ALEXANDRIA REAL ESTATE EQUITIES, INC. ARE Income Statement

Alexandria real estate equities, inc. (ARE)

Income statement / TTM

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
1,612,373	1,531,296	1,463,645	1,414,984	1,366,162	1,327,459	1,285,787	1,229,334	1,177,359	1,128,097	1,078,468	1,023,477	976,494	921,706	896,499	884,730	862,810	843,474	808,193	775,198	747,444	726,877	707,026	679,726	657,254	631,151	612,671	597,206	588,869	574,497	539,639	534,843	532,571	536,780	528,099	510,359	484,048	460,621	469,643	470,368	0	0	0
Expenses:
Rental operations
473,094	445,492	421,322	404,631	390,850	381,120	371,511	355,221	340,293	325,609	310,780	299,313	289,658	278,408	274,077	270,921	265,846	261,232	249,200	237,777	227,880	219,164	212,175	202,436	196,360	189,039	185,145	181,664	177,489	172,756	161,877	158,533	157,026	157,634	150,787	143,082	132,822	123,309	126,255	122,325	0	0	0
General and administrative
116,109	108,823	101,426	96,156	92,661	90,405	86,930	81,906	78,201	75,009	73,557	71,775	67,925	63,884	61,528	60,817	60,422	59,621	58,380	55,846	54,693	53,530	52,420	51,477	50,096	48,520	48,391	49,195	49,038	47,747	45,687	43,506	41,972	41,112	39,108	36,861	34,363	34,345	35,398	36,160	0	0	0
Interest
180,314	173,675	168,421	164,462	159,680	157,495	153,338	142,125	135,776	128,645	123,786	118,605	111,882	106,953	103,960	105,789	107,432	105,813	99,771	92,647	83,412	79,299	74,894	70,510	69,055	67,952	68,113	69,034	70,978	69,184	65,963	63,144	61,789	63,373	65,741	67,546	69,757	69,509	73,643	78,938	0	0	0
Depreciation and amortization
586,021	544,612	529,084	513,114	497,529	477,661	460,385	448,573	433,819	416,783	404,291	373,636	339,707	313,390	290,413	281,233	273,235	261,289	247,017	237,452	232,595	224,096	214,207	204,685	193,715	189,123	187,615	185,333	189,730	185,687	174,515	166,678	156,110	150,906	144,940	137,951	128,077	121,207	119,881	117,623	0	0	0
Impairment of real estate
14,337	12,334	0	6,311	0	-	0	0	-	-	0	0	-	209,261	201,977	193,863	37,720	23,250	66,185	66,185	66,185	51,675	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-40,209	-47,570	-47,570	-8,483	-8,483	-1,122	-3,903	-2,781	-2,781	-3,451	-670	-3,900	-3,900	-3,230	-3,230	-189	0	-	0	0	-	-	0	0	-	-	0	0	-	-2,225	-2,225	-4,967	-4,613	-6,485	-7,785	-46,539	0	-	0	0	-	-	0
Total expenses
1,410,084	1,332,506	1,267,823	1,186,846	1,155,514	1,114,114	1,082,378	1,036,917	991,073	949,700	929,311	891,570	993,353	975,126	935,185	912,623	744,844	711,394	720,742	690,621	665,290	628,289	554,221	530,540	511,218	496,626	493,306	487,836	490,887	479,649	456,752	440,571	424,005	419,510	445,744	430,608	410,187	393,538	355,177	355,046	0	0	0
Income from continuing operations before loss on early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-
Equity in (losses) earnings of unconsolidated real estate joint ventures
5,874	10,136	6,388	44,155	43,983	43,981	43,328	16,710	16,209	15,426	15,136	1,309	574	-184	-444	-7	680	1,651	2,379	1,669	1,128	554	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment (loss) income
89,270	194,647	-41,551	143,728	134,758	136,763	220,294	98,091	85,561	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of real estate rental properties
-	-	-	-	-	-	-	-	-	270	3,985	3,985	3,985	3,715	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	146,157	89,830	86,246	83,282	99,142	152,805	149,186	146,036	134,525	119,365	109,370	97,982	94,848	89,372	98,015	111,061	117,270	118,666	117,504	71,366	67,083	71,670	85,080	0	0	0
Income from discontinued operations before impairment of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	0	0	-	-
Gain on sales of real estate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-
(Loss) income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-43	1,679	1,499	1,352	1,233	-632	-495	-99	900	4,697	544	5,008	8,816	20,947	26,948	22,572	18,077	13,777	12,451	12,054	12,497	1,730	1,975	0	0	0
Gain on sales of real estate - land parcels
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	-	-	-	0	0	-	-	0	0	-	1,864	1,910	0	0	-	0	-	-	-	-	-	-	-	-
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
297,907	404,047	169,363	424,725	398,093	402,793	467,031	307,218	288,167	194,204	168,389	137,402	-12,210	-49,799	-26,614	-15,474	131,072	146,114	97,107	93,351	91,037	106,778	157,030	153,540	150,761	140,249	124,834	110,686	102,990	105,528	112,183	126,873	135,543	135,393	191,931	189,397	142,862	139,022	73,400	87,055	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
45,136	40,882	33,323	27,847	25,252	23,481	23,647	23,697	25,155	25,111	23,380	21,691	17,916	16,102	12,586	8,672	5,435	1,897	2,287	3,457	4,501	5,204	4,952	4,572	4,245	4,032	3,934	3,802	3,673	3,402	3,532	3,670	3,757	3,975	3,777	3,731	3,723	3,729	3,671	7,113	0	0	0
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders
252,771	363,165	136,040	396,878	372,841	379,312	443,384	283,521	263,012	169,093	145,009	115,711	-30,126	-65,901	-39,200	-24,146	125,637	144,217	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends, Preferred Stock
2,178	3,204	4,359	4,487	4,784	5,060	5,207	5,208	5,184	7,666	10,199	13,904	18,100	20,223	22,634	23,874	24,646	24,986	25,024	25,248	25,474	25,698	25,885	25,886	25,885	25,885	25,885	25,884	26,316	27,328	27,947	28,565	28,751	28,357	28,356	28,356	28,357	28,357	28,358	28,358	0	0	0
Preferred stock redemption charge
0	2,580	6,820	6,820	6,820	4,240	0	0	0	11,279	46,932	60,027	69,500	61,267	25,614	12,519	3,046	0	0	0	0	-	-	-	-	-	-	-	-	5,978	0	0	0	-	-	-	-	-	-	-	-	-	-
Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted
6,356	6,386	4,066	6,063	6,043	6,029	8,003	5,806	5,707	4,753	4,441	4,164	3,936	3,750	3,435	3,137	2,682	2,364	2,225	2,108	1,883	1,774	1,679	1,615	1,613	1,581	1,511	1,429	1,297	1,190	1,136	1,054	1,081	1,088	1,228	1,167	1,018	995	784	934	0	0	0
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders
244,237	350,995	120,795	379,508	355,194	363,983	430,174	272,507	252,121	145,395	83,437	37,616	-121,662	-151,141	-90,883	-63,676	95,263	116,867	65,582	60,549	57,190	72,113	124,514	121,467	119,018	108,751	93,504	79,571	71,704	67,630	73,590	87,606	95,976	101,973	158,570	156,143	109,764	105,941	40,587	50,650	0	0	0
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
1,599,720	1,516,864	1,449,928	1,400,699	1,351,875	1,314,781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental revenues
Revenues
-	-	-	-	-	-	-	-	-	-	822,471	773,041	722,737	673,820	644,605	633,325	623,492	608,824	591,597	574,004	557,191	544,153	528,973	507,307	486,808	467,764	453,118	443,282	433,118	422,793	398,707	394,844	399,763	404,815	399,997	387,211	367,475	350,079	356,355	354,249	0	0	0
Tenant recoveries
Revenues
-	-	-	-	-	-	-	-	-	-	247,144	238,767	232,404	223,655	220,341	217,779	213,266	209,063	199,389	188,842	180,192	173,480	168,168	161,287	156,212	150,095	145,636	140,951	136,963	133,280	124,711	123,931	125,197	126,205	122,367	118,320	111,749	105,423	108,549	104,038	0	0	0
Other income
Revenue
12,653	14,432	13,717	14,285	14,287	12,678	10,496	7,511	5,918	5,772	8,853	11,669	21,353	24,231	31,553	33,626	26,052	25,587	17,207	12,352	10,061	9,244	9,885	11,132	14,234	13,292	13,917	12,973	18,788	18,424	16,221	16,068	7,611	5,760	5,735	4,828	4,824	5,119	4,739	12,081	0	0	0