Consolidated Statements of Operations - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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Total revenues | $ 762,040 | $ 766,734 | $ 1,520,198 | $ 1,535,842 |
Expenses: | ||||
Rental operations | 224,433 | 217,254 | 450,828 | 435,568 |
General and administrative | 29,128 | 44,629 | 59,803 | 91,684 |
Interest | 55,296 | 45,789 | 106,172 | 86,629 |
Depreciation and amortization | 346,123 | 290,720 | 688,185 | 578,274 |
Impairment of real estate | 129,606 | 30,763 | 161,760 | 30,763 |
Total expenses | 784,586 | 629,155 | 1,466,748 | 1,222,918 |
Equity in (losses) earnings of unconsolidated real estate joint ventures | (9,021) | 130 | (9,528) | 285 |
Investment loss | (30,622) | (43,660) | (80,614) | (376) |
Gain on sales of real estate | 0 | 0 | 13,165 | 392 |
Net (loss) income | (62,189) | 94,049 | (23,527) | 313,225 |
Net income attributable to noncontrolling interests | (44,813) | (47,347) | (92,414) | (95,978) |
Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s stockholders | (107,002) | 46,702 | (115,941) | 217,247 |
Net income attributable to unvested restricted stock awards | (2,609) | (3,785) | (5,269) | (7,444) |
Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders | $ (109,611) | $ 42,917 | $ (121,210) | $ 209,803 |
Earnings (loss) per share – basic (USD per share) | $ (0.64) | $ 0.25 | $ (0.71) | $ 1.22 |
Earnings (loss) per share - diluted (USD per share) | $ (0.64) | $ 0.25 | $ (0.71) | $ 1.22 |
Income from rentals | ||||
Total revenues | $ 737,279 | $ 755,162 | $ 1,480,454 | $ 1,510,713 |
Other income | ||||
Total revenues | $ 24,761 | $ 11,572 | $ 39,744 | $ 25,129 |
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense incurred and directly related to generating revenue by lessor from operating lease of rented property and equipment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The charge against earnings in the period to reduce the carrying amount of real property to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of earnings (loss) distributed and earnings (loss) allocated to participating securities for the diluted earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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