Alexandria Real Estate Equities, Inc. (ARE) said Monday that it is commencing an underwritten public offering of 6 million shares of common stock.
The company expects to grant the underwriters a thirty-day option to purchase up to 900,000 additional shares.
The company said it plans to initially use the net proceeds from this offering to reduce the outstanding balance on its unsecured senior line of credit. The company may then borrow from time to time under its unsecured senior line of credit to fund the selective development or redevelopment of life science properties, to fund property acquisitions, to repay other debt, or for general working capital and other corporate purposes.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.