Wedbush lowered the firm’s price target on Alexandria Real Estate (ARE) to $120 from $130 and keeps a Neutral rating on the shares. The firm notes Alexandria Real Estate reported a footnote-heavy Q3 result involving the impact from future asset sales, lease expirations, asset-specific strategy shifts to redevelopment, and expected NOI downtimes that Wedbush thinks may make FFO growth out of reach for 2025.
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Read More on ARE:
- Alexandria narrows FY24 adjusted FFO view to $9.45-$9.49 from $9.41-$9.53
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