Alexandria Real Estate (ARE) Hits Fresh 52-Week Low on Disappointing Q3

Core Insights - Alexandria Real Estate Equities, Inc. (NYSE:ARE) experienced a significant decline in stock price, hitting a new 52-week low due to disappointing Q3 earnings performance [1][2]. Financial Performance - In Q3, Alexandria Real Estate reported a net loss attributable to shareholders of $232.7 million, compared to a net income of $168 million in the same period last year, indicating a substantial downturn [2]. - Revenue for the same quarter decreased by 5% to $751.9 million, down from $791.6 million year-on-year [2]. - For the nine-month period, the company recorded a net loss attributable to shareholders of $348.7 million, reversing from a net income of $385 million during the comparable period last year [3]. Future Outlook - The company downgraded its EPS guidance for 2025, now projecting a loss of $2.94 per share, down from a previous estimate of $0.50 [4]. - This revision includes potential impairments of up to $685 million that may be recognized in Q4 [4].