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Stock impact report

Alexandria (ARE) Q1 2026 Earnings Transcript [Globe and Mail, The (Toronto, Canada)]

Alexandria Real Estate Equities, Inc. (ARE) 
Last alexandria real estate equities, inc. earnings: 4/27 04:10 pm Check Earnings Report
Chief Financial Officer — Marc E. Binda Co-Chief Executive Officer — Peter M. Moglia Executive Vice President, Science & Technology Operations — Hallie Kuhn Operator TAKEAWAYS FFO per Share Diluted, as Adjusted -- $1.73, with full-year 2026 guidance reaffirmed at the $6.40 midpoint and the range narrowed. Leasing Volume -- 647 thousand square feet, marking a lower quarter due primarily to 657 thousand square feet of anticipated expirations and no new public biotech leasing, which accounts for 24% of annual rental revenue. Development and Redevelopment Leasing Momentum -- 394 thousand square feet signed or under LOI, consisting of 118 thousand square feet executed and 276 thousand square feet in LOIs for current projects. Occupancy Rate -- 87.7%, a decline of 320 basis points sequentially, mainly from known lease expirations; guidance for year-end 2026 lowered to 87%. Same Property Net Operating Income -- Decreased 11.7% on a cash basis, largely driven by reduced occ Show less Read more
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