ARE · News · 20260804N

Same-Property NOI Growth

ALEXANDRIA REAL ESTATE EQUITIES, INC. · 2026-08-04 · Importance 36 · Surprise 40

Net operating income declined 10% in Q2 2026 as rents fell and vacancies increased. The decline persisted despite higher leasing volume, indicating that occupancy and pricing pressure outweighed leasing gains during the quarter. Alexandria expects same-property performance to improve in the second half of 2026.

Key facts

• ARE expects improved same-property performance in the second half of the year (stated expectation). source
• Net operating income declined by 10% in Q2. source