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Alexandria Real Estate price target lowered to $98 from $100 at RBC Capital

RBC Capital lowered the firm’s price target on Alexandria Real Estate (ARE) to $98 from $100 and keeps a Sector Perform rating on the shares following the Q2 earnings report. Management highlighted some optimism that the macro backdrop is starting to stabilize, and more tenants are re-engaging in the leasing market, but the price target reduction reflects higher G&A, lower capitalized interest and overhead, and expected 1Q26 move-outs, the analyst tells investors in a research note.

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