Alexandria Real Estate Hit With Federal Class Action Over Long Island City Disclosures

Investor law firms are recruiting shareholders ahead of a January 26, 2026 lead‑plaintiff deadline following a sharp post‑earnings stock drop.

Overview

The case, Warren Hern v. Alexandria Real Estate Equities, Inc. (No. 2:25-cv-11319), is filed in the U.S. District Court for the Central District of California.
The complaint alleges investors were misled about the company’s Long Island City life‑science asset, including leasing spreads, tenant pipeline, expected occupancy, and exposure to macroeconomic risks.
The proposed class period covers purchases of ARE securities from January 27, 2025 through October 27, 2025, inclusive.
On October 27, the company cut 2025 FFO guidance and recorded a $323.9 million impairment, including about $206 million tied to the LIC property, alongside a 5% revenue decline and a 7% drop in AFFO.
Alexandria’s shares fell more than 19% on October 28, 2025, and firms including Levi & Korsinsky, Holzer & Holzer, Faruqi & Faruqi, and Pomerantz are urging eligible investors to consider seeking lead‑plaintiff status by January 26, 2026.