Alexandria reports lower second-quarter FFO and narrows 2026 guidance

Alexandria Real Estate Equities reported a second-quarter 2026 net loss attributable to common stockholders of $73.7 million, or $0.43 per diluted share, and adjusted FFO of $296.1 million, or $1.73 per share, for the period ended June 30, 2026. The company narrowed its 2026 adjusted FFO-per-share guidance to $6.35–$6.45 from $6.30–$6.50, keeping the midpoint at $6.40, while same-property NOI fell 10.6% and operating occupancy was 86.9%. Alexandria also plans $2.9 billion of 2026 dispositions, partial-interest sales and other capital sources to fund $1.75 billion of construction and reduce debt, with $170.4 million completed as of August 3, 2026.