Alexandria Real Estate (ARE) Hits Fresh 52-Week Low on Disappointing Q3

We recently published 10 Stocks Crashing Hard Despite Highly Optimistic Market. Alexandria Real Estate Equities, Inc. is one of the worst-performing stocks on Tuesday.

Alexandria Real Estate fell to a new 52-week low on Tuesday, as investor sentiment was dampened by a disappointing earnings performance in the third quarter of the year.

During the session, the stock declined to its lowest price of $62.56 before trimming losses to end the day just down by 19.17 percent at $62.94 apiece.

This followed the sharp swing to net loss attributable to shareholders in the third quarter of the year, hitting $232.7 million versus a net income of $168 million in the same period last year.

Meanwhile, revenues declined by 5 percent to $751.9 million from $791.6 million year-on-year.

For the nine-month period, Alexandria Real Estate Equities, Inc. recorded a net loss attributable to shareholders of $348.7 million, reversing an attributable net income of $385 million during the same comparable period.

Looking ahead, Alexandria Real Estate Equities, Inc. also downgraded the midpoint of its EPS guidance for 2025 to a loss of $2.94 from $0.50 previously. The revision included additional impairments of up to $685 million, which may be recognized in the fourth quarter, among others.

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This article is originally published at Insider Monkey.