Alexandria Real Estate Equities, Inc. 2026 Financial Outlook

Alexandria Real Estate Equities, Inc. (ARE) has provided its financial outlook for 2026, expecting the midpoint of its funds from operations (FFO) per share, as adjusted, to be between $6.25 and $6.85. The company anticipates several factors to impact its 2026 results, including slower demand in the life science sector, increased supply for life science real estate, and key lease expirations in major markets. ARE also expects to introduce additional 2026 guidance at its Investor Day on December 3, 2025. The company has implemented cost-saving measures, projecting a 29% reduction in general and administrative expenses for 2025, with half of these savings expected to continue into 2026. ARE plans to manage its leverage profile through significant dispositions and other sources of capital, including the sale of non-core assets. The company's Board of Directors will carefully evaluate the 2026 dividend strategy due to potential reductions in FFO per share and net cash provided by operating activities.