Alexandria RE Equities earnings missed by $3.70, revenue topped estimates

Alexandria Real Estate Equities (ARE) sold stakes in its life sciences campuses, including a 29% stake in Campus Point (San Diego) for $475M, due to market downturn. The company reported a $638.5M Q3 loss, declining rents, and forecast lease expirations. ARE raised $1B in debt and expects to meet sales targets. Occupancy slightly improved to 87.1%.

Alexandria Real Estate Equities (ARE) reported leasing 1.2M sq ft in Q3, aiming for 1.25M sq ft in Q4. The company targets 5.6x–6.2x year-end leverage and reaffirmed $6.40 2026 FFO per share midpoint.

Alexandria Real Estate Equities (ARE) anticipates temporary occupancy pressure in early 2027 due to 1.4M sq ft of lease expirations, totaling $101M in expiring rent. Over 60% of 2027 lease rollovers are in discussions. The company expects occupancy growth in 2028 and negative same-property performance in 2027. ARE is pursuing advanced technology tenants and reduced its development pipeline by 50%. It completed $1.7B in capital activity, including asset sales and a $1B note offering.

Alexandria Real Estate Equities (NYSE: ARE) reported a Q3 loss of $3.74 per share, wider than estimates, while revenue of $671.18M exceeded expectations. Shares fell 1.8%. Occupancy was 87.1%, and the company maintained its full-year guidance. It completed $234.4M in disposals and delivered 529,061 RSF of projects.

Alexandria Real Estate Equities (ARE) reported Q3 earnings and revenue above estimates, with FFO per share at $1.54 and revenue at $671.2M. The company narrowed its 2026 adjusted FFO guidance to $6.38-$6.42. Occupancy fell to 88.1%, and expenses rose. ARE stock gained 0.5% in after-hours trading. The REIT plans asset sales and leasing to fund capital needs.

Alexandria Real Estate Equities (ARE) updated its 2026 adjusted FFO guidance to $6.38-$6.42, slightly below FactSet's estimate of $6.39. The company also reported declines in Q3 adjusted FFO and revenue.