Alexandria Real Estate Equities Q3 Earnings Preview: Analysts Expect 2.5% AFFO Decrease

Alexandria Real Estate Equities, a leading urban office REIT, is expected to release its Q3 2025 earnings on October 27. Analysts project an AFFO of $2.31 per share, down 2.5% from the year-ago quarter. For fiscal 2025, analysts forecast AFFO of $9.23 per share, also down 2.5%. ARE's stock has underperformed the S&P 500 and XLRE over the past 52 weeks. However, following its Q2 2025 results, sentiment was boosted by a record 16-year lease with a multinational pharmaceutical tenant. Analysts have a "Moderate Buy" rating with an average price target of $97.43, indicating a potential upside of 25.3% from current levels.