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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue $ 791,607 $ 713,788 $ 2,327,449 $ 2,128,483
Expenses:        
Rental operations 233,265 217,687 668,833 636,454
General and administrative 43,945 45,987 135,629 140,065
Interest 43,550 11,411 130,179 42,237
Depreciation and amortization 293,998 269,370 872,272 808,227
Impairment of real estate 5,741 20,649 36,504 189,224
Total expenses 620,499 565,104 1,843,417 1,816,207
Equity in earnings of unconsolidated real estate joint ventures 139 242 424 617
Investment income (loss) 15,242 (80,672) 14,866 (204,051)
Gain on sales of real estate 27,114 0 27,506 214,810
Net income 213,603 68,254 526,828 323,652
Net income attributable to noncontrolling interests (45,656) (43,985) (141,634) (131,584)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders 167,947 24,269 385,194 192,068
Net income attributable to unvested restricted stock awards (3,273) (2,414) (10,717) (7,697)
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ 164,674 $ 21,855 $ 374,477 $ 184,371
Earnings (loss) per share – basic (USD per share) $ 0.96 $ 0.13 $ 2.18 $ 1.08
Earnings (loss) per share - diluted (USD per share) $ 0.96 $ 0.13 $ 2.18 $ 1.08
Income from rentals        
Revenue $ 775,744 $ 707,531 $ 2,286,457 $ 2,099,819
Other income        
Revenue $ 15,863 $ 6,257 $ 40,992 $ 28,664