Alexandria Real Estate Equities's results for Q3 2026 (ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-26. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $671 million (−10.7% vs a year earlier) |
| Diluted EPS (GAAP) | $-3.74 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $1.54 |
| Full-year guidance | Narrowed |
Guidance
Narrowed 2026 FFO per share, as adjusted, to $6.38–6.42 from $6.35–6.45, midpoint $6.40 unchanged; leverage target unchanged.
Why this label: Guidance table: FFO/share as adjusted $6.38-$6.42 vs $6.35-$6.45, 'No change to the midpoint, range narrowed by 6 cents'.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| FFO per share, diluted, as adjusted | FY2026 | $6.38–6.42 | $6.35–6.45 |
| net debt and preferred stock to adjusted EBITDA (4Q26 annualized) | FY2026 | 5.6x–6.2x | 5.6x–6.2x |
| fixed-charge coverage ratio (4Q26 annualized) | FY2026 | 3.4x–3.9x | 3.6x–4.1x |
| realized gains on non-real estate investments | FY2026 | $50–80 million | $60–90 million |
From the release
Revenue: "Total revenues · 671,182 · 751,944 · (80,762) · (10.7)"
Earnings per share: "3Q26 and YTD 3Q26 Net Loss per Share - Diluted of $3.74 and $2.06 , respectively, and 3Q26 and YTD 3Q26 FFO per Share - Diluted, as Adjusted, o f $1.54"
FFO per share, diluted, as adjusted: "Funds from operations per share, as adjusted (1) · $6.38 to $6.42 · $6.35 to $6.45 · No change to the midpoint, range narrowed by 6 cents"
net debt and preferred stock to adjusted EBITDA (4Q26 annualized): "Net debt and preferred stock to Adjusted EBITDA - 4Q26 annualized · 5.6x to 6.2x · 5.6x to 6.2x · No Change"
fixed-charge coverage ratio (4Q26 annualized): "Fixed-charge coverage ratio - 4Q26 annualized · 3.4x to 3.9x · 3.6x to 4.1x · 0.2x reduction (2)"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Q3 net loss of $3.74 per share on $637.9 million real estate impairments.
Source
Alexandria Real Estate Equities earnings release (SEC filing), accession 0001035443-26-000077, filed 2026-10-26.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.