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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Total revenues $ 3,026,556 $ 3,116,394 $ 2,885,699
Expenses:      
Rental operations 922,605 909,265 859,180
General and administrative 117,047 168,359 199,354
Interest 226,698 185,838 74,204
Depreciation and amortization 1,350,478 1,202,380 1,093,473
Impairment of real estate 2,202,818 223,068 461,114
Loss on early extinguishment of debt 107 0 0
Total expenses 4,819,753 2,688,910 2,687,325
Equity in (losses) earnings of unconsolidated real estate joint ventures (9,631) 7,059 980
Investment loss (56,343) (53,122) (195,397)
Gain on sales of real estate 642,445 129,312 277,037
Net (loss) income (1,216,726) 510,733 280,994
Net income attributable to noncontrolling interests (212,844) (187,784) (177,355)
Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s stockholders (1,429,570) 322,949 103,639
Net income attributable to unvested RSAs with nonforfeitable dividends (8,417) (13,394) (11,195)
Net (loss) income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders $ (1,437,987) $ 309,555 $ 92,444
Earnings per share - basic (USD per share) $ (8.44) $ 1.80 $ 0.54
Earnings per share - diluted (USD per share) $ (8.44) $ 1.80 $ 0.54
Income from rentals      
Total revenues $ 2,945,175 $ 3,049,706 $ 2,842,456
Other income      
Total revenues $ 81,381 $ 66,688 $ 43,243