Q2 FY2026 EarningsQ2 FY26 revenue of $662.8M slightly beat the $655.0M consensus (+1.19%), supported by resilient rental income. However, GAAP EPS of $(0.43) was a massive miss against the $0.07 expected, driven by $222.5M in non-cash real estate impairment charges across core markets. Operational metrics showed significant pressure, with same-property NOI down 10.6% YoY and occupancy dropping to 86.9%. Management narrowed the FY26 FFO guidance range to $6.35-$6.45, maintaining the $6.40 midpoint, but cautioned on lower interest capitalization in Q4.
Financial report interval: 2026.03.30 - 2026.06.30
Overview: Alexandria Real Estate Eq(ARE) the Revenue is 662.78 M (-13.03%), Beat estimate;the EBIT is 114.2 M (-29.66%), Beat estimate;the EPS is -0.43 (+32.81%), Miss estimate.
Actual
YoY
Estimate
YoY
Vs estimate
YoY
RevenueExceed expectations
0.66B13.03%
0.66B14.05%
+0.01B1.02%
EBITExceed expectations
0.11B29.66%
0.09B47.41%
+0.03B17.75%
EPSMiss expectations
-0.4332.81%
0.0732111.43%
-0.503278.62%
Upcoming earnings report - FY2026 Q3 Earning Release
Available dateOct 26, 2026
Estimate Revenue652.05 M
Estimate EBIT76.65 M
Estimate EPS-0.0523
Revenue
ActualEstimateUnit: USD
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Net income
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