Alexandria Real Estate(US:ARE) The Motley Fool·2025-10-31 08:15Core Insights - Alexandria Real Estate Equities (ARE) experienced a significant decline in stock value, dropping over 27% following a disappointing quarterly earnings report and an analyst downgrade [1][6]. Financial Performance - In the third quarter, Alexandria reported a nearly 5% decrease in total revenue, falling to just under $752 million [4]. - The non-GAAP (adjusted) funds from operations (FFO) decreased by more than 7%, reaching nearly $378 million [4]. - Average occupancy for Alexandria's properties declined to 91.4%, down from 94.8% a year ago, indicating a steep decline by REIT standards [4]. Guidance and Analyst Commentary - Management lowered the adjusted FFO guidance for 2025 to $9.01 from a previous estimate of $9.26, providing no relief to investors [4]. - Analyst Thomas Catherwood from BTIG downgraded Alexandria's stock from buy to neutral, citing concerns over occupancy decline and market oversupply, despite acknowledging the company's strengths in the life sciences segment [7].