ALEXANDRIA REAL ESTATE EQUITIES, INC. ARE Income Statement

Alexandria real estate equities, inc. (ARE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenue
439,919	408,114	390,484	373,856	358,842	340,463	341,823	325,034	320,139	298,791	285,370	273,059	270,877	249,162	230,379	226,076	216,089	223,955	218,610	204,156	196,753	188,674	185,615	176,402	176,186	168,823	158,315	153,930	150,083	150,343	142,850	145,593	135,711	115,485	138,054	143,321	139,920	106,804	120,314	117,010	116,493	115,826	121,039
Expenses:
Rental operations
129,103	121,852	116,450	105,689	101,501	97,682	99,759	91,908	91,771	88,073	83,469	76,980	77,087	73,244	72,002	67,325	65,837	68,913	68,846	62,250	61,223	56,881	57,423	52,353	52,507	49,892	47,684	46,277	45,186	45,998	44,203	42,102	40,453	35,119	40,859	40,595	41,061	28,272	33,154	30,335	31,548	31,218	29,224
General and administrative
31,963	29,782	27,930	26,434	24,677	22,385	22,660	22,939	22,421	18,910	17,636	19,234	19,229	17,458	15,854	15,384	15,188	15,102	15,143	14,989	14,387	13,861	12,609	13,836	13,224	12,751	11,666	12,455	11,648	12,622	12,470	12,298	10,357	10,562	10,289	10,764	9,497	8,558	8,042	8,266	9,479	9,611	8,804
Interest
45,739	45,493	46,203	42,879	39,100	40,239	42,244	38,097	36,915	36,082	31,031	31,748	29,784	31,223	25,850	25,025	24,855	28,230	27,679	26,668	23,236	22,188	20,555	17,433	19,123	17,783	16,171	15,978	18,020	17,944	17,092	17,922	16,226	14,723	14,273	16,567	17,810	17,091	16,078	18,778	17,562	21,225	21,373
Depreciation and amortization
175,496	140,518	135,570	134,437	134,087	124,990	119,600	118,852	114,219	107,714	107,788	104,098	97,183	95,222	77,133	70,169	70,866	72,245	67,953	62,171	58,920	57,973	58,388	57,314	50,421	48,084	48,866	46,344	45,829	46,576	46,584	50,741	41,786	35,404	38,747	40,173	36,582	29,438	31,758	30,299	29,712	28,112	29,500
Impairment of real estate
2,003	12,334	0	0	0	-	0	6,311	-	-	0	203	-	16,024	8,114	156,143	28,980	8,740	0	0	14,510	51,675	0	0	0	-	-	-	-	-	9,799	-	-	-	994	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
0	0	-40,209	0	-7,361	0	-1,122	0	0	-2,781	0	0	-670	0	-3,230	0	0	-	0	-189	-	-	-525	0	-	-	-1,432	-560	-	0	0	-1,602	-623	0	-2,742	-1,248	-2,495	-	-1,300	-41,496	-	-	11,254
Total expenses
384,304	349,979	366,362	309,439	306,726	285,296	285,385	278,107	265,326	253,560	239,924	232,263	223,953	233,171	202,183	334,046	205,726	193,230	179,621	166,267	172,276	202,578	149,500	140,936	135,275	128,510	125,819	121,614	120,683	125,190	120,349	124,665	109,445	102,293	104,168	108,099	104,950	128,527	89,032	87,678	88,301	90,166	88,901
Income from continuing operations before loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,886	35,222	34,970	-	31,282	29,332	28,192	-	-
Equity in (losses) earnings of unconsolidated real estate joint ventures
-3,116	4,777	2,951	1,262	1,146	1,029	40,718	1,090	1,144	376	14,100	589	361	86	273	-146	-397	-174	710	541	574	554	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment (loss) income
-21,821	152,667	-63,076	21,500	83,556	-83,531	122,203	12,530	85,561	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of real estate rental properties
-	-	-	-	-	-	-	-	-	0	0	0	270	3,715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,977	39,699	38,430	25,051	-13,350	36,115	35,466	40,911	40,313	32,496	32,316	29,400	25,153	22,501	20,928	26,266	19,677	31,144	33,974	32,475	21,073	29,982	-12,164	28,192	25,660	43,392
Income from discontinued operations before impairment of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,603	-	-	-	2,799	-	-	-	-	-60	569	-	-
Gain on sales of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	24	-	-
(Loss) income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-43	1,722	-180	-147	-162	-143	-43	249	837	3,654	-4,196	4,713	4,645	15,785	1,805	337	150	11,485	479	-60	593	718	724
Gain on sales of real estate - land parcels
-	-	-	-	-	-	-	-	-	-	0	111	-	-	90	0	-	-	0	-	-	-	8	797	-	-	0	772	-	0	0	0	1,864	-	46	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
30,678	216,053	-36,003	87,179	136,818	-18,631	219,359	60,547	141,518	45,607	59,546	41,496	47,555	19,792	28,559	-108,116	9,966	42,977	39,699	38,430	25,008	-6,030	35,943	36,116	40,749	44,222	32,453	33,337	30,237	28,807	18,305	25,641	32,775	35,462	32,995	34,311	32,625	92,000	30,461	-12,224	28,785	26,378	44,116
Net Income (Loss) Attributable to Noncontrolling Interest
11,913	13,612	11,199	8,412	7,659	6,053	5,723	5,817	5,888	6,219	5,773	7,275	5,844	4,488	4,084	3,500	4,030	972	170	263	492	1,362	1,340	1,307	1,195	1,110	960	980	982	1,012	828	851	711	1,142	966	938	929	944	920	930	935	886	4,362
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders
18,765	202,441	-47,202	78,767	129,159	-24,684	213,636	54,730	135,630	39,388	53,773	34,221	41,711	15,304	24,475	-111,616	5,936	42,005	39,529	38,167	24,516	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Preferred Stock
0	0	1,173	1,005	1,026	1,155	1,301	1,302	1,302	1,302	1,302	1,278	3,784	3,835	5,007	5,474	5,907	6,246	6,247	6,246	6,247	6,284	6,471	6,472	6,471	6,471	6,472	6,471	6,471	6,471	6,471	6,903	7,483	7,090	7,089	7,089	7,089	7,089	7,089	7,090	7,089	7,090	7,089
Preferred stock redemption charge
0	0	0	0	2,580	4,240	0	0	0	0	0	0	11,279	35,653	13,095	9,473	3,046	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	5,978	-	-	-	-	-	-	-	-	-	-
Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted
1,925	1,601	1,398	1,432	1,955	-719	3,395	1,412	1,941	1,255	1,198	1,313	987	943	921	1,085	801	628	623	630	483	489	506	405	374	394	442	403	342	324	360	271	235	270	278	298	242	410	217	149	219	199	367
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders
16,840	200,840	-49,773	76,330	123,598	-29,360	208,940	52,016	132,387	36,831	51,273	31,630	25,661	-25,127	5,452	-127,648	-3,818	35,131	32,659	31,291	17,786	-16,154	27,626	27,932	32,709	36,247	24,579	25,483	22,442	21,000	10,646	17,616	18,368	26,960	24,662	25,986	24,365	83,557	22,235	-20,393	20,542	18,203	32,298
Earnings per share attributable to Alexandria’s common stockholders – basic and diluted:
Earnings per share – basic (USD per share)
0.14	1.78	-0.44	0.68	1.11	-0.32	2.01	0.51	1.33	0.40	0.55	0.35	0.29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.44	-	0.45	-0.45	0.47	0.47	0.83
Continuing Operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.48	0.46	0.44	0.25	-0.25	0.39	0.39	0.46	0.51	0.35	0.38	0.35	0.28	0.24	0.21	0.22	0.18	0.37	0.43	0.44	1.48	0.44	-0.45	0.46	0.45	0.80
Discontinued Operation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01	0.00	0.01	0.02	0.02
Earnings per shares - diluted (USD per share)
0.14	1.77	-0.44	0.68	1.11	-0.30	1.99	0.51	1.32	0.39	0.55	0.35	0.29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.44	-	0.45	-0.45	0.47	0.47	0.82
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.05	-0.07	0.08	0.08	-	0.03	0.01	-	0.24	0.01	0.00	0.01	0.02	0.02
Earnings per share basic and diluted (usd per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.07	-1.72	-0.05	-	0.46	0.44	0.25	-0.23	0.39	0.39	0.46	0.51	0.35	0.38	0.36	0.33	0.17	0.29	0.30	-	0.40	0.44	-	-	-	-	-	-	-
Dividends declared per share of common stock (USD per share)
-	-	-	-	-	-	-	-	-	-	0.86	0.86	0.83	-	0.80	0.80	0.80	-	0.77	0.77	0.74	-	0.72	0.72	0.70	-	0.68	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from rentals
Revenue
437,605	404,721	385,776	371,618	354,749	337,785	336,547	322,794	317,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental revenues
Revenues
-	-	-	-	-	-	-	-	-	-	216,021	211,942	207,193	187,315	166,591	161,638	158,276	158,100	155,311	151,805	143,608	140,873	137,718	134,992	130,570	125,693	116,052	114,493	111,526	111,047	106,216	104,329	101,201	86,961	102,353	109,248	106,253	82,143	89,567	89,512	88,857	88,419	87,461
Tenant recoveries
Revenues
-	-	-	-	-	-	-	-	-	-	67,058	60,470	61,346	58,270	58,681	54,107	52,597	54,956	56,119	49,594	48,394	45,282	45,572	40,944	41,682	39,970	38,691	35,869	35,565	35,511	34,006	31,881	31,882	26,942	33,226	33,147	32,890	23,104	29,179	26,576	26,564	26,230	24,668
Other income
Revenue
2,314	3,393	4,708	2,238	4,093	2,678	5,276	2,240	2,484	496	2,291	647	2,338	3,577	5,107	10,331	5,216	10,899	7,180	2,757	4,751	2,519	2,325	466	3,934	3,160	3,572	3,568	2,992	3,785	2,628	9,383	2,628	1,582	2,475	926	777	1,557	1,568	922	1,072	1,177	8,910