Alexandria Real Estate Equities Posts Wider Q3 Loss on $637.9 Million Impairment; Narrows 2026 FFO Guidance

Alexandria Real Estate Equities Inc. (ARE) on Monday reported a wider third-quarter net loss, driven primarily by $637.9 million in real estate impairment charges. Net loss attributable to common stockholders widened to $638.5 million, or $3.74 per share, from $234.9 million, or $1.38 per share, a year earlier. Adjusted funds from operations fell to $264.4 million, or $1.54 per share, from $377.8 million, or $2.22 per share. Total revenues declined to $671.2 million from $751.9 million in the prior-year quarter. For 2026, the company narrowed its adjusted FFO guidance to $6.38-$6.42 per share from $6.35-$6.45, holding the midpoint at $6.40. Alexandria declared a quarterly dividend of $0.72 per share, unchanged from the previous quarter.