XML 84 R24.htm IDEA: XBRL DOCUMENT v3.24.4
Stockholders' equity (Notes)
 12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' equity Common equity transactions
Common stock repurchase program
On December 9, 2024, we announced that our Board of Directors authorized a common stock repurchase program under
which we may repurchase up to $500.0 million of our common stock, until December 31, 2025 in the open market, in privately
negotiated transactions, or otherwise. Stock repurchases are expected to be funded with net cash provided by operating activities after
dividends and proceeds from dispositions and sales of partial interests.
In December 2024, we repurchased 496,276 shares of common stock under this repurchase program at an average price per
share of $100.95. As of December 31, 2024, the approximate value of shares that may yet be purchased under this program was
$449.9 million.
From January 1, 2025 through January 27, 2025, we repurchased 1.5 million shares of additional common stock under this
repurchase program at an average price per share of $97.26. As of the date of this report, the approximate value of shares authorized
and remaining under this program was $299.9 million.
ATM common stock offering program
In February 2024, we entered into a new ATM common stock offering program that allows us to sell up to an aggregate of
$1.5 billion of our common stock.
During the three months ended June 30, 2024, we entered into new forward equity sales agreements aggregating $28 million
to sell 230 thousand shares of common stock under our ATM program at an average price per share of $122.32 (before underwriting
discounts).
During the three months ended December 31, 2024, we settled all outstanding forward equity sales agreements by issuing
230 thousand shares of common stock at an average price per share of $120.93 and received net proceeds of $27.8 million, before
offering costs. As of December 31, 2024, the remaining aggregate amount available under our ATM program for future sales of common
stock was $1.47 billion.
Accumulated other comprehensive loss
The change in accumulated other comprehensive loss attributable to Alexandria Real Estate Equities, Inc.’s stockholders
during the year ended December 31, 2024 was entirely due to net unrealized losses of $30.4 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 172.2 million shares were issued and
outstanding as of December 31, 2024. 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 December 31, 2024. 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 December 31, 2024.