BUZZ-Alexandria Real Estate rises on new share buyback program ** Shares of real estate investment trust Alexandria Real Estate Equities ARE.N rise nearly 1% to about $46 premarket
** ARE announces share repurchase authorization of up to$500 million of its outstanding shares of common stock until December 31, 2026
** New program replaces the current repurchase authorization for up to $500 million set to expire on December 31, 2025
** Under the current program, co repurchased $258.2 million of its shares, par value $0.01 per share, primarily in January 2025
** As of last close, shares down 53.4% YTD
(Reporting by Megavarshini G. Somasundaram in Bengaluru)
((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))
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