Key Takeaways Alexandria posted Q3 AFFO of $2.22, missing estimates and declining from last year's $2.37.Lower occupancy and higher interest expenses pressured results.ARE cut 2025 FFO guidance to $8.98-$9.04 amid slower leasing and softer life science demand.Alexandria Real Estate Equities, Inc. (ARE) reported third-quarter 2025 adjusted funds from operations (AFFO) per share of $2.22, lagging the Zacks Consensus Estimate of $2.31. This compares unfavorably to the AFFO of $2.37 reported in the prior year.S ...

分组1 - Alexandria Real Estate Equities (ARE) reported quarterly funds from operations (FFO) of $2.22 per share, missing the Zacks Consensus Estimate of $2.31 per share, and down from $2.37 per share a year ago, representing an FFO surprise of -3.90% [1] - The company posted revenues of $751.94 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 0.56%, and down from $791.61 million year-over-year [2] - Alexandria Real Estate Equities shares have lost about 20.7% since the beginning of the year, contrasting with the S&P 500's gain of 15.5% [3] 分组2 - The current consensus FFO estimate for the coming quarter is $2.28 on revenues of $741.87 million, and for the current fiscal year, it is $9.21 on revenues of $3.02 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Core Viewpoint - Alexandria Real Estate Equities (NYSE:ARE) shares fell by 2.7% in after-hours trading following a reduction in full-year guidance for adjusted FFO due to disappointing Q3 results [4]. Financial Performance - The company now projects FY25 AFFO per share to be $9.01 [5].

Accessibility StatementSkip Navigation PASADENA, Calif., Oct. 27, 2025 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced financial and operating results for the third quarter ended September 30, 2025. Strong and flexible balance sheet with significant liquidity; top 15% credit rating ranking among all publicly traded U.S. REITs Solid leasing volume and rental rate increases Leasing volume of 1.2 million RSF during 3Q25. $27.8 billion in total market capitalization. $14.2 billion in ...

Alexandria Real Estate Equities, Inc. All Rights Reserved. © 2025 ALEXANDRIA EXECUTES LARGEST LIFE SCIENCE LEASECIONMPANY HISTORY WITH A LONG-STANDING MULTINATIONAL PHARMACEUTICAL TENANT FOR A466,598 RSF BUILD-TO-SUIT RESEARCH HUB AT THE CAMPUS POINT MEGACAMPUS ™ IN SAN DIEGO Our long-term lease with a high-credit tenant underscores the strength and uniqueness of the Alexandria brand, as underpinned by: • Enduring tenant relationships and commitment to innovation • Expertise in design, development, and oper ...

Financial Performance - Total revenues for the three months ended September 30, 2025, were $751,944,000, a decrease of 5% from $791,607,000 in the same period of 2024[13] - Net loss attributable to Alexandria Real Estate Equities, Inc.'s common stockholders for the three months ended September 30, 2025, was $(234,937,000), compared to net income of $164,674,000 for the same period in 2024[15] - The company reported a comprehensive loss income of $(202,633,000) for the three months ended September 30, 2025, compared to comprehensive income of $218,784,000 for the same period in 2024[17] - The net loss for the nine months ended September 30, 2025, was $221.372 million, compared to a net income of $526.828 million for the same period in 2024[30] - Total cash provided by operating activities for the nine months ended September 30, 2025, was $1.101 billion, a decrease from $1.230 billion in 2024[30] Assets and Liabilities - Total assets as of September 30, 2025, were $37,375,148,000, a slight decrease from $37,527,449,000 as of December 31, 2024[11] - Total liabilities increased to $16,256,870,000 as of September 30, 2025, from $15,128,988,000 as of December 31, 2024[11] - The total equity attributable to Alexandria Real Estate Equities, Inc.'s stockholders decreased to $16,639,302,000 as of September 30, 2025, from $17,889,042,000 as of December 31, 2024[11] - The balance of stockholders' equity as of September 30, 2025, was $21.060 billion[24] Cash and Investments - Cash and cash equivalents rose to $579,474,000 as of September 30, 2025, compared to $552,146,000 as of December 31, 2024, reflecting a 5% increase[11] - Total investments as of September 30, 2025, amounted to $1.54 billion, with unrealized gains of $180.4 million and losses of $152.1 million[189] - The company has committed to funding approximately $347.2 million for investments in privately held entities that report NAV, with a weighted-average expiration of 7.9 years[188] - Investment income for the three months ended September 30, 2025, was $28.2 million, compared to $15.2 million in 2024, while the nine-month investment loss was $52.5 million[191] Real Estate and Impairments - The company reported an impairment of real estate of $323,870,000 for the three months ended September 30, 2025, compared to $5,741,000 in the same period of 2024[15] - The company recognized impairment charges totaling $485.6 million during the nine months ended September 30, 2025, primarily related to non-core properties[130] - The company recognized an impairment charge of $31.8 million for a vacant property in the Research Triangle, reducing its carrying amount to an estimated fair value of $1.2 million[137] - An additional impairment charge of $27.8 million was recorded for land parcels in Sorrento Mesa, with an estimated fair value of $13.9 million[137] Dividends and Stock Repurchases - The company declared dividends of $1.32 per share for the common stock during the period[19] - The company declared dividends on common stock amounting to $684.772 million, with a dividend rate of $3.96 per share[26] - The company repurchased common stock worth $208.187 million during the nine months ended September 30, 2025[30] Lease and Rental Income - Income from rentals for the three months ended September 30, 2025, was $735.8 million, compared to $775.7 million for the same period in 2024[165] - Income from rentals for the nine months ended September 30, 2025, was $2.2 billion, down from $2.3 billion in the same period of 2024, reflecting a decrease of 3.4%[76] - The lease liability is measured based on the present value of future lease payments, including payments during the term under extension options that are reasonably certain to be exercised[97] - The right-of-use asset is amortized on a straight-line basis during the lease term[98] Joint Ventures and Noncontrolling Interests - Noncontrolling interests in consolidated real estate joint ventures amounted to $4,420.3 million as of September 30, 2025, compared to $4,489.4 million at the end of 2024[145] - The company has a controlling interest in joint ventures where voting interest exceeds 50%, consolidating them in financial statements[139] - The company redeemed its partner's entire noncontrolling interests in three real estate joint ventures for a book value of $10.4 million, recognizing $7.0 million in excess consideration[147] Future Projects and Developments - The company has one 100% pre-leased committed near-term project expected to commence construction in the next year[32] - The company expects to complete the sale of a non-core property in Long Island City within the next 12 months, which is currently 52% occupied[130] - The company expects to complete the sale of certain assets within the next 12 months, reallocating capital towards projects with greater value-creation opportunities[137] Other Financial Metrics - The company recognizes lifetime expected losses for most financial assets measured at amortized cost, resulting in earlier recognition of credit losses[106] - The company utilizes derivative instruments to manage exposure to foreign currency exchange rate risk related to operations in Canada[114] - The company accounts for forward equity sales agreements as equity contracts, not liabilities, based on specific assessments[113]

Core Viewpoint - Investors are particularly attracted to dividend stocks with high yields due to their ability to provide substantial income and significant total return potential [1] Group 1 - High-yield dividend stocks are favored by investors for their income generation capabilities [1] - These stocks also offer considerable potential for total returns, making them an appealing investment choice [1]

Core Insights - Alexandria Real Estate Equities, Inc. is a leading REIT focusing on life science, agtech, and technology campuses in major innovation clusters, aiming to maintain its competitive edge through effective leasing and development strategies [1] Financial Performance - Alexandria is set to announce its quarterly earnings on October 27, 2025, with analysts predicting an EPS of $2.31, reflecting a 2.5% decrease from the previous year, although consistent EPS estimates over the last 30 days indicate analyst confidence [2][5] - The company is expected to report revenue of $756 million for the quarter, representing a 4.5% decline year-over-year, primarily due to reduced same-store performance and challenges in re-leasing, compounded by free rent burn-off effects [3][5] Market Position - In the previous quarter, Alexandria exceeded the Zacks Consensus Estimate for adjusted FFO per share by 1.75%, demonstrating its ability to navigate market challenges and leverage opportunities within its specialized sectors [4] - The price-to-sales ratio is approximately 4.37, indicating that investors are willing to invest $4.37 for every dollar of sales, reflecting a level of confidence in Alexandria's revenue capabilities [4]

Core Insights - Aecon Group Inc. is collaborating with Kiewit and Black & Veatch through a joint venture named Cascade Nuclear Partners to design, plan, and construct the first four of twelve Xe-100 small modular reactors (SMR) in partnership with Energy Northwest [1][3][6] Group 1: Project Overview - The Xe-100 SMR, developed by X-energy, will provide 80 megawatts of electricity per reactor, with the first phase generating up to 320 megawatts from four modules [2] - The project will be located near Energy Northwest's Columbia Generating Station in Richland, WA, and is expected to begin construction by the end of the decade, with operations targeted for the 2030s [3][4] Group 2: Strategic Importance - This project represents a significant step for Aecon in expanding its nuclear energy portfolio in the U.S. and globally, highlighting the company's strategic focus on nuclear opportunities [3][4] - The selection of Cascade Nuclear Partners is seen as a strategic milestone, reflecting confidence in their specialized knowledge and collaborative approach [6] Group 3: Industry Context - Aecon is currently involved in delivering North America's first grid-scale SMR through the Darlington New Nuclear Project and is executing the three largest nuclear refurbishments in North America [6] - The collaboration aims to set a new standard for nuclear energy infrastructure, contributing to the development of reliable, carbon-free power solutions in the Pacific Northwest [7][8]

Core Viewpoint - Aecon Group Inc. is advancing its role in the nuclear energy sector through a joint venture, Cascade Nuclear Partners, to develop the first four of twelve Xe-100 small modular reactors (SMR) in collaboration with Energy Northwest [1][3][6]. Company Overview - Aecon Group Inc. is a North American construction and infrastructure development company with extensive experience in various sectors, including nuclear [8]. Project Details - The Cascade Advanced Energy Facility will consist of four Xe-100 SMRs, each generating 80 megawatts, totaling up to 320 megawatts of electricity [2]. - The facility will be located near Energy Northwest's Columbia Generating Station in Richland, WA [2]. - Construction is expected to begin by the end of the decade, with operations targeted for the 2030s [3]. Strategic Importance - The project represents a significant milestone for Aecon, reflecting its strategic focus on nuclear opportunities in the U.S. and globally [3][4]. - Aecon's expertise in nuclear construction and its collaborative approach are highlighted as key factors for the project's success [6][7]. Partnerships and Collaborations - Cascade Nuclear Partners includes Kiewit and Black & Veatch, both of which bring extensive experience in nuclear engineering and project delivery [7][8]. - The partnership aims to set a new standard for nuclear energy infrastructure while providing reliable, carbon-free power for the Pacific Northwest [7][8]. Future Outlook - The project is part of a broader trend towards advanced nuclear technologies and is expected to contribute to the energy transition towards carbon-free solutions [3][4].