Businesswire·2025-12-18 01:00Core Viewpoint - Alexandria Real Estate Equities, Inc. is facing a federal securities class action lawsuit due to allegations of misleading information regarding its leasing spreads, development pipeline, and occupancy growth, particularly concerning its Long Island City property [3][4]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who acquired Alexandria securities between January 27, 2025, and October 27, 2025, alleging that the company lacked reliable information about its life-science properties [3]. - It is claimed that Alexandria's optimistic reports about its development pipeline and occupancy rates were materially misleading, as the value and growth potential of its Long Island City property had been declining for years [3]. Group 2: Financial Performance - On October 27, 2025, Alexandria reported Q3 2025 financial results that did not meet analyst expectations, showing declining revenues and a 7% decrease in adjusted funds from operations [4]. - The financial report included a real estate impairment charge of $323.9 million, with $206 million attributed to the Long Island City property, leading to a significant drop in share price by approximately 19.17% from $77.87 to $62.94 [4].