Goldman Sachs Adjusts Price Target on Alexandria Real Estate Equities to $54 From $52, Keeps Neutral Rating

Alexandria Real Estate Equities (NYSE: ARE) completed a $1 billion offering of junior subordinated notes due 2057. The notes, priced at par, bear 7.250% interest until 2032. Clifford Chance advised the underwriters, with the deal closing on August 21, 2026.

Alexandria Real Estate Equities (ARE) completed a $1B subordinated, unsecured note offering due 2057, with a variable coupon and institutional support. The deal adds long-term funding but doesn't alter near-term risks like vacancies and capital markets uncertainty. ARE projects $2.7B revenue and $479.3M earnings by 2029, with analysts' estimates varying slightly.

Alexandria Real Estate Equities issued $1.0 billion in 7.25% junior subordinated notes due 2057. The notes reset rates every five years after 2032, with a 7.25% floor, and are guaranteed by the company. The issuance aims to enhance long-term capital structure and financial flexibility, according to the company.

Alexandria Real Estate Equities (NYSE: ARE) priced a $1.0 billion public offering of 7.250% Series A fixed-to-fixed reset rate junior subordinated notes due 2057 at 100% of principal. Interest is 7.250% until Feb. 15, 2032, then resets to the 5-year U.S. Treasury plus 2.889%, with a 7.250% floor. Closing expected around Aug. 21, 2026; proceeds for general corporate purposes.

Alexandria Real Estate Equities (NYSE: ARE) priced a $1.0 billion public offering of 7.250% Series A fixed-to-fixed reset rate junior subordinated notes due 2057. Notes were priced at par and pay 7.250% until Feb. 15, 2032, then reset to the 5-year Treasury plus 2.889% with a 7.250% floor. Proceeds will fund general corporate purposes. Closing expected Aug. 21, 2026.

Alexandria Real Estate Equities (NYSE: ARE) reported 2Q26 net loss attributable to common stockholders of $73.7M, or $(0.43) per diluted share, and adjusted FFO per share of $1.73. 2Q26 leasing volume rose 60% to 1,038,917 RSF. Operating occupancy was 86.9%, or 90.9% including executed leases. Liquidity totaled $3.60B.