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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:                      
Rental                 $ 467,764 $ 422,793 $ 404,815
Tenant recoveries                 150,095 133,280 126,205
Other income                 13,292 18,424 5,760
Total revenues 168,823 [1] 158,315 [1] 153,930 [1] 150,083 [1] 151,254 142,547 [1] 145,296 [1] 135,400 [1] 631,151 574,497 536,780
Expenses:                      
Rental operations                 189,039 172,756 157,634
General and administrative                 48,520 47,747 41,112
Interest                 67,952 [2] 69,184 [2] 63,373 [2]
Depreciation and amortization                 189,123 185,687 150,906
Impairment of land parcel                 0 2,050 0
Loss on early extinguishment of debt                 1,992 2,225 6,485
Total expenses                 496,626 479,649 419,510
Income from continuing operations                 134,525 94,848 117,270
Income from discontinued operations:                      
Income from discontinued operations before impairment of real estate                 900 20,216 19,071
Impairment of real estate                 0 (11,400) (994)
Income from discontinued operations                 900 [3] 8,816 [3] 18,077 [3]
Gain on sale of land parcel                 4,824 1,864 46
Net income                 140,249 105,528 135,393
Net income attributable to noncontrolling interests                 4,032 3,402 3,975
Dividends on preferred stock                 25,885 27,328 28,357
Preferred stock redemption charge                 0 5,978 0
Net income attributable to unvested restricted stock awards                 1,581 1,190 1,088
Net income attributable to Alexandria’s common stockholders $ 36,247 $ 24,579 $ 25,483 $ 22,442 $ 21,000 $ 10,646 $ 17,616 $ 18,368 $ 108,751 $ 67,630 $ 101,973
Earnings per share attributable to Alexandria’s common stockholders – basic and diluted:                      
Continuing operations                 $ 1.59 $ 0.95 $ 1.42
Discontinued operations, net                 $ 0.01 $ 0.14 $ 0.31
Earnings per share – basic and diluted $ 0.51 [4] $ 0.35 [4] $ 0.38 [4] $ 0.36 [4] $ 0.33 $ 0.17 [4] $ 0.29 [4] $ 0.30 [4] $ 1.60 $ 1.09 $ 1.73
[1] All periods have been adjusted from amounts previously disclosed in our quarterly filings on Form 10-Q to reclassify amounts related to discontinued operations. See Note 17, Discontinued Operations.
[2] Includes interest expense related to and classified in income from discontinued operations in the accompanying consolidated statements of income.
[3] Income from discontinued operations includes the results of operations of four properties that were classified as “held for sale” as of December 31, 2013, as well as the results of operations (prior to disposition) and gain/loss on sale of real estate attributable to 14 properties sold during the period from January 1, 2011, to December 31, 2013.
[4] Quarterly earnings per common share amounts may not total to the annual amounts due to rounding and due to the increase in the weighted average shares of common stock outstanding.