Alexandria Real Estate Equities, Inc. announced the authorization of a new common stock repurchase program.
The new program replaces the current repurchase authorization for up to $500 million.
The Company may purchase up to $500 million of its outstanding shares of Common Stock until December 31, 2026.
New Repurchase Program
Authorized a new common stock repurchase program replacing the current one.
Purchase Amount
May purchase up to $500 million of its outstanding shares until December 31, 2026.
Discretionary Repurchases
Timing, price, and amount of repurchases will be determined at the Company's discretion.
- The stock repurchase program allows flexibility in repurchasing shares based on various factors.
- The Company's preference is to fund stock repurchases, if any, through December 31, 2026 on a leverage neutral-basis.
Alexandria Real Estate Equities, Inc. demonstrates a strategic financial move by refreshing and extending its common stock repurchase program, providing flexibility and potential for shareholder value enhancement.