The nation’s leading developer of lab buildings watched its shares lose 19% in value Tuesday after reporting widening losses, shrinking operating income and open spaces lingering on the market longer than anticipated.
Alexandria Real Estate Equities posted a $234.9M net loss in the third quarter, more than double its losses from three months prior, according to its quarterly earnings statement, which was released Monday evening.
A dramatic change in guidance spooked investors. Alexandria had previously projected it would bring in 50 cents of net income per share in 2025, but it revised that to a projected $2.94-per-share loss.
It attributed the change in part to expected losses from dispositions,…