The company said its net loss attributable to common stockholders on a diluted basis for Q1 2025 was $(0.07) per share, compared with net income of $0.97 per share in the same quarter of the prior year. Diluted FFO, as adjusted, was $2.30 per share, versus $2.35 in the same quarter of the prior year.

1. 01

   The company said its net loss attributable to common stockholders on a diluted basis for Q1 2025 was $(0.07) per share, compared with net income of $0.97 per share in the same quarter of the prior year. Diluted FFO, as adjusted, was $2.30 per share, versus $2.35 in the same quarter of the prior year.

2. 02

   The company set its 2025 guidance range for FFO per share, diluted, as adjusted, at $9.16 to $9.36 (midpoint of $9.26), and said the midpoint was 7 cents lower than the prior midpoint of $9.33. Citing re-leasing of expiring space and delays in leasing vacant space, the company lowered its midpoint for North American occupancy at year-end 2025 by 70 basis points.

3. 03

   Alexandria said North American occupancy of operating properties fell from 94.6% as of December 31, 2024 to 91.7% as of March 31, 2025. Same property net operating income changed (3.1)% (5.1% on a cash basis).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call. Some paragraphs were omitted because their support in the source could not be confirmed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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