Alexandria Real Estate falls on lower Q1 FFO

Alexandria Real Estate Equities,

28/04/2026 16:09

** Shares of real estate investment trust Alexandria Real Estate Equities ARE.N slump 10.6% to $40.73

** Q1 adjusted funds from operations —  a key performance measure for REITs — falls to $1.73 per share, from $2.30 a year earlier. Analysts estimate $1.74 per share - data compiled by LSEG

** Company expects annual construction spending beyond 2026 to decline by about $500 mln, depending on market conditions

** Average rating of 18 analysts is "hold", with a median price target of $60 - data compiled by LSEG

** ARE shares down 16.8% YTD, vs 4.1% rise in S&P 500 .SPX index

 (Reporting by Utkarsh Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))