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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues:        
Rental $ 116,302 $ 106,216 $ 342,821 $ 311,746
Tenant recoveries 38,757 34,006 110,291 97,769
Other income 3,571 2,628 10,133 14,639
Total revenues 158,630 142,850 463,245 424,154
Expenses:        
Rental operations 47,742 44,203 139,289 126,758
General and administrative 11,666 12,470 35,786 35,125
Interest 16,171 17,092 50,169 51,240
Depreciation and amortization 49,102 46,584 141,747 139,111
Loss on early extinguishment of debt 1,432 0 1,992 2,225
Total expenses 126,113 120,349 368,983 354,459
Income from continuing operations 32,517 22,501 94,262 69,695
(Loss) income from discontinued operations:        
(Loss) income from discontinued operations before impairment of real estate (64) 5,603 993 14,961
Impairment of real estate 0 (9,799) 0 (9,799)
(Loss) income from discontinued operations, net (64) [1] (4,196) [1] 993 [1] 5,162 [1]
Gain on sale of land parcel 0 0 772 1,864
Net income 32,453 18,305 96,027 76,721
Net income attributable to noncontrolling interests 960 828 2,922 2,390
Dividends on preferred stock 6,472 6,471 19,414 20,857
Preferred stock redemption charge 0 0 0 5,978
Net income attributable to unvested restricted stock awards 442 360 1,187 866
Net income attributable to Alexandria’s common stockholders $ 24,579 $ 10,646 $ 72,504 $ 46,630
Earnings per share attributable to Alexandria’s common stockholders – basic and diluted:        
Continuing operations $ 0.35 $ 0.24 $ 1.07 $ 0.67
Discontinued operations, net $ 0.00 $ (0.07) $ 0.01 $ 0.08
Earnings per share – basic and diluted $ 0.35 $ 0.17 $ 1.08 $ 0.75
[1] (Loss) income from discontinued operations, net, includes the results of operations for two operating properties that were classified as “held for sale” as of September 30, 2013, as well as the results of operations (prior to disposition) and (gain) loss on sale of real estate attributable to 10 properties sold during the period from January 1, 2012, to September 30, 2013.