Citizens JMP Downgrades Alexandria Real Estate Equities (ARE) Stock

Core Viewpoint - Alexandria Real Estate Equities, Inc. (NYSE:ARE) has been downgraded to "Market Perform" by Citizens JMP due to uncertainties following Q3 2025 results, which showed a decline in earnings and other key metrics [1][2]. Financial Performance - The company's FFO per share diluted (as adjusted) for Q3 2025 was $2.22, down from $2.33 in Q2 2025, influenced by a 1.1% drop in occupancy and a $0.03 reduction in rental income from a tenant in Seattle [2]. - Total revenues for Q3 2025 decreased to $751.9 million from $791.6 million in Q3 2024, with rental income falling to $735.8 million from $775.7 million [3]. Guidance and Outlook - Alexandria Real Estate Equities has reduced its guidance for FFO per share diluted (as adjusted) for 2025 by $0.25, setting a new midpoint of $9.01 per share, primarily due to lower investment gains and decreased same-property performance linked to reduced occupancy [4].