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lexandria Real Estate Equities (ARE) saw its shares slide more than 27% this week after a weak Q3 report and an analyst downgrade. The REIT disclosed a 4.9% drop in total revenue to $751.9 million and a 7.2% decline in non‑GAAP FFO to $378 million. Occupancy fell to 91.4% from 94.8% a year earlier, raising concerns about market oversupply. Management cut its 2025 adjusted FFO guidance to $9.01 from $9.26, offering no upside for investors.
On Wednesday, BTIG analyst Thomas Catherwood moved the rating from buy to neutral, citing the occupancy slump and supply issues despite the company’s strong life‑sciences portfolio. The stock closed down 4.07%, trading at $56.37, a $2.39 decline.
