Alexandria Real Estate falls after forecasting annual FFO below estimates

Equity Lifestyle Properties

28/10/2025 12:16

** Shares of real estate investment trust (REIT) Alexandria Real Estate Equities ARE.N fall 8.8% to $71 premarket after it forecasts annual adjusted funds from operations (AFFO) below estimates

** Co expects AFFO between $8.98 and $9.04 per share, lower than analysts' expectation of $9.23 per share - LSEG data

** It reports Q3 adjusted FFO, a key performance measure for REITs, of $2.22 per share vs estimates of $2.30 per share

** ARE reports a loss for the fourth consecutive quarter, amid slower re-leasing of vacant occupancies

**  Co.'s pharma clients face the risk of higher costs from tariffs

**  Peers Prologis Inc. PLD.N and Equity Lifestyle Properties ELS.N beat profit estimates for Q3

** As of last close, stock down 20.1% YTD vs 4.2% gain of S&P 500 Equity Real Estate Investment Trusts Index .SPLRCREC

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))