Inc. (ARE).
Starting Yield
6.97%
Ending YOC
14.04%
Year 15 Dividend
$7.01
Cum. Dividends Recd.
$77.39
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $3.48 | N/A | 6.97% | $0.00 |
| Year 1 | $3.65 | +4.78% | 7.30% | $3.65 |
| Year 2 | $3.82 | +4.78% | 7.65% | $7.47 |
| Year 3 | $4.00 | +4.78% | 8.02% | $11.47 |
| Year 4 | $4.19 | +4.78% | 8.40% | $15.66 |
| Year 5 | $4.40 | +4.78% | 8.80% | $20.06 |
| Year 6 | $4.61 | +4.78% | 9.22% | $24.67 |
| Year 7 | $4.83 | +4.78% | 9.66% | $29.49 |
| Year 8 | $5.06 | +4.78% | 10.13% | $34.55 |
| Year 9 | $5.30 | +4.78% | 10.61% | $39.84 |
| Year 10 | $5.55 | +4.78% | 11.12% | $45.40 |
| Year 11 | $5.82 | +4.78% | 11.65% | $51.21 |
| Year 12 | $6.09 | +4.78% | 12.21% | $57.31 |
| Year 13 | $6.39 | +4.78% | 12.79% | $63.69 |
| Year 14 | $6.69 | +4.78% | 13.40% | $70.38 |
| Year 15 | $7.01 | +4.78% | 14.04% | $77.39 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
