Globenewswire·2026-01-06 23:00Core Viewpoint - Alexandria Real Estate Equities, Inc. is facing a 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 [2]. Group 1: Lawsuit Details - The lawsuit claims that Alexandria lacked reliable information about its leasing spreads and development tenant pipeline, which misrepresented the company's growth potential in the life-science sector [2]. - It is argued that the value and growth potential of Alexandria's Long Island City property had been declining for years, contradicting the company's optimistic reports [2]. Group 2: Financial Performance - On October 27, 2025, Alexandria reported Q3 2025 financial results that did not meet analyst expectations, showing a decline in revenues and a 7% drop in adjusted funds from operations [3]. - The financial report indicated 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 the financial results announcement, Alexandria's share price fell by $14.93, approximately 19.17%, from $77.87 to $62.94 per share [3].