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Stockholders' equity
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Stockholders' equity STOCKHOLDERS’ EQUITY
Common equity transactions

During the nine months ended September 30, 2020, we executed forward equity sales agreements for an aggregate of 13.8 million shares of common stock, including the exercise of an underwriters’ option, for aggregate net proceeds of approximately $2.1 billion, as follows:

In January 2020 and July 2020, we entered into forward equity sales agreements aggregating $1.0 billion and $1.1 billion, respectively, to sell an aggregate of 6.9 million shares for each offering (13.8 million in aggregate) of our common stock, including the exercise of underwriters’ options, at public offering prices of $155.00 per share and $160.50 per share, respectively, before underwriting discounts.
In March 2020, we settled 3.4 million shares and received proceeds of $500.0 million. In September 2020, we settled 8.7 million shares from our forward equity sales agreements and received proceeds of $1.3 billion.
We expect to settle the remaining 1.8 million shares outstanding in 2020 and receive proceeds of approximately $267.4 million, to be further adjusted as provided in the aforementioned agreements. We expect to use the proceeds to fund pending and recently completed acquisitions and the construction of our highly leased development projects.
In February 2020, we entered into a new ATM common stock offering program, which allows us to sell up to an aggregate of $850.0 million of our common stock. As of September 30, 2020, we have $843.7 million available under our ATM program.

Dividends

During the three months ended March 31, 2020, we declared cash dividends on our common stock aggregating $130.0 million,
or $1.03 per share. In April 2020, we paid the cash dividends on our common stock declared for the three months ended March 31,
2020.

During the three months ended June 30, 2020, we declared cash dividends on our common stock aggregating $133.7 million,
or $1.06 per share. In July 2020, we paid the cash dividends on our common stock declared for the three months ended June 30, 2020.

During the three months ended September 30, 2020, we declared cash dividends on our common stock aggregating $143.0 million, or $1.06 per share. In October 2020, we paid the cash dividends on our common stock declared for the three months ended September 30, 2020.

Accumulated other comprehensive loss

The following table presents the changes in accumulated other comprehensive loss attributable to Alexandria Real Estate Equities, Inc.’s stockholders during the nine months ended September 30, 2020, due to net unrealized losses on foreign currency translation (in thousands):
 Total
Balance as of December 31, 2019$(9,749)

Other comprehensive loss before reclassifications(889)
Net other comprehensive loss(889)
Balance as of September 30, 2020$(10,638)

Common stock, preferred stock, and excess stock authorizations

Our charter authorizes the issuance of 200.0 million shares of common stock, of which 133.3 million shares were issued and outstanding as of September 30, 2020. Our charter also authorizes the issuance of up to 100.0 million shares of preferred stock, none of which were issued and outstanding as of September 30, 2020. In addition, 200.0 million shares of “excess stock” (as defined in our charter) are authorized, none of which were issued and outstanding as of September 30, 2020.