What Did Alexandria (NYSE:ARE), Public Storage (NYSE:PSA) and Welltower (NYSE:WELL) Announce on October 26?

Sonal Goyal

28 October 2026 12:12 AM AEDT

What Did Alexandria (NYSE:ARE), Public Storage (NYSE:PSA) and Welltower (NYSE:WELL) Announce on October 26?

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Key Highlights

Alexandria Real Estate Equities (NYSE:ARE) reported a 3Q26 net loss of $3.74 per diluted share and adjusted FFO of $1.54 per share.
Public Storage (NYSE:PSA) reported Core FFO of $4.34 per share and raised its 2026 outlook.
Welltower (NYSE:WELL) issued a business update on October 26, 2026.
The Alexandria and Public Storage figures cover the quarter ended September 30, 2026.

Three real estate companies made announcements on October 26, 2026: Alexandria Real Estate Equities, Inc. (NYSE:ARE), Public Storage (NYSE:PSA) and Welltower Inc. (NYSE:WELL). Alexandria and Public Storage reported results for the quarter ended September 30, 2026, while Welltower issued a business update.

Alexandria: Impairments Drive Net Loss

Alexandria reported a net loss attributable to common stockholders of $638.5 million, or $3.74 per diluted share, which included $637.9 million of real estate impairment charges tied to assets held for sale. Funds from operations per diluted share, as adjusted, were $1.54, compared with $2.22 a year earlier, and $5.00 year to date. Occupancy of operating properties was 87.1%, or 90.8% including executed leases with future occupancy. Total leasing volume exceeded 1.2 million rentable square feet, the highest quarterly total since 4Q24. In October 2026 the company sold an approximately 29% noncontrolling interest in Campus Point by Alexandria Megacampus for $475.0 million, and it declared a dividend of $0.72 per share. In August 2026 it completed a $1.00 billion offering of 7.250% junior subordinated notes due 2057, and it reported liquidity of $4.56 billion.

Public Storage: Core FFO Of $4.34 Per Share

Public Storage reported net income of $1.69 per share, down from $2.62, and Core FFO of $4.34 per share, up from $4.31. Same Store revenues rose 0.5% and average occupancy was 92.2%. The company raised its 2026 Core FFO guidance to a range of $16.90 to $17.10 per share and lifted its Same Store net operating income outlook by 90 basis points at the midpoint. It completed the all-stock acquisition of National Storage Affiliates on July 22, 2026, and the US$1.2 billion acquisition of PS Canada on September 1, 2026. It also issued $900 million of senior notes at 4.85% after hedging, and C$400 million of notes at 4.54%. Same Store net operating income rose 0.5% for the quarter, while revenues from the non-same store pool grew 90.8%.

Welltower: Business Update

Welltower said it issued a business update on October 26, 2026, which is published on its website at welltower.com/oct_26_26_business-update. The press release itself did not include financial figures. The company describes itself as an S&P 500 company focused on rental housing for aging seniors across the United States, the United Kingdom and Canada.

Why This Could Matter

Alexandria tied its capital recycling plans to dispositions and partial-interest sales, with $717 million completed as of October 26, 2026. Public Storage linked its guidance change to its operating results and said the NSA and PS Canada acquisitions advance its PS4.0 strategy. Welltower directed readers to its business update for details, and the release contained no further figures.

Wrapping Up

The announcements covered an impairment-driven loss at Alexandria, higher guidance at Public Storage and a business update from Welltower.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.