Condensed Consolidating Financials - Cash Flows (Details) - USD ($) $ in Thousands |
3 Months Ended |
6 Months Ended |
12 Months Ended |
Jun. 30, 2019 |
Jun. 30, 2018 |
Jun. 30, 2019 |
Jun. 30, 2018 |
Dec. 31, 2018 |
Operating Activities |
|
|
|
|
|
Net income |
$ 87,179
|
$ 60,547
|
$ 223,997
|
$ 202,065
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
Depreciation and amortization |
134,437
|
118,852
|
268,524
|
233,071
|
|
Impairment of real estate |
0
|
6,311
|
0
|
6,311
|
|
Loss on early extinguishment of debt |
0
|
0
|
7,361
|
0
|
|
Equity in earnings of unconsolidated real estate JVs |
(1,262)
|
(1,090)
|
(2,408)
|
(2,234)
|
|
Distributions of earnings from unconsolidated real estate joint ventures |
|
|
1,679
|
287
|
|
Amortization of loan fees |
|
|
4,613
|
5,136
|
|
Amortization of debt discounts (premiums) |
|
|
(1,583)
|
(1,181)
|
|
Amortization of acquired below-market leases |
|
|
(15,202)
|
(11,368)
|
|
Deferred rent |
|
|
(52,441)
|
(55,890)
|
|
Stock compensation expense |
|
|
22,466
|
15,223
|
|
Equity in earnings of affiliates |
0
|
0
|
0
|
0
|
|
Investment income |
|
|
(105,056)
|
(98,091)
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Tenant receivables |
|
|
573
|
1,552
|
|
Deferred leasing costs |
|
|
(23,471)
|
(29,705)
|
|
Other assets |
|
|
560
|
(15,055)
|
|
Accounts payable, accrued expenses, and tenant security deposits |
|
|
(21,272)
|
8,120
|
|
Net cash (used in) provided by operating activities |
|
|
308,340
|
258,241
|
|
Investing Activities |
|
|
|
|
|
Additions to real estate |
|
|
(577,322)
|
(431,225)
|
|
Purchases of real estate |
|
|
(715,030)
|
(688,698)
|
|
Deposits (paid) returned for investing activities |
|
|
(9,000)
|
5,500
|
|
Investments in subsidiaries |
|
|
0
|
0
|
|
Acquisition of interest in unconsolidated joint venture |
|
|
0
|
(35,922)
|
|
Investments in unconsolidated real estate joint ventures |
|
|
(95,950)
|
(44,486)
|
|
Additions to investments |
|
|
(104,902)
|
(118,775)
|
|
Sales of investments |
|
|
49,967
|
44,707
|
|
Net cash used in investing activities |
|
|
(1,452,237)
|
(1,268,899)
|
|
Financing Activities |
|
|
|
|
|
Borrowings from secured notes payable |
|
|
0
|
9,044
|
|
Repayments of borrowings from secured notes payable |
|
|
(302,878)
|
(3,162)
|
|
Proceeds from issuance of unsecured senior notes payable |
|
|
854,209
|
899,321
|
|
Borrowings from unsecured senior line of credit |
|
|
2,114,000
|
2,469,000
|
|
Repayments of borrowings from unsecured senior line of credit |
|
|
(1,808,000)
|
(2,519,000)
|
|
Transfers to/from parent company |
|
|
0
|
0
|
|
Payment of loan fees |
|
|
(15,796)
|
(8,003)
|
|
Taxes paid related to net settlement of equity awards |
|
|
(4,086)
|
0
|
|
Repurchase of Series D preferred stock |
|
|
(9,240)
|
0
|
|
Proceeds from issuance of common stock |
|
|
85,394
|
400,207
|
|
Dividends on common stock |
|
|
(218,914)
|
(183,040)
|
|
Dividends on preferred stock |
|
|
(2,132)
|
(2,604)
|
|
Contributions from and sales of noncontrolling interests |
|
|
441,251
|
14,564
|
|
Distributions to and purchases of noncontrolling interests |
|
|
(24,590)
|
(19,841)
|
|
Net cash provided by financing activities |
|
|
1,109,218
|
1,056,486
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
774
|
(1,173)
|
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
|
(33,905)
|
44,655
|
|
Cash, cash equivalents, and restricted cash, beginning of period |
|
|
272,130
|
277,186
|
$ 277,186
|
Cash, cash equivalents, and restricted cash, end of period |
238,225
|
321,841
|
238,225
|
321,841
|
272,130
|
Supplemental Disclosures and Non-Cash Investing and Financing Activities: |
|
|
|
|
|
Cash paid during the period for interest, net of interest capitalized |
|
|
71,338
|
68,885
|
|
Non-Cash Investing Activities |
|
|
|
|
|
Change in accrued construction |
|
|
5,558
|
48,074
|
|
Accrued construction for current-period additions to real estate |
|
|
181,922
|
183,573
|
|
Assumption of secured notes payable in connection with purchase of properties |
|
|
(28,200)
|
0
|
|
Noncash, right-of-use asset |
|
|
239,653
|
0
|
|
Noncash, lease liability |
|
|
(245,638)
|
0
|
|
Eliminations |
|
|
|
|
|
Operating Activities |
|
|
|
|
|
Net income |
(263,936)
|
(207,290)
|
(552,859)
|
(494,294)
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
Depreciation and amortization |
0
|
0
|
0
|
0
|
|
Impairment of real estate |
|
0
|
|
0
|
|
Loss on early extinguishment of debt |
|
|
0
|
|
|
Equity in earnings of unconsolidated real estate JVs |
0
|
0
|
0
|
0
|
|
Distributions of earnings from unconsolidated real estate joint ventures |
|
|
0
|
0
|
|
Amortization of loan fees |
|
|
0
|
0
|
|
Amortization of debt discounts (premiums) |
|
|
0
|
0
|
|
Amortization of acquired below-market leases |
|
|
0
|
0
|
|
Deferred rent |
|
|
0
|
0
|
|
Stock compensation expense |
|
|
0
|
0
|
|
Equity in earnings of affiliates |
263,936
|
207,290
|
552,859
|
494,294
|
|
Investment income |
|
|
0
|
0
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Tenant receivables |
|
|
0
|
0
|
|
Deferred leasing costs |
|
|
0
|
0
|
|
Other assets |
|
|
0
|
0
|
|
Accounts payable, accrued expenses, and tenant security deposits |
|
|
0
|
0
|
|
Net cash (used in) provided by operating activities |
|
|
0
|
0
|
|
Investing Activities |
|
|
|
|
|
Additions to real estate |
|
|
0
|
0
|
|
Purchases of real estate |
|
|
0
|
0
|
|
Deposits (paid) returned for investing activities |
|
|
0
|
0
|
|
Investments in subsidiaries |
|
|
2,269,492
|
1,865,964
|
|
Acquisition of interest in unconsolidated joint venture |
|
|
|
0
|
|
Investments in unconsolidated real estate joint ventures |
|
|
0
|
0
|
|
Additions to investments |
|
|
0
|
0
|
|
Sales of investments |
|
|
0
|
0
|
|
Net cash used in investing activities |
|
|
2,269,492
|
1,865,964
|
|
Financing Activities |
|
|
|
|
|
Borrowings from secured notes payable |
|
|
|
0
|
|
Repayments of borrowings from secured notes payable |
|
|
0
|
0
|
|
Proceeds from issuance of unsecured senior notes payable |
|
|
0
|
0
|
|
Borrowings from unsecured senior line of credit |
|
|
0
|
0
|
|
Repayments of borrowings from unsecured senior line of credit |
|
|
0
|
0
|
|
Transfers to/from parent company |
|
|
(2,269,492)
|
(1,865,964)
|
|
Payment of loan fees |
|
|
0
|
0
|
|
Taxes paid related to net settlement of equity awards |
|
|
0
|
|
|
Repurchase of Series D preferred stock |
|
|
0
|
|
|
Proceeds from issuance of common stock |
|
|
0
|
0
|
|
Dividends on common stock |
|
|
0
|
0
|
|
Dividends on preferred stock |
|
|
0
|
0
|
|
Contributions from and sales of noncontrolling interests |
|
|
0
|
0
|
|
Distributions to and purchases of noncontrolling interests |
|
|
0
|
0
|
|
Net cash provided by financing activities |
|
|
(2,269,492)
|
(1,865,964)
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
0
|
0
|
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
|
0
|
0
|
|
Cash, cash equivalents, and restricted cash, beginning of period |
|
|
0
|
0
|
0
|
Cash, cash equivalents, and restricted cash, end of period |
0
|
0
|
0
|
0
|
0
|
Supplemental Disclosures and Non-Cash Investing and Financing Activities: |
|
|
|
|
|
Cash paid during the period for interest, net of interest capitalized |
|
|
0
|
0
|
|
Non-Cash Investing Activities |
|
|
|
|
|
Change in accrued construction |
|
|
0
|
0
|
|
Accrued construction for current-period additions to real estate |
|
|
0
|
0
|
|
Assumption of secured notes payable in connection with purchase of properties |
|
|
0
|
|
|
Noncash, right-of-use asset |
|
|
0
|
|
|
Noncash, lease liability |
|
|
0
|
|
|
Alexandria Real Estate Equities, Inc. (Issuer) |
|
|
|
|
|
Operating Activities |
|
|
|
|
|
Net income |
78,767
|
54,730
|
207,926
|
190,360
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
Depreciation and amortization |
1,752
|
1,647
|
3,415
|
3,324
|
|
Impairment of real estate |
|
0
|
|
0
|
|
Loss on early extinguishment of debt |
|
|
0
|
|
|
Equity in earnings of unconsolidated real estate JVs |
0
|
0
|
0
|
0
|
|
Distributions of earnings from unconsolidated real estate joint ventures |
|
|
0
|
0
|
|
Amortization of loan fees |
|
|
4,412
|
4,260
|
|
Amortization of debt discounts (premiums) |
|
|
(17)
|
378
|
|
Amortization of acquired below-market leases |
|
|
0
|
0
|
|
Deferred rent |
|
|
0
|
0
|
|
Stock compensation expense |
|
|
22,466
|
15,223
|
|
Equity in earnings of affiliates |
(142,651)
|
(106,552)
|
(328,618)
|
(292,720)
|
|
Investment income |
|
|
0
|
43
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Tenant receivables |
|
|
0
|
0
|
|
Deferred leasing costs |
|
|
0
|
0
|
|
Other assets |
|
|
(462)
|
(10,894)
|
|
Accounts payable, accrued expenses, and tenant security deposits |
|
|
1,239
|
(726)
|
|
Net cash (used in) provided by operating activities |
|
|
(89,639)
|
(90,752)
|
|
Investing Activities |
|
|
|
|
|
Additions to real estate |
|
|
0
|
0
|
|
Purchases of real estate |
|
|
0
|
0
|
|
Deposits (paid) returned for investing activities |
|
|
0
|
0
|
|
Investments in subsidiaries |
|
|
(1,155,762)
|
(1,010,580)
|
|
Acquisition of interest in unconsolidated joint venture |
|
|
|
0
|
|
Investments in unconsolidated real estate joint ventures |
|
|
0
|
0
|
|
Additions to investments |
|
|
0
|
0
|
|
Sales of investments |
|
|
0
|
0
|
|
Net cash used in investing activities |
|
|
(1,155,762)
|
(1,010,580)
|
|
Financing Activities |
|
|
|
|
|
Borrowings from secured notes payable |
|
|
|
0
|
|
Repayments of borrowings from secured notes payable |
|
|
0
|
0
|
|
Proceeds from issuance of unsecured senior notes payable |
|
|
854,209
|
899,321
|
|
Borrowings from unsecured senior line of credit |
|
|
2,114,000
|
2,469,000
|
|
Repayments of borrowings from unsecured senior line of credit |
|
|
(1,808,000)
|
(2,519,000)
|
|
Transfers to/from parent company |
|
|
213,388
|
96,432
|
|
Payment of loan fees |
|
|
(8,714)
|
(8,003)
|
|
Taxes paid related to net settlement of equity awards |
|
|
(4,086)
|
|
|
Repurchase of Series D preferred stock |
|
|
(9,240)
|
|
|
Proceeds from issuance of common stock |
|
|
85,394
|
400,207
|
|
Dividends on common stock |
|
|
(218,914)
|
(183,040)
|
|
Dividends on preferred stock |
|
|
(2,132)
|
(2,604)
|
|
Contributions from and sales of noncontrolling interests |
|
|
0
|
0
|
|
Distributions to and purchases of noncontrolling interests |
|
|
0
|
0
|
|
Net cash provided by financing activities |
|
|
1,215,905
|
1,152,313
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
0
|
0
|
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
|
(29,496)
|
50,981
|
|
Cash, cash equivalents, and restricted cash, beginning of period |
|
|
119,305
|
130,516
|
130,516
|
Cash, cash equivalents, and restricted cash, end of period |
89,809
|
181,497
|
89,809
|
181,497
|
119,305
|
Supplemental Disclosures and Non-Cash Investing and Financing Activities: |
|
|
|
|
|
Cash paid during the period for interest, net of interest capitalized |
|
|
63,970
|
56,392
|
|
Non-Cash Investing Activities |
|
|
|
|
|
Change in accrued construction |
|
|
0
|
0
|
|
Accrued construction for current-period additions to real estate |
|
|
0
|
0
|
|
Assumption of secured notes payable in connection with purchase of properties |
|
|
0
|
|
|
Noncash, right-of-use asset |
|
|
0
|
|
|
Noncash, lease liability |
|
|
0
|
|
|
Alexandria Real Estate Equities, L.P. (Guarantor Subsidiary) |
|
|
|
|
|
Operating Activities |
|
|
|
|
|
Net income |
118,918
|
98,698
|
220,031
|
198,053
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
Depreciation and amortization |
0
|
0
|
0
|
0
|
|
Impairment of real estate |
|
0
|
|
0
|
|
Loss on early extinguishment of debt |
|
|
0
|
|
|
Equity in earnings of unconsolidated real estate JVs |
0
|
0
|
0
|
0
|
|
Distributions of earnings from unconsolidated real estate joint ventures |
|
|
0
|
0
|
|
Amortization of loan fees |
|
|
0
|
0
|
|
Amortization of debt discounts (premiums) |
|
|
0
|
0
|
|
Amortization of acquired below-market leases |
|
|
0
|
0
|
|
Deferred rent |
|
|
0
|
0
|
|
Stock compensation expense |
|
|
0
|
0
|
|
Equity in earnings of affiliates |
(118,947)
|
(98,795)
|
(219,918)
|
(197,677)
|
|
Investment income |
|
|
(113)
|
(375)
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Tenant receivables |
|
|
0
|
0
|
|
Deferred leasing costs |
|
|
0
|
0
|
|
Other assets |
|
|
0
|
0
|
|
Accounts payable, accrued expenses, and tenant security deposits |
|
|
0
|
(2)
|
|
Net cash (used in) provided by operating activities |
|
|
0
|
(1)
|
|
Investing Activities |
|
|
|
|
|
Additions to real estate |
|
|
0
|
0
|
|
Purchases of real estate |
|
|
0
|
0
|
|
Deposits (paid) returned for investing activities |
|
|
0
|
0
|
|
Investments in subsidiaries |
|
|
(1,091,328)
|
(838,102)
|
|
Acquisition of interest in unconsolidated joint venture |
|
|
|
0
|
|
Investments in unconsolidated real estate joint ventures |
|
|
0
|
0
|
|
Additions to investments |
|
|
0
|
0
|
|
Sales of investments |
|
|
172
|
377
|
|
Net cash used in investing activities |
|
|
(1,091,156)
|
(837,725)
|
|
Financing Activities |
|
|
|
|
|
Borrowings from secured notes payable |
|
|
|
0
|
|
Repayments of borrowings from secured notes payable |
|
|
0
|
0
|
|
Proceeds from issuance of unsecured senior notes payable |
|
|
0
|
0
|
|
Borrowings from unsecured senior line of credit |
|
|
0
|
0
|
|
Repayments of borrowings from unsecured senior line of credit |
|
|
0
|
0
|
|
Transfers to/from parent company |
|
|
1,091,156
|
837,717
|
|
Payment of loan fees |
|
|
0
|
0
|
|
Taxes paid related to net settlement of equity awards |
|
|
0
|
|
|
Repurchase of Series D preferred stock |
|
|
0
|
|
|
Proceeds from issuance of common stock |
|
|
0
|
0
|
|
Dividends on common stock |
|
|
0
|
0
|
|
Dividends on preferred stock |
|
|
0
|
0
|
|
Contributions from and sales of noncontrolling interests |
|
|
0
|
0
|
|
Distributions to and purchases of noncontrolling interests |
|
|
0
|
0
|
|
Net cash provided by financing activities |
|
|
1,091,156
|
837,717
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
0
|
0
|
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
|
0
|
(9)
|
|
Cash, cash equivalents, and restricted cash, beginning of period |
|
|
0
|
9
|
9
|
Cash, cash equivalents, and restricted cash, end of period |
0
|
0
|
0
|
0
|
0
|
Supplemental Disclosures and Non-Cash Investing and Financing Activities: |
|
|
|
|
|
Cash paid during the period for interest, net of interest capitalized |
|
|
0
|
0
|
|
Non-Cash Investing Activities |
|
|
|
|
|
Change in accrued construction |
|
|
0
|
0
|
|
Accrued construction for current-period additions to real estate |
|
|
0
|
0
|
|
Assumption of secured notes payable in connection with purchase of properties |
|
|
0
|
|
|
Noncash, right-of-use asset |
|
|
0
|
|
|
Noncash, lease liability |
|
|
0
|
|
|
Combined Non- Guarantor Subsidiaries |
|
|
|
|
|
Operating Activities |
|
|
|
|
|
Net income |
153,430
|
114,409
|
348,899
|
307,946
|
|
Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
|
|
Depreciation and amortization |
132,685
|
117,205
|
265,109
|
229,747
|
|
Impairment of real estate |
|
6,311
|
|
6,311
|
|
Loss on early extinguishment of debt |
|
|
7,361
|
|
|
Equity in earnings of unconsolidated real estate JVs |
(1,262)
|
(1,090)
|
(2,408)
|
(2,234)
|
|
Distributions of earnings from unconsolidated real estate joint ventures |
|
|
1,679
|
287
|
|
Amortization of loan fees |
|
|
201
|
876
|
|
Amortization of debt discounts (premiums) |
|
|
(1,566)
|
(1,559)
|
|
Amortization of acquired below-market leases |
|
|
(15,202)
|
(11,368)
|
|
Deferred rent |
|
|
(52,441)
|
(55,890)
|
|
Stock compensation expense |
|
|
0
|
0
|
|
Equity in earnings of affiliates |
(2,338)
|
(1,943)
|
(4,323)
|
(3,897)
|
|
Investment income |
|
|
(104,943)
|
(97,759)
|
|
Changes in operating assets and liabilities: |
|
|
|
|
|
Tenant receivables |
|
|
573
|
1,552
|
|
Deferred leasing costs |
|
|
(23,471)
|
(29,705)
|
|
Other assets |
|
|
1,022
|
(4,161)
|
|
Accounts payable, accrued expenses, and tenant security deposits |
|
|
(22,511)
|
8,848
|
|
Net cash (used in) provided by operating activities |
|
|
397,979
|
348,994
|
|
Investing Activities |
|
|
|
|
|
Additions to real estate |
|
|
(577,322)
|
(431,225)
|
|
Purchases of real estate |
|
|
(715,030)
|
(688,698)
|
|
Deposits (paid) returned for investing activities |
|
|
(9,000)
|
5,500
|
|
Investments in subsidiaries |
|
|
(22,402)
|
(17,282)
|
|
Acquisition of interest in unconsolidated joint venture |
|
|
|
(35,922)
|
|
Investments in unconsolidated real estate joint ventures |
|
|
(95,950)
|
(44,486)
|
|
Additions to investments |
|
|
(104,902)
|
(118,775)
|
|
Sales of investments |
|
|
49,795
|
44,330
|
|
Net cash used in investing activities |
|
|
(1,474,811)
|
(1,286,558)
|
|
Financing Activities |
|
|
|
|
|
Borrowings from secured notes payable |
|
|
|
9,044
|
|
Repayments of borrowings from secured notes payable |
|
|
(302,878)
|
(3,162)
|
|
Proceeds from issuance of unsecured senior notes payable |
|
|
0
|
0
|
|
Borrowings from unsecured senior line of credit |
|
|
0
|
0
|
|
Repayments of borrowings from unsecured senior line of credit |
|
|
0
|
0
|
|
Transfers to/from parent company |
|
|
964,948
|
931,815
|
|
Payment of loan fees |
|
|
(7,082)
|
0
|
|
Taxes paid related to net settlement of equity awards |
|
|
0
|
|
|
Repurchase of Series D preferred stock |
|
|
0
|
|
|
Proceeds from issuance of common stock |
|
|
0
|
0
|
|
Dividends on common stock |
|
|
0
|
0
|
|
Dividends on preferred stock |
|
|
0
|
0
|
|
Contributions from and sales of noncontrolling interests |
|
|
441,251
|
14,564
|
|
Distributions to and purchases of noncontrolling interests |
|
|
(24,590)
|
(19,841)
|
|
Net cash provided by financing activities |
|
|
1,071,649
|
932,420
|
|
Effect of foreign exchange rate changes on cash and cash equivalents |
|
|
774
|
(1,173)
|
|
Net increase (decrease) in cash, cash equivalents, and restricted cash |
|
|
(4,409)
|
(6,317)
|
|
Cash, cash equivalents, and restricted cash, beginning of period |
|
|
152,825
|
146,661
|
146,661
|
Cash, cash equivalents, and restricted cash, end of period |
$ 148,416
|
$ 140,344
|
148,416
|
140,344
|
$ 152,825
|
Supplemental Disclosures and Non-Cash Investing and Financing Activities: |
|
|
|
|
|
Cash paid during the period for interest, net of interest capitalized |
|
|
7,368
|
12,493
|
|
Non-Cash Investing Activities |
|
|
|
|
|
Change in accrued construction |
|
|
5,558
|
48,074
|
|
Accrued construction for current-period additions to real estate |
|
|
181,922
|
$ 183,573
|
|
Assumption of secured notes payable in connection with purchase of properties |
|
|
(28,200)
|
|
|
Noncash, right-of-use asset |
|
|
239,653
|
|
|
Noncash, lease liability |
|
|
$ (245,638)
|
|
|