Alexandria Real Estate falls after reducing annual FFO forecast

Alexandria Real Estate Equities

29/04/2025 12:12

** Life science real estate investment trust Alexandria Real Estate Equities ARE.N shares fall nearly 1% to $76, premarket

** Co reduced its full-year forecast for adj. funds from operations (FFO) due to anticipated lower leasing activity

** Expects 2025 adj. FFO to be between $9.16 and $9.36 per share, down from $9.23 to $9.43 per share

** ARE in Q1 posted net loss of $11.6 mln, or 7 cents/share, compared with profit of $166.9 mln, or 97 cents/share, for the same period last year

** 5 of 14 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $111.50

** As of last close, stock had fallen 21% YTD; shares fell 23% in 2024

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))