NYSE$ARE

Alexandria Real Estate Equities Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Alexandria Real Estate reported Q3 2025 total revenues of $724M with a net loss attributable to common stockholders of $235M and diluted EPS of ($1.38).

Total revenues were $724.1 million for the quarter ended September 30, 2025, while a net loss attributable to common stockholders of $234.9 million reflected property impairment charges on non-Megacampus assets.

  • Q3 total revenues $724.1M.
  • Net loss attributable to common stockholders $234.9M; diluted EPS ($1.38).
  • Impairment charges on retail and office assets weighed on GAAP earnings.
  • Life science Megacampus leasing and development remain strategic priorities.

Headline financials

Total Revenue

$752M

Previous: $792M-5.0%
EPS (adj)

-$1.38

Previous: $0.96-243.8%
Occupancy North America

90.6%

Previous: 94.7%-4.3%
Operating Margin

68.0%

No prior period
Adjusted EBITDA Margin

71.0%

No prior period
Investment-grade tenants

53.0%

No prior period
Top 20 tenant WALT

9.4

No prior period
Portfolio WALT

7.5

No prior period
Rental Rate Changes

15.2%

No prior period
Rental Rate Changes (Cash)

6.1%

No prior period
Capital Expenditures

-$1.54B

Previous: -$2.13B+27.9%
Net Income

-$198M

Previous: $168M-217.8%
Operating Income

-$198M

Previous: $200M-199.1%

Revenue & EPS history

Alexandria · Revenue · Quarterly

$752M

Q3 2025-5%vs Q3 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Forward guidance

The release discusses Alexandria Real Estate Equities's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Occupancy, rents, and financing costs remain focal for investors.
  • Alexandria Real Estate Equities cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Property impairments and life-science tenant demand can create GAAP earnings volatility.
  • GAAP profitability remained under pressure in Q3 2025.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Interest rates and refinancing activity affect REIT earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-0.2%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+6.2%

Q3 2022

Best reaction

-19.2%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.3%+1.8%+23.1%
Q1 2026-10.2%-9.2%+8.1%
Q3 2025-19.2%-25.2%-31.2%
Q1 2025-5.7%-3.3%-7.4%
Q4 2024-4.8%-4.7%-1.1%
Q3 2024-3.1%-7.2%-14.4%
Q2 2024-3.0%-5.0%-7.5%
Q1 2024+3.3%+0.5%+6.1%
Q4 2023-2.5%-2.3%-2.4%
Q3 2023+0.5%-3.6%+10.0%
Q2 2023+0.4%+2.7%-4.8%
Q1 2023-3.1%-0.2%-8.1%
Q4 2022+0.0%+4.4%-11.1%
Q3 2022+6.2%+10.4%+15.0%
Q2 2022+4.2%+10.4%+6.1%
Q1 2022-2.6%-7.0%-18.1%
Q4 2021+3.0%+0.6%+0.0%
Q3 2021+0.4%-2.0%+1.0%
Q2 2021+1.9%+2.2%+3.5%
Q1 2021-0.7%+1.0%-1.1%
Q4 2020-0.4%+2.7%-4.6%
Q3 2020-2.7%-5.6%+1.3%
Q2 2020+3.1%+5.3%+1.1%
Q1 2020+1.8%+1.0%+1.3%
Q4 2019+2.8%+2.7%+0.1%
Q3 2019-1.2%+0.1%+2.6%
Q2 2019+3.2%+1.0%+2.8%
Q1 2019-0.6%-0.7%+0.6%
Q4 2018-0.7%+1.3%+5.3%
Q3 2018+2.4%-0.8%+2.6%
Q2 2018+4.0%+4.0%+4.5%
Q1 2018+3.6%+3.0%+0.4%
Q4 2017-0.6%-1.9%-4.1%
Q3 2017+1.5%+2.6%+3.9%
Q2 2017+0.5%+0.2%-0.8%
Q1 2017+1.8%+2.1%+3.7%
Q4 2016-1.7%-1.9%+4.8%
Q3 2016+2.3%-1.8%+4.5%
Q2 2016-2.5%-0.8%-2.0%
Q1 2016+0.8%
Q4 2015-3.7%
Q3 2015+1.7%
Q2 2015+0.1%
Q1 2015-0.3%
Q4 2014-0.5%
Q3 2014-0.8%
Q2 2014+0.1%
Q1 2014+0.3%
Q4 2013+2.3%
Q3 2013-2.2%
Q2 2013-1.4%
Q1 2013+3.1%
Q4 2012-0.2%
Q3 2012+0.5%
Q2 2012+1.4%
Q1 2012+0.9%
Q4 2010-3.4%
Q4 2011-3.4%
Q3 2011-4.2%
Q2 2011-5.2%
Q1 2010-5.5%
Q1 2011+1.5%
Q4 2008-4.5%
Q3 2010-2.4%
Q3 2009-2.4%
Q2 2010-0.5%
Q2 2009-0.5%
Q4 2009-0.5%

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