Alexandria Real Estate Stock Slides as Lab-Leasing Weakness Overshadows Q1 Profit Jump
Alexandria Real Estate Equities, Inc. tumbled roughly 9% to $41.40 on Tuesday, hitting a session low of $39.52, as investors reacted to the company’s first-quarter results. Though the life-science landlord reported a sizable accounting profit, underlying operating trends proved softer than expected, according to market data.