Alexandria Real Estate(US:ARE) Businesswire·2026-01-26 14:27Core Viewpoint - Alexandria Real Estate Equities, Inc. is facing a federal securities class action due to allegations of making false and misleading statements regarding its Long Island City property and overall financial performance [1][3]. Financial Performance - Alexandria reported third quarter earnings for 2025 that fell short of analyst expectations, with a 5% decline in revenue and a 7% decline in adjusted funds from operation [4]. - The average occupancy rate decreased from 94.8% in the previous year to 91.4% [4]. - Following the financial results announcement, Alexandria's stock price dropped over 19% on October 28, 2025 [4]. Legal Proceedings - The law firm Faruqil & Faruqil, LLP is investigating potential claims against Alexandria and has set a deadline of January 26, 2026, for investors to seek the role of lead plaintiff in the class action [1][5]. - The complaint alleges that the company and its executives provided overwhelmingly positive statements while concealing material adverse facts about the company's property [3].