Alexandria Posts $1.54 FFO and $638.5MM Loss as Bay Area Occupancy Runs 12 Points Above Market

Alexandria Real Estate Equities held its 2026 earnings outlook steady and signed its busiest quarter of leasing in nearly two years, but $637.9 million in impairments, many tied to Peninsula buildings it once planned to convert to labs, pushed the life science landlord to a third-quarter loss as it braces for a softer first half of 2027.