Excel Trust Announces Establishment of Stock Repurchase Program of up to $30M
Excel Trust, Inc. (NYSE: EXL), a retail focused real estate investment trust (REIT), today announced that it has established a stock repurchase program in order to selectively purchase shares of its common stock. Under the stock repurchase program, the company may acquire up to $30 million of its common stock in open market and negotiated purchases. Excel Trust currently has approximately 30,967,679 million shares of common stock outstanding.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.