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, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, longest-tenured and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation clusters, today recognizes Blood Cancer Awareness Month by highlighting its strategic investments and tenants developing life-saving therapies in hematology and oncology, as well as the company's longstanding mission-critical engagement with the nation's leading nonprofits focused on blood cancers. Blood cancers, also known as hematologic cancers, begin in blood-forming tissue, such as bone marrow, or in cells of the immune system. There are over 100 types of blood cancers, including leukemia, lymphoma and myeloma.

"According to Blood Cancer United, someone is diagnosed with leukemia, lymphoma or myeloma approximately every three minutes, representing 9.4% of all new cancers in the United States in 2025. And they remain a major cause of cancer mortality; someone in the U.S. dies from blood cancer approximately every nine minutes. There has been meaningful progress, and survival rates have improved substantially with over one million people in the U.S. living with or in remission from blood cancers, but continued investment and collaboration remain essential," said Peter Moglia, chief executive officer and chief investment officer of Alexandria Real Estate Equities, Inc. "Blood Cancer Awareness Month is more than a moment for recognition and reflection; it is a call to action to accelerate research, improve access and support patients and families. We are honored to partner with consequential nonprofit organizations focused on oncology and hematology, and deeply proud of Alexandria's mission-critical role in enabling our tenants and investments to develop life-changing treatments and cures."

Juno Therapeutics (Juno), Alexandria's longstanding tenant in Seattle, represents one of the defining success stories in blood cancer innovation. An early leader in CAR-T therapies, Juno helped advance the science behind Breyanzi®, one of the leading FDA-approved CAR-T cell therapies for relapsed or refractory B-cell blood cancers, with approvals across multiple lymphoma indications and marketed by Bristol Myers Squibb. Alexandria Venture Investments was also an early investor in Juno, which went public in 2014 at an IPO market capitalization of approximately $2.2 billion and was acquired by Celgene in 2018; Celgene was later acquired by Bristol Myers Squibb in 2019.

For over a decade, Alexandria has engaged with nonprofits advancing research, patient advocacy and access across oncology and hematology, including the Multiple Myeloma Research Foundation (MMRF), Blood Cancer United, the National Marrow Donor Program (NMDP), Alliance for Cancer Gene Therapy, Fred Hutch Cancer Center, Curebound, UCSD Health's Moores Cancer Center and Memorial Sloan Kettering Cancer Center. In 2012, Alexandria began its partnership with the MMRF, the largest nonprofit solely focused on accelerating a cure for multiple myeloma patients, with Joel Marcus, executive chairman and founder of Alexandria Real Estate Equities, Inc., serving on its board from 2014 to 2017. Alexandria is proud to support the MMRF at the nonprofit's Blood Cancer Awareness event at the Alexandria Center® for Life Science – New York City megacampus this month. Through Alexandria's corporate social responsibility initiatives, the company and its employees also support NMDP, formerly Be The Match, a global nonprofit leader in cell therapy that connects patients to life-saving donors and advances research to improve patient outcomes. Alexandria employees may use company-provided Volunteer Time Off to donate blood, platelets or bone marrow, and the company regularly coordinates blood drives across its collaborative campuses for both its employees and tenants.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle and New York City. For more information, please visit www.are.com.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, strategic investments, partnerships and support of charitable and community organizations; Alexandria's role in supporting tenants and companies in which it invests that are engaged in research and development in hematology and oncology; and the anticipated impact or benefits of these investments, partnerships and support, including the expected impact of the missions, programs and initiatives of the charitable and community organizations Alexandria supports. These forward-looking statements are based on Alexandria's present intent, beliefs, or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.

CONTACT: Sara Cohen, Assistant Vice President – Capital Markets & Corporate Operations, (646) 799-2617, [email protected] 

SOURCE Alexandria Real Estate Equities, Inc.

It has been about a month since the last earnings report for Alexandria Real Estate Equities (ARE - Free Report) . Shares have added about 5.7% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is Alexandria Real Estate Equities due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

Alexandria's Q2 FFO Beats Estimates on Leasing Momentum, Rental Rates ImproveAlexandria reported second-quarter 2026 FFO, as adjusted, per share of $1.73, beating the Zacks Consensus Estimate of $1.65 by 4.9%. FFO declined 25.8% from $2.33 in the year-ago quarter.

Revenues fell 13% year over year to $662.8 million but surpassed the consensus estimate of $649 million by 2.1%. The results benefited from leasing volume exceeding 1 million rentable square feet, strong tenant collections and continued development deliveries.

Alexandria's Leasing Volume Accelerates in Q2Alexandria executed leases covering approximately 1 million RSF, up 60% from 647,356 square feet in the preceding quarter. The total also exceeded the second-quarter 2025 through first-quarter 2026 quarterly average of 952,365 RSF by roughly 87,000 RSF.

Lease renewals and re-leasing accounted for 640,998 square feet. Leasing of previously vacant space totaled 329,148 square feet, while development and redevelopment leasing contributed 68,771 square feet. Existing tenants generated 68% of the reported quarter's leasing activity.

Alexandria's Rental Rates Show ImprovementRental rates on lease renewals and re-leasing of space declined 0.7% during the second quarter, marking a sharp improvement from the 15% decrease recorded in the first quarter of 2026. On a cash basis, rental rates fell 4.3% compared with a 15.8% decline in the prior quarter.

The tenant base continued to support cash-flow visibility. Investment-grade or publicly traded large-cap tenants generated 57% of annual rental revenues. Moreover, 97% of leases contained annual rent escalations, while the weighted-average remaining lease term stood at 7.7 years.

Alexandria's Occupancy Remains Under PressureOccupancy of operating properties was 86.9% as of June 30, 2026, down from 87.7% at the end of March 2026. The decline reflected previously disclosed lease expirations and the reclassification of space at 3000 Minuteman Road from redevelopment to operating.

Executed leases covering 1.4 million RSF have not yet commenced. Including this space, occupancy would have been 90.9%. These leases are expected to generate approximately $69 million in annual rental revenues, with a weighted-average future occupancy date of November 2026.

Alexandria's Same-Property NOI DeclinesSame-property NOI decreased 10.6% year over year, while same-property NOI on a cash basis declined 8.6%. The drop was due to lower occupancy, primarily reflecting previously disclosed lease expirations with expected downtime.

The company’s operating margin was 69%, while the adjusted EBITDA margin came in at 67%. Interest expense increased 16.4% year over year to $64.3 million, reflecting the impact of debt issued at higher rates and the repayment or repurchase of lower-cost borrowings.

Alexandria Advances Its Development PipelineDuring the second quarter, Alexandria placed into service a 426,927-RSF development project occupied by Bristol Myers Squibb in San Diego. The property generated incremental annual NOI of $57 million.

The company expects projects scheduled for delivery in the second half of 2026 to contribute approximately $42 million in incremental annual NOI.

Alexandria Maintains Strong LiquidityAlexandria ended the second quarter with $3.60 billion of liquidity and a weighted-average remaining debt term of 9.7 years. Only 6% of total debt matures through 2028. Net debt and preferred stock to adjusted EBITDA was 7.0X, while fixed-charge coverage was 3.3X on a quarter-annualized basis.

The company is targeting a fourth-quarter 2026 annualized leverage ratio of 5.6 to 6.2. Alexandria expects dispositions, partial-interest sales and other capital sources to help improve leverage during the second half of 2026.

Alexandria Narrows Its 2026 FFO OutlookAlexandria narrowed its 2026 adjusted FFO guidance to $6.35-$6.45 per share from $6.30-$6.50. The midpoint remained unchanged at $6.40, reflecting greater visibility into full-year results. The company maintained its year-end occupancy outlook of 86.2-87.8%. It also continues to expect same-property NOI to decline 8.5-10.5% and rental rates on renewals and re-leasing to decrease 1-9%.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended downward during the past month.

VGM ScoresAt this time, Alexandria Real Estate Equities has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. However, the stock has a grade of B on the value side, putting it in the second quintile for value investors.

Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Alexandria Real Estate Equities has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerAlexandria Real Estate Equities belongs to the Zacks REIT and Equity Trust - Other industry. Another stock from the same industry, Ventas (VTR - Free Report) , has gained 1.3% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Ventas reported revenues of $1.73 billion in the last reported quarter, representing a year-over-year change of +21.7%. EPS of $0.14 for the same period compares with $0.87 a year ago.

Ventas is expected to post earnings of $0.99 per share for the current quarter, representing a year-over-year change of +12.5%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.1%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Ventas. Also, the stock has a VGM Score of D.

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, October 27, 2026, at 2:00 p.m. Eastern Time (ET), in conjunction with the release of its third quarter 2026 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, October 26, 2026.

To participate in this conference call, dial (833) 366-1125 (U.S./Canada) or (412) 902-6738 (international) shortly before 2:00 p.m. ET and ask the operator to join the call for Alexandria Real Estate Equities, Inc. The live audio webcast can be accessed on the company's website at http://investor.are.com/webcasts. A replay of the call will be available from 4:00 p.m. ET on Tuesday, October 27, 2026 through 4:00 p.m. ET on Tuesday, November 3, 2026. To access the replay, dial (855) 669-9658 (U.S./Canada) or (412) 317-0088 (international) and enter access code 6457127.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City. For more information, please visit www.are.com.

CONTACT: Paula Schwartz, Managing Director, Rx Communications Group, (917) 633-7790, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.

Algert Global LLC raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 38.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 144,310 shares of the real estate investment trust’s stock after acquiring an additional 40,320 shares during the quarter. Algert Global LLC owned approximately 0.08% of Alexandria Real Estate Equities worth $7,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ARE. Norges Bank acquired a new position in shares of Alexandria Real Estate Equities during the fourth quarter worth $805,429,000. Monaco Asset Management SAM acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at $6,582,000. Handelsbanken Fonder AB grew its position in Alexandria Real Estate Equities by 58.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 68,500 shares of the real estate investment trust’s stock worth $3,620,000 after acquiring an additional 25,300 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Alexandria Real Estate Equities during the 4th quarter worth $8,445,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Alexandria Real Estate Equities by 789.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 51,884 shares of the real estate investment trust’s stock worth $2,539,000 after purchasing an additional 46,052 shares in the last quarter. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Alexandria Real Estate Equities Here are the key news stories impacting Alexandria Real Estate Equities this week:

Positive Sentiment: Baird raised its price target to $52. Robert W. Baird increased its target for ARE, signaling somewhat improved expectations for the life-science REIT, although the new target remains close to the stock’s recent trading level and the broader analyst view is still cautious. Robert W. Baird Boosts Alexandria Real Estate Equities Price Target to $52 Positive Sentiment: One upward earnings revision provides modest support. Zacks Research raised its FY2026 EPS forecast to $6.39 from $6.36, slightly above the current consensus estimate of $6.38. However, Zacks maintained a “Hold” rating. Neutral Sentiment: Third-quarter results date announced. Alexandria will release its third-quarter 2026 operating and financial results and host its conference call on October 27, giving investors a scheduled catalyst to assess leasing, property sales, occupancy and guidance. Alexandria Announces Third-Quarter 2026 Earnings Call Date Neutral Sentiment: Cambridge asset sale provides liquidity. Alexandria sold lab condominium units in Cambridge, Massachusetts, to Draper for $45 million. The transaction may support liquidity and portfolio repositioning, but its effect on recurring earnings depends on the asset’s prior contribution and sale terms. Alexandria Sells Cambridge Lab Condo Units for $45 Million Negative Sentiment: Analysts lowered most medium- and long-term forecasts. Zacks cut estimates for Q3 and Q4 2026, every quarter of 2027, FY2027 to $5.16 from $5.56, and FY2028 to $5.47 from $5.62. The revisions suggest pressure on Alexandria’s earnings outlook and are likely the main fundamental drag on the stock. Negative Sentiment: Cambridge sale reportedly involved a $75 million loss. The reported loss substantially exceeds the $45 million sale proceeds, highlighting potential valuation pressure in Alexandria’s lab-property portfolio and raising concerns about realized asset values. Draper Buys Cambridge Lab Floors as Alexandria Takes a Loss Wall Street Analysts Forecast Growth ARE has been the topic of a number of recent research reports. Evercore reissued an “outperform” rating and set a $57.00 price target on shares of Alexandria Real Estate Equities in a research note on Monday, August 17th. BMO Capital Markets raised their price objective on shares of Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Morgan Stanley reiterated an “underweight” rating and set a $53.00 target price on shares of Alexandria Real Estate Equities in a research report on Thursday, June 11th. BNP Paribas Exane boosted their target price on shares of Alexandria Real Estate Equities from $45.00 to $48.00 and gave the stock an “underperform” rating in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada decreased their price target on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $52.85. View Our Latest Stock Report on ARE

Alexandria Real Estate Equities Trading Up 0.1% NYSE:ARE opened at $52.95 on Thursday. Alexandria Real Estate Equities, Inc. has a 52 week low of $39.41 and a 52 week high of $88.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. The firm’s fifty day moving average is $50.71 and its 200-day moving average is $49.57. The firm has a market cap of $9.23 billion, a P/E ratio of -8.74 and a beta of 1.15.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.52). Alexandria Real Estate Equities had a negative return on equity of 5.21% and a negative net margin of 36.08%.The firm had revenue of $662.78 million for the quarter, compared to the consensus estimate of $464.86 million. During the same period in the prior year, the business earned $2.33 EPS. Alexandria Real Estate Equities’s quarterly revenue was down 13.0% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.350-6.450 EPS. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 6.38 earnings per share for the current year.

Alexandria Real Estate Equities Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.88 annualized dividend and a yield of 5.4%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -47.52%.

Insider Buying and Selling In related news, Chairman Joel S. Marcus bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average price of $46.28 per share, with a total value of $231,400.00. Following the completion of the transaction, the chairman directly owned 592,724 shares in the company, valued at approximately $27,431,266.72. This represents a 0.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the sale, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This trade represents a 1.05% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.35% of the company’s stock.

Alexandria Real Estate Equities Company Profile (Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.

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Bank of America Corp DE grew its stake in Alexandria Real Estate Equities, Inc. (NYSE: ARE) by 55.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 846,385 shares of the real estate investment trust's stock after purchasing an additional 300,201

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE) today announced that it has priced a public offering of $1,000,000,000 aggregate principal amount of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 (the "notes"). J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, BBVA Securities Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC, Truist Securities, Inc., U.S. Bancorp Investments, Inc., BNP Paribas Securities Corp. and PNC Capital Markets LLC are acting as joint book-running managers in connection with the public offering, and Fifth Third Securities, Inc., M&T Securities, Inc., Santander US Capital Markets LLC, Capital One Securities, Inc., Huntington Securities, Inc., Regions Securities LLC and Samuel A. Ramirez & Company, Inc. are acting as co-managers in connection with the public offering.

The notes were priced at 100.000% of the principal amount. The notes will initially bear interest at 7.250% per year through, but excluding, February 15, 2032, and thereafter at a rate equal to the five-year U.S. Treasury Rate plus 2.889%, reset every five years, subject to a floor of 7.250%. The notes will be junior subordinated unsecured obligations of the Company and fully and unconditionally guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary of the Company. The closing of the sale of the notes is expected to occur on or about August 21, 2026, subject to customary closing conditions.

The Company intends to use the net proceeds from the notes for general corporate purposes, which may include working capital, the reduction of the outstanding balance, if any, on the Company's unsecured senior line of credit, the reduction of the outstanding indebtedness, if any, under the Company's commercial paper program, the repayment of other debt and the selective development, redevelopment or acquisition of properties. Pending such use, the Company may invest the net proceeds in high-quality short-term securities and/or use such proceeds temporarily for general working capital and other general corporate purposes.

The notes are being offered pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's securities, including the notes, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-212-834-4533 or by email at [email protected] and [email protected]; BofA Securities, Inc., by telephone at 1-800-294-1322; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146 or by email at [email protected]; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by fax at (212) 902-9316 or by email at [email protected]; or RBC Capital Markets, LLC, by toll-free telephone at (866) 375-6829.

About Alexandria Real Estate Equities, Inc.
Alexandria, an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the Company's offering of the notes, the expected closing of the offering and its intended use of the proceeds. These forward-looking statements are based on the Company's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company's forward-looking statements, and risks and uncertainties to the Company's business in general, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.

Contact: Joel Marcus, Executive Chairman & Founder, (626) 578-0777, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (ARE) Q2 2026 Earnings Call August 4, 2026 2:00 PM EDT

Company Participants

Joel Marcus - Founder & Executive Chairman
Marc Binda - CFO & Treasurer
Peter M. Moglia - CEO & Chief Investment Officer
Hallie Kuhn - Executive Vice President of Capital Markets & Co-Lead - Life Science

Conference Call Participants

Paula Schwartz - Rx Communications Group LLC
Farrell Granath - BofA Securities, Research Division
Ronald Kamdem - Morgan Stanley, Research Division
Seth Bergey - Citigroup Inc., Research Division
John Kim - BMO Capital Markets Equity Research
Anthony Paolone - JPMorgan Chase & Co, Research Division
James Kammert - Evercore ISI Institutional Equities, Research Division
Vikram Malhotra - Mizuho Securities USA LLC, Research Division
Richard Anderson - Cantor Fitzgerald & Co., Research Division
Julien Blouin - Goldman Sachs Group, Inc., Research Division
Dylan Burzinski - Green Street Advisors, LLC, Research Division

Presentation

Operator

Good afternoon, everyone, and welcome to the Alexandria Real Estate Equities Second Quarter 2026 Conference Call. [Operator Instructions] Please also note, today's event is being recorded.

At this time, I'd like to turn the floor over to Paula Schwartz with Investor Relations. Please go ahead.

Paula Schwartz
Rx Communications Group LLC

Thank you, and good afternoon, everyone. This conference call contains forward-looking statements within the meaning of the federal securities laws. The company's actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's periodic reports filed with the Securities and Exchange Commission.

And now I'd like to turn the call over to Joel Marcus, Executive Chairman and Founder. Please go ahead, Joel.

Joel Marcus
Founder & Executive Chairman

Thank you, Paula, and welcome, everybody, to the Alexandria Second Quarter Earnings Call. With me today are Peter, Marc and Hallie. And before we start detailed

4.8.2026 18:34

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Mezi další společnosti, které dnes zveřejní své výsledky, patří Advanced Micro Devices, ten v současné době přidává přes 8 %, za sebou je mají McDonald's, +1 % a Spotify, která však klesá o více jak 2% i přes silný předpoklad růstu tržeb. Největší pozornost však upoutá první čtvrtletní zpráva o hospodaření společnosti SpaceX od jejího vstupu na burzu. Akcie této společnosti se od červnového IPO nacházejí v volném pádu, což vysílá varovný signál ostatním společnostem s tržní kapitalizací v řádu miliard, které uvažují o vstupu na veřejné trhy.

Ropa padá o více jak 5 %,  Zlato roste o 1,3 % a Bitcoin přidává 0,5%

Index S&P 500 +1,52 % na 7715,84 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +3,7 % Utility -0,7 % Základní materiály +1,6 % Energie -0,6 % Průmysl +1,4 % Zbytná spotřeba -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Palantir Technologies (PLTR) +28 % Aptiv (APTV) -18 % Zebra Technologies Corp (ZBRA) +22 % NRG Energy (NRG) -15 % Gartner (IT) +17 % Rockwell Automation (ROK) -8,0 % Coherent Corp (COHR) +16 % Vistra Corp (VST) -6,6 % Marvell Technology (MRVL) +14 % Alexandria Real Estate Equities (ARE) -5,7 %
David Rojko-Kovačík
Fio banka, a.s.
Prohlášení

Alexandria Real Estate Equities (ARE - Free Report) came out with quarterly funds from operations (FFO) of $1.73 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to FFO of $2.33 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +4.85%. A quarter ago, it was expected that this life science real estate company would post FFO of $1.73 per share when it actually produced FFO of $1.73, delivering no surprise.

Over the last four quarters, the company has surpassed consensus FFO estimates two times.

Alexandria Real Estate Equities, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $662.78 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.12%. This compares to year-ago revenues of $762.04 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.

Alexandria Real Estate Equities shares have added about 5.1% since the beginning of the year versus the S&P 500's gain of 9.4%.

What's Next for Alexandria Real Estate Equities?While Alexandria Real Estate Equities has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Alexandria Real Estate Equities was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $1.53 on $635.78 million in revenues for the coming quarter and $6.36 on $2.62 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Americold Realty Trust Inc. (COLD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This company is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -11.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Americold Realty Trust Inc.'s revenues are expected to be $629.26 million, down 3.3% from the year-ago quarter.

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the second quarter ended June 30, 2026.

KEY HIGHLIGHTS

Operating results

2Q26

2Q25

1H26

1H25

Net (loss) income attributable to Alexandria's common stockholders – diluted:     

 In millions

$        (73.7)

$       (109.6)

$         286.7

$       (121.2)

 Per share

$        (0.43)

$        (0.64)

$           1.68

$         (0.71)

Funds from operations attributable to Alexandria's common stockholders – diluted, as adjusted:                    

 In millions

$        296.1

$        396.4

$         592.0

$         788.4

 Per share

$          1.73

$          2.33

$           3.46

$           4.63

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

Alexandria Real Estate Equities, Inc. All Rights Reserved. ©2026

A best-in-class REIT with a high-quality and diverse tenant base, strong margins, and long lease terms

(As of or for the three months ended June 30, 2026, unless stated otherwise)

Occupancy of operating properties

86.9 %

Occupancy of operating properties, including executed leases with future occupancy

90.9 %

Percentage of annual rental revenue in effect from Megacampus platform

80 %

Percentage of annual rental revenue in effect from investment-grade or publicly
    traded large cap tenants

57 %

Operating margin

69 %

Adjusted EBITDA margin

67 %

Percentage of leases containing annual rent escalations

97 %

Weighted-average remaining lease term:

 Top 20 tenants

10.0

years

 All tenants

7.7

years

Strong 2Q26 tenant collections(1):

 2Q26 rents and receivables collected as of August 3, 2026

99.9 %

(1)    Refer to "Tenant collections" under "Definitions and reconciliations" in the Supplemental Information.

Strong and flexible balance sheet with significant liquidity; top 20% credit rating ranking among all publicly traded U.S. REITs; long-duration remaining debt term (as of 6/30/26)

$21.84 billion in total market capitalization. $9.02 billion in total equity capitalization. Net debt and preferred stock to Adjusted EBITDA of 7.0x and fixed-charge coverage ratio of 3.3x for 2Q26 annualized; 4Q26 annualized targets: 5.6x–6.2x and 3.6x–4.1x, respectively. We expect improvement in our quarter-annualized net debt and preferred stock to Adjusted EBITDA ratio in 2H26 as we complete dispositions, sales of partial interests, and other capital sources. Significant liquidity of $3.60 billion and extension of our $5.0 billion unsecured senior line of credit to 2032. Only 6% of our total debt matures through 2028. 9.7-year weighted-average remaining debt term, the longest among S&P 500 REITs. Total debt and preferred stock to gross assets of 31%. Intermediate-term goal for leverage: mid-5x range. Solid 2Q26 leasing volume exceeding 1.0 million RSF

2Q26 total leasing volume surpassed 1.0 million RSF, increasing 60% from 1Q26 and exceeding the 2Q25–1Q26 quarterly average of 952,365 RSF by approximately 87,000 RSF. Includes 397,919 RSF for combined previously vacant and development and redevelopment space; second-highest amount since 2Q24, excluding the 466,598 RSF build-to-suit lease signed in 3Q25. 75% of our leasing activity during the last twelve months was generated from our existing tenant base.

Leasing Volume in RSF:

2Q26

1Q26

1H26

 Leasing of development and redevelopment space

68,771

117,935

186,706

 Leasing of previously vacant space

329,148

148,734

477,882

397,919

266,669

664,588

 Lease renewals and re-leasing of space

640,998

380,687

1,021,685

Total leasing volume

1,038,917

647,356

1,686,273

Lease renewals and re-leasing of space:

 Rental rate changes

(0.7) %

(15.0) %

(7.4) %

 Rental rate changes (cash basis)

(4.3) %

(15.8) %

(9.6) %

Ongoing execution of Alexandria's capital recycling strategy

We plan to continue funding a significant portion of our capital requirements for the year ending December 31, 2026 through dispositions of land, non-core dispositions, sales of partial interests, and other capital sources.

(in millions)

Sales Price

%

Completed as of August 3, 2026

$       170

Pending transactions subject to non-refundable deposits, signed letters of
  intent, and/or sale agreement negotiations

1,159

1,329

46 %

Dispositions, sales of partial interests, and other capital sources in process

1,100

38 %

Multiple alternatives under evaluation

471

16 %

2026 guidance midpoint for dispositions, sales of partial interests, and
    other capital sources

$     2,900

We expect to allocate this capital as follows (based on guidance midpoints):

(in millions)

2026
Guidance
(Midpoint)

Construction focused on highly leased developments and lease-up of vacant space

$              1,750

Reduction of debt to meet our leverage goal

1,675

Net cash provided by operating activities, as adjusted

(525)

$              2,900

Occupancy and leasing progress

Operating occupancy as of March 31, 2026

87.7 %

Key changes to occupancy:

 Reclassification of space at 3000 Minuteman Road from redevelopment to operating
   in 2Q26, fully leased with expected occupancy in 2Q27

(0.4)

(1)

Previously disclosed 2Q26 key lease expirations with expected downtime

(0.8)

Increase in occupancy, primarily due to the commencement of leases during 2Q26     

0.4

Operating occupancy as of June 30, 2026

86.9

 Vacant space with executed leases and future occupancy

4.0

(2)

Operating occupancy as of June 30, 2026, including executed leases with future
   occupancy

90.9 %

(1)

Refer to "Reduction of capital spend and funding needs" in this Earnings Press Release for additional details regarding the 159,947 RSF lease executed in 2Q26. 

(2)

Represents executed leases aggregating 1.4 million RSF with occupancy expected upon completion of building and/or tenant improvements. The weighted-average expected occupancy date is approximately November 2026, with expected annual rental revenue of approximately $69 million. We expect 64% of the total 1.4 million RSF to be occupied by December 31, 2026. These spaces are located primarily in the Greater Boston, San Diego, and San Francisco Bay Area markets.

KEY OPERATING METRICS

Operating metrics

2Q26

1H26

Same property performance:

 Net operating income changes

(10.6) %

(1)

(11.5) %

(1)

 Net operating income changes (cash basis)

(8.6) %

(1)

(11.2) %

(1)

 Occupancy – current-period average

87.1 %

88.2 %

 Occupancy – same-period prior-year average

92.6 %

93.5 %

Refer to "Same property comparisons" and "Net operating income" under "Definitions and reconciliations" in the Supplemental Information for additional details and their respective reconciliations from the most directly comparable financial measures presented in accordance with GAAP.

(1)

The decline was due to a decrease in same property occupancy, primarily driven by previously disclosed key lease expirations with expected downtime aggregating 657,492 RSF in 1Q26 and 260,888 RSF in 2Q26, with weighted-average lease expiration dates of January 2026 and April 2026, respectively.

Reduction of capital spend and funding needs

In 2Q26, we executed a lease aggregating 159,947 RSF with an advanced technology tenant at our redevelopment project at 3000 Minuteman Road in our Greater Boston market. The lease enables us to pivot a portion of the redevelopment project from future laboratory and/or biomanufacturing use to a lower-cost advanced technology use, reducing the project's expected aggregate construction budget by approximately $80 million. We expect to deliver the 159,947 RSF of leased space in 2Q27 upon completion of building and tenant improvements. As a result, the leased space was reclassified from redevelopment to operating, reducing the redevelopment project from 431,550 RSF as of 1Q26 to 271,603 RSF as of 2Q26. We continue to evaluate the business and financial strategy for five projects aggregating 1.4 million RSF, which may allow us to further reduce future construction funding requirements within our active pipeline. As of 2Q26, we executed letters of intent aggregating 108,800 RSF for advanced technology use at our redevelopment project at 311 Arsenal Street. If we are successful in executing these potential leases, we expect to evaluate whether all or a portion of this project will be placed back into operation without the need to further redevelop for laboratory use. Non-income-producing assets for 2Q26 are 16% of gross assets, a 4% reduction since 4Q24; targeting a range of 11% to 16% by 4Q26. Alexandria's development and redevelopment pipeline delivered incremental annual net operating income of $57 million during 2Q26, with an additional $42 million anticipated to be delivered by 4Q26

During 2Q26, we placed into service one development project aggregating 426,927 RSF that is 100% occupied by Bristol Myers Squibb at 4135 Campus Point Court in our University Town Center submarket and delivered incremental annual net operating income aggregating $57 million. Annual net operating income (cash basis) from recently delivered projects is expected to increase by $40 million upon the burn-off of initial free rent, which has a weighted-average remaining period of approximately five months. 79% of the RSF in our total development and redevelopment pipeline is within our Megacampus ecosystems.

Development and Redevelopment
Projects

Incremental

Annual Net
Operating Income

RSF

Occupied/

Leased/

Negotiating

Percentage

(dollars in millions)

Placed into service in 1H26

$                      58

532,219

91 %

Expected to be placed into service:

 2H26

$                      42

(1)

174,662

(2)

84 %

(3)

 2027–2028

93

1,258,004

68 %

$                    135

(1)

Includes expected partial deliveries through 2026 from projects expected to stabilize in 2027–2028, including speculative future leasing that is not yet fully committed. Refer to the initial and stabilized occupancy years under "New Class A/A+ development and redevelopment properties: under construction" in the Supplemental Information for additional details.

(2)

Represents the RSF of projects expected to stabilize in 2026. Does not include RSF for partial deliveries through 2026 from projects expected to stabilize in 2027–2028.

(3)

Represents the current leased/negotiating percentage of our 174,662 RSF development project that is expected to stabilize in 4Q26.

Continued successful management of general and administrative expenses

General and administrative expenses for 2Q26 aggregated $36.9 million, an increase of $7.7 million, or 26.5%, from 2Q25, but a decrease of $7.8 million, or 17.4%, from 2Q24, reflecting the continued benefit from cost‑efficiency initiatives implemented in prior years. Some of the cost savings in 2025 were temporary, and approximately half of the cost reductions achieved in 2025 are expected to continue in 2026. Compared to 2024, we continue to expect approximately $76 million of cumulative general and administrative expense savings in 2025 and 2026 (based on the midpoint of our 2026 guidance range). For the trailing twelve months ended June 30, 2026, our general and administrative expenses represented 6.6% of net operating income, approximately half the average of other S&P 500 REITs for 2023–2025. Key capital events

In July 2026, we executed an agreement to amend our $5.0 billion unsecured senior line of credit. The amendment is expected to become effective in September 2026, upon the satisfaction of certain conditions. The amendment extends the maturity date from January 22, 2030 to January 22, 2032, including extension options that we control. In addition, the amendment reduces the applicable borrowing rate to SOFR plus 0.725% from the currently applicable SOFR plus 0.835%. In connection with the amendment, we expect to recognize a loss on early extinguishment of debt of approximately $3.3 million related to the partial write-off of unamortized loan fees in 3Q26. In April 2026, we repaid, upon maturity, $350.0 million of 3.80% unsecured senior notes payable. The repayment was funded temporarily with borrowings under our commercial paper program, which will be repaid through planned dispositions, sales of partial interests, and other capital sources included in our 2026 guidance. No gain or loss was incurred in connection with this repayment. Under our common stock repurchase program authorized in December 2025, we may repurchase up to $500.0 million of our common stock through December 31, 2026. As of June 30, 2026, no shares have been repurchased under this program and $500.0 million remains available for future share repurchases. Dividend strategy to share net cash flows from operating activities with stockholders while retaining a significant portion for reinvestment

Common stock dividend declared of $0.72 per share for 2Q26, consistent with the preceding quarter. The declared dividend per common share reflects our commitment to maintaining the strength of our balance sheet, enhancing financial flexibility, preserving liquidity, and sharing cash flows with our stockholders. Significant net cash provided by operating activities, as adjusted, retained for reinvestment aggregating $2.60 billion for the years ended December 31, 2022 through 2025 and the midpoint of our 2026 guidance range. Dividend yield of 5.4% as of June 30, 2026 and dividend payout ratio of 42% for the three months ended June 30, 2026. Investments

As of June 30, 2026: Our non-real estate investments aggregated $1.69 billion. Unrealized gains presented in our consolidated balance sheet were $223.9 million, comprising gross unrealized gains and losses aggregating $290.5 million and $66.6 million, respectively. Investment income of $133.2 million for 2Q26, presented in our consolidated statement of operations, consisted of $10.3 million of realized gains, $131.9 million of unrealized gains, and $9.0 million of impairment charges. 2026 Guidance
June 30, 2026
(Dollars in millions, except per share amounts)

Guidance for 2026 has been updated to reflect our current view of existing market conditions and assumptions for the year ending December 31, 2026. There can be no assurance that actual results will not be materially higher or lower than these expectations. Our guidance for 2026 is subject to a number of variables and uncertainties. Refer to our discussion of "forward-looking statements" in this Earnings Press Release as well as our SEC filings, including our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.

Projected 2026 Funds From Operations per Share Attributable to Alexandria's Common Stockholders – Diluted

As of 8/3/26

As of 4/27/26

Key Changes

Funds from operations per share, as adjusted(1)

$6.35 to $6.45

$6.30 to $6.50

No change to midpoint;

range narrowed by 10 cents(2)

Midpoint

$6.40

$6.40

Key Credit Metrics Targets                                                                                                                                               

As of 8/3/26

As of 4/27/26

Key Changes

Net debt and preferred stock to Adjusted EBITDA – 4Q26 annualized

5.6x to 6.2x

5.6x to 6.2x

No Change

Fixed-charge coverage ratio – 4Q26 annualized

3.6x to 4.1x

3.6x to 4.1x

As of 8/3/26

As of 4/27/26
Midpoint

Key Sources and Uses of Capital                                             

Range

Midpoint

Certain
Completed Items

Sources of capital:

 Net cash provided by operating activities, as adjusted

$        475

$        575

$        525

$            525

 Dispositions, sales of partial interests, and other capital sources(3)

2,100

3,700

2,900

(3)

2,900

Total sources of capital

$     2,575

$     4,275

$     3,425

$         3,425

Uses of capital:

 Construction(4)(5)

$     1,500

$     2,000

$     1,750

$         1,750

 Reduction in unsecured senior debt

1,075

2,275

1,675

See below

1,675

Total uses of capital

$     2,575

$     4,275

$     3,425

$         3,425

Reduction in unsecured senior debt (included above):

Repayment of unsecured senior notes payable with 2026 maturities

$        650

$        650

$        650

$

650

$            650

Tender offers for partial principal repayments of unsecured senior notes payable

952

952

952

$

952

952

Issuance of unsecured senior notes payable

(750)

(750)

(750)

$

(750)

(750)

Unsecured senior line of credit, commercial paper, and other

223

1,423

823

823

Reduction in unsecured senior debt

$     1,075

$     2,275

$     1,675

$         1,675

Refer to "Definitions and reconciliations" in the Supplemental Information for additional details on key credit metrics.

(1)

Refer to "Funds from operations and funds from operations, as adjusted, attributable to Alexandria Real Estate Equities, Inc.'s common stockholders" under "Definitions and reconciliations" in the Supplemental Information for additional details.

(2)

Refer to "2026 and 4Q26 funds from operations per share – diluted, as adjusted" below for additional details.

(3)

For the year ending December 31, 2026, we may utilize multiple sources of capital, including land and non-core dispositions, sales of partial interests, and other capital sources, to fund (i) construction focused on highly leased developments and lease-up of vacant space, and (ii) repayment of senior unsecured debt sufficient to achieve our net debt and preferred stock to Adjusted EBITDA – 4Q26 annualized target of 5.6x to 6.2x. We continue to evaluate available alternatives and expect to execute on varied cost-efficient sources of capital under prevailing market conditions. We do not anticipate the issuance of any common equity during the year ending December 31, 2026. As of August 3, 2026, completed dispositions aggregated $170.4 million, our share of pending dispositions and sales of partial interests subject to non-refundable deposits, signed letters of intent, or purchase and sale agreement negotiations aggregated $1.16 billion, and in-process dispositions, sales of partial interests, and other capital sources aggregated $1.10 billion, with the remaining $471.0 million representing multiple alternatives that we are currently evaluating.

(4)

We are currently evaluating our future construction spending estimates for 2027, and a number of factors could cause our preliminary estimates for 2027 to change as we refine our estimates over the next several months. As of August 3, 2026, our updated estimate of 2027 construction spending assumes a decline of $100 million to $600 million (relative to the $1.75 billion midpoint of our 2026 guidance range), resulting in an expected range of $1.15 billion to $1.65 billion, subject to market conditions. The updates to our 2027 construction spending outlook primarily reflect additional leasing activity since 1Q26, including recently executed leases and leases currently under negotiation, which has refined our expectations regarding the amount and timing of 2027 construction spending.

(5)

We expect 2027 construction spending to primarily focus on: (i) construction spending required to complete our development and redevelopment projects that are expected to stabilize through 2028 and are 71% leased, (ii) five projects under evaluation which may require significant capital to complete, and (iii) revenue- and non-revenue-enhancing capital expenditures, in order to secure leasing of vacant space and renewals and re-leasing of space at our operating properties.

As of 8/3/26

As of 4/27/26

Key Changes

to Midpoint

Key Assumptions

Low

High

Low

High

Occupancy of operating properties as of December 31, 2026

86.2 %

(1)

87.8 %

(1)

86.2 %

87.8 %

No Change

Same property performance:

 Net operating income changes

(10.5) %

(1)

(8.5) %

(1)

(10.5) %

(8.5) %

 Net operating income changes (cash basis)

(10.5) %

(1)

(8.5) %

(1)

(10.5) %

(8.5) %

Lease renewals and re-leasing of space:

 Rental rate changes

(9.0) %

(1.0) %

(9.0) %

(1.0) %

 Rental rate changes (cash basis)

(15.0) %

(7.0) %

(15.0) %

(7.0) %

Straight-line rent revenue

$           45

$           75

$           55

$          85

$10 million reduction(2)

General and administrative expenses

$         134

$         154

$         134

$        154

No Change

Capitalization of interest

$         220

$         260

$         225

$        265

$5 million reduction(3)

Interest expense

$         260

$         300

$         240

$        280

$20 million increase(4)

Realized gains on non-real estate investments(5)

$           60

$           90

$           60

$          90

No Change

(1)

Our guidance for occupancy of operating properties as of December 31, 2026, and for 2026 same property net operating income changes assumes a benefit of approximately 1% and 2%, respectively, related to a range of assets with vacancy that could potentially be sold during 2026 and/or qualify for classification as held for sale by December 31, 2026, but that had not yet met such criteria as of June 30, 2026.

(2)

Reduction driven primarily by write-offs and reserves of deferred rent related to tenant wind-downs. Our 2026 guidance continues to assume a $25 million to $30 million reduction in funds from operations related to potential tenant wind-downs, of which approximately $14 million was recognized during 1H26, including approximately $8 million recognized in 2Q26.

(3)

Reduction driven primarily by the achievement of certain milestone dates across several projects impacting 4Q26, including a potential decline related to projects for which we are evaluating business and financial strategies. Refer to the discussion of "2026 and 4Q26 funds from operations per share – diluted, as adjusted" and "Capitalization of interest" below, and "Capitalization of interest" in the Supplemental Information for additional details.

(4)

Includes: (i) an approximate $15 million increase resulting primarily from a shift of approximately six weeks in the weighted-average projected completion date of our 2026 dispositions, sales of partial interests, and other capital sources, from August 2026 to September 2026, and (ii) an approximate $5 million increase resulting primarily from the reduction in 2026 capitalization of interest in 4Q26 discussed in the footnote above.

(5)

Represents realized gains and losses included in funds from operations per share – diluted, as adjusted. Excludes unrealized gains and losses and significant gains and impairments realized on non-real estate investments, if any. Refer to "Investments" in the Supplemental Information for additional details.

2026 and 4Q26 funds from operations per share – diluted, as adjusted

On April 27, 2026, we provided a guidance range of $6.30 to $6.50 for projected 2026 funds from operations per share – diluted, as adjusted. On August 3, 2026, we narrowed this range to $6.35 to $6.45 while maintaining the midpoint of $6.40. Our outlook includes the following assumptions: The $6.40 midpoint of the guidance range for 2026 funds from operations per share – diluted, as adjusted, remains unchanged, as we expect the benefit from the later dispositions, sales of partial interests, and other capital sources to substantially offset the higher interest expense and lower capitalization of interest for 2026. The narrowed guidance range reflects additional visibility into our full-year outlook. We expect higher 3Q26 funds from operations per share – diluted, as adjusted, than previously assumed due to the approximately six-week shift in the weighted-average projected completion date of the dispositions, sales of partial interests, and other capital sources assumed at the midpoint of our 2026 guidance, from August to September 2026. During 4Q26, we expect lower capitalization of interest than previously assumed primarily driven by the achievement of certain milestone dates across several projects, including a potential decline related to projects for which we are evaluating business and financial strategies. The lower capitalized interest is expected to result in our 4Q26 funds from operations per share – diluted, as adjusted, being at the lower end of our previously provided, and now reiterated, range of $1.40 to $1.50. 1)   Development-related other income

During 1H26, we recognized development fees and other related revenues of approximately $5.6 million, or $11 million annualized, most of which are expected to cease by the end of 2026 as we complete the respective projects. 2)   Development and redevelopment projects under business and financial strategy evaluation

We have five development and redevelopment projects for which the business and financial strategies continue to be evaluated, including whether to continue construction of laboratory improvements, pause construction, pursue lower-investment construction alternatives (including a pivot to advanced technology use), or pursue a disposition. Refer to "New Class A/A+ development and redevelopment properties: under construction" in the Supplemental Information for additional details. If we elect to continue to pursue construction of laboratory improvements for these projects, the earliest deliveries of these projects are in 2028. If we elect to pursue lower-investment construction alternatives (including a pivot to advanced technology use), these projects could deliver earlier than 2028. The incremental capital required for alternative-use construction, and corresponding rental rates earned, are generally lower than those associated with laboratory improvements. In 2Q26, we executed a lease with an advanced technology tenant at the 3000 Minuteman Road redevelopment project in our Greater Boston market. This lease is for a lower-cost alternative use at lower rental rates and stabilized yields than our initial underwriting. Therefore, we placed one building at our 3000 Minuteman Road redevelopment project, aggregating 159,947 RSF, back into operation this quarter and included it in our operating occupancy as of June 30, 2026. Refer to the Earnings Press Release and "Leasing Activity" in the Supplemental Information for additional details. In addition, we have signed letters of intent at our 311 Arsenal Street redevelopment project for non-laboratory use, including advanced technology uses, aggregating 108,800 RSF. If we are successful in executing these potential leases for advanced technology use, we expect lower rental rates and stabilized yields than our initial underwriting.   3)   Capitalization of interest

We expect average real estate basis capitalized to decline from $6.94 billion for 1H26 to an updated range of $3.4 billion to $4.9 billion for 4Q26, primarily driven by the achievement of certain milestone dates across several projects due to deliveries of development and redevelopment projects, deliveries of leased vacant space under construction, and pauses in construction and pre-construction activities, including a potential decline related to projects for which we are evaluating business and financial strategies. The updated range for 4Q26 represents a $400 million reduction (at the midpoint) from the projected range of $3.8 billion to $5.3 billion that was previously disclosed on April 27, 2026. Refer to "Capitalization of interest" in the Supplemental Information for additional details. At each milestone date, we evaluate, on an asset-by-asset basis, whether to (i) proceed with additional pre-construction and/or construction activities based on leasing demand and/or market conditions, (ii) pause future investments, or (iii) consider potential dispositions of these real estate assets. If we cease the activities necessary to prepare a project for its intended use, costs related to such project, including interest, payroll, property taxes, insurance, and other costs directly related and essential to the construction of Class A/A+ properties, are expensed as incurred. Annualized capitalized operating expenses and payroll represent approximately 2% and 1%, respectively, of the total average real estate basis subject to capitalization for 1H26. 4)   2Q26 Key lease expirations

We estimate 451 thousand RSF and 1.4 million RSF of leases expiring in 2026 and 2027 with approximately $18.1 million and $100.5 million of annual rental revenue, respectively, to have downtime after lease expiration. These 2026 and 2027 expirations have weighted-average contractual lease expiration dates of August 2026 and March 2027, respectively, and expected weighted-average downtime of 12 to 24 months. Refer to "Contractual lease expirations" in the Supplemental Information for additional details. Key Lease Expirations

RSF

Annual Rental
Revenue

Weighted-Average
Expiration Date

Weighted-Average
Downtime

2026

451,450

$18.1 million

August 2026

12 to 24 months

2027

1,377,960

$100.5 million

March 2027

12 to 24 months

5)   Dispositions, sales of partial interests, and other capital sources

We may utilize multiple sources of capital, including land dispositions, non-core dispositions, sales of partial interests, and other capital sources to support the achievement of our leverage ratio targets beyond 2026, given (i) key lease expirations in 2027 with downtime and the factors previously described that could negatively impact EBITDA, (ii) construction spending required to complete our development and redevelopment projects that are expected to stabilize through 2028 and are 71% leased, and (iii) revenue- and non-revenue-enhancing capital expenditures required to secure leasing of vacant space and renewals and re-leasing of space at our operating properties. Refer to footnotes 4 and 5 under "Key sources and uses of capital" above for additional details. We expect to introduce 2027 guidance and related key assumptions, and 2027 key sources and uses of capital at our Investor Day on December 2, 2026, consistent with our historical practice.

Dispositions, Sales of Partial Interests, and Other Capital Sources
June 30, 2026
(Dollars in thousands)

Date of
Transaction

Interest
Sold

Square Footage

Capitalization
Rate

Capitalization
Rate

(Cash Basis)

Price

(Our Share)

Property

Submarket/Market

Operating

Future
Development

Completed in 2Q26 and 1H26

$           7,350

Completed in July 2026:

Land:

3825 and 3875 Fabian Way(1)

Palo Alto/San Francisco Bay Area

7/14/26

100 %

228,000

250,000

N/A(1)

163,000

Total completed 2026 dispositions as of August 3, 2026

170,350

Our share of pending dispositions and sales of partial interests subject to non-refundable deposits,
    signed letters of intent, and/or purchase and sale agreement negotiations

1,158,626

1,328,976

Dispositions, sales of partial interests, and other capital sources in process

1,100,000

Multiple alternatives under evaluation

471,024

$    2,900,000

2026 guidance range for dispositions, sales of partial interests, and other capital sources(2)

$2,100,000 – $3,700,000   

Midpoint

$    2,900,000

Weighted-average projected completion date of 2026 dispositions, sales of partial interests, and other capital sources

September 2026   

(1)

Represents one future development project aggregating 250,000 SF at 3825 Fabian Way and one operating building aggregating 228,000 RSF at 3875 Fabian Way in our Palo Alto submarket. These assets were acquired in 2019 with the intent to develop them for life science use. However, due to the project's macroeconomic outlook, the assets no longer aligned with our strategy and were sold to a residential developer. Based on 2Q26 annualized results, the assets generated approximately $6.2 million of annual net operating income.

(2)

For the year ending December 31, 2026, we may utilize multiple sources of capital, including land and non-core dispositions, sales of partial interests, and other capital sources, to fund (i) construction focused on highly leased developments and lease-up of vacant space, and (ii) repayment of senior unsecured debt sufficient to achieve our net debt and preferred stock to Adjusted EBITDA – 4Q26 annualized target of 5.6x to 6.2x. We continue to evaluate available alternatives and expect to execute on varied cost-efficient sources of capital under prevailing market conditions. We do not anticipate the issuance of any common equity during the year ending December 31, 2026.

Earnings Call Information and About the Company
June 30, 2026

We will host a conference call on Tuesday, August 4, 2026, at 2:00 p.m. Eastern Time ("ET")/11:00 a.m. Pacific Time ("PT"), which is open to the general public, to discuss our financial and operating results for the second quarter ended June 30, 2026. To participate in this conference call, dial (833) 366-1125 or (412) 902-6738 shortly before 2:00 p.m. ET/11:00 a.m. PT and ask the operator to join the call for Alexandria Real Estate Equities, Inc. The audio webcast can be accessed at www.are.com in the "For Investors" section. A replay of the call will be available for a limited time from 4:00 p.m. ET/1:00 p.m. PT on Tuesday, August 4, 2026. The replay number is (855) 669-9658 or (412) 317-0088, and the access code is 5367901.

Additionally, a copy of this Earnings Press Release and Supplemental Information for the second quarter ended June 30, 2026 is available in the "For Investors" section of our website at www.are.com or by following this link: https://www.are.com/fs/2026q2.pdf. 

For any questions, please contact [email protected]; Joel S. Marcus, executive chairman and founder; Peter M. Moglia, chief executive officer and chief investment officer; Marc E. Binda, chief financial officer and treasurer; or Paula Schwartz, managing director of Rx Communications Group, at (917) 633-7790.

About the Company

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City. As of June 30, 2026, Alexandria has a total market capitalization of $21.84 billion and an asset base that includes 36.0 million RSF of operating properties and 2.8 million RSF of Class A/A+ properties undergoing construction. Alexandria has a long-standing and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. For more information on Alexandria, please visit www.are.com. 

Forward-Looking Statements

This document includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding our projected 2026 funds from operations per share, projected 2026 funds from operations per share, as adjusted, projected net operating income, and our projected sources and uses of capital. You can identify the forward-looking statements by their use of forward-looking words, such as "forecast," "guidance," "goals," "projects," "estimates," "anticipates," "believes," "expects," "intends," "may," "plans," "seeks," "should," "targets," or "will," or the negative of those words or similar words. These forward-looking statements are based on our current expectations, beliefs, projections, future plans and strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, as well as a number of assumptions concerning future events. There can be no assurance that actual results will not be materially higher or lower than these expectations. These statements are subject to risks, uncertainties, assumptions, and other important factors that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, without limitation, our failure to obtain capital (debt, construction financing, and/or equity) or refinance debt maturities, lower than expected yields, increased interest rates and operating costs, adverse economic or real estate developments in our markets, our failure to successfully place into service and lease any properties undergoing development or redevelopment and our existing space held for future development or redevelopment (including new properties acquired for that purpose), our failure to successfully operate or lease acquired properties, decreased rental rates, increased vacancy rates or failure to renew or replace expiring leases, defaults on or non-renewal of leases by tenants, adverse general and local economic conditions, an unfavorable capital market environment, decreased leasing activity or lease renewals, failure to obtain LEED and other healthy building certifications and efficiencies, and other risks and uncertainties detailed in our filings with the Securities and Exchange Commission ("SEC"). Accordingly, you are cautioned not to place undue reliance on such forward-looking statements. All forward-looking statements are made as of the date of this Earnings Press Release and Supplemental Information, and unless otherwise stated, we assume no obligation to update this information and expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in our forward-looking statements, and risks to our business in general, please refer to our SEC filings, including our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.

This document is not an offer to sell or a solicitation to buy securities of Alexandria Real Estate Equities, Inc. Any offers to sell or solicitations to buy our securities shall be made only by means of a prospectus approved for that purpose. Unless otherwise indicated, the "Company," "Alexandria," "ARE," "we," "us," and "our" refer to Alexandria Real Estate Equities, Inc. and our consolidated subsidiaries. Alexandria®, Lighthouse Design® logo, Building the Future of Life-Changing Innovation®, That's What's in Our DNA®, Megacampus™, At the Vanguard and Heart of the Life Science Ecosystem™, Alexandria Center®, Alexandria Technology Square®, Alexandria Technology Center®, and Alexandria Innovation Center® are copyrights and trademarks of Alexandria Real Estate Equities, Inc. All other company names, trademarks, and logos referenced herein are the property of their respective owners.

Consolidated Statements of Operations
June 30, 2026
(Dollars in thousands, except per share amounts)

Three Months Ended

Six Months Ended

6/30/26

3/31/26

12/31/25

9/30/25

6/30/25

6/30/26

6/30/25

Revenues:

 Income from rentals

$    643,210

$    653,013

$    728,872

$    735,849

$    737,279

$  1,296,223

$  1,480,454

 Other income

19,574

18,009

25,542

16,095

24,761

37,583

39,744

Total revenues

662,784

671,022

754,414

751,944

762,040

1,333,806

1,520,198

Expenses:

 Rental operations

207,336

224,142

232,543

239,234

224,433

431,478

450,828

 General and administrative

36,861

34,685

28,020

29,224

29,128

71,546

59,803

 Interest

64,342

64,584

65,674

54,852

55,296

128,926

106,172

 Depreciation and amortization

304,384

305,441

322,063

340,230

346,123

609,825

688,185

 Impairment of real estate

222,470

5,499

1,717,188

323,870

129,606

227,969

161,760

Total expenses

835,393

634,351

2,365,488

987,410

784,586

1,469,744

1,466,748

Equity in earnings (losses) of unconsolidated real estate joint ventures

413

(147)

(304)

201

(9,021)

266

(9,528)

Investment income (losses)

133,227

(4,582)

(3,890)

28,161

(30,622)

128,645

(80,614)

Gain (loss) on early extinguishment of debt

—

366,435

—

(107)

—

366,435

—

Gain on sales of real estate

—

—

619,914

9,366

—

—

13,165

Net (loss) income

(38,969)

398,377

(995,354)

(197,845)

(62,189)

359,408

(23,527)

Net income attributable to noncontrolling interests

(33,814)

(36,724)

(85,521)

(34,909)

(44,813)

(70,538)

(92,414)

Net (loss) income attributable to Alexandria Real Estate Equities, Inc.'s
    stockholders

(72,783)

361,653

(1,080,875)

(232,754)

(107,002)

288,870

(115,941)

Net income attributable to unvested restricted stock awards

(908)

(2,779)

(965)

(2,183)

(2,609)

(2,149)

(5,269)

Net (loss) income attributable to Alexandria Real Estate Equities, Inc.'s
    common stockholders

$    (73,691)

$    358,874

$ (1,081,840)

$   (234,937)

$   (109,611)

$    286,721

$   (121,210)

Net (loss) income per share attributable to Alexandria Real Estate Equities,
    Inc.'s common stockholders:

 Basic

$        (0.43)

$          2.10

$          (6.35)

$         (1.38)

$         (0.64)

$          1.68

$         (0.71)

 Diluted

$        (0.43)

$          2.10

$          (6.35)

$         (1.38)

$         (0.64)

$          1.68

$         (0.71)

Weighted-average shares of common stock outstanding:

 Basic

170,718

170,598

170,394

170,181

170,135

170,658

170,328

 Diluted

170,718

170,867

170,394

170,181

170,135

171,040

170,328

Dividends declared per share of common stock

$         0.72

$          0.72

$           0.72

$          1.32

$          1.32

$          1.44

$          2.64

Consolidated Balance Sheets
June 30, 2026
(In thousands)

6/30/26

3/31/26

12/31/25

9/30/25

6/30/25

Assets

Investments in real estate

$ 29,125,895

$ 28,830,116

$ 28,689,996

$ 31,743,917

$ 32,160,600

Investments in unconsolidated real estate joint ventures

28,910

30,520

30,677

39,601

40,234

Cash and cash equivalents

470,449

418,720

549,062

579,474

520,545

Restricted cash

4,690

4,665

4,693

4,705

7,403

Tenant receivables

7,661

7,362

6,672

6,409

6,267

Deferred rent

1,209,722

1,200,047

1,179,403

1,257,378

1,232,719

Deferred leasing costs

453,761

456,405

458,311

505,241

491,074

Investments

1,685,695

1,536,419

1,501,249

1,537,638

1,476,696

Other assets

1,645,443

1,683,143

1,661,772

1,700,785

1,688,091

Total assets

$ 34,632,226

$ 34,167,397

$ 34,081,835

$ 37,375,148

$ 37,623,629

Liabilities, Noncontrolling Interests, and Equity

Secured notes payable

$               —

$               —

$               —

$               —

$      153,500

Unsecured senior notes payable

10,818,366

11,166,009

12,047,394

12,044,999

12,042,607

Unsecured senior line of credit and commercial paper

1,994,508

1,353,986

353,161

1,548,542

1,097,993

Accounts payable, accrued expenses, and other liabilities

2,513,526

2,154,782

2,397,073

2,432,726

2,360,840

Dividends payable

130,468

128,880

127,771

230,603

229,686

Total liabilities

15,456,868

14,803,657

14,925,399

16,256,870

15,884,626

Commitments and contingencies

Redeemable noncontrolling interests

9,119

9,234

58,788

58,662

9,612

Alexandria Real Estate Equities, Inc.'s stockholders' equity:

 Common stock

1,707

1,707

1,705

1,703

1,701

 Additional paid-in capital

15,585,296

15,763,321

15,497,760

16,669,802

17,200,949

 Accumulated other comprehensive loss

(33,027)

(30,936)

(29,395)

(32,203)

(27,415)

Alexandria Real Estate Equities, Inc.'s stockholders' equity

15,553,976

15,734,092

15,470,070

16,639,302

17,175,235

Noncontrolling interests

3,612,263

3,620,414

3,627,578

4,420,314

4,554,156

Total equity

19,166,239

19,354,506

19,097,648

21,059,616

21,729,391

Total liabilities, noncontrolling interests, and equity

$ 34,632,226

$ 34,167,397

$ 34,081,835

$ 37,375,148

$ 37,623,629

Funds From Operations and Funds From Operations per Share
June 30, 2026
(In thousands)

The following table presents a reconciliation of net income (loss) attributable to Alexandria's common stockholders, the most directly comparable financial measure presented in accordance with U.S. generally
accepted accounting principles ("GAAP"), including our share of amounts from consolidated and unconsolidated real estate joint ventures, to funds from operations attributable to Alexandria's common
stockholders – diluted, and funds from operations attributable to Alexandria's common stockholders – diluted, as adjusted, for the periods below:

Three Months Ended

Six Months Ended

6/30/26

3/31/26

12/31/25

9/30/25

6/30/25

6/30/26

6/30/25

Net (loss) income attributable to Alexandria's common stockholders – basic and diluted

$   (73,691)

$  358,874

$         (1,081,840)

$ (234,937)

$ (109,611)

$   286,721

$ (121,210)

 Depreciation and amortization of real estate assets

302,238

303,296

319,865

338,182

343,729

605,534

683,110

 Noncontrolling share of depreciation and amortization from consolidated real estate JVs

(31,518)

(29,473)

(39,942)

(45,327)

(36,047)

(60,991)

(69,458)

 Our share of depreciation and amortization from unconsolidated real estate JVs

805

914

855

852

942

1,719

1,996

 Gain on sales of real estate

—

—

(307,132)

(9,824)

—

—

(13,165)

 Impairment of real estate – rental properties and land

222,470

(1)

5,499

1,439,303

323,870

131,090

227,969

131,090

 Allocation to unvested restricted stock awards

(2,201)

(2,181)

(1,903)

(1,648)

(1,222)

(5,877)

(1,916)

Funds from operations attributable to Alexandria's common stockholders – diluted(2)

418,103

636,929

329,206

371,168

328,881

1,055,075

610,447

 Unrealized (gains) losses on non-real estate investments

(131,933)

10,332

(98,548)

(18,515)

21,938

(121,601)

90,083

 Significant realized losses on non-real estate investments

—

—

103,329

—

—

—

—

 Impairment of non-real estate investments

8,998

(3)

12,448

20,181

25,139

39,216

21,446

50,396

 Impairment of real estate

—

—

12,619

—

7,189

—

39,343

 (Gain) loss on early extinguishment of debt

—

(366,435)

—

107

—

(366,435)

—

 Acceleration of stock compensation expense due to executive officer resignation

—

—

2,455

—

—

—

—

 (Decrease) increase in provision for expected credit losses on financial instruments

—

—

(341)

—

—

—

285

 Allocation to unvested restricted stock awards

909

2,674

(363)

(74)

(794)

3,541

(2,116)

Funds from operations attributable to Alexandria's common stockholders – diluted, as
   adjusted

$   296,077

$  295,948

$             368,538

$  377,825

$  396,430

$   592,026

$  788,438

Refer to "Definitions and reconciliations" in the Supplemental Information for additional details.

(1)

Primarily reflects impairment charges to reduce the carrying amounts of the following real estate assets classified as held for sale as of 2Q26 to their respective estimated fair values less costs to sell, including (i) $64.2 million related to a land parcel in Sorrento Mesa that is expected to be sold to a residential developer, (ii) $61.6 million, including $8.9 million attributable to foreign currency translation, related to one operating property in Canada, which was classified as held for sale following our decision to sell the asset and reallocate the substantial near-term capital that its redevelopment would have required toward other projects with greater value-creation opportunities, (iii) $28.2 million related to one land parcel and five operating properties, primarily comprising non-laboratory space, in our Sorrento Valley submarket, which were 30% occupied as of 2Q26, had a weighted-average lease term of 2.4 years, and would have required significant capital investment to convert to laboratory use, and (iv) $24.8 million related to one vacant office property, aggregating 104,956 RSF, in the Cambridge submarket of our Greater Boston market, for which we elected not to pursue a conversion to laboratory space.

(2)

Calculated in accordance with standards established by the Nareit Board of Governors.

(3)

Primarily related to two non-real estate investments in privately held entities that do not report NAV.

The following table presents a reconciliation of net income (loss) per share attributable to Alexandria's common stockholders, the most directly comparable financial measure presented in accordance with GAAP, including our share of amounts from consolidated and unconsolidated real estate joint ventures, to funds from operations per share attributable to Alexandria's common stockholders – diluted, and funds from operations per share attributable to Alexandria's common stockholders – diluted, as adjusted, for the periods below. Per share amounts may not add due to rounding.

Three Months Ended

Six Months Ended

6/30/26

3/31/26

12/31/25

9/30/25

6/30/25

6/30/26

6/30/25

Net (loss) income per share attributable to Alexandria's common stockholders – diluted

$     (0.43)

$      2.10

$     (6.35)

$     (1.38)

$     (0.64)

$      1.68

$     (0.71)

 Depreciation and amortization of real estate assets

1.59

1.61

1.65

1.73

1.81

3.19

3.61

 Gain on sales of real estate

—

—

(1.80)

(0.06)

—

—

(0.08)

 Impairment of real estate – rental properties and land

1.30

0.03

8.45

1.90

0.77

1.33

0.77

 Allocation to unvested restricted stock awards

(0.02)

(0.01)

(0.02)

(0.01)

(0.01)

(0.03)

(0.01)

Funds from operations per share attributable to Alexandria's common stockholders –
   diluted

2.44

3.73

1.93

2.18

1.93

6.17

3.58

 Unrealized (gains) losses on non-real estate investments

(0.77)

0.06

(0.58)

(0.11)

0.13

(0.71)

0.53

 Significant realized losses on non-real estate investments

—

—

0.61

—

—

—

—

 Impairment of non-real estate investments

0.05

0.07

0.12

0.15

0.23

0.13

0.30

 Impairment of real estate

—

—

0.07

—

0.04

—

0.23

 (Gain) loss on early extinguishment of debt

—

(2.14)

—

—

—

(2.14)

—

 Acceleration of stock compensation expense due to executive officer resignation

—

—

0.01

—

—

—

—

 Allocation to unvested restricted stock awards

0.01

0.01

—

—

—

0.01

(0.01)

Funds from operations per share attributable to Alexandria's common stockholders –
   diluted, as adjusted

$      1.73

$      1.73

$      2.16

$      2.22

$      2.33

$      3.46

$      4.63

Weighted-average shares of common stock outstanding – diluted

 Earnings per share – diluted

170,718

170,867

170,394

170,181

170,135

171,040

170,328

 Funds from operations – diluted, per share

171,210

170,867

170,504

170,305

170,192

171,040

170,390

 Funds from operations – diluted, as adjusted, per share

171,210

170,867

170,504

170,305

170,192

171,040

170,390

Refer to "Definitions and reconciliations" in the Supplemental Information for additional details.

SOURCE Alexandria Real Estate Equities, Inc.

Posted by Defense World Staff on Jul 29th, 2026

Dimensional Fund Advisors LP raised its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,297,222 shares of the real estate investment trust’s stock after acquiring an additional 52,733 shares during the period. Dimensional Fund Advisors LP owned approximately 1.32% of Alexandria Real Estate Equities worth $106,638,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BOKF NA raised its holdings in shares of Alexandria Real Estate Equities by 6,033.3% during the third quarter. BOKF NA now owns 368 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 362 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Alexandria Real Estate Equities during the second quarter valued at $30,000. CIBC Private Wealth Group LLC boosted its holdings in Alexandria Real Estate Equities by 109.6% in the third quarter. CIBC Private Wealth Group LLC now owns 436 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 228 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in Alexandria Real Estate Equities in the second quarter valued at $33,000. Finally, Quarry LP purchased a new stake in Alexandria Real Estate Equities in the third quarter valued at $62,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

Alexandria Real Estate Equities Stock Up 5.1% ARE stock opened at $54.02 on Wednesday. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s fifty day moving average is $50.77 and its 200 day moving average is $50.39. The firm has a market cap of $9.41 billion, a PE ratio of -8.62, a P/E/G ratio of 6.26 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.73. The business had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company’s revenue was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.30 earnings per share. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current year.

Alexandria Real Estate Equities Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.72 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 5.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is -45.93%.

Wall Street Analyst Weigh In A number of equities analysts have weighed in on the company. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, May 19th. Weiss Ratings restated a “sell (d)” rating on shares of Alexandria Real Estate Equities in a research note on Friday, July 17th. Evercore raised their target price on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, July 1st. Cantor Fitzgerald reduced their price target on Alexandria Real Estate Equities from $60.00 to $43.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada decreased their price target on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Alexandria Real Estate Equities has a consensus rating of “Reduce” and an average price target of $51.08.

Read Our Latest Research Report on Alexandria Real Estate Equities

Insider Activity at Alexandria Real Estate Equities In other Alexandria Real Estate Equities news, EVP Gregory Calvin Thomas purchased 3,500 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was purchased at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the purchase, the executive vice president directly owned 33,024 shares in the company, valued at approximately $1,353,984. This trade represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Joel S. Marcus purchased 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average cost of $42.72 per share, with a total value of $320,400.00. Following the acquisition, the chairman directly owned 587,724 shares in the company, valued at $25,107,569.28. This trade represents a 1.29% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is owned by company insiders.

About Alexandria Real Estate Equities (Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.

Further Reading Five stocks we like better than Alexandria Real Estate Equities These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains

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Posted by Defense World Staff on Jul 29th, 2026

Arrowstreet Capital Limited Partnership acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 788,845 shares of the real estate investment trust’s stock, valued at approximately $36,618,000. Arrowstreet Capital Limited Partnership owned 0.45% of Alexandria Real Estate Equities as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alexandria Real Estate Equities by 102.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,245 shares of the real estate investment trust’s stock valued at $2,184,000 after acquiring an additional 11,762 shares in the last quarter. NewEdge Advisors LLC lifted its position in Alexandria Real Estate Equities by 4,261.1% during the first quarter. NewEdge Advisors LLC now owns 3,140 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 3,068 shares during the period. Empowered Funds LLC grew its stake in Alexandria Real Estate Equities by 4.8% during the first quarter. Empowered Funds LLC now owns 6,455 shares of the real estate investment trust’s stock worth $597,000 after buying an additional 296 shares in the last quarter. Woodline Partners LP grew its stake in Alexandria Real Estate Equities by 39.9% during the first quarter. Woodline Partners LP now owns 13,015 shares of the real estate investment trust’s stock worth $1,204,000 after buying an additional 3,714 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in Alexandria Real Estate Equities by 171.5% in the 1st quarter. Focus Partners Wealth now owns 6,591 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 4,163 shares during the period. Institutional investors and hedge funds own 96.54% of the company’s stock.

Analyst Ratings Changes ARE has been the subject of several analyst reports. Evercore boosted their target price on shares of Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Zacks Research cut shares of Alexandria Real Estate Equities from a “hold” rating to a “strong sell” rating in a research note on Friday, July 17th. Royal Bank Of Canada lowered their price objective on shares of Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research report on Tuesday, May 5th. Mizuho cut their target price on Alexandria Real Estate Equities from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, July 6th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Alexandria Real Estate Equities in a report on Monday. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $51.08.

Read Our Latest Research Report on ARE

Insider Activity In other news, CFO Marc E. Binda sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $54.00, for a total value of $108,000.00. Following the completion of the transaction, the chief financial officer owned 188,264 shares of the company’s stock, valued at $10,166,256. This represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Joel S. Marcus purchased 7,500 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of $42.72 per share, with a total value of $320,400.00. Following the purchase, the chairman directly owned 587,724 shares of the company’s stock, valued at approximately $25,107,569.28. The trade was a 1.29% increase in their position. The disclosure for this purchase is available in the SEC filing. 1.35% of the stock is currently owned by insiders.

Alexandria Real Estate Equities Stock Performance NYSE ARE opened at $54.02 on Wednesday. The firm’s fifty day moving average price is $50.77 and its two-hundred day moving average price is $50.39. The stock has a market cap of $9.41 billion, a PE ratio of -8.62, a PEG ratio of 6.26 and a beta of 1.17. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $39.41 and a fifty-two week high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.73. The company had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.30 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is -45.93%.

About Alexandria Real Estate Equities (Free Report)

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.

Recommended Stories Five stocks we like better than Alexandria Real Estate Equities These 3 Stocks Have Soared in 2026—Can They Keep Climbing? Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction Chips & Clips: Memory Tariffs Rewire Tech Supply Chains

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Key Takeaways Alexandria's Q2 results may show declines in revenues and adjusted FFO per share.Lease expirations and slow re-leasing could push occupancy down to an estimated 88.9%.ARE's revenues are expected to fall 14.8%, while adjusted FFO per share may drop 29.2%. Alexandria Real Estate Equities Inc. (ARE - Free Report) is scheduled to release its second-quarter 2026 results on Aug. 3, after the closing bell. Its quarterly results are likely to reflect a decline in revenues and funds from operations (FFO) per share.

In the last reported quarter, this Pasadena, CA-based life science real estate investment trust (REIT), focusing on collaborative life science, agtech and technology campuses in AAA innovation cluster locations, met the Zacks Consensus Estimate in terms of adjusted FFO per share. ARE’s performance in the quarter reflected lower occupancy, negative rental rates and higher interest expenses.

Alexandria has a decent surprise history. Over the preceding four quarters, its adjusted FFO per share surpassed the Zacks Consensus Estimate on two occasions, missed once and met in the remaining period, with the average miss of 0.42%. This is depicted in the graph below:

Factors at Play & Projections for AREARE owns a premium portfolio of Class A/A+ properties in the high-barrier-to-entry markets of the United States. This strategically located property base supports stable long-term demand from high-growth tenants. However, the company’s vast development pipeline exposes it to the risk of lease-up concerns.

The slow re-leasing of expiring spaces in its operating portfolio is likely to have pressured occupancy levels in the quarter under consideration, affecting its revenue growth. According to the first-quarter 2026 earnings call transcript, management had an additional 747,000 square feet of key lease expiries expected to go vacant in 2026, with about 45% of that expected expiring in the to-be-reported quarter, which is likely to weigh on occupancy for the second quarter of 2026.

Moreover, Alexandria’s same-property revenues are likely to have been adversely impacted owing to pressure on occupancy. For the second quarter of 2026, our estimate indicates a 9.3% decrease in same-store revenues and a 18% decline in same-store NOI.

The Zacks Consensus Estimate for Alexandria’s quarterly revenues currently stands at $649 million, suggesting a decrease of 14.8% from the prior-year period’s reported figure.

Alexandria’s activities in the to-be-reported quarter were adequate to garner analysts’ confidence. The Zacks Consensus Estimate for the quarterly adjusted FFO per share has increased a cent to $1.65 over the past month. However, the figure suggests a 29.2% decrease from the year-ago quarter’s tally.

What Our Quantitative Model Predicts for AREOur proven model does not conclusively predict a surprise in terms of FFO per share for Alexandria this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.

Alexandria currently has an Earnings ESP of +0.55% and has a Zacks Rank #5 (Strong Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks That Warrant a LookHere are two stocks from the broader REIT industry — Host Hotels & Resorts (HST - Free Report) and Lamar Advertising (LAMR - Free Report) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.

Host Hotels is slated to report quarterly numbers on Aug. 5. HST has an Earnings ESP of +1.73% and carries a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

LAMR, scheduled to report quarterly numbers on Aug. 6, has an Earnings ESP of +0.22% and a Zacks Rank of 3.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

Alexandria Real Estate: The Uncertainty Is Real, But The Discount Has Gone Too Far

NOTICE: Investors in Alexandria Real Estate Equities, Inc. (NYSE: ARE) shares should contact the Shareholders Foundation in connection with Law

6.7.2026 22:30

Americké akciové indexy vykázaly v úvodní seanci po prodlouženém víkendu kladnou bilanci v čele s technologickým Nasdaqem (+1,12 %). Širší index S&P500 přidal 0,72 % a Dow Jones 0,29 %. Mírný zisk registrovaly také dluhopisy vyjma nejdelších maturit. Výnos 10letého vládního bondu se posunul na 4,47 % z pátečních 4,48 %. V červeném uzavřely drahé kovy. Zlato odepsalo 0,3 % na 4162 USD/oz, stříbro končilo slabší o 0,64 % na 62 USD/oz. V energetickém sektoru se dařilo zemnímu plynu, který zpevnil téměř o 1,7 % na 3,25 USD/mmbtu. Ropa končila beze změny na 68,7 USD/barel.

Závěrečné hodnoty:

Index Dow Jones 0,29 % na 53055,91 b.
Index Nasdaq Composite 1,12 % na 26121,16 b.
Index S&P 500 +0,72 % na 7537,43 b.

Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Sektor komunikací +1,6 % Zdravotní péče -1,2 % Informační technologie +1,3 % Utility -1,1 % Nezbytná spotřeba +1 % Reality -0,9 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Arista Networks (ANET) +8,3 % O'Reilly Automotive (ORLY) -6,7 % Western Digital (WDC) +7,1 % AutoZone (AZO) -6,4 % Tesla (TSLA) +6,7 % Alexandria Real Estate Equities (ARE) -5,2 % Advanced Micro Devices (AMD) +6,6 % Constellation Brands (STZ) -4,9 % NetApp (NTAP) +6,1 % Tractor Supply (TSCO) -4,8 % Zdroj: Reuters

David Lamač
Fio banka, a.s.
Prohlášení

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, longest-tenured, and pioneering owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, today released its 2025 Corporate Responsibility Report, which details the company's consequentially integrated and multifaceted approach to advancing human health, enabling life-saving innovation, growing and strengthening ecosystems, improving patient outcomes and creating long-term value.

(PRNewsfoto/Alexandria Real Estate Equities, Inc.) Since the company's founding in 1994 with $19 million in Series A Capital, it has grown into an investment-grade S&P 500® REIT and one of the most trusted brands in life science. At the core of Alexandria's distinctive and formidable business strategy is its unparalleled ability to establish and maintain longstanding trusted relationships with leading life science entities, which has earned the company recognition as "One of the World's Most Trustworthy Companies" by Newsweek. Alexandria's consequential support of the life science industry has direct impact on translating discoveries into life-changing therapies. Nearly half of all the novel therapies approved by the U.S. Food and Drug Administration since 2013 have been marketed by Alexandria tenants. The company's highly differentiated Megacampus ecosystems are intentionally designed to fuel the critical drivers for scientific innovation; they foster collaboration, enhance tenant well-being and strengthen the recruitment and retention of top talent. Together, these create the critical drivers to support the development of life-changing therapies and reinforce Alexandria's mission-critical corporate responsibility strategy. The 2025 Corporate Responsibility Report highlights the company's pivotal Megacampus platform with an exploration of the iconic Campus Point by Alexandria Megacampus™ in San Diego, which exemplifies the company's novel cluster concept. Home to entities at the forefront of innovation such as Eli Lilly, Leidos, University of California, San Diego, Novartis and Bristol Myers Squibb, Campus Point by Alexandria is a leading-edge, highly sustainable 100-acre Megacampus strategically located within three miles of key research and academic institutions, providing direct access to world-class scientific research, highly skilled talent, collaborative innovation and ecosystem enhancing amenities.

"Corporate responsibility at Alexandria is not a separate initiative; it is a strategic business imperative that is deeply integrated into how we operate, allocate capital and create long-term value," said Marc Binda, chief financial officer and treasurer of Alexandria Real Estate Equities, Inc. "Our disciplined approach to corporate responsibility strengthens our competitive position, supports operational excellence and reinforces our ability to serve as the leading real estate partner to the life science industry while delivering long-term value. We are proud of the milestones we have achieved in 2025 and 2026 through our corporate responsibility platform and our mission-critical efforts to make a positive and lasting impact on society."

More than five decades after Genentech's pioneering work in recombinant DNA technology helped catalyze the biotechnology revolution, the need for innovation to address significant unmet medical need remains immense, with more than 90% of the 10,000 known diseases still lacking approved treatments. There continue to be extraordinary opportunities to translate scientific discovery into transformative therapies and cures, even while the life science industry navigates historic challenges within a shifting regulatory and geopolitical landscape amidst macroeconomic headwinds. Nevertheless, Alexandria continues its leadership at the vanguard of the life science ecosystem and maintains its steadfast commitment to growing and nurturing this mission-critical industry and advancing its highly consequential corporate responsibility and business strategy to advance human health and change the equation of human existence. The company's enduring business success is a testament to its collaborative growth-focused culture, egoless leadership and its best-in-class team's commitment to operational excellence.

Key accomplishments highlighted within the 2025 Corporate Responsibility Report include:

The Wall Street Journal listed Alexandria among the top 20 companies for talent readiness within their "Best Companies for the Future" list, underscoring the company's unique ability to attract, develop and retain top talent. The company's enduring business success is a testament to its collaborative growth-focused culture, egoless leadership and its best-in-class team's commitment to operational excellence (2026). Recognized as "One of the World's Most Trustworthy Companies" by Newsweek for the second consecutive year (2025), and "One of the Most Trustworthy Companies in America" by Newsweek for the fourth consecutive year, underscoring the company's unmatched ability to develop longstanding trusted relationships within the life science industry (2026). Named "One of the Most Charitable Companies in America" by Newsweek, which reinforces the deep dedication of Alexandria's best-in-class team to the company's corporate responsibility efforts and to helping drive scientific discoveries that address major healthcare challenges, empower future innovators, support the brave individuals who protect our freedom, and revitalize and strengthen the communities within which they live and work (2026). Joel S. Marcus, executive chairman and founder, was honored with the highly prestigious Richard J. Bolte Sr. Award from the Science History Institute in recognition of his consequential and long-term impact on the life science industry (2026). The Foundation for the National Institutes of Health awarded Alexandria the Charles A. Sanders, MD, Partnership Award in recognition of the company's significant contributions to accelerating biomedical innovation through its leadership in spearheading a public-private partnership to develop a precision medicine framework for depression. The Multi-Level Assessment & Phenotyping in Depression project aims to advance the development of treatments for major depressive disorder to validate biomarkers for depression and ultimately advance the development of new treatments for major depressive disorder at the individual patient level (2025). Deepened commitment to STEM education and future scientific talent through the ARE Learning Lab at the Fred Hutch Cancer Center in Seattle, which Alexandria designed and developed in partnership with the Fred Hutch Cancer Center (2025). Receipt of the GRESB Green Star designation for the ninth consecutive year and an "A" disclosure score for the eighth consecutive year (2025), and a Best in Building Health Fitwel Innovation award (2026). Reduced operational greenhouse gas (GHG) emissions intensity by 16% from 2022, including through continued consumption of renewable electricity representing 32% of total electricity consumption in 2025. Alexandria's one-of-a-kind Megacampus ecosystems earned multiple industry recognitions for sustainable design and operational excellence, including the International BOMA TOBY Award in the Life Science category for 8 Davis Drive, Alexandria Center® for Advanced Technologies Megacampus in Research Triangle and an International Institute for Sustainable Laboratories and Projects Award for New Construction for 325 Binney, Alexandria Center® at One Kendall Square in Cambridge. Alexandria's full 2025 Corporate Responsibility Report is attached. The appendix to this report includes detailed corporate responsibility data and disclosures prepared with reference to the Global Reporting Initiative (GRI) Standards.

About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. As of March 31, 2026, Alexandria had a total market capitalization of $20.44 billion and an asset base in North America that includes 35.8 million RSF of operating properties. Alexandria has a long-standing and proven track record of developing Class A/A+ properties clustered in highly dynamic and collaborative Megacampus environments that enhance our tenants' ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Alexandria also provides strategic capital to transformative life science companies through our venture capital platform. We believe our unique business model and diligent underwriting ensure a high-quality and diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, higher returns and greater long-term asset value. For more information on Alexandria, please visit www.are.com.

Forward-Looking Statements 
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, practices, goals, targets, investments and strategy; the expected impact of the foregoing on Alexandria's business, operations, tenants, shareholders, communities, the environment and society; Alexandria's ability to create long-term value, strengthen its competitive position, support operational excellence and serve as a leading real estate partner to the life science industry; the expected benefits of Alexandria's Megacampus ecosystems, including with respect to collaboration, innovation, tenant well-being and recruitment and retention of talent; the reduction of GHG emissions, renewable electricity usage, resource use, sustainable design and operational efficiencies; LEED, healthy building and other certifications and recognitions; and opportunities and challenges within the life science industry, including regulatory, geopolitical and macroeconomic conditions. These forward-looking statements are based on Alexandria's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.  

CONTACT: Sara Cohen, Assistant Vice President – Corporate Strategy Events, (646) 799-2617, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.

Key Takeaways ARE rose 10.9% over the past month, outpacing the industry's 2.4% gain.ARE leased 647,356 RSF in Q1 2026; 72% came from existing tenants, reflecting tenant retention.ARE expects $92M in incremental annual NOI by Q4 2026 from projects 93% leased or negotiating. Alexandria Real Estate Equities (ARE - Free Report) shares have gained 10.9% over the past month compared with the industry's growth of 2.4%.

The company owns a premium portfolio of life science campuses in high-barrier U.S. innovation clusters. Demand is uneven, but leasing to established tenants and its Megacampus platform supports cash flow durability. The balance sheet remains liquid and mostly fixed-rate, which provides financial flexibility.

This real estate investment trust (REIT) carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for its 2026 FFO per share is now pegged at $6.40.

Image Source: Zacks Investment Research

Factors Behind ARE’s Share Price RiseAlexandria’s primary emphasis is on the development of Class A/A+ properties strategically located within AAA innovation cluster regions. Alexandria’s Megacampus platform represented 78% of annual rental revenues in effect as of March 31, 2026, keeping the portfolio concentrated in the deepest U.S. life science clusters. Leasing volume in first-quarter 2026 was 647,356 RSF, and 72% of activity came from the existing tenant base, reflecting tenant stickiness in mission-critical lab space.

The company’s Class A/A+ properties in AAA locations are experiencing high demand, aiding occupancy levels and rent growth. As of March 31, 2026, investment-grade or publicly traded large-cap tenants accounted for 55% of annual rental revenues in effect, and the weighted-average remaining lease term was 7.5 years for all tenants and 9.9 years for the top 20. Alexandria reported 97% of leases contain annual rent escalations, supporting contractual revenue growth over time.

Alexandria’s near-term development and redevelopment deliveries are positioned to add incremental NOI as initial free rent burns off and space is placed into service. Management’s pipeline disclosures indicate projects expected to be placed into service from second-quarter 2026 through fourth-quarter 2026 are 93% leased or negotiating, supporting its expectation for $92 million of incremental annual NOI by fourth-quarter 2026.

Alexandria has adequate financial flexibility to cushion and enhance its market position. The company had $4.17 billion of liquidity as of the end of the first quarter of 2026 and maintained its fourth-quarter 2026 annualized leverage target of 5.6X to 6.2X net debt and preferred stock to adjusted EBITDA. The company’s 96.4% of debt was fixed-rate, with a 10.0-year weighted-average remaining term. ARE enjoys credit ratings of Baa1 and BBB+ from Moody’s and S&P Global Ratings, respectively. This renders access to the debt market at favorable costs, positioning it well to bank on growth opportunities.

Risks Likely to Affect ARE’s Positive TrendRisks for Alexandria include lower occupancy after expirations, negative renewal spreads and muted biotech demand. Additional pressure comes from development timing risk and higher interest costs.

Stocks to ConsiderSome better-ranked stocks from the broader REIT sector are Vornado Realty Trust (VNO - Free Report) and W.P. Carey (WPC - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Zacks Consensus Estimate for VNO’s 2026 FFO per share has been revised upward by a cent to $2.34 over the past month.

The consensus estimate for WPC’s 2026 FFO per share has been raised northward 1.3% over the past two months to $5.28.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.

April 30, 2026 09:30 ET  | Source: Aecon Group Inc.

TORONTO, April 30, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that Hamilton LRT Civil & Utilities Alliance has been selected by Metrolinx as the development partner for the Hamilton LRT Civil and Utilities Works project in Ontario. Under the alliance, Metrolinx is the project owner, Aecon is the construction partner responsible for project delivery, and a joint venture between Hatch, Egis and Systra is the design partner.

Hamilton LRT Civil & Utilities Alliance has executed an alliance development phase agreement with Metrolinx to collaboratively negotiate scope, cost, and schedule of various elements of the project. The development phase will be approximately 18 to 24 months and will be followed by the construction implementation phase.

The Hamilton LRT will bring 14 kilometres of modern, reliable and frequent LRT service across Hamilton’s downtown core from McMaster University to Eastgate, with connections to key destinations and institutions along the corridor. The 17-stop LRT line will also feature connections to GO Transit and Hamilton’s HSR bus service.

“Aecon’s experience building some of the most transformative transit projects of this generation, including three modern LRTs in Ontario, will be of great value to this critical project for Hamilton,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “We are harnessing the collective strengths of our civil and utilities teams to self-perform this vital project. The collaborative development phase provides benefits to all stakeholders, and we look forward to working with our client to advance this project that will improve mobility for growing communities.”

Further information about the project is available on the Metrolinx website.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

For further information: 

Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
[email protected]

Nicole Court
Vice President, Corporate Affairs and Communications
416-297-2600
[email protected]

Statement on Forward-Looking Information

The information in this press release includes certain forward-looking statements which may constitute forward-looking information under applicable securities laws. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties. Forward-looking statements may include, without limitation, statements regarding the operations, business, financial condition, expected financial results, performance, prospects, ongoing objectives, strategies and outlook for Aecon, including statements regarding the various phases of the project and expectations regarding project timelines, and the anticipated mobility benefits for the communities. Forward-looking statements may in some cases be identified by words such as "may," "will," "expects," "target," "future," "plans," "believes," "anticipates," "estimates," "projects," "intends," "should" or the negative of these terms, or similar expressions.

In addition to events beyond Aecon's control, there are factors which could cause actual or future results, performance or achievements to differ materially from those expressed or inferred herein including, but not limited to, the risk of not being able to meet contractual schedules and other performance requirements, the risks associated with a third party’s failure to perform; the risk of not being able to meet its labour needs at reasonable costs; the risk of not being able to address any supply chain issues which may arise; the risk of the anticipated benefits from the project not being fully realized; and the risk of not being able to complete the collaborative development phase and construction implementation phase as anticipated. These forward-looking statements are based on a variety of factors and assumptions including but not limited to that: none of the risks identified above materialize, there are no unforeseen changes to economic and market conditions, and no significant events occur outside the ordinary course of business. These assumptions are based on information currently available to Aecon, including information obtained from third-party sources. While Aecon believes that such third-party sources are reliable sources of information, Aecon has not independently verified the information. Aecon has not ascertained the validity or accuracy of the underlying economic assumptions contained in such information from third-party sources and hereby disclaims any responsibility or liability whatsoever in respect of any information obtained from third-party sources.

Risk factors are discussed in greater detail in Section 13 - "Risk Factors" in Aecon’s 2025 Management’s Discussion and Analysis for the fiscal year ended December 31, 2025, and in Aecon’s Management’s Discussion and Analysis for the fiscal quarter ended March 31, 2026, filed on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

TORONTO, May 08, 2026 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon”) announced today that Chairman John M. Beck will not stand for re-election to Aecon’s Board of Directors at the Annual Meeting of Shareholders on June 1, 2026 (the “AGM”). As part of the transition, Scott Thon, Lead Director, will step into the role of independent Chair of the Board, assuming his re-election to the Board by Shareholders at the AGM.

In recognition of his dedicated service and contributions to Aecon’s success over his 60-year career, the Board will confer upon John the title of “Chairman Emeritus.”

“Serving Aecon throughout my career has been a tremendous point of pride, and helping to shape the company’s evolution has been a true honour,” said John M. Beck, Chairman, Aecon Group Inc. “I thank our shareholders for their trust, Aecon’s talented leadership team for their commitment, and our employees for their collective contributions over the years. I firmly believe that Aecon is stronger than ever before, and I am confident Scott Thon and the Board of Directors will guide Aecon’s strategic growth to deliver lasting value to shareholders in the years to come.”

“John has overseen Aecon’s strategic direction and operations for over six decades, providing exceptional leadership through significant transformation and growth. His vision has delivered some of the most remarkable landmark projects of this generation,” said Scott Thon, Lead Director, Aecon Group Inc. “Throughout his award-winning career, John has established a world-class company with a distinguished reputation as an industry icon. John’s legacy will forever be linked to Aecon’s success. Personally, and on behalf of the entire Board of Directors, I want to thank John for his vast contributions to our customers, employees and shareholders.”

After graduating from McGill University’s Civil Engineering program in 1963, John joined his family’s Prefac Concrete business in Montreal and embarked on a strategy of mergers, acquisitions and organic growth that grew the scale, geographic presence and market diversity of the business across Canada. After acquiring the company’s brand predecessor, Armbro, the company was listed on the Toronto Stock Exchange in 1987. In 2001, Armbro officially changed its name to Aecon, amalgamating several acquired businesses. Mr. Beck has guided Aecon over the years in its evolution as a diverse and multidisciplinary North American company with global expertise – serving as Founder, former Chief Executive Officer and Executive Chairman.

“John is a trailblazer in our industry. His mentorship, counsel and deep expertise have been invaluable to me – and continuing to lead this exceptional company is my distinct privilege,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “On behalf of Aecon’s executive management team, I congratulate John on his extraordinary career as he transitions to Chairman Emeritus. Aecon looks forward to continuing to execute our growth strategy to advance our evolution.”

Mr. Thon joined Aecon’s Board in 2021 and has served as Lead Director since 2024. He has held a number of senior positions in the energy sector over the last 40 years, and is currently an executive officer and director of Berkshire Hathaway Energy.

About Aecon

Aecon Group Inc. (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment. Join our online community on X, LinkedIn, Facebook, and Instagram @AeconGroupInc.

For further information: 

Adam Borgatti
SVP, Corporate Development and Investor Relations
416-297-2600
[email protected]

Nicole Court
Vice President, Corporate Affairs and Communications
416-297-2600
[email protected]

Statement on Forward-Looking Information

The information in this press release includes certain forward-looking statements. These forward-looking statements are based on currently available competitive, financial and economic data and operating plans but are subject to risks and uncertainties as discussed in greater detail in Section 13 – “Risk Factors” in Aecon’s 2025 Management’s Discussion and Analysis for the fiscal year ended December 31, 2025, and in Aecon’s Management’s Discussion and Analysis for the fiscal quarter ended March 31, 2026, filed on SEDAR+ (www.sedarplus.ca). Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and Aecon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that the company will conduct a conference call and audio webcast on Tuesday, August 4, 2026 at 2:00 p.m. Eastern Time (ET), in conjunction with the release of its second quarter 2026 operating and financial results. Alexandria will release its operating and financial results after the market closes on Monday, August 3, 2026.

To participate in this conference call, dial (833) 366-1125 (U.S./Canada) or (412) 902-6738 (international) shortly before 2:00 p.m. ET and ask the operator to join the call for Alexandria Real Estate Equities, Inc. The live audio webcast can be accessed on the company's website at http://investor.are.com/webcasts. A replay of the call will be available from 4:00 p.m. ET on Tuesday, August 4, 2026 through 4:00 p.m. ET on Tuesday, August 11, 2026. To access the replay, dial (855) 669-9658 (U.S./Canada) or (412) 317-0088 (international) and enter access code 5367901.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City. For more information, please visit www.are.com.

CONTACT: Paula Schwartz, Managing Director, Rx Communications Group, (917) 633-7790, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.

On May 27, 2026, Alexandria Real Estate Equities Inc ARE shares rose 3.0% today, closing at $49.93. The stock has seen a 52-week range with a high of $88.24 and a low of $39.41, indicating significant volatility over the past year.

GF Value™ verdict: Current price of $49.93 vs GF Value™ of $97.24, indicating a 48.7% upside.GF Score™: 58/100, which is considered average.Most notable signal: Insider activity shows a net purchase of $0.9M in the last 3 months. Is ARE Overvalued or Undervalued? According to the GF Value™, Alexandria Real Estate Equities Inc ARE is currently trading at $49.93, which is significantly below its estimated fair value of $97.24. This represents a margin of safety of 48.7%, suggesting that the stock is undervalued based on intrinsic value metrics. However, it is important to note that the GF Valuation label indicates that this could be a possible value trap, meaning that while there may appear to be an opportunity, risks are associated with investing at this time. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

Investors might find an opportunity in ARE, but they should proceed with caution given the company's current financial strength rating of 4/10 and a profitability rank of 6/10. The potential for recovery exists, but the financial metrics suggest that investors need to be aware of the inherent risks, particularly in light of the stock's past performance, which has seen a decline of 24.3% over the past year.

How Does ARE's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 75.7x 55.5x The current P/E ratio of 75.7x is significantly above its 5-year median P/E of 55.5x, indicating that the stock is trading at a premium compared to its historical valuation. This suggests that the P/E analysis disagrees with the GF Value™ verdict, which implies that while ARE may be undervalued in terms of intrinsic value, it is overvalued based on its earnings potential relative to historical performance.

What Does ARE's GF Score™ Tell Us? Metric Rating GF Score™ 58 Financial Strength 4/10 Profitability 6/10 Growth 3/10 Valuation 2/10 Momentum 4/10 The GF Score™ of 58/100 indicates that ARE is positioned in the average category when it comes to long-term return potential. The strongest area is profitability, rated at 6/10, suggesting that the company has some solid profit-generating capabilities. However, the weakest area is valuation, rated at 2/10, which aligns with the concerns raised by its high P/E ratio and the GF Value™ analysis. Overall, the mixed scores highlight the need for careful consideration before making any investment decisions.

What Are Insiders Doing with ARE Stock? Recent insider activity for Alexandria Real Estate Equities Inc shows that insiders bought $1.2 million worth of shares while selling $0.3 million in the last three months, indicating a net purchase of $0.9 million. This pattern of net insider buying could suggest that those with the most intimate knowledge of the company's prospects are optimistic about its future performance, despite the stock's recent struggles. However, potential investors should consider this alongside other financial indicators when assessing the stock's overall health.

What This Means for Investors In summary, Alexandria Real Estate Equities Inc ARE appears undervalued based on its GF Value™ of $97.24 compared to the current price of $49.93. However, the stock's high P/E ratio and average GF Score™ suggest that investors should approach this opportunity with caution, keeping in mind the risk factors indicated by its financial strength and valuation metrics.

For the complete analysis, visit the Alexandria Real Estate Equities Inc ARE stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is ARE's GF Score™?

ARE has a GF Score™ of 58/100, which is considered average in terms of long-term return potential.

Is ARE overvalued or undervalued?

ARE is currently undervalued according to its GF Value™ of $97.24, compared to its current price of $49.93.

What is ARE's P/E ratio?

ARE's P/E ratio is 75.7x, which is significantly higher than its 5-year median P/E of 55.5x, indicating it is trading at a premium compared to historical valuations.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

, /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced that its Board of Directors declared a quarterly cash dividend of $0.72 per common share for the second quarter of 2026. The dividend is payable on July 15, 2026 to stockholders of record on June 30, 2026.

The declared dividend of $0.72 per common share is consistent with that of the preceding quarter and reflects the company's commitment to fortify its already strong balance sheet, enhance financial flexibility and preserve liquidity. In addition to conserving significant capital, the dividend provides a competitive yield on its common stock of 5.8%, based on the closing stock price on May 28, 2026. Additionally, the company's dividend payout ratio (quarterly common stock dividends divided by quarterly funds from operations) remains conservative at 42% for the three months ended March 31, 2026.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City. For more information, please visit www.are.com.

This press release includes "forward-looking statements" within the meaning of the federal securities laws. Actual results might differ materially from those projected in the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the company's Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission.

CONTACT: Joel Marcus, Executive Chairman & Founder, (626) 578-0777, [email protected] 

SOURCE Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities remains rated Hold as improved policy clarity and a recovering disposition market are offset by new operational headwinds. NIH indirect cost cap removal and better asset sale prospects reduce tail risks, but occupancy and NOI guidance have been revised downward amid weak leasing trends. A significant 2027 lease expiration wall (~$97m annual rent) now threatens to extend FFO pressures beyond Q4 2026, clouding recovery visibility.