XML 106 R46.htm IDEA: XBRL DOCUMENT v3.24.4

Income taxes (Tables)

12 Months Ended

Dec. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of income tax treatment of distribution and dividends declared

The income tax treatment of distributions and dividends declared on our common stock for the years ended December 31,

2024, 2023, and 2022 was as follows (unaudited):

	Year Ended December 31,
	2024		2023		2022
Ordinary income	65.7%		87.8%		57.4%
Return of capital	1.6		—		—
Capital gains at 25%	13.9		0.2		8.1
Capital gains at 20%	18.8		12.0		34.5
Total	100.0%		100.0%		100.0%
Dividends declared	$5.19		$4.96		$4.72

Reconciliation of GAAP net income to taxable income as filed with the IRS

The following reconciles net income (determined in accordance with GAAP) to taxable income as filed with the IRS for the

years ended December 31, 2023 and 2022 (in thousands and unaudited):

		Year Ended December 31,
		2023		2022
Net income		$280,994		$670,701
Net income attributable to noncontrolling interests		(177,355)		(149,041)
Book/tax differences:
Rental revenue recognition		134,778		(6,824)
Depreciation and amortization		331,322		225,319
Share-based compensation		73,320		45,656
Interest expense		(126,756)		(104,519)
Sales of property		7,784		(330,820)
Impairments		80,134		26,322
Non-real estate investments loss		209,092		369,021
Other		15,463		10,653
Taxable income before dividend deduction		828,776		756,468
Dividend deduction necessary to eliminate taxable income(1)		(828,776)		(756,468)
Estimated income subject to federal income tax		$—		$—

(1)Total common stock dividend distributions paid were approximately $847.5 million and $757.7 million during the years ended December 31, 2023 and 2022, respectively.

X

- Definition

Tabular disclosure of income tax treatment of distributions and dividends declared.

+ References

No definition available.

+ Details

Name:	are_ScheduleOfTaxabilityOfDistributionsAndDividendDeclaredTableTextBlock
Namespace Prefix:	are_
Data Type:	dtr-types1:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration