Real REMAX Group Inc. said its board has authorized a share buyback program valued at up to $450 million, representing up to 25 million shares of common stock, whichever is lower.
The Miami-based company, which operates a global real estate platform combining brokerage, franchising and ancillary services, said repurchases may be executed through open market purchases, privately negotiated transactions or other methods. The program carries no fixed termination date and may be modified, suspended or discontinued at any time without obligation to complete a specific purchase volume.
Real REMAX employs approximately 180,000 agents worldwide, including more than 100,000 in the United States and Canada, and operates in over 120 countries and territories. The authorization follows the company’s board approval and reflects a commitment to balanced capital allocation, according to Chairman and Chief Executive Officer Tamir Poleg.
Poleg stated that the program underscores confidence in the company’s long-term strategy, adding that management remains focused on disciplined investment in innovation, agent support and deleveraging alongside share repurchases.
