Alexandria Real Estate Equities Enhances Its $500 Million Stock Buyback Initiative

Alexandria Real Estate Equities Expands Stock Buyback Program

Alexandria Real Estate Equities, Inc. (NYSE: ARE) has taken a significant step to enhance its shareholder value through the extension and refresh of its stock repurchase program, now valued at $500 million. This announcement was made on December 8, 2025, showcasing the company’s ongoing commitment to its shareholders and the strategic management of its capital.

Key Details of the Program

The new stock repurchase program comes as a replacement for the previous authorization that was set to lapse on December 31, 2025. Under the former plan, Alexandria successfully repurchased approximately $258.2 million worth of its common stock, primarily during January 2025. By authorizing the new program, the company's Board of Directors demonstrates its confidence in Alexandria’s long-term growth and stability.

The renewed program allows Alexandria to buy back up to $500 million of its outstanding common stock over the next year, specifically until December 31, 2026. Purchases can be conducted in the open market or through negotiated transactions, including accelerated share repurchases and derivatives.

Factors Influencing the Repurchase Decisions

Alexandria will exercise discretion regarding the specific timing, price, and total number of shares repurchased. These decisions will take into account several critical factors such as prevailing stock prices, overall capital availability, and the general economic environment. Importantly, the repurchase plan does not obligate the company to acquire any fixed dollar amount or a predetermined number of shares. In fact, it can be suspended or entirely discontinued depending on economic conditions and corporate strategies.

The company aims to execute these stock repurchases in a manner that remains leverage-neutral, utilizing net cash generated from operating activities after accounting for dividends, as well as proceeds from real estate sales or joint ventures.

About Alexandria Real Estate Equities

Founded in 1994, Alexandria Real Estate Equities, Inc. operates as a leading life science real estate investment trust (REIT). It has set up a distinct niche in life science real estate by owning, operating, and developing 'Megacampus™' ecosystems within critical innovations hubs like Greater Boston, San Francisco Bay Area, San Diego, Seattle, and New York City. Alexandria's expertise in creating collaborative environments has positioned the company as a pivotal player in the life sciences sector.

In conclusion, the $500 million stock repurchase program not only signifies Alexandria's proactive approach toward shareholder returns but also underscores their commitment to maintaining a stable and robust financial footing in a competitive market. For further information, investors and interested parties can visit www.are.com.

Forward-Looking Statements

This announcement includes forward-looking statements concerning Alexandria’s stock repurchase initiative, based on current expectations that may change due to various factors and risks. For detailed insights regarding these risks, stakeholders are encouraged to refer to the company’s filings with the Securities and Exchange Commission, including their annual and quarterly reports.

For further inquiries, Joel S. Marcus, Executive Chairman and Founder, can be reached at (626) 578-9693.