Alexandria Real Estate falls after forecasting annual FFO below estimates

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

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

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

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

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

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

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