Earnings per share (Tables)

12 Months Ended

Dec. 31, 2021

Earnings Per Share [Abstract]

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

The table reconciles the numerators and denominators of the basic and diluted EPS computations for the years ended December 31, 2021, 2020, and 2019 (in thousands, except per share amounts):

	Year Ended December 31,
	2021		2020		2019
Net income	$	654,282	$	827,171	$	404,047
Net income attributable to noncontrolling interests	(83,035)		(56,212)		(40,882)
Dividends on preferred stock	—		—		(3,204)
Preferred stock redemption charge	—		—		(2,580)
Net income attributable to unvested restricted stock awards	(7,848)		(10,168)		(6,386)
Numerator for basic and diluted EPS – net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders	$	563,399	$	760,791	$	350,995
Denominator for basic EPS – weighted-average shares of common stock outstanding	146,921		126,106		112,204
Dilutive effect of forward equity sales agreements	539		384		320
Denominator for diluted EPS – weighted-average shares of common stock outstanding	147,460		126,490		112,524
Net income per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders:
Basic	$	3.83	$	6.03	$	3.13
Diluted	$	3.82	$	6.01	$	3.12