Alexandria Real Estate Equities, Inc.

On October 27, 2025, after market hours, Alexandria released its third quarter 2025 financial results, missing consensus estimates and cutting its full year FFO guidance “primarily due to lower investment gains and lower same-property performance driven by lower occupancy.” Additionally, the Company disclosed a real estate impairment charge of $323.9 million with $206 million attributed to its Long Island City property.

On this news, Alexandria’s stock price fell $14.93, or 19.2%, to close at $62.94 per share on October 28, 2025, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company's LIC value and potential growth as a life-science destination had been declining for years; (2) the Company overstated its LIC property’s value as a life-science destination and downplayed its declining leading value and occupancy stability; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.