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News  ›  GlobeNewswire Inc.

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Alexandria Real Estate Equities, Inc. (ARE)

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Gainey Mckenna & Egleston
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Alexandria Real Estate Equities, Inc. (ARE)

A securities class action lawsuit has been filed against Alexandria Real Estate Equities for allegedly providing misleading statements about revenue and property performance, resulting in a significant stock price drop after revealing financial underperformance and a substantial real estate impairment charge.

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ARE   negative

Company disclosed below-expectation financial results, cut FFO guidance, reported a $323.9 million real estate impairment charge, and experienced a 19% stock price decline following negative financial revelations