secwatch.observer — SEC 8-K summary
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Issuer:     ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE)
CIK:        0001035443
Form:       8-K
Filed at:   2023-07-13T23:59:59+00:00
Accession:  0001035443-23-000226
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Alexandria raises 2023 disposition guidance to $1.75B; records $169M impairment on office campus
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- Revised 2023 dispositions midpoint up $225M to $1.75B; construction spending midpoint up $210M to $2.9B.
- Q2 impairment charges of $168.6M, including $145.4M at 275 Grove Street (pure office campus).
- EPS guidance raised to $2.72-$2.78 from $2.21-$2.31, driven by $187M gain on sale.
- FFO per share (as adjusted) midpoint unchanged at $8.96; range narrowed 4 cents.
- Occupancy 93.6% as of June 30; leasing rental rate changes of 16.6% GAAP / 8.3% cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035443/000103544323000226/0001035443-23-000226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035443/000103544323000226/are-20230713.htm
  HTML page:      https://secwatch.observer/filing/0001035443-23-000226

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