Alexandria Real Estate (ARE) Equities announced that the company’s Board of Directors authorized a new common stock repurchase program. The new program replaces the current repurchase authorization for up to $500M that was set to expire on December 31, 2025. Under the current program, Alexandria repurchased $258.2M of its shares of common stock, primarily in January 2025. Under the new program, the company may, from time to time, purchase up to $500M of its outstanding shares of Common Stock until December 31, 2026 in the open market or otherwise.
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