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

A judge dismissed a class action lawsuit against Alexandria Real Estate Equities, alleging false statements about a Queens property. The case was dismissed without prejudice. Alexandria's stock is down 38% over the past year, trading at $52.82. The company faces potential $183M preconstruction cost issues for a Manhattan project.

Alexandria Real Estate Equities (ARE) reported a narrower Q2 2026 net loss of $0.43 per share, but FFO per share declined. Leasing activity improved, with 1.04 million sq. ft. signed, and occupancy reached 90.9%. The company has $3.6B in liquidity and extended its credit line. However, same-property NOI fell 10.6%, and rental rates declined. Net debt to EBITDA is 7.0x, above target.

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.