Feed - Buzzberg

18:00
Aug 04 ◎

ARE FY2026 Q2 Watch

Alexandria Real Estate Equities, Inc. (ARE) FY2026 Q2 Earnings Call

BMY ARE ▾

Marc (Chief Financial Officer)

Bristol Myers took a large, long-term build-to-suit at Alexandria's mega campus, indicating significant commitment to the region and strengthening ARE's income visibility.

"we delivered a 427,000 square foot build-a-suit to Bristol Myers at our Campus Point Mega Campus under a long-term lease which will provide significant net operating income and value to our shareholders."

BMY WATCH

Joel Marcus

Management reiterated full-year guidance, highlighted strong leasing momentum, and confirmed disposition targets, but also acknowledged persistent industry headwinds, a messy regulatory environment, and elevated vacancy, resulting in a cautious but stable outlook.

"We are very comfortable that we can and will meet our total target of $2.9 billion."

ARE WATCH

HIGH

18:00
Apr 28 ◎

ARE FY2026 Q1 Watch

Alexandria Real Estate Equities, Inc. (ARE) FY2026 Q1 Earnings Call

AMZN LDOS NVS BMY ARE ▾

Joel Marcus

Amazon is a significant tenant (25% of rent roll at one campus) for sophisticated research space, confirming ongoing demand for physical lab/tech space.

"Two tenants really make up maybe 25% of the rent roll there. One is Amazon. This is not a fulfillment or a distribution. This is part of, you know, I really can't say what part of Amazon, but it is a a very sophisticated and"

AMZN WATCH

Joel Marcus

Leidos is a tenant for advanced technology space (SCIFs, office), indicating demand from defense-tech institutions.

"And then we did a build-a-suit on that property. I think we showed you the buildings, or the building, several stories of brand new office for Leidos, who does the, they manufacture the advanced screening technology at airports, et cetera,"

LDOS WATCH

Joel Marcus

Management cites Novartis' CEO to support the thesis that AI cannot replace physical experimentation, implying durable need for wet lab space.

"Novartis' CEO who just joined the board of Anthropix said, we only understand less than 5% of the functioning of the human body today."

NVS WATCH

Joel Marcus

Bristol-Myers is a key tenant taking space at a new research hub, showing continued demand for high-quality lab space from large pharma.

"that campus holds, you know, primarily we're delivering the Bristol-Myers West Coast Research Headquarters Hub."

BMY WATCH

Mark Mendoza

Management reaffirmed EPS guidance with no change to the midpoint, but reduced guidance for occupancy and same property NOI, indicating a cautious and slightly negative outlook for the year amidst a difficult leasing environment.

"FFO per share diluted as adjusted was $1.73 for 1Q26. And we reaffirmed the midpoint of our guidance for FFO per share diluted as adjusted for 2026 at $6.40. while tightening the range."

ARE WATCH

HIGH

19:00
Jan 27 ◎

ARE FY2025 Q4 Watch

Alexandria Real Estate Equities, Inc. (ARE) FY2025 Q4 Earnings Call

ARE ▾

Mark Benda

Management is guiding to a continued downturn in 2026 with declining occupancy, lower same property NOI, and elevated leverage in Q1, indicating a short-term negative outlook despite a strong Q4 execution.

"We reiterated our outlook for same property performance for 2026 of down 8.5% at the midpoint of our guidance range..."

ARE WATCH

HIGH

Feed — Buzzberg