BNP Paribas Exane cuts target for Alexandria Real Estate stock
Published on 10/02/2026 at 12:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Alexandria Real Estate (ISIN US0152711091) stock now carries a USD 40.00 price target, down from USD 48.00, after BNP Paribas Exane retained an underperform rating on September 30, 2026, MarketBeat reports. The latest target cut puts analyst caution against a 2026 operating picture that remains pressured by occupancy and lease expirations.
Target cut meets weaker occupancy
Alexandria reported USD 662.8 million of revenue in the second quarter of 2026, down 13.00 percent from USD 762.0 million in the second quarter of 2025, according to the company's filing summary on StockTitan. Adjusted funds from operations per share fell to USD 1.73 from USD 2.33 in the comparable quarter, a decline of 25.75 percent.
Operating occupancy was 86.90 percent in the second quarter of 2026, or 90.90 percent including signed leases that had not yet been occupied. Same-property net operating income fell 10.60 percent during the quarter, while the company recorded USD 222.5 million of real estate impairment charges.
Guidance holds as dispositions matter
Management maintained its 2026 adjusted funds-from-operations guidance midpoint at USD 6.40 per share and expects USD 2.9 billion of 2026 dispositions, partial-interest sales and other capital sources, the StockTitan filing summary states. That capital plan matters because net debt and preferred stock stood at 7.0 times adjusted EBITDA on a second-quarter 2026 annualized basis, above the company's fourth-quarter target range of 5.6 to 6.2 times.
Liquidity stood at USD 3.60 billion at the end of the second quarter of 2026, while 97.00 percent of leases signed during the quarter included annual rent escalations. Leasing volume exceeded 1.0 million rentable square feet, but the combination of lower occupancy, weaker same-property income and the large disposition target leaves execution as the central operating variable.
Alexandria Real Estate stock stays below yearly high
Primary-market context places Alexandria Real Estate at a USD 47.03 NYSE close on October 1, 2026, with a 52-week range of USD 39.41 to USD 85.37. Market capitalization was USD 8.2 billion as of October 1, 2026, while the latest quarter produced USD 336.968 million in operating cash flow.
Alexandria Real Estate stock was trading at EUR 41.98 at Lang & Schwarz on October 2, 2026 at 12:03 p.m. CEST, up plus 0.65 percent versus the EUR 41.71 prior close at Lang & Schwarz on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Alexandria Real Estate stock.
Alexandria Real Estate stock facts
- Company: Alexandria Real Estate Equities, Inc.
- ISIN: US0152711091
- WKN: 907179
- Ticker: ARE
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 2, 2026, 12:03 p.m. CEST): EUR 41.98
- Change versus prior close: plus 0.65 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 41.71
- Market capitalization: USD 8.2 billion (as of October 1, 2026)
- 52-week range: USD 39.41-85.37 (as of October 1, 2026)
- Sector / Industry: Real Estate / REIT - Office
- Index membership: S&P 500
