ALEXANDRIA REAL ESTATE EQUITIES INC

For the period ended Dec 31, 2023. Filed Jan 29, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Jan 29, 2024

ARE$45.88+2.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except per share amounts)

	Year Ended December 31,
	2023	2022	2021
Revenues:
Income from rentals	$2,842,456	$2,576,040	$2,108,249
Other income	43,243	12,922	5,901
Total revenues	2,885,699	2,588,962	2,114,150
Expenses:
Rental operations	859,180	783,153	623,555
General and administrative	199,354	177,278	151,461
Interest	74,204	94,203	142,165
Depreciation and amortization	1,093,473	1,002,146	821,061
Impairment of real estate	461,114	64,969	52,675
Loss on early extinguishment of debt	—	3,317	67,253
Total expenses	2,687,325	2,125,066	1,858,170
Equity in earnings of unconsolidated real estate joint ventures	980	645	12,255
Investment (loss) income	(195,397)	(331,758)	259,477
Gain on sales of real estate	277,037	537,918	126,570
Net income	280,994	670,701	654,282
Net income attributable to noncontrolling interests	(177,355)	(149,041)	(83,035)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders	103,639	521,660	571,247
Net income attributable to unvested restricted stock awards	(11,195)	(8,392)	(7,848)
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders	$92,444	$513,268	$563,399
Net income per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders:
Basic	$0.54	$3.18	$3.83
Diluted	$0.54	$3.18	$3.82

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.