Corrected: Alexandria Real Estate Q3 net loss widens on impairments

Alexandria Real Estate Equities

26/10/2026 20:18

Corrects period for asset-sales figure to reflect transactions completed through Oct. 26, 2026, not just in Q3, in Overview and Result Drivers

Overview
US life sciences REIT posted Q3 net loss per share of $3.74 on real estate impairments
Adjusted FFO per share for Q3 was $1.54, down from $2.22 a year earlier
Company completed $717 mln in asset sales and joint venture transactions through October 26, 2026

Outlook
Company expects 2026 FFO per share, as adjusted, of $6.38 to $6.42
Company maintains 2026 occupancy guidance of 86.2% to 87.8% for operating properties
Company expects 2027 occupancy to temporarily decline due to key lease expirations and tenant wind-downs

Result Drivers
IMPAIRMENT CHARGES - Q3 net loss included $637.9 mln of real estate impairment charges related to assets held for sale
LOWER OCCUPANCY - Decline in same property net operating income was due to lower occupancy, primarily from key lease expirations
ASSET SALES - Completed $717 mln in asset sales and joint venture transactions through October 26, 2026, as part of capital recycling strategy 

Company press release: ID:nPn43gXLXa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted FFO Per Share
 
$1.54
 
Q3 Dividend
 
$0.72
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 10 "hold" and 5 "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 $53.00, about 23.2% above its October 23 closing price of $43.02

Reuters Recommended Reads
Oct 26 - Easterly Government Properties Q3 Core FFO tops estimates

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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.)