Stockholders' equity |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Stockholders' Equity Note [Abstract] | |
| Stockholders' equity | STOCKHOLDERS’ EQUITYCommon equity transactions Common stock repurchase program Under our common stock repurchase program authorized in December 2024, we may repurchase up to $500.0 million of our common stock in the open market, in privately negotiated transactions, or otherwise through December 31, 2025. During the three months ended March 31, 2025, we repurchased 2.2 million shares of common stock under this repurchase program at an average price per share of $96.71. During the three months ended June 30, 2025, we did not repurchase any shares. As of June 30, 2025, the approximate value of shares that may yet be purchased under this program was $241.8 million. ATM common stock offering program In February 2024, we entered into an ATM common stock offering program that allows us to sell up to an aggregate of $1.5 billion of our common stock. During the six months ended June 30, 2025, we had no activity under our ATM program. As of June 30, 2025, the remaining aggregate amount available under our ATM program for future sales of common stock was $1.47 billion. Dividends During the three months ended March 31, 2025, we declared cash dividends on our common stock aggregating $228.3 million, or $1.32 per share. During the three months ended June 30, 2025, we declared cash dividends on our common stock aggregating $228.3 million, or $1.32 per share. Accumulated other comprehensive loss The change in accumulated other comprehensive loss attributable to Alexandria Real Estate Equities, Inc.’s stockholders during the six months ended June 30, 2025 was entirely due to net unrealized gains of $18.8 million on foreign currency translation related to our operations primarily in Canada. Common stock, preferred stock, and excess stock authorizations Our charter authorizes the issuance of 400.0 million shares of common stock, of which 170.1 million shares were issued and outstanding as of June 30, 2025. Our charter also authorizes the issuance of up to 100.0 million shares of preferred stock, none of which were issued and outstanding as of June 30, 2025. In addition, 200.0 million shares of “excess stock” (as defined in our charter) are authorized, none of which were issued and outstanding as of June 30, 2025.
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