XML 78 R5.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income from rentals $ 2,114,150 $ 1,885,637 $ 1,531,296
Expenses:      
Rental operations 623,555 530,224 445,492
General and administrative 151,461 133,341 108,823
Interest 142,165 171,609 173,675
Depreciation and amortization 821,061 698,104 544,612
Impairment of real estate 52,675 48,078 12,334
Loss on early extinguishment of debt 67,253 60,668 47,570
Total expenses 1,858,170 1,642,024 1,332,506
Equity in earnings of unconsolidated real estate joint ventures (12,255) (8,148) (10,136)
Investment income 259,477 421,321 194,647
Gain on sales of real estate 126,570 154,089 474
Net income 654,282 827,171 404,047
Net income attributable to noncontrolling interests (83,035) (56,212) (40,882)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders 571,247 770,959 363,165
Dividends on preferred stock 0 0 (3,204)
Preferred stock redemption charge 0 0 (2,580)
Net income attributable to unvested restricted stock awards (7,848) (10,168) (6,386)
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ 563,399 $ 760,791 $ 350,995
Earnings per share attributable to Alexandria's common stockholders - basic and diluted      
Earnings per share - basic (USD per share) $ 3.83 $ 6.03 $ 3.13
Earnings per share - diluted (USD per share) $ 3.82 $ 6.01 $ 3.12
Income from rentals      
Income from rentals $ 2,108,249 $ 1,878,208 $ 1,516,864
Other income      
Income from rentals $ 5,901 $ 7,429 $ 14,432