Alexandria Real Estate initiated with a Hold at Jefferies

Jefferies initiated coverage of Alexandria Real Estate (ARE) with a Hold rating and $100 price target Alexandria is “a premier landlord” in the lab/life science space, with a strong balance sheet, track record and superior locations, but supply/demand imbalance remains a concern for the asset class, which limits the growth outlook, the analyst tells investors. The firm cites a combination of occupancy headwinds, narrowing re-leasing spreads and minimal accretion from development through 2026 for its caution.