Alexandria real estate equities, inc. (ARE)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'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