Alexandria Co-President Ryan resigns; Board authorizes new $500M stock repurchase program

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Daniel J. Ryan, Co-President and San Diego Regional Market Director, resigns effective Dec 31, 2025 for personal/health reasons.
Board approved new $500M common stock repurchase program expiring Dec 31, 2026, replacing prior authorization.
Under prior program, Alexandria repurchased $258.2M of shares, primarily in Jan 2025.
Repurchases to be funded leverage-neutral with operating cash after dividends and proceeds from dispositions/JVs.
The program does not obligate repurchase of any specific amount; may be suspended anytime.

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