Alexandria Real Estate Investors Face Jan. 26 Deadline in Securities Class Action

Overview

• The putative class action, Hern v. Alexandria Real Estate Equities, Inc., is pending in the U.S. District Court for the Central District of California.
• The complaint alleges the company overstated leasing strength, occupancy stability, and the tenant pipeline for its Long Island City asset.
• On Oct. 27, 2025, the company reported weaker Q3 results, cut full‑year FFO guidance, and recorded a $323.9 million impairment, including about $206 million tied to the Long Island City property, while flagging potential additional Q4 impairments up to $685 million.
• Shares fell about 19% the next trading day, dropping from $77.87 to $62.94 per share.
• Investors seeking to be appointed lead plaintiff must move by Jan. 26, 2026, as multiple firms solicit participants and no class has been certified.