Core Viewpoint - A class action has been filed against Alexandria Real Estate Equities, Inc. (ARE) for allegedly misleading investors about its financial prospects and the performance of its Long Island City property [1][2]. Summary by Sections Allegations - Robbins LLP is investigating claims that Alexandria misled investors regarding its expected revenue and funds from operations (FFO) growth for fiscal year 2025, particularly concerning its real estate operations [2]. - The complaint states that the company provided overly positive statements about lease activity, occupancy stability, and tenant pipeline development while concealing adverse facts about its Long Island City property [2]. Financial Results - On October 27, 2025, Alexandria reported disappointing financial results for Q3 2025 and reduced its FFO guidance for the full year [3]. - The company cited lower occupancy rates, slower leasing activity, and a significant real estate impairment charge of $323.9 million, with $206 million attributed to the Long Island City property [3]. - Following this announcement, Alexandria's stock price dropped approximately 19%, from $77.87 per share to $62.94 per share [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Alexandria and can contact Robbins LLP if they wish to serve as lead plaintiffs [4]. - Participation in the case is not required to be eligible for recovery, and shareholders can remain absent class members if they choose [4]. About Robbins LLP - Robbins LLP is recognized for its work in shareholder rights litigation, focusing on helping shareholders recover losses and improve corporate governance [5].
ARE Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Class Action Lawsuit Against Alexandria Real Estate Equities, Inc.