Alexandria Real Estate falls after reducing annual FFO forecast

ReutersApr 29, 2025 11:12 AM

Life science real estate investment trust Alexandria Real Estate Equities ARE.N shares fall nearly 1% to $76, premarket

Co reduced its full-year forecast for adj. funds from operations (FFO) due to anticipated lower leasing activity

Expects 2025 adj. FFO to be between $9.16 and $9.36 per share, down from $9.23 to $9.43 per share

ARE in Q1 posted net loss of $11.6 mln, or 7 cents/share, compared with profit of $166.9 mln, or 97 cents/share, for the same period last year

5 of 14 brokerages rate the stock "buy" or higher, 9 "hold"; their median PT is $111.50

As of last close, stock had fallen 21% YTD; shares fell 23% in 2024

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