Three Months Ended
June 30,

Six Months Ended
June 30,

2012

2011

2012

2011

Income from continuing operations

$

25,435

$

33,974

$

56,211

$

66,287

Gain on sale of land parcel

–

1,864

–

Net income attributable to noncontrolling interests

(851

)

(938

)

(1,562

)

(1,867

)

Dividends on preferred stock

(6,903

)

(7,089

)

(14,386

)

(14,178

)

Preferred stock redemption charge

–

(5,978

)

–

Net income attributable to unvested restricted stock awards

(271

)

(298

)

(506

)

(540

)

Income from continuing operations attributable to Alexandria Real Estate Equities, Inc.’s common stockholders – basic and diluted

17,410

25,649

35,643

49,702

Income from discontinued operations, net

206

337

341

649

Net income attributable to Alexandria Real Estate Equities, Inc.’s common stockholders – basic and diluted

$

17,616

$

25,986

$

35,984

$

50,351

Weighted average shares of common stock outstanding – basic

61,663,367

58,500,055

61,585,587

56,734,012

Dilutive effect of stock options

173

13,067

667

16,261

Weighted average shares of common stock outstanding – diluted

61,663,540

58,513,122

61,586,254

56,750,273

Earnings per share attributable to Alexandria Real Estate Equities, Inc.’s common stockholders – basic and diluted:

Continuing operations

$

0.29

$

0.43

$

0.57

$

0.88

Discontinued operations, net

–

0.01

Earnings per share – basic and diluted

$

0.29

$

0.44

$

0.58

$

0.89