Earnings per share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Reconciliation of the numerators and denominators of the basic and diluted earnings per share computations

The table below reconciles the numerators and denominators of the basic and diluted EPS computations for the three and nine months ended September 30, 2021 and 2020 (in thousands, except per share amounts):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
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 unvested restricted stock awards	(1,883)		(1,730)		(5,750)		(5,304)
Numerator for basic and diluted EPS – net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders	$	101,264	$	79,326	$	490,602	$	324,171
Denominator for basic EPS – weighted-average shares of common stock outstanding	150,854		124,901		144,716		123,561
Dilutive effect of forward equity sales agreements	707		927		437		466
Denominator for diluted EPS – weighted-average shares of common stock outstanding	151,561		125,828		145,153		124,027
Net income per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders:
Basic	$	0.67	$	0.64	$	3.39	$	2.62
Diluted	$	0.67	$	0.63	$	3.38	$	2.61