Alexandria Real Estate narrows 2026 adjusted FFO guidance to $6.38-$6.42 a share
ARE•Alexandria Real Estate Equities narrowed its 2026 adjusted FFO guidance to $6.38-$6.42 per share from $6.35-$6.45, keeping the midpoint at $6.40. It lowered its forecast midpoint for dispositions and partial-interest sales to $1.9 billion from $2.9 billion.
1. Updated 2026 outlook
Alexandria Real Estate Equities narrowed its 2026 adjusted FFO guidance to $6.38-$6.42 per share from $6.35-$6.45, retaining the $6.40 midpoint. The company forecast dispositions and partial-interest sales at a $1.9 billion midpoint, down from $2.9 billion, following $1 billion of junior subordinated notes.
2. Occupancy and 2027 outlook
Year-end operating occupancy guidance remains 86.2%-87.8%, compared with 87.1% at September 30. Average operating occupancy is expected to decline in 2027, reflecting downtime on roughly 1.4 million square feet of lease expirations. Same-property net operating income performance is expected to improve but remain negative in 2027, with further improvement expected in 2028.
