Alexandria Real Estate Equities, Inc. (ARE), a Real Estate Investment Trust, on Monday announced that the Board has authorized a new stock repurchase program of up to $500 million, replacing the prior program set to expire on December 31.
Under the previous program, the company repurchased $258.2 million of its shares, primarily in January 2025.
The company said stock repurchases, if any, are expected to be funded on a leverage-neutral basis using net cash from operating activities after dividends and proceeds from real estate dispositions or joint ventures.
In the pre-market trading, Alexandria Real Estate Equities is 1.01% higher at $45.95 on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.