Alexandria Real Estate Equities (ARE) came out with quarterly funds from operations (FFO) of $2.30 per share, beating the Zacks Consensus Estimate of $2.28 per share. This compares to FFO of $2.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of 0.88%. A quarter ago, it was expected that this life science real estate company would post FFO of $2.39 per share when it actually produced FFO of $2.39, delivering no surprise.Over the las ...

[Company Highlights](index=3&type=section&id=COMPANY%20HIGHLIGHTS) [Mission and Cluster Model](index=3&type=section&id=Mission%20and%20Cluster%20Model) Alexandria focuses on its mission to advance human health by creating and connecting life science ecosystems, employing a cluster model to concentrate assets in top innovation hubs for collaboration and growth - The company's mission is to create, develop, and operate dynamic ecosystems that advance and accelerate life-changing innovation for human health[9](index=9&type=chunk) [Alexandria's Megacampus™ Platform](index=4&type=section&id=ALEXANDRIA%27S%20MEGACAMPUS%20PLATFORM) The Megacampus™ platform is central to Alexandria's strategy, accounting for a significant majority of its revenue and operating square footage, demonstrating superior operating performance with higher average occupancy - The Megacampus™ platform is a core driver of superior operating results, generating **75% of the company's annual rental revenue** and comprising **71% of its operating rentable square feet (RSF)**[14](index=14&type=chunk) - Megacampus properties have shown a **4% occupancy outperformance** compared to non-megacampus properties, with an average occupancy of **95% since 2021**[15](index=15&type=chunk) [Sector-Leading Client Base](index=5&type=section&id=SECTOR-LEADING%20CLIENT%20BASE) Alexandria boasts a high-quality, diverse client base of approximately 750 tenants, providing stable and long-duration cash flows, with a significant portion of revenue from investment-grade or large-cap tenants - **51% of the company's annual rental revenue** is derived from investment-grade or publicly traded large-cap tenants[27](index=27&type=chunk) - **87% of the top 20 tenants' annual rental revenue** is from investment-grade or publicly traded large-cap tenants[19](index=19&type=chunk)[27](index=27&type=chunk) - The company has a long-duration weighted-average remaining lease term of **7.6 years for all tenants** and **9.6 years for its top 20 tenants**[27](index=27&type=chunk) - Lease structures are favorable, with **98% containing annual rent escalations** and **91% being triple net leases**[28](index=28&type=chunk)[29](index=29&type=chunk) [Operational Excellence and Value Creation](index=6&type=section&id=OPERATIONAL%20EXCELLENCE%20AND%20VALUE%20CREATION) Alexandria demonstrates strong long-term value creation, significantly outperforming major REIT and market indices since its 1997 IPO, achieving sector-leading FFO per share growth and exceptional operational metrics - Since its IPO in May 1997, Alexandria has delivered a total shareholder return of **1,427%**, outperforming indices like the S&P 500 (**1,001%**) and MSCI US REIT Index (**881%**)[23](index=23&type=chunk)[24](index=24&type=chunk) - The company projects leading five-year FFO per share growth (2020-2025) compared to other FTSE NAREIT Equity Health Care REITs[25](index=25&type=chunk)[26](index=26&type=chunk) - Tenant rent collections have been consistently strong, averaging **99.8% from Q1 2021 to Q1 2025**[31](index=31&type=chunk) [Balance Sheet and Dividends](index=8&type=section&id=BALANCE%20SHEET%20AND%20DIVIDENDS) Alexandria maintains a strong and flexible fortress balance sheet, characterized by significant liquidity, a high percentage of fixed-rate debt, and one of the longest weighted-average remaining debt terms among S&P 500 REITs, with a consistent history of strong and increasing dividends Key Balance Sheet Metrics as of March 31, 2025 | Metric | Value | | :--- | :--- | | **Liquidity** | $5.3 billion | | **Target Net Debt/Adj. EBITDA (4Q25)** | ≤5.2x | | **Fixed-Rate Debt (Avg. since 2021)** | 97.9% | | **Debt Maturing in Next 3 Years** | 13% | | **Weighted-Average Remaining Debt Term** | 12.2 years | | **Weighted-Average Debt Interest Rate** | 3.95% | - Alexandria has the longest weighted-average remaining debt term (**12.2 years**) among S&P 500 REITs, which is double the S&P 500 REIT average of **6.1 years**[35](index=35&type=chunk)[36](index=36&type=chunk) Dividend Highlights (1Q25) | Metric | Value | | :--- | :--- | | **Dividend Yield** | 5.7% | | **Average Annual Dividend Per-Share Growth** | 4.5% | | **Payout Ratio** | 57% | | **Net Cash from Ops After Dividends (2021-2025E)** | $2.3 billion | [Earnings Press Release](index=10&type=section&id=EARNINGS%20PRESS%20RELEASE) [First Quarter Ended March 31, 2025 Financial and Operating Results](index=10&type=section&id=First%20Quarter%20Ended%20March%2031%2C%202025%20Financial%20and%20Operating%20Results) For the first quarter of 2025, Alexandria reported a net loss per share of $0.07 and Funds From Operations (FFO) per share, as adjusted, of $2.30, marked by solid leasing volume, strong rental rate increases, capital recycling progress, and new development project deliveries Q1 2025 Financial Results vs. Q1 2024 | Metric | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | Total Revenues (in millions) | $758.2 | $769.1 | | Net Loss per Share - Diluted | $(0.07) | $0.97 (income) | | FFO per Share - Diluted, as Adjusted | $2.30 | $2.35 | Q1 2025 Leasing Activity | Metric | Value | | :--- | :--- | | **Total Leasing Activity** | 1,030,553 RSF | | **Lease Renewals/Re-leasing** | 884,408 RSF | | **Rental Rate Increase** | 18.5% | | **Rental Rate Increase (Cash Basis)** | 7.5% | - The company maintains a strong balance sheet with **$5.3 billion in liquidity** and a Net Debt and Preferred Stock to Adjusted EBITDA ratio of **5.9x for Q1 2025 annualized**[42](index=42&type=chunk)[43](index=43&type=chunk) - Development and redevelopment projects placed into service in Q1 2025 are expected to generate an incremental **$37 million in annual net operating income**[48](index=48&type=chunk)[49](index=49&type=chunk) - Occupancy declined from **94.6% at year-end 2024 to 91.7% at the end of Q1 2025**, primarily due to **2.9% of RSF becoming vacant** from lease expirations. Of this vacancy, **1.3% is already re-leased** for future delivery or is under negotiation[50](index=50&type=chunk) [Guidance](index=11&type=section&id=Guidance) Alexandria updated its full-year 2025 guidance, reducing the midpoint for FFO per share, as adjusted, by $0.07 to $9.26, primarily due to slower leasing impacting occupancy and NOI forecasts, and increased interest expense, partially offset by reduced G&A expenses 2025 FFO Per Share Guidance Change | Metric | As of 4/28/25 | As of 1/27/25 | Change | | :--- | :--- | :--- | :--- | | **FFO per share, as adjusted** | $9.16 to $9.36 | $9.23 to $9.43 | - | | **Midpoint** | $9.26 | $9.33 | Reduction of $0.07 | Key Changes to 2025 Guidance Midpoints | Assumption | Change | | :--- | :--- | | **Occupancy Percentage (Year-End)** | 70 bps reduction | | **Same Property NOI** | 70 bps reduction | | **Same Property NOI (Cash Basis)** | 20 bps reduction | | **Straight-Line Rent Revenue** | $15 million reduction | | **General & Administrative Expenses** | $17 million reduction | | **Interest Expense** | $20 million increase | - The guidance for dispositions and sales of partial interests was increased by **$250 million at the midpoint**, primarily to fund a **$150 million increase** in the midpoint for acquisitions and other opportunistic capital uses[71](index=71&type=chunk) [Dispositions and Sales of Partial Interests](index=13&type=section&id=Dispositions%20and%20Sales%20of%20Partial%20Interests) As of April 28, 2025, Alexandria has made significant progress towards its capital recycling goals, completing $176 million in dispositions and having an additional $433 million in pending transactions, totaling $609 million, representing 31% of its updated 2025 guidance midpoint 2025 Dispositions and Sales of Partial Interests (in millions) | Status | Our Share | | :--- | :--- | | **Completed in 1Q25** | $176.4 | | **Pending Transactions** | $432.5 | | **Total Completed and Pending** | $608.9 | | **2025 Guidance Range** | $1,450 - $2,450 | - A notable completed transaction in Q1 2025 was the sale of Costa Verde land for **$124 million**, for which Alexandria provided **$91 million in seller financing**[72](index=72&type=chunk)[73](index=73&type=chunk) [Consolidated Statements of Operations](index=14&type=section&id=Consolidated%20Statements%20of%20Operations) The Consolidated Statement of Operations for Q1 2025 shows total revenues of $758.2 million, a slight decrease from Q1 2024, and a net loss attributable to common stockholders of $11.6 million, a significant shift from prior-year net income, primarily due to unrealized losses on investments and impairment charges Consolidated Statements of Operations Highlights (in thousands) | Line Item | Q1 2025 | Q1 2024 | | :--- | :--- | :--- | | **Total Revenues** | $758,158 | $769,108 | | **Total Expenses** | $682,162 | $593,763 | | **Impairment of Real Estate** | $32,154 | $0 | | **Investment (Loss) Income** | $(49,992) | $43,284 | | **Net (Loss) Income Attributable to Common Stockholders** | $(11,599) | $166,886 | [Consolidated Balance Sheets](index=14&type=section&id=Consolidated%20Balance%20Sheets) As of March 31, 2025, Alexandria's consolidated balance sheet shows total assets of $37.60 billion, a slight increase from year-end 2024, while total liabilities increased and total equity decreased, reflecting share repurchases and the net loss for the quarter Consolidated Balance Sheet Highlights (in thousands) | Line Item | March 31, 2025 | Dec 31, 2024 | | :--- | :--- | :--- | | **Investments in Real Estate** | $32,121,712 | $32,110,039 | | **Total Assets** | $37,600,428 | $37,527,449 | | **Total Liabilities** | $15,600,870 | $15,128,988 | | **Total Equity** | $21,989,946 | $22,378,489 | [Funds From Operations and Funds From Operations per Share](index=15&type=section&id=Funds%20From%20Operations%20and%20Funds%20From%20Operations%20per%20Share) For Q1 2025, Funds From Operations (FFO) attributable to common stockholders, as adjusted, was $392.0 million, or $2.30 per diluted share, with reconciliation from net loss including significant add-backs for depreciation, unrealized investment losses, and real estate impairment FFO Reconciliation Highlights - Q1 2025 (in thousands) | Line Item | Amount | | :--- | :--- | | **Net Loss Attributable to Common Stockholders** | $(11,599) | | Depreciation and Amortization of Real Estate | $339,381 | | Unrealized Losses on Non-Real Estate Investments | $68,145 | | Impairment of Real Estate | $32,154 | | **FFO Attributable to Common Stockholders - Diluted, As Adjusted** | **$392,009** | FFO Per Share - Diluted, As Adjusted (Quarterly Trend) | Quarter | FFO/Share (Adj.) | | :--- | :--- | | **Q1 2025** | $2.30 | | **Q4 2024** | $2.39 | | **Q3 2024** | $2.37 | | **Q2 2024** | $2.36 | | **Q1 2024** | $2.35 | [Supplemental Information](index=16&type=section&id=SUPPLEMENTAL%20INFORMATION) [Company Profile](index=16&type=section&id=Company%20Profile) This section provides a corporate overview of Alexandria Real Estate Equities, Inc., highlighting its position as a leading life science REIT focused on collaborative Megacampus™ ecosystems in AAA innovation clusters, supported by a high-quality tenant base and experienced management - As of March 31, 2025, Alexandria has a total market capitalization of **$28.8 billion** and an asset base of **39.6 million RSF of operating properties** and **4.0 million RSF of properties under construction**[89](index=89&type=chunk) - The executive and senior management team consists of **62 individuals** with an average of **24 years of real estate experience**, including **13 years with Alexandria**[91](index=91&type=chunk)[92](index=92&type=chunk) [Financial and Asset Base Highlights](index=17&type=section&id=Financial%20and%20Asset%20Base%20Highlights) This section presents a five-quarter summary of key financial data and operating statistics, including a 70% operating margin, a Net Debt and Preferred Stock to Adjusted EBITDA ratio of 5.9x, 91.7% operating property occupancy, and 18.5% rental rate increase on renewed/re-leased space for Q1 2025 Selected Financial and Operating Metrics (Q1 2025) | Metric | Value | | :--- | :--- | | **Operating Margin** | 70% | | **Adjusted EBITDA Margin** | 71% | | **Net Debt & Pref. Stock to Adj. EBITDA (Qtr Ann.)** | 5.9x | | **Total Debt & Pref. Stock to Gross Assets** | 30% | | **Fixed-Charge Coverage Ratio (Qtr Ann.)** | 4.3x | | **Occupancy of Operating Properties** | 91.7% | | **Rental Rate Change (Renewals/Re-leasing)** | 18.5% | [High-Quality and Diverse Client Base](index=18&type=section&id=High-Quality%20and%20Diverse%20Client%20Base) Alexandria's stability is underpinned by its diverse base of approximately 750 tenants, with 51% of annual rental revenue from investment-grade or publicly traded large-cap companies, highlighting strong tenant relationships, long-duration leases, and exceptional rent collection rates - The tenant base is diversified across multinational pharma, public and private biotech, institutions, and other high-credit entities[110](index=110&type=chunk)[111](index=111&type=chunk) - Tenant collections remained robust, with **99.9% of Q1 2025 rents** and **99.8% of April 2025 rents collected** as of April 28, 2025[111](index=111&type=chunk) - The weighted-average remaining lease term is **9.6 years for the top 20 tenants** and **7.6 years for the entire portfolio**[111](index=111&type=chunk) [Internal Growth](index=19&type=section&id=Internal%20Growth) This section details the drivers of Alexandria's internal growth, including same-property performance, leasing activity, and lease structure, noting a decline in same-property NOI in Q1 2025 due to specific large expirations, offset by strong rental rate growth and long-term leases with embedded annual rent escalations [Same Property Performance](index=20&type=section&id=Same%20Property%20Performance) For Q1 2025, same-property net operating income (NOI) decreased by 3.1% on a GAAP basis but increased by 5.1% on a cash basis compared to Q1 2024, with the GAAP decline significantly impacted by 768,080 RSF of lease expirations Q1 2025 Same Property Performance vs. Q1 2024 | Metric | % Change | | :--- | :--- | | **Net Operating Income (GAAP)** | (3.1)% | | **Net Operating Income (Cash Basis)** | 5.1% | - Excluding the impact of six specific properties with large lease expirations, the same property NOI change would have been **0.1% (GAAP)** and **9.0% (cash basis)**[116](index=116&type=chunk) [Leasing Activity](index=21&type=section&id=Leasing%20Activity) In Q1 2025, Alexandria executed leases for a total of 1,030,553 RSF, achieving a significant rental rate increase of 18.5% on a straight-line basis and 7.5% on a cash basis for renewed or re-leased space, with a weighted-average lease term of 10.1 years Q1 2025 Leasing Activity on Renewed/Re-leased Space | Metric | Value | | :--- | :--- | | **RSF** | 884,408 | | **Rental Rate Change (Straight-Line)** | 18.5% | | **Rental Rate Change (Cash Basis)** | 7.5% | | **Weighted-Average Lease Term** | 10.1 years | [Contractual Lease Expirations](index=21&type=section&id=Contractual%20Lease%20Expirations) The company has a well-staggered lease expiration schedule, with 5.6% of occupied RSF scheduled to expire for the remainder of 2025, and proactive management of expirations evident as 34% of 2025 expiring RSF is already re-leased Contractual Lease Expirations by Year (% of Occupied RSF) | Year | % of Occupied RSF | | :--- | :--- | | **2025** | 5.6% | | **2026** | 8.5% | | **2027** | 8.7% | | **2028** | 11.3% | | **2029** | 6.8% | - Of the leases expiring in 2025, **34% of the RSF has been leased** and **6% is under negotiation**, indicating proactive management of expirations[125](index=125&type=chunk) [Top 20 Tenants](index=22&type=section&id=Top%2020%20Tenants) Alexandria's top 20 tenants account for 36.2% of its annual rental revenue and are of very high credit quality, with 87% of this revenue coming from investment-grade or publicly traded large-cap tenants, led by Eli Lilly, Moderna, and Bristol-Myers Squibb - **87% of the annual rental revenue** from the top 20 tenants is from investment-grade or publicly traded large-cap companies[130](index=130&type=chunk) Top 5 Tenants by Annual Rental Revenue | Rank | Tenant | % of Annual Rental Revenue | | :--- | :--- | :--- | | 1 | Eli Lilly and Company | 4.3% | | 2 | Moderna, Inc. | 4.3% | | 3 | Bristol-Myers Squibb Company | 3.7% | | 4 | Takeda Pharmaceutical Company Limited | 2.3% | | 5 | Eikon Therapeutics, Inc. | 1.8% | [Summary of Properties and Occupancy](index=22&type=section&id=Summary%20of%20Properties%20and%20Occupancy) As of March 31, 2025, Alexandria's North American portfolio comprised 39.6 million operating RSF with an occupancy rate of 91.7%, a decline primarily due to previously disclosed lease expirations across four submarkets, with Greater Boston, San Francisco Bay Area, and San Diego remaining key revenue contributors Occupancy by Market (Operating Properties) | Market | Occupancy 3/31/25 | Occupancy 12/31/24 | | :--- | :--- | :--- | | **Greater Boston** | 91.8% | 94.8% | | **San Francisco Bay Area** | 90.3% | 93.3% | | **San Diego** | 94.3% | 96.3% | | **North America Total** | **91.7%** | **94.6%** | - The decline in occupancy was primarily driven by **768,080 RSF of previously disclosed Q1 2025 lease expirations** in the Cambridge, Mission Bay, Research Triangle, and Austin submarkets[135](index=135&type=chunk) - Of the total vacancy, **0.7% of RSF is already leased for future delivery** (average end of 2025) and another **0.6% is subject to ongoing negotiations**[137](index=137&type=chunk) [External Growth / Investments in Real Estate](index=26&type=section&id=External%20Growth%20%2F%20Investments%20in%20Real%20Estate) This section outlines Alexandria's external growth strategy, centered on its development and redevelopment pipeline, with projects delivered in Q1 2025 expected to generate $37 million in incremental annual NOI, and a robust pipeline poised to deliver significant future growth, heavily concentrated in Megacampus ecosystems [Investments in Real Estate](index=26&type=section&id=Investments%20in%20Real%20Estate) Alexandria's development and redevelopment pipeline is a key driver of future growth, with projects placed into service in Q1 2025 set to add $37 million in annual NOI, and further significant incremental annual net operating income anticipated from deliveries through 2028 Incremental Annual NOI from Development/Redevelopment Pipeline | Delivery Period | Incremental Annual NOI | RSF | Leased/Negotiating % | | :--- | :--- | :--- | :--- | | **1Q25 (Placed in Service)** | $37M | 309,494 | 100% | | **2Q25 – 4Q26 (Near-Term)** | $171M | 1.6M | 75% | | **2027 – 2Q28 (Intermediate-Term)** | $179M | 2.4M | 16% | [New Class A/A+ Development and Redevelopment Properties](index=27&type=section&id=New%20Class%20A%2FA%2B%20Development%20and%20Redevelopment%20Properties) The company details its active construction pipeline of 4.0 million RSF, with projects stabilizing in 2025-2026 being 75% leased or under negotiation, and the total pipeline, including future projects, heavily concentrated in Megacampus locations Active Development/Redevelopment Pipeline Summary | Stabilization Year | RSF Under Construction | % Leased/Negotiating | | :--- | :--- | :--- | | **2025 and 2026** | 1,597,920 | 75% | | **2027 and beyond** | 2,449,862 | 16% | | **Total** | **4,047,782** | **43%** | - The total development and redevelopment pipeline (including future projects) amounts to **28.9 million RSF**, with **71% of this square footage** located within the company's Megacampus ecosystems[161](index=161&type=chunk)[270](index=270&type=chunk) [Construction Spending and Capitalization of Interest](index=32&type=section&id=Construction%20Spending%20and%20Capitalization%20of%20Interest) Alexandria projects total construction spending for 2025 to be $1.75 billion at the midpoint of its guidance, including active construction and pre-construction activities, partially funded by contributions from noncontrolling interests and tenant-funded improvements Projected 2025 Construction Spending (Midpoint) | Category | Amount (in thousands) | | :--- | :--- | | **Active Construction Projects** | $1,220,000 | | **Future Pipeline Pre-construction** | $500,000 | | **Capital Expenditures** | $415,000 | | *Less: NCI & Tenant Contributions* | *($385,000)* | | **Total Construction Spending** | **$1,750,000** | - The company has **$414.9 million in contractual capital commitments** from existing real estate joint venture partners to fund construction from 2Q25 through 2027 and beyond[174](index=174&type=chunk) [Joint Venture Financial Information](index=35&type=section&id=Joint%20Venture%20Financial%20Information) This section provides financial details for Alexandria's consolidated and unconsolidated real estate joint ventures, highlighting key consolidated JVs in Greater Boston and San Diego, and the primary unconsolidated JV in Mission Bay, San Francisco - As of March 31, 2025, the noncontrolling interest share of consolidated real estate JVs totaled **$4.53 billion in net assets**[194](index=194&type=chunk) - Alexandria's share of unconsolidated real estate JVs totaled **$50.1 million in net assets**[194](index=194&type=chunk) [Balance Sheet Management](index=36&type=section&id=Balance%20Sheet%20Management) This section details Alexandria's balance sheet management, covering its non-real estate investments, key credit metrics, and debt structure, maintaining a $1.5 billion investment portfolio, significant liquidity of $5.3 billion, and a well-structured debt profile with a long weighted-average maturity and minimal near-term maturities [Investments](index=36&type=section&id=Investments) As of March 31, 2025, Alexandria held $1.5 billion in non-real estate investments, primarily in private life science companies, with the portfolio composed of 87% private and 13% public company investments by cost, and a total investment loss of $50.0 million recognized in Q1 2025 Non-Real Estate Investments as of March 31, 2025 | Metric | Value (in thousands) | | :--- | :--- | | **Cost Basis** | $1,223,221 | | **Carrying Amount** | $1,479,688 | | **Gross Unrealized Gains** | $204,917 | | **Gross Unrealized Losses** | $(173,054) | - The investment portfolio is composed of **87% private** and **13% public companies**, based on cost[198](index=198&type=chunk)[199](index=199&type=chunk) [Key Credit Metrics](index=37&type=section&id=Key%20Credit%20Metrics) Alexandria highlights its strong credit profile with significant liquidity of $5.3 billion as of March 31, 2025, and prudent leverage targets, maintaining a target for Net Debt and Preferred Stock to Adjusted EBITDA of less than or equal to 5.2x for year-end 2025 Liquidity as of March 31, 2025 (in millions) | Source | Amount | | :--- | :--- | | **Unsecured Senior Line of Credit** | $4,700 | | **Cash and Restricted Cash** | $484 | | **Secured Construction Loan Availability** | $45 | | **Investments in Public Companies** | $85 | | **Total Liquidity** | **$5,314** | - The company's Net Debt and Preferred Stock to Adjusted EBITDA was **5.9x (quarter annualized)** for Q1 2025, with a target of **≤5.2x for 4Q25**[204](index=204&type=chunk) [Summary of Debt](index=37&type=section&id=Summary%20of%20Debt) As of March 31, 2025, Alexandria's total debt was $13.1 billion, with a weighted-average remaining term of 12.2 years and a weighted-average interest rate of 3.95%, with the debt being 96.6% fixed-rate and a well-laddered maturity profile ensuring compliance with all debt covenants - The total debt of **$13.1 billion** has a weighted-average remaining term of **12.2 years**[212](index=212&type=chunk)[213](index=213&type=chunk) Debt Maturity Schedule (Principal Payments) | Year | Amount (in thousands) | | :--- | :--- | | **2025** | $600,034 | | **2026** | $800,454 | | **2027** | $350,038 | | **2028** | $425,041 | | **2029** | $700,044 | - The company is in compliance with all its debt covenants, with significant headroom on key ratios such as Total Debt to Total Assets (**31% vs. ≤60% requirement**)[218](index=218&type=chunk) [Definitions and Reconciliations](index=39&type=section&id=Definitions%20and%20Reconciliations) This section provides definitions for key terms and non-GAAP financial measures used throughout the report, such as Adjusted EBITDA, Funds From Operations (FFO), Net Operating Income (NOI), and various leverage ratios, including detailed reconciliations to their most directly comparable GAAP counterparts

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission file number 1-12993 ALEXANDRIA REAL ESTATE EQUITIES, INC. (Exact name of registrant as specified in its charter) Maryl ...

The introduction of tariffs has indeed made many products more expensive for the U.S. businesses. There is a question of how much of the tariff-driven costs will be passed forward to the consumers, but it would be only logical toRoberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pa ...

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TORONTO, April 23, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (TSX: ARE) (“Aecon” or the “Company”) today reported results for the first quarter of 2025. “With record backlog of $9.7 billion, contributions from strategic acquisitions, solid recurring revenue, and a strong bid pipeline, revenue in 2025 is expected to be stronger than 2024,” said Jean-Louis Servranckx, President and Chief Executive Officer, Aecon Group Inc. “Aecon continues to maintain a disciplined capital allocation approach to deliver long- ...

Core Viewpoint - Alexandria Real Estate Equities (ARE) is expected to report a decline in quarterly earnings and revenues, indicating a challenging financial outlook for the company [1][2]. Financial Projections - Analysts predict quarterly earnings of $2.28 per share, reflecting a 3% decline year-over-year [1]. - Revenues are forecasted to be $758.46 million, representing a year-over-year decrease of 1.4% [1]. - The consensus EPS estimate has been revised downward by 0.1% over the past 30 days, indicating a reappraisal of projections by analysts [2]. Key Metrics Analysis - 'Revenues- Other income' is projected to reach $16.66 million, showing a year-over-year increase of 22.9% [5]. - 'Revenues- Rental' is expected to be $749.38 million, suggesting a year-over-year decrease of 0.8% [5]. - The average prediction for 'Depreciation and amortization' is $318.88 million, compared to $287.55 million reported in the same quarter last year [5]. Market Performance - Alexandria Real Estate Equities shares have decreased by 20.6% in the past month, contrasting with the Zacks S&P 500 composite's decline of 6.6% [6]. - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market in the near term [6].

Alexandria Real Estate Equities Inc. (ARE) is scheduled to release its first-quarter 2025 results on April 28, 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 ...

Sixth annual Sustainability Report released highlighting progress in sustainable construction TORONTO, April 22, 2025 (GLOBE NEWSWIRE) -- Aecon Group Inc. (“Aecon”) (TSX: ARE) is pleased to celebrate its recognition as one of Canada’s Greenest Employers along with the release of its 2024 Sustainability Report. Canada's Greenest Employers list is selected by editors of Mediacorp Canada, recognizing companies that lead the nation in creating an organizational culture of environmental awareness and developing ...

If you want access to our entire Portfolio and all our current Top Picks, feel free to join us for a 2-week free trial at High Yield Landlord.Investors have shifted from a mindset of "sell everything that isn't nailed to the floor" to a distinctly more selective approach. Most of what euphorically rallied inAustin is a contributing author for the investing group High Yield Landlord , one of the largest real estate investment communities on Seeking Alpha, with thousands of members. It offers exclusive resear ...