Alexandria Real Estate's Q3 net loss per share widens amid occupancy challenges

Alexandria Real Estate Equities

27/10/2025 20:28

Corrects Q3 EPS (adjusted) to Adjusted FFO per share in Key Details. Removes brackets in Overview for net loss figure and changes funds from operations (adjusted) per share to Adjusted FFO per share

Overview

Alexandria Q3 2025 net loss per share of $(1.38), compared to $0.96 in Q3 2024

Adjusted FFO per share falls to $2.22 in Q3 2025 from $2.37 in Q3 2024

Company reports strong tenant collections with 99.9% of rents collected as of Oct 27, 2025

Outlook

Alexandria lowers 2025 net loss per share guidance midpoint to $(2.94)

Company reduces 2025 FFO per share (adjusted) guidance midpoint to $9.01

Result Drivers

LEASING ACTIVITY - Co achieved significant leasing volume, including a 16-year lease expansion with a multinational pharmaceutical tenant

OCCUPANCY CHALLENGES - Operating occupancy decreased due to lease expirations and slower re-leasing, impacting revenue

CAPITAL RECYCLING - Co is funding capital requirements through asset dispositions and sales of partial interests

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted FFO per share
$2.22
Q3 Dividend
$1.32


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for Alexandria Real Estate Equities Inc is $91.00, about 14.9% above its October 24 closing price of $77.41

The stock recently traded at 83 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release: ID:nPn9k3LpZa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)