Baron Capital's Baron Real Estate Income Fund acquired a new position in Alexandria Real Estate Equities, Inc. in the second quarter of 2026, according to the fund's Q2 2026 investor letter. The life science REIT accounted for 4.0% of the Fund's assets as of quarter end, with the fund citing signs that life science real estate fundamentals are beginning to stabilize after several years of weak demand, excess supply deliveries, and a rising cost of capital. The Fund gained 12.18% on Institutional Shares in the quarter, modestly outperforming the MSCI US REIT Index, which rose 11.84%, and Morningstar ranks it the #2 real estate fund since its December 2017 inception. Alexandria closed at $53.52 per share on September 16, 2026, with a one-month return of 5.70% and a 52-week loss of 36.01%, a market capitalization of $9.33 billion, and a 52-week trading range between $39.41 and $88.24. Baron said it expects Alexandria's growth to inflect positively over the next couple of years while the company sells select properties and accretively recycles capital into share repurchases.
Alexandria Real Estate Equities IncBaron Real Estate Income Fund disclosed a new Q2 2026 stake in Alexandria, citing stabilizing life science fundamentals and expected positive growth inflection with property sales recycled into buybacks.
Morningstar Inc
Owens & Minor IncBaron Capital is the fund manager whose Q2 2026 letter and new Alexandria position are reported, but the article gives no independent development affecting Baron itself.
