newsfilter
← Latest News
PR Newswire·

Alexandria Real Estate Equities, Inc. Reports 2Q26 and 1H26 Net (Loss) Income per Share - Diluted of $(0.43) and $1.68, respectively, and 2Q26 and 1H26 FFO per Share - Diluted, as Adjusted, of $1.73 and $3.46, respectively

ARE
  • Alexandria Real Estate Equities reported a diluted net loss of $73.7 million ($0.43 per share) for Q2 2026, compared to a loss of $109.6 million ($0.64 per share) in Q2 2025.
  • Adjusted Funds From Operations (FFO) for Q2 2026 were $296.1 million ($1.73 per share), down from $396.4 million ($2.33 per share) in the prior year quarter.
  • Operating occupancy stood at 86.9% as of June 30, 2026, while total occupancy including executed future leases reached 90.9%.
  • Total leasing volume for Q2 2026 exceeded 1.0 million RSF, a 60% increase from Q1 2026, with 75% of activity coming from the existing tenant base.
  • Same property Net Operating Income declined 10.6% in Q2 2026 due to lease expirations with expected downtime aggregating 260,888 RSF.
  • The company announced 2026 guidance for FFO per share of $6.35 to $6.45, narrowing the range but maintaining the $6.40 midpoint.
  • Capital recycling strategy targets $2.9 billion in dispositions and sales of partial interests for 2026, with $170 million completed as of August 3, 2026.
  • Capital allocation guidance includes $1.75 billion for construction and $1.675 billion for debt reduction to achieve a leverage target of 5.6x–6.2x.
  • The company extended its $5.0 billion unsecured senior line of credit maturity to January 22, 2032, reducing the borrowing rate to SOFR + 0.725%.
  • A dividend of $0.72 per share was declared for Q2 2026, maintaining consistency with the previous quarter.
  • Interest expense is projected to increase by $20 million in 2026 due to a shift in disposition completion dates and reduced capitalization of interest.
  • Development and redevelopment projects under evaluation include five assets totaling 1.4 million RSF, with potential pivots to advanced technology use to reduce costs.
  • Key lease expirations are estimated at 451,450 RSF in 2026 and 1.38 million RSF in 2027, with weighted-average downtime of 12 to 24 months.
  • Non-real estate investments totaled $1.69 billion as of June 30, 2026, generating $133.2 million in investment income for Q2 2026.
  • General and administrative expenses for Q2 2026 were $36.9 million, representing 6.6% of net operating income over the trailing twelve months.