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- Securities Litigation (new) — A securities class action and three derivative suits were filed in late 2025 and 2026, alleging material misrepresentations related to business performance and real estate impairment charges.
revenue $662.8M, net income -$72.8M. Alexandria Real Estate Q2: FFO falls 25%, occupancy drops to 86.9%, new securities suits
Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 21, 2025 · ~1 min read
Key Changes
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high
Funds from operations (FFO) as adjusted fell 25% to $296.1M for the quarter, driven by lower occupancy and same-property NOI declines.
MD&A: FFO verify on EDGAR → -
high
Operating occupancy dropped to 86.9% from 90.9% at year-end 2025, reflecting lease expirations and a life-science supply glut.
MD&A: Occupancy verify on EDGAR → -
high
Same-property net operating income decreased 10.6% (GAAP) and 8.6% (cash) for the quarter, a significant deterioration.
MD&A: Same-property NOI verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 3, 2026 · How we verify