Alexandria Real Estate slumps after forecasting annual FFO below estimates

Equity Lifestyle Properties

28/10/2025 15:08

Updates

   ** Shares of real estate investment trust Alexandria Real Estate Equities ARE.N fall 15.5% to $65.79, on track for their steepest single-day pct decline since March 2020

   ** 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

** ARE 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% YTD vs 2.4% gain for S&P 500 Equity Real Estate Investment Trusts index .SPLRCREC

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))