Key Highlights

  • Third quarter 2026 FFO per share, as adjusted, came in at USD 1.54 versus USD 2.22 a year earlier, so the USD 0.72 quarterly payment equals a calculated 47% payout at Alexandria Real Estate Equities, Inc.
  • On a calculated basis, the Dividend is 45% lower than the USD 1.32 paid for the third quarter of 2025, and it has stayed at USD 0.72 since the previous quarter.
  • Impairments of USD 638 million, linked largely to development work, land and lab conversion opportunities, pushed the third quarter 2026 diluted net loss to USD 3.74 per share.
  • Liquidity of USD 4.6 billion sits alongside net Debt at 6.9x adjusted EBITDA, compared with a year-end target of 5.6x to 6.2x, as it pursues about USD 2.6 billion of dispositions.

Declared Amount, Dates and Calculated Annual Rate at Alexandria Real Estate Equities, Inc. (NYSE:ARE)

For Alexandria Real Estate Equities, Inc. (NYSE:ARE), the third quarter 2026 payout of USD 0.72 per share carries a September 30, 2026 Record Date and an October 15, 2026 payment date. Annualized, that equals a calculated USD 2.88 per share, consistent with the preceding quarter. Based on the August 28, 2026 close, the Yield was cited at 5.6%, and the Payout Ratio for the three months to June 30, 2026 was 42%, a level the company called conservative. Compared with USD 1.32 for the third quarter of 2025, the present rate is 45% smaller on a calculated basis.

FFO Coverage, Impairments and Leasing Momentum at Alexandria Real Estate Equities, Inc. (NYSE:ARE)

For Alexandria Real Estate Equities, Inc. (NYSE:ARE), diluted FFO per share, as adjusted, strips out real estate gains and impairments, and it reached USD 1.54 in the third quarter of 2026 versus USD 2.22 a year earlier. On a calculated basis, USD 0.72 is roughly 47% of that figure. Impairments of USD 638 million produced a diluted net loss of USD 3.74 per share. Occupancy stood at 87.1%, while leases covering around 1.2 million rentable square feet marked the strongest leasing in about seven quarters, and same-property NOI fell 6.7%. FFO per share guidance is unchanged at USD 6.38 to USD 6.42, with a midpoint of USD 6.40.

Leverage, Liquidity and Disposition Progress at Alexandria Real Estate Equities, Inc. (NYSE:ARE)

At Alexandria Real Estate Equities, Inc. (NYSE:ARE), net debt stood at 6.9x adjusted EBITDA on September 30, 2026, versus a year-end target of 5.6x to 6.2x, while liquidity totalled USD 4.6 billion. Debt due in 2027 totals USD 350 million, while USD 1 billion of junior subordinated notes at 7.25% earned 50% Equity Credit from rating agencies. Dispositions completed so far total USD 717 million, among them a USD 475 million Campus Point joint venture, and another USD 355 million is under contract. The main threats are weak life science Demand and slow asset sales.

Where Things Stand

The quarterly payout from Alexandria Real Estate Equities, Inc. (NYSE:ARE) is USD 0.72 per share, a calculated USD 2.88 annualized and 45% below the USD 1.32 of the third quarter of 2025. Dividing the USD 0.72 by third quarter 2026 FFO per share, as adjusted (USD 1.54), gives a calculated 47%, which leaves retained cash for deleveraging. Leverage of 6.9x (net debt to adjusted EBITDA) sits above the year-end goal of 5.6x to 6.2x, and USD 350 million falls due in 2027. Sales totalling roughly USD 2.6 billion, both finished and pending, are the key to hitting the leverage objective relative to a USD 1.9 billion midpoint.