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News  ›  GlobeNewswire Inc.

Deadline Alert: Alexandria Real Estate Equities, Inc. (ARE) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Glancy Prongay & Murray Llp
Deadline Alert: Alexandria Real Estate Equities, Inc. (ARE) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit

Alexandria Real Estate Equities faces a class action lawsuit alleging misleading statements about its Long Island City property's value, with stock price dropping 19.2% after revealing a $323.9 million real estate impairment charge.

Insights
BN   positive

Impressive 20% annualized AUM growth, rose 46 places in rankings


ARE   negative

Company disclosed significant property impairment, missed financial estimates, experienced substantial stock price decline, and is facing a class action lawsuit alleging misleading statements about property value and business prospects