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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Total revenues $ 751,944 $ 791,607 $ 2,272,142 $ 2,327,449
Expenses:        
Rental operations 239,234 233,265 690,062 668,833
General and administrative 29,224 43,945 89,027 135,629
Interest 54,852 43,550 161,024 130,179
Depreciation and amortization 340,230 293,998 1,028,415 872,272
Impairment of real estate 323,870 5,741 485,630 36,504
Loss on early extinguishment of debt 107 0 107 0
Total expenses 987,517 620,499 2,454,265 1,843,417
Equity in earnings (losses) of unconsolidated real estate joint ventures 201 139 (9,327) 424
Investment income (loss) 28,161 15,242 (52,453) 14,866
Gain on sales of real estate 9,366 27,114 22,531 27,506
Net (loss) income (197,845) 213,603 (221,372) 526,828
Net income attributable to noncontrolling interests (34,909) (45,656) (127,323) (141,634)
Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s stockholders (232,754) 167,947 (348,695) 385,194
Net income attributable to unvested restricted stock awards (2,183) (3,273) (7,452) (10,717)
Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ (234,937) $ 164,674 $ (356,147) $ 374,477
Earnings (loss) per share – basic (USD per share) $ (1.38) $ 0.96 $ (2.09) $ 2.18
Earnings (loss) per share - diluted (USD per share) $ (1.38) $ 0.96 $ (2.09) $ 2.18
Income from rentals        
Total revenues $ 735,849 $ 775,744 $ 2,216,303 $ 2,286,457
Other income        
Total revenues $ 16,095 $ 15,863 $ 55,839 $ 40,992