| ARE |
Report |
Adjusted FFO per share |
BEAT |
pred ~$1.63 vs. cons $1.61 |
MEDIUM |
| ARE |
Report |
Operating occupancy |
IN-LINE |
pred ~86.7% vs. cons 86.7% |
MEDIUM |
| ARE |
Report |
Completed/pending dispositions and partial-interest sales |
MISS |
pred ~$0.35B vs. cons $0.65B |
MEDIUM |
| ARE |
Guide |
FY2026 adjusted FFO per share |
UNCHANGED |
guide ~$6.40 vs. cons $6.40 (FY2026) |
MEDIUM |
| ARE |
Guide |
4Q26 adjusted FFO per share run-rate |
LOWER |
guide ~$1.43 vs. cons $1.45 (4Q2026) |
MEDIUM |
| ARE |
Guide |
FY2026 dispositions and partial-interest sales |
UNCHANGED |
guide ~$2.90B vs. cons $2.90B (FY2026) |
MEDIUM |
| ARE |
Guide |
FY2026 year-end operating occupancy |
LOWER |
guide ~86.8% vs. cons 87.0% (FY2026) |
MEDIUM |
| ARE |
Return |
Day-1 residual (stock − beta × S&P 500) |
-5.5% |
— |
MEDIUM |
| ARE |
Return |
5-day cumulative residual |
-8.0% (FOLLOW-THROUGH) |
A modest ~$1.63 vs. $1.61 FFO beat is outweighed by weak ~$0.35B vs. $0.65B capital-recycling execution, a softer ~$1.43 vs. $1.45 4Q FFO setup, and reduced confidence in the 2027 earnings bridge; out-period estimates should reset lower. |
MEDIUM |