**Alexandria Real Estate Equities Reports Fiscal Year 2025 Results**

Alexandria Real Estate Equities, Inc., a life science real estate investment trust (REIT), reported its financial results for the fiscal year ending December 31, 2025. The company's total revenues reached $3.03 billion, a decrease of 2.9% compared to the $3.12 billion reported in the previous fiscal year. This decline was primarily attributed to dispositions of real estate assets within Non-Same Properties since January 1, 2024. Net loss attributable to Alexandria's common stockholders was $(1.44) billion, or $(8.44) per share, compared to net income of $309.6 million, or $1.80 per share, in the prior year.

Funds From Operations (FFO) attributable to common stockholders, as adjusted, totaled $1.53 billion, or $9.01 per share, compared to $1.63 billion, or $9.47 per share, for the previous fiscal year. The company's operating properties in North America maintained an occupancy rate of 90.9% as of December 31, 2025. Investment-grade or publicly traded large-cap tenants accounted for 53% of the total annual rental revenue in effect as of the same date. The company's same property net operating income decreased by 3.5%, while same property net operating income on a cash basis increased by 0.9%.

Strategic developments during the year included the execution of 205 leases, totaling 4.2 million rentable square feet (RSF), with a weighted-average lease term of 11.9 years. Rental rates on renewed and re-leased space increased by 7.0% on a straight-line basis and 3.5% on a cash basis. The company also completed $1.81 billion in dispositions and sales of partial interests, primarily consisting of non-core assets and land. As of December 31, 2025, the company had 514 employees.

Looking ahead, Alexandria provided guidance for fiscal year 2026, projecting FFO per share, as adjusted, to be in the range of $6.25 to $6.55. The company anticipates a decline in operating occupancy to approximately 88.5% as of December 31, 2026. The company expects to complete dispositions and sales of partial interests of approximately $2.90 billion. The company expects to reduce its outstanding debt by approximately $1.68 billion. The company expects capitalized interest of approximately $250 million and interest expense to increase to approximately $255 million. The company expects to generate realized gains of $75 million on non-real estate investments. The company expects to reduce its general and administrative expenses to $144 million.

About ALEXANDRIA REAL ESTATE EQUITIES, INC.

Alexandria Real Estate Equities, Inc. is a leading life science real estate investment trust (REIT) focused on developing and managing collaborative Megacampus ecosystems in key innovation clusters across North America. With a market capitalization of $29 billion, it targets tenants in biotechnology, pharmaceuticals, and research institutions. The company emphasizes high-quality Class A properties and strategic capital investments, enhancing tenant recruitment and retention while driving long-term asset value.

This description was generated via AI from an annual report. Updated 8 months ago.

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