Alexandria Real Estate Investors Face Jan. 26 Deadline in Securities Class Action Lead-Plaintiff Bids

The litigation stems from Alexandria's October disclosure of weaker results with a $323.9 million impairment largely tied to Long Island City.

Overview

Investors have until January 26, 2026 to seek appointment as lead plaintiff, with multiple firms issuing new notices urging action this week.
The 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.
Complaints allege the company misled investors about leasing strength and the Long Island City property's suitability as a life-science hub, including within its Megacampus strategy.
On October 27, 2025 the company reported below-expectation Q3 results, cut full-year FFO guidance, and took a $323.9 million impairment with about $206 million tied to the LIC asset, triggering a roughly 19% share drop.
No class has been certified, and on January 22, 2026 the Schall Law Firm announced a new investigation into the same issues.