Oct 26, 4:08 PM ET
Alexandria Real Estate Equities reported a third-quarter 2026 net loss of $638.5 million, or $3.74 per diluted share, compared with a loss of $234.9 million, or $1.38 per share, a year earlier. The loss includes $637.9 million of real estate impairment charges on assets held for sale, and FFO per diluted share, as adjusted, fell to $1.54 from $2.22, so shareholders face a large charge alongside lower core earnings, partly offset by strong leasing.
- 3Q26 net loss attributable to common stockholders was $638.5 million ($3.74 per diluted share), including $637.9 million of real estate impairment charges
- 3Q26 FFO per diluted share, as adjusted, was $1.54, versus $2.22 in 3Q25; year-to-date FFO per share was $5.00 versus $6.85
- 3Q26 total leasing volume was 1,236,030 RSF, the highest quarterly volume since 4Q24
- Company expects 4Q26 annualized leverage of 5.6x to 6.2x and reported liquidity of $4.56 billion as of September 30, 2026
Read the filing on SEC.gov ↗
Sep 24, 4:31 PM ET
Alexandria Real Estate Equities, Inc. said its fourth amended and restated credit agreement took effect on September 24, 2026, after an amendment modifying how certain hybrid debt instruments are treated. The agreement provides a $5 billion unsecured revolving credit facility with an accordion option to add up to $1 billion, and extends the revolver's maturity to January 22, 2032, subject to conditions.
- Revolving credit facility of $5 billion, with an accordion option for up to an additional $1 billion
- Margin at closing of 0.725% for Floating Rate and Daily RFR loans
- Maturity extended to January 22, 2032, with two six-month extension options subject to conditions
- Replaces the Existing Credit Agreement dated September 19, 2024; Citibank, N.A. is administrative agent
Read the filing on SEC.gov ↗
Aug 21, 4:30 PM ET
On August 21, 2026, Alexandria Real Estate Equities issued and sold $1 billion of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 in a registered public offering. The notes are unsecured, rank below all existing and future senior debt, and carry a rate that resets after February 15, 2032, which adds a long-term debt obligation for shareholders to weigh.
- Principal amount: $1,000,000,000 of notes, issued and sold on August 21, 2026
- Interest at 7.250% per year until February 15, 2032, then resets to the five-year U.S. Treasury rate plus 2.889%, with the rate not resetting below 7.250%
- Interest payable semi-annually on February 15 and August 15, beginning February 15, 2027; notes mature February 15, 2057
- Notes are junior subordinated and guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P.; trustee is U.S. Bank Trust Company, National Association
Read the filing on SEC.gov ↗
Aug 3, 4:07 PM ET
Alexandria Real Estate Equities reported a second-quarter 2026 net loss attributable to common stockholders of $73.7 million, or $0.43 per diluted share, narrower than the $109.6 million loss a year earlier. Funds from operations (FFO) as adjusted fell to $1.73 per diluted share from $2.33 in 2Q25, and same property net operating income declined 10.6%, which matters to shareholders because it reflects lower cash earnings from the portfolio.
- Net loss attributable to common stockholders was $73.7 million, or $0.43 per diluted share, in 2Q26, versus $109.6 million, or $0.64 per share, in 2Q25.
- FFO attributable to common stockholders, diluted and as adjusted, was $296.1 million, or $1.73 per share, versus $396.4 million, or $2.33 per share, in 2Q25.
- Same property net operating income fell 10.6% in 2Q26, which the company attributed to lower same property occupancy from previously disclosed lease expirations.
- The board declared a common stock dividend of $0.72 per share for 2Q26, consistent with the preceding quarter; no shares had been repurchased under the $500.0 million buyback program as of June 30, 2026.
Read the filing on SEC.gov ↗
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