Earnings per share (Tables)

9 Months Ended

Sep. 30, 2023

Reconciliation of the numerators and denominators of the basic and diluted earnings per share computations

The table below reconciles the numerators and denominators of the basic and diluted EPS computations for the three and nine months ended September 30, 2023 and 2022 (in thousands, except per share amounts):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
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 unvested restricted stock awards	(2,414)		(3,257)		(7,697)		(5,866)
Numerator for basic and diluted EPS – net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders	$	21,855	$	341,439	$	184,371	$	461,475

Denominator for basic EPS – weighted-average shares of common stock outstanding	170,890		161,554		170,846		160,400
Dilutive effect of forward equity sales agreements	—		—		—		—
Denominator for diluted EPS – weighted-average shares of common stock outstanding	170,890		161,554		170,846		160,400
Net income per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders:
Basic	$	0.13	$	2.11	$	1.08	$	2.88
Diluted	$	0.13	$	2.11	$	1.08	$	2.88