Alexandria Real Estate Sued Over Q3 Disclosures as Class Action Proceeds in California

Overview

• A securities class action has been filed alleging Alexandria Real Estate misled investors about leasing, occupancy, and the tenant pipeline tied to its Long Island City property.
• The complaint cites an October 27 disclosure of a $323.9 million impairment, including about $206 million for the LIC asset, along with reduced guidance and below-expectation Q3 results.
• Shares fell roughly 19% on October 28 after the company reported declining revenue and a 7% drop in adjusted funds from operations.
• Bleichmar Fonti & Auld identifies the case as Hern v. Alexandria Real Estate Equities, Inc., with claims under Sections 10(b) and 20(a) and SEC Rule 10b-5 in the Central District of California.
• Multiple investor-rights firms are soliciting class members for the January 27–October 27, 2025 class period, and notices state no class is certified as investors consider the lead-plaintiff step.