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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue $ 713,788 $ 659,852 $ 2,128,483 $ 1,918,681
Expenses:        
Rental operations 217,687 201,189 636,454 578,801
General and administrative 45,987 49,958 140,065 134,286
Interest 11,411 22,984 42,237 76,681
Depreciation and amortization 269,370 254,929 808,227 737,666
Impairment of real estate 20,649 38,783 189,224 38,783
Loss on early extinguishment of debt 0 0 0 3,317
Total expenses 565,104 567,843 1,816,207 1,569,534
Equity in earnings of unconsolidated real estate joint ventures 242 40 617 473
Investment loss (80,672) (32,305) (204,051) (312,105)
Gain on sales of real estate 0 323,699 214,810 537,918
Net income 68,254 383,443 323,652 575,433
Net income attributable to noncontrolling interests (43,985) (38,747) (131,584) (108,092)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders 24,269 344,696 192,068 467,341
Net income attributable to unvested restricted stock awards (2,414) (3,257) (7,697) (5,866)
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ 21,855 $ 341,439 $ 184,371 $ 461,475
Earnings (loss) per share – basic (USD per share) $ 0.13 $ 2.11 $ 1.08 $ 2.88
Earnings (loss) per share - diluted (USD per share) $ 0.13 $ 2.11 $ 1.08 $ 2.88
Income from rentals        
Revenue $ 707,531 $ 656,853 $ 2,099,819 $ 1,910,366
Other income        
Revenue $ 6,257 $ 2,999 $ 28,664 $ 8,315