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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue $ 547,759 $ 545,042 $ 1,537,227 $ 1,421,917
Expenses:        
Rental operations 165,995 140,443 447,838 393,457
General and administrative 37,931 36,913 109,807 100,651
Interest 35,678 43,318 107,303 134,071
Depreciation and amortization 210,842 176,831 581,807 520,354
Impairment of real estate 42,620 7,680 52,675 22,901
Loss on early extinguishment of debt 0 52,770 67,253 52,770
Total expenses 493,066 457,955 1,366,683 1,224,204
Equity in earnings of unconsolidated real estate joint ventures 3,091 3,778 9,237 4,555
Investment income 67,084 3,348 372,361 166,184
(Loss) gain on sales of real estate (435) 1,586 2,344 1,586
Net income 124,433 95,799 554,486 370,038
Net income attributable to noncontrolling interests (21,286) (14,743) (58,134) (40,563)
Net income attributable to Alexandria Real Estate Equities, Inc.’s stockholders 103,147 81,056 496,352 329,475
Net income attributable to unvested restricted stock awards (1,883) (1,730) (5,750) (5,304)
Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ 101,264 $ 79,326 $ 490,602 $ 324,171
Earnings (loss) per share attributable to Alexandria’s common stockholders – basic and diluted:        
Earnings (loss) per share – basic (USD per share) $ 0.67 $ 0.64 $ 3.39 $ 2.62
Earnings (loss) per share - diluted (USD per share) $ 0.67 $ 0.63 $ 3.38 $ 2.61
Income from rentals        
Revenue $ 546,527 $ 543,412 $ 1,533,593 $ 1,416,873
Other income        
Revenue $ 1,232 $ 1,630 $ 3,634 $ 5,044