ALEXANDRIA REAL ESTATE EQUITIES INC
For the period ended Jun 30, 2024. Filed Jul 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 22, 2024
ARE$45.88+2.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenues: | ||||
| Income from rentals | $755,162 | $704,339 | $1,510,713 | $1,392,288 |
| Other income | 11,572 | 9,561 | 25,129 | 22,407 |
| Total revenues | 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 | — | 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 |
| Net income per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders: | ||||
| Basic | $0.25 | $0.51 | $1.22 | $0.95 |
| Diluted | $0.25 | $0.51 | $1.22 | $0.95 |
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