Alexandria Investors Face Jan. 26 Deadline to Seek Lead Role in Securities Class Action

Overview

• The federal case is pending in the U.S. District Court for the Central District of California as Hern v. Alexandria Real Estate Equities, Inc., No. 2:25-cv-11319.
• The putative class covers purchases of Alexandria securities from January 27, 2025 through October 27, 2025.
• The complaint alleges the company overstated leasing strength and the value of its Long Island City property while downplaying declining occupancy and leasing activity.
• On October 27, 2025, Alexandria reported roughly a 5% revenue decline, a 7% drop in adjusted FFO, occupancy down to 91.4%, and a $323.9 million impairment including $206 million tied to the LIC asset, followed by a ~19% share-price fall on October 28.
• Alexandria disclosed potential additional fourth-quarter impairments ranging from $0 to $685 million, while multiple investor firms this week urged motions for lead-plaintiff status and noted that no class has been certified.