Alexandria Real Estate slumps after forecasting annual FFO below estimates

Equity Lifestyle Properties

28/10/2025 14:26

Update

** Shares of real estate investment trust Alexandria Real Estate Equities ARE.N fall 15.5% to $65.79

** Co forecasts annual adjusted funds from operations (FFO) between $8.98 and $9.04 per share, below analysts' expectation of $9.23 per share - data compiled by LSEG

** 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 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

** Including session's move, stock down 33.9% 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))