Alexandria Real Estate slumps after forecasting annual FFO below estimates

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

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

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

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

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

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

Including session's move, stock down ~33% YTD vs 2.4% gain for S&P 500 Equity Real Estate Investment Trusts index .SPLRCREC