Alexandria Real Estate reports Q2 loss but maintains strong leasing and narrows 2026 FFO guidance.

Alexandria Real Estate Equities reported a net loss of $73.7 million in Q2 2026, an improvement from the previous year's loss, with funds from operations (FFO) per share adjusted at $1.73. Despite occupancy challenges due to lease expirations, the company achieved strong leasing volume over 1 million RSF and maintains a solid balance sheet with $3.6 billion liquidity. It narrowed its 2026 FFO guidance to $6.35-$6.45 per share, reflecting stable operations and ongoing capital recycling strategies including asset dispositions and debt reduction. The company plans to focus on completing developments, reducing debt, and maintaining dividends while adapting some projects to lower-cost advanced technology uses.