NYSE:AREHealth Care REITs
Why Alexandria Real Estate Equities (ARE) Is Up 5.4% After Dividend Cut, Buyback, and Executive Exit – And What's Next
Alexandria Real Estate Equities recently cut its quarterly dividend by 45%, announced a new US$500 million share repurchase authorization after completing a prior US$258.25 million buyback, and disclosed the upcoming resignation of long‑time executive Daniel J. Ryan for personal and health reasons.
These actions come as the company confronts multiple securities class action lawsuits tied to its Long Island City property, following weaker third‑quarter results, an impairment charge, and...