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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue $ 766,734 $ 713,900 $ 1,535,842 $ 1,414,695
Expenses:        
Rental operations 217,254 211,834 435,568 418,767
General and administrative 44,629 45,882 91,684 94,078
Interest 45,789 17,072 86,629 30,826
Depreciation and amortization 290,720 273,555 578,274 538,857
Impairment of real estate 30,763 168,575 30,763 168,575
Total expenses 629,155 716,918 1,222,918 1,251,103
Equity in earnings of unconsolidated real estate joint ventures 130 181 285 375
Investment loss (43,660) (78,268) (376) (123,379)
Gain on sales of real estate 0 214,810 392 214,810
Net income 94,049 133,705 313,225 255,398
Net income attributable to noncontrolling interests (47,347) (43,768) (95,978) (87,599)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders 46,702 89,937 217,247 167,799
Net income attributable to unvested restricted stock awards (3,785) (2,677) (7,444) (5,283)
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ 42,917 $ 87,260 $ 209,803 $ 162,516
Earnings (loss) per share – basic (USD per share) $ 0.25 $ 0.51 $ 1.22 $ 0.95
Earnings (loss) per share - diluted (USD per share) $ 0.25 $ 0.51 $ 1.22 $ 0.95
Income from rentals        
Revenue $ 755,162 $ 704,339 $ 1,510,713 $ 1,392,288
Other income        
Revenue $ 11,572 $ 9,561 $ 25,129 $ 22,407