The Real Brokerage Inc. announced that its Board of Directors has authorized a new share repurchase program for up to the lesser of $150 million in value or 35 million shares. This authorization reflects the Board's confidence in Real’s long-term strategy and commitment to delivering value to shareholders.
Chairman and Chief Executive Officer Tamir Poleg stated that the company remains focused on disciplined capital allocation, which includes investing in innovation, supporting agents, and returning capital to shareholders. The timing and total amount of repurchases will depend on market conditions.
The program has no termination date, provided it complies with applicable Canadian securities laws. This initiative provides flexibility for the company to manage its capital structure and potentially enhance shareholder returns through open market purchases.
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