RBC Capital lowered the firm's price target on Alexandria Real Estate to $50 from $60 and keeps a Sector Perform rating on the shares. The REIT's results painted a more uncertain picture as the team now plans to sell higher-quality assets, re-evaluate its current development strategy, and expects significant 2027 tenant move-outs, the analyst tells investors in a research note. RBC adds that Alexandria's FFO run rate will likely decline further in 2027.
