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Home Finance Alexandria Posts $638.5MM Q3 Loss on Impairments as San Diego Occupancy Runs 12 Points Above Market
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Alexandria Posts $638.5MM Q3 Loss on Impairments as San Diego Occupancy Runs 12 Points Above Market

October 28, 20263 Mins read7
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Pasadena-based Alexandria Real Estate Equities swung to a $638.5 million third-quarter loss on nearly $638 million of real estate write-downs, even as it posted its strongest leasing quarter since late 2024, sold a minority stake in its Campus Point Megacampus in San Diego for $475 million and kept its San Diego occupancy more than 12 percentage points above the broader lab market.

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