2014 Q1 Form 10-K Financial Statement

#000103544314000013 Filed on March 03, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q2 2012 Q4
Revenue $176.2M $153.9M $151.3M
YoY Change 17.39% 5.94% 8.62%
Cost Of Revenue $52.50M $46.30M $46.00M
YoY Change 16.15% 9.98% 10.58%
Gross Profit $123.7M $107.7M $104.3M
YoY Change 17.92% 4.06% 6.76%
Gross Profit Margin 70.21% 69.97% 68.96%
Selling, General & Admin $13.20M $12.50M $12.60M
YoY Change 13.79% 1.63% 18.87%
% of Gross Profit 10.67% 11.61% 12.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $50.42M $46.60M $48.10M
YoY Change 7.28% -11.07% 17.6%
% of Gross Profit 40.76% 43.27% 46.12%
Operating Expenses $63.70M $58.70M $59.10M
YoY Change 10.78% -6.83% 17.5%
Operating Profit $60.00M $49.00M $45.20M
YoY Change 26.58% 20.99% -4.64%
Interest Expense $19.12M $15.98M -$17.90M
YoY Change 6.12% -10.85% 20.95%
% of Operating Profit 31.87% 32.61% -39.6%
Other Income/Expense, Net
YoY Change
Pretax Income $40.90M $32.30M $25.20M
YoY Change 39.12% 54.55% -22.7%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income 0.0% 0.0% 0.0%
Net Earnings $39.72M $32.11M $27.80M
YoY Change 39.76% 59.92% -18.95%
Net Earnings / Revenue 22.54% 20.86% 18.38%
Basic Earnings Per Share
Diluted Earnings Per Share $557.0K $471.6K $440.6K
COMMON SHARES
Basic Shares Outstanding 71.64M shares 66.97K shares 63.69M shares
Diluted Shares Outstanding 66.97K shares

Balance Sheet

Concept 2014 Q1 2013 Q2 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $75.00M $302.0M $141.0M
YoY Change -13.79% 272.84% 78.48%
Cash & Equivalents $74.97M $302.2M $141.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $11.00M $8.000M $8.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $86.00M $310.0M $149.0M
YoY Change -10.42% 256.32% 73.26%
LONG-TERM ASSETS
Property, Plant & Equipment $6.883B $6.453B $6.425B
YoY Change 7.97% 3.95% 6.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $217.0M $6.000K $6.000K
YoY Change 3616566.67% -99.99% -81.25%
Other Assets $425.0M $373.0M $370.0M
YoY Change 18.06% 6.88% 22.92%
Total Long-Term Assets $7.670B $7.069B $7.001B
YoY Change 9.65% 4.65% 7.91%
TOTAL ASSETS
Total Short-Term Assets $86.00M $310.0M $149.0M
Total Long-Term Assets $7.670B $7.069B $7.001B
Total Assets $7.756B $7.379B $7.150B
YoY Change 9.38% 7.85% 8.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $444.0M $368.0M $424.0M
YoY Change 20.98% 5.75% 393.02%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $500.0M $420.0M $465.0M
YoY Change 21.65% 8.81% 190.63%
LONG-TERM LIABILITIES
Long-Term Debt $3.252B $2.959B $3.182B
YoY Change 2.1% -1.33% 14.5%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $3.252B $2.959B $3.182B
YoY Change 2.1% -1.33% 6.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $500.0M $420.0M $465.0M
Total Long-Term Liabilities $3.252B $2.959B $3.182B
Total Liabilities $3.752B $3.380B $3.647B
YoY Change 4.34% -1.89% 16.1%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $712.0K $710.0K $632.0K
YoY Change 12.48% 2.6%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.923B $3.938B $3.442B
YoY Change
Total Liabilities & Shareholders Equity $8.136B $7.379B $7.150B
YoY Change 14.74% 7.85% 8.76%

Cashflow Statement

Concept 2014 Q1 2013 Q2 2012 Q4
OPERATING ACTIVITIES
Net Income $39.72M $32.11M $27.80M
YoY Change 39.76% 59.92% -18.95%
Depreciation, Depletion And Amortization $50.42M $46.60M $48.10M
YoY Change 7.28% -11.07% 17.6%
Cash From Operating Activities $73.26M $96.90M $78.00M
YoY Change 55.08% 3.3% 16.42%
INVESTING ACTIVITIES
Capital Expenditures -$153.9M -$159.7M -$143.0M
YoY Change 10.56% -0.93% 7.04%
Acquisitions
YoY Change
Other Investing Activities -$8.800M $12.80M -$6.700M
YoY Change -112.63% -272.97% 48.89%
Cash From Investing Activities -$162.7M -$147.0M -$149.7M
YoY Change 134.05% -12.76% 8.4%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $534.5M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $106.5M 267.0M 118.7M
YoY Change -437.92% 245.85% 44.93%
NET CHANGE
Cash From Operating Activities $73.26M 96.90M 78.00M
Cash From Investing Activities -$162.7M -147.0M -149.7M
Cash From Financing Activities $106.5M 267.0M 118.7M
Net Change In Cash $17.01M 216.9M 47.00M
YoY Change -131.63% 8576.0% 335.19%
FREE CASH FLOW
Cash From Operating Activities $73.26M $96.90M $78.00M
Capital Expenditures -$153.9M -$159.7M -$143.0M
Free Cash Flow $227.2M $256.6M $221.0M
YoY Change 21.84% 0.63% 10.17%

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Interest rate swap agreements</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We are exposed to certain risks arising from both our business operations and economic conditions. We principally manage our exposures to a wide variety of business and operational risks through management of our core business activities. We manage economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of our debt funding and the use of interest rate swap agreements. Specifically, we enter into interest rate swap agreements to manage exposures that arise from business activities that result in the payment of future known and uncertain cash amounts, the value of which are determined by interest rates. Our interest rate swap agreements are used to manage differences in the amount, timing, and duration of our known or expected cash payments principally related to our borrowings based on LIBOR primarily in our unsecured senior line of credit and unsecured senior bank term loans. We do not use derivatives for trading or speculative purposes and currently all of our derivatives are designated as hedges. Our objectives in using interest rate swap agreements are to add stability to interest expense and to manage our exposure to interest rate movements in accordance with our interest rate risk management strategy. All of our interest rate swaps are designated as cash flow hedges. Interest rate swap agreements designated as cash flow hedges involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the interest rate swap agreements without exchange of the underlying notional amount of interest rate swap agreements.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">We utilize interest rate swap agreements to hedge a portion of our exposure to variable interest rates primarily associated with our unsecured senior line of credit and unsecured senior bank term loans. We recognize our interest rate swap agreements as either assets or liabilities on the balance sheet at fair value.&#160; The accounting for changes in fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based on the hedged exposure, as a fair value hedge, a cash flow hedge, or a hedge of a net investment in a foreign operation. Our interest rate swap agreements are considered cash flow hedges because they are designated and qualify as hedges of the exposure to variability in expected future cash flows. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the earnings effect of the hedged transactions in a cash flow hedge. All of our interest rate swap agreements meet the criteria to be deemed &#8220;highly effective&#8221; in reducing our exposure to variable interest rates. We formally document all relationships between interest rate swap agreements and hedged items, including the method for evaluating effectiveness and the risk strategy. We make an assessment at the inception of each interest rate swap agreement and on an ongoing basis to determine whether these instruments are &#8220;highly effective&#8221; in offsetting changes in cash flows associated with the hedged items. The ineffective portion of each interest rate swap agreement is immediately recognized in earnings. While we intend to continue to meet the conditions for such hedge accounting, if swaps did not qualify as &#8220;highly effective,&#8221; the changes in the fair values of the derivatives used as hedges would be reflected in earnings.</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The effective portion of changes in the fair value of our interest rate swap agreements that are designated and that qualify as cash flow hedges is recognized in accumulated other comprehensive income. Amounts classified in accumulated other comprehensive income will be reclassified into earnings in the period during which the hedged transactions affect earnings. </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The fair value of each interest rate swap agreement is determined using widely accepted valuation techniques including discounted cash flow analyses on the expected cash flows of each derivative. These analyses reflect the contractual terms of the derivatives, including the period to maturity, and use observable market-based inputs, including interest rate curves and implied volatilities. The fair values of our interest rate swap agreements are determined using the market standard methodology of netting the discounted future fixed cash payments and the discounted expected variable cash receipts. The variable cash receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. The fair value calculation also includes an amount for risk of non-performance using &#8220;significant unobservable inputs&#8221; such as estimates of current credit spreads to evaluate the likelihood of default, which we have determined to be insignificant to the overall fair value of our interest rate swap agreements.</font></div></div>
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CY2011 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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26262000 USD
CY2012 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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CY2013 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
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CY2013Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
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133111000 USD
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7644000 USD
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25885000 USD
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0 USD
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1.60
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1.09
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0.29
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6000 USD
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1564000 USD
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4824000 USD
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46000 USD
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1864000 USD
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4846000 USD
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15018000 USD
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7050000 USD
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994000 USD
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0 USD
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0.14
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0.01
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0 USD
CY2012 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2013 us-gaap Income Loss From Equity Method Investments
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0 USD
CY2011 us-gaap Income Tax Reconciliation Disposition Of Assets
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3705000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation And Amortization
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0 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Impairment Losses
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-13450000 USD
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-8249000 USD
CY2012 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-11488000 USD
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-2268000 USD
CY2011 us-gaap Income Tax Reconciliation Other Adjustments
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-4124000 USD
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CY2012 us-gaap Increase Decrease In Deferred Leasing Fees
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CY2011 us-gaap Increase Decrease In Leasing Receivables
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2359000 USD
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41823000 USD
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65697000 USD
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4069000 USD
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22359000 USD
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2183000 USD
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465000 USD
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261000 USD
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CY2012 us-gaap Interest Costs Incurred
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131935000 USD
CY2011 us-gaap Interest Income Operating
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900000 USD
CY2012 us-gaap Interest Income Operating
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3400000 USD
CY2011 us-gaap Interest Paid Net
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52561000 USD
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CY2013Q4 us-gaap Investment Building And Building Improvements
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CY2012Q4 us-gaap Investment Building And Building Improvements
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4933314000 USD
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3051000 USD
CY2012 us-gaap Investment Income Net
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12381000 USD
CY2013 us-gaap Investment Income Net
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5570000 USD
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0 USD
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0 USD
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7529764000 USD
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CY2013Q4 us-gaap Line Of Credit
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CY2013Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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1812000 USD
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2707000 USD
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694000 USD
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1875000 USD
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1000000 USD
CY2013 us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Background</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As used in this annual report on Form 10-K, references to the &#8220;Company,&#8221; &#8220;Alexandria,&#8221; &#8220;we,&#8221; &#8220;our,&#8221; and &#8220;us&#8221; refer to Alexandria Real Estate Equities, Inc. and its subsidiaries.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Alexandria Real Estate Equities,&#160;Inc. (NYSE: ARE), a self-administered and self-managed investment-grade REIT, is the largest and leading REIT focused principally on owning, operating, developing, redeveloping, and acquiring high-quality, sustainable real estate for the broad and diverse life science industry.&#160; Alexandria&#8217;s client tenants span the life science industry, including renowned academic and medical institutions, multinational pharmaceutical companies, public and private biotechnology entities, U.S. government research agencies, medical device companies, industrial biotech companies, venture capital firms, and life science product and service companies.&#160; For additional information on Alexandria Real Estate Equities,&#160;Inc., please visit www.are.com.</font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Our asset base contains </font><font style="font-family:inherit;font-size:10pt;">180</font><font style="font-family:inherit;font-size:10pt;"> properties&#160;approximating </font><font style="font-family:inherit;font-size:10pt;">17.5 million</font><font style="font-family:inherit;font-size:10pt;"> RSF,&#160;consisting of&#160;the following, as of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">:</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="4" rowspan="1"></td></tr><tr><td width="82%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="16%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">RSF</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Operating properties</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">15,534,238</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Development properties</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1,826,919</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Redevelopment properties</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99,873</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid 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style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">, we had </font><font style="font-family:inherit;font-size:10pt;">527</font><font style="font-family:inherit;font-size:10pt;"> leases with a total of </font><font style="font-family:inherit;font-size:10pt;">425</font><font style="font-family:inherit;font-size:10pt;"> client tenants, and </font><font style="font-family:inherit;font-size:10pt;">79</font><font style="font-family:inherit;font-size:10pt;">, or </font><font style="font-family:inherit;font-size:10pt;">44%</font><font style="font-family:inherit;font-size:10pt;">, of our </font><font style="font-family:inherit;font-size:10pt;">180</font><font style="font-family:inherit;font-size:10pt;"> properties were single-tenant properties. Leases in our multi-tenant buildings typically have terms of </font><font style="font-family:inherit;font-size:10pt;">four</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">11</font><font style="font-family:inherit;font-size:10pt;"> years, while the single-tenant building leases typically have initial terms of </font><font style="font-family:inherit;font-size:10pt;">eight</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">17</font><font style="font-family:inherit;font-size:10pt;"> years. As of </font><font style="font-family:inherit;font-size:10pt;">December 31, 2013</font><font style="font-family:inherit;font-size:10pt;">: </font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:Wingdings;font-size:10pt;">&#159;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment-grade client tenants represented </font><font style="font-family:inherit;font-size:10pt;">51%</font><font style="font-family:inherit;font-size:10pt;"> of our total ABR;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:Wingdings;font-size:10pt;">&#159;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Approximately </font><font style="font-family:inherit;font-size:10pt;">94%</font><font style="font-family:inherit;font-size:10pt;"> of our leases (on an RSF basis) were triple net leases, requiring client tenants to pay substantially all real estate taxes, insurance, utilities, common area, and other operating expenses (including increases thereto) in addition to base rent;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:Wingdings;font-size:10pt;">&#159;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Approximately </font><font style="font-family:inherit;font-size:10pt;">95%</font><font style="font-family:inherit;font-size:10pt;"> of our leases (on an RSF basis) contained effective annual rent escalations that were either fixed (generally ranging from </font><font style="font-family:inherit;font-size:10pt;">3%</font><font style="font-family:inherit;font-size:10pt;"> to </font><font style="font-family:inherit;font-size:10pt;">3.5%</font><font style="font-family:inherit;font-size:10pt;">) or indexed based on a consumer price index or other index; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:72px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:48px;"><font style="font-family:Wingdings;font-size:10pt;">&#159;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Approximately </font><font style="font-family:inherit;font-size:10pt;">92%</font><font style="font-family:inherit;font-size:10pt;"> of our leases (on an RSF basis) provided for the recapture of certain capital expenditures (such as HVAC systems maintenance and/or replacement, roof replacement, and parking lot resurfacing) that we believe would typically be borne by the landlord in traditional office leases.</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Any references to the number of buildings, square footage, number of leases, occupancy, and any amounts derived from these values in the notes to the consolidated financial statements are unaudited.</font></div></div>
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0 USD
CY2011 us-gaap Preferred Stock Redemption Premium
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0 USD
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9000 USD
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0 USD
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0 USD
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124868000 USD
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0 USD
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17810000 USD
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1350000000 USD
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0 USD
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0 USD
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1000000 USD
CY2012 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
1875000 USD
CY2013 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
2546000 USD
CY2011 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
7311000 USD
CY2012 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-7428000 USD
CY2012 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
27043000 USD
CY2011 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
16849000 USD
CY2013 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
16525000 USD
CY2011 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2013 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2012 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
22250000 USD
CY2012 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
36179000 USD
CY2013 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
153968000 USD
CY2011 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
20078000 USD
CY2013 us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
128600000 USD
CY2013 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2011 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2117000 USD
CY2012 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
155000 USD
CY2011 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
0 USD
CY2013 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
498561000 USD
CY2012 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
544650000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
105528000 USD
CY2011 us-gaap Profit Loss
ProfitLoss
135393000 USD
CY2013 us-gaap Profit Loss
ProfitLoss
140249000 USD
CY2012Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
875035000 USD
CY2013Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
952106000 USD
CY2011Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
742535000 USD
CY2010Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
616007000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
126528000 USD
CY2013 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
149848000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Depreciation Expense
RealEstateAccumulatedDepreciationDepreciationExpense
157193000 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
17730000 USD
CY2013 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Other Deductions
RealEstateAccumulatedDepreciationOtherDeductions
0 USD
CY2012 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
6963000 USD
CY2013 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
72777000 USD
CY2011 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
0 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Accumulated Depreciation
RealEstateAndAccumulatedDepreciationAccumulatedDepreciation
952106000 USD
CY2012 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
84801000 USD
CY2012 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
651147000 USD
CY2013 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1091000000 USD
CY2011 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1784000000 USD
CY2012 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
26367000 USD
CY2013 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
36219000 USD
CY2011 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
66849000 USD
CY2011 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
500000000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
708831000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
5888820000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
553388000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovements
6442208000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
2617102000 USD
CY2013Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
553388000 USD
CY2013 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
182037000 USD
CY2012 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
30807000 USD
CY2011 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
3738000 USD
CY2012Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5645771000 USD
CY2011Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
5112759000 USD
CY2013Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
6442208000 USD
CY2010Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
4546769000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
952106000 USD
CY2012Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
875035000 USD
CY2012Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6424578000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6776914000 USD
CY2013Q4 us-gaap Real Estate Investments
RealEstateInvestments
5490102000 USD
CY2012 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
42901000 USD
CY2013 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
118892000 USD
CY2011 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
183720000 USD
CY2011 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
386008000 USD
CY2012 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
538648000 USD
CY2013 us-gaap Real Estate Other Additions
RealEstateOtherAdditions
859582000 USD
CY2011 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2012 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
17730000 USD
CY2013 us-gaap Real Estate Other Deductions
RealEstateOtherDeductions
0 USD
CY2013 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
631151000 USD
CY2011 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
536780000 USD
CY2012 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
574497000 USD
CY2012Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
135400000 USD
CY2013Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
150083000 USD
CY2012Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
151254000 USD
CY2012Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
142547000 USD
CY2013Q4 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
168823000 USD
CY2013Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
153930000 USD
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
145296000 USD
CY2013Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
158315000 USD
CY2013Q4 us-gaap Rental Properties
RentalProperties
6442208000 USD
CY2012Q4 us-gaap Rental Properties
RentalProperties
5645771000 USD
CY2013 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
384000 USD
CY2011 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
221439000 USD
CY2012 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
250000000 USD
CY2013 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
250000000 USD
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
27709000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
39947000 USD
CY2012 us-gaap Straight Line Rent
StraightLineRent
28456000 USD
CY2011 us-gaap Straight Line Rent
StraightLineRent
26797000 USD
CY2013 are Debt Instrument Weighted Average Remaining Period
DebtInstrumentWeightedAverageRemainingPeriod
P5Y3M18D
CY2013Q4 are Debt Instruments Balloon Payment Amount
DebtInstrumentsBalloonPaymentAmount
3037202000 USD
CY2013Q4 are Deferred Costs Leasing And Finance Net
DeferredCostsLeasingAndFinanceNet
192658000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
716144000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
708831000 USD
CY2013 us-gaap Share Based Compensation
ShareBasedCompensation
15552000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
11755000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
14160000 USD
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1059340 shares
CY2012 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1190000 USD
CY2012 are Dividend Deduction To Eliminate Taxable Income
DividendDeductionToEliminateTaxableIncome
148766000 USD
CY2013Q4 are Effective Portion Of Interest Rate Cash Flow Hedge Derivatives
EffectivePortionOfInterestRateCashFlowHedgeDerivatives
250000000 USD
CY2013Q4 are Effective Portionof Interest Rate Cash Flow Hedgeat Fiscal Year End
EffectivePortionofInterestRateCashFlowHedgeatFiscalYearEnd
950000000 USD
CY2013Q4 are Effective Portionof Interest Rate Cash Flow Hedgein Year Three
EffectivePortionofInterestRateCashFlowHedgeinYearThree
500000000 USD
CY2011Q2 us-gaap Stock Issued During Period Shares Conversion Of Convertible Securities
StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities
6250651 shares
CY2013 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
534469000 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
97890000 USD
CY2011 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
451539000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
3916789000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
3441851000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3964497000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3488494000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3416859000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2970408000 USD
CY2013 us-gaap Straight Line Rent
StraightLineRent
27935000 USD
CY2013 us-gaap Subsidiary Or Equity Method Investee Cumulative Percentage Ownership After All Transactions
SubsidiaryOrEquityMethodInvesteeCumulativePercentageOwnershipAfterAllTransactions
1
CY2012Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
14564000 USD
CY2013Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
14444000 USD
CY2011Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
16034000 USD
CY2010Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
15920000 USD
CY2012 us-gaap Temporary Equity Elimination As Partof Reorganization
TemporaryEquityEliminationAsPartofReorganization
1144000 USD
CY2013 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
1071000 USD
CY2011 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
1318000 USD
CY2012 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
973000 USD
CY2013Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
14444000 USD
CY2012Q4 us-gaap Temporary Equity Redemption Value
TemporaryEquityRedemptionValue
14564000 USD
CY2012 us-gaap Tenant Reimbursements
TenantReimbursements
133280000 USD
CY2011 us-gaap Tenant Reimbursements
TenantReimbursements
126205000 USD
CY2013 us-gaap Tenant Reimbursements
TenantReimbursements
150095000 USD
CY2013 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1581000 USD
CY2011 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
1088000 USD
CY2013 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, and equity; the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements; and the amounts of revenues and expenses during the reporting period.&#160; Actual results could materially differ from those estimates.</font></div></div>
CY2013 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
68038000 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
59078000 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
62160000 shares
CY2013Q4 are Accounts Payable And Accrued Liabilities And Security Deposit Liability Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesAndSecurityDepositLiabilityCurrentAndNoncurrent
435342000 USD
CY2012Q4 are Accounts Payable And Accrued Liabilities And Security Deposit Liability Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesAndSecurityDepositLiabilityCurrentAndNoncurrent
423708000 USD
CY2013 are Allowance For Estimated Losses Related To Tenant Rent
AllowanceForEstimatedLossesRelatedToTenantRent
0 USD
CY2012 are Allowance For Estimated Losses Related To Tenant Rent
AllowanceForEstimatedLossesRelatedToTenantRent
0 USD
CY2013 are Amortization Of Above Below Market Leases
AmortizationOfAboveBelowMarketLeases
3316000 USD
CY2012 are Amortization Of Above Below Market Leases
AmortizationOfAboveBelowMarketLeases
3200000 USD
CY2011 are Amortization Of Above Below Market Leases
AmortizationOfAboveBelowMarketLeases
9332000 USD
CY2013 are Concentration Risk Fdic Insurance Coverage
ConcentrationRiskFDICInsuranceCoverage
250000 USD
CY2013Q4 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
CY2012Q4 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
CY2013Q4 are Debt Instrument Debt Interest Rate Basis For Effective Rate
DebtInstrumentDebtInterestRateBasisForEffectiveRate
0.0376
CY2013Q4 are Debt Instrument Percentage Of Outstanding Balance
DebtInstrumentPercentageOfOutstandingBalance
1.000
CY2012Q4 are Deferred Costs Leasing And Finance Net
DeferredCostsLeasingAndFinanceNet
160048000 USD
CY2012Q4 are Deferred Rent Liability
DeferredRentLiability
34414000 USD
CY2013Q4 are Deferred Rent Liability
DeferredRentLiability
35134000 USD
CY2013 are Depreciation And Amortization Cash Flow Impact
DepreciationAndAmortizationCashFlowImpact
190778000 USD
CY2012 are Depreciation And Amortization Cash Flow Impact
DepreciationAndAmortizationCashFlowImpact
192005000 USD
CY2011 are Depreciation And Amortization Cash Flow Impact
DepreciationAndAmortizationCashFlowImpact
158026000 USD
CY2012 are Discontinued Operations Depreciation Expense
DiscontinuedOperationsDepreciationExpense
6318000 USD
CY2011 are Discontinued Operations Depreciation Expense
DiscontinuedOperationsDepreciationExpense
7120000 USD
CY2013 are Discontinued Operations Depreciation Expense
DiscontinuedOperationsDepreciationExpense
1655000 USD
CY2012 are Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
11400000 USD
CY2011 are Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
994000 USD
CY2013 are Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
0 USD
CY2013 are Disposal Group Including Discontinued Operation Operating Properties Held For Sale Number
DisposalGroupIncludingDiscontinuedOperationOperatingPropertiesHeldForSaleNumber
4 property
CY2011 are Disposal Group Including Discontinued Operation Properties Sold Number
DisposalGroupIncludingDiscontinuedOperationPropertiesSoldNumber
14 property
CY2011 are Dividend Deduction To Eliminate Taxable Income
DividendDeductionToEliminateTaxableIncome
132160000 USD
CY2013Q4 are Effective Portionof Interest Rate Cash Flow Hedgein Year Two
EffectivePortionofInterestRateCashFlowHedgeinYearTwo
500000000 USD
CY2013Q4 are Effective Portionof Interest Rate Cash Flow Hedgeinthe Next Twelve Months
EffectivePortionofInterestRateCashFlowHedgeintheNextTwelveMonths
750000000 USD
CY2011 are Equity In Earnings Of Affiliates
EquityInEarningsOfAffiliates
0 USD
CY2012 are Equity In Earnings Of Affiliates
EquityInEarningsOfAffiliates
0 USD
CY2013 are Equity In Earnings Of Affiliates
EquityInEarningsOfAffiliates
0 USD
CY2012Q4 are Equity Investments
EquityInvestments
115048000 USD
CY2013Q4 are Equity Investments
EquityInvestments
140288000 USD
CY2013 are Equity Method Investment Gross Realized Gains
EquityMethodInvestmentGrossRealizedGains
7050000 USD
CY2012 are Equity Method Investment Gross Realized Gains
EquityMethodInvestmentGrossRealizedGains
15018000 USD
CY2011 are Equity Method Investment Gross Realized Gains
EquityMethodInvestmentGrossRealizedGains
4846000 USD
CY2011 are Equity Method Investment Gross Realized Losses
EquityMethodInvestmentGrossRealizedLosses
1795000 USD
CY2012 are Equity Method Investment Gross Realized Losses
EquityMethodInvestmentGrossRealizedLosses
2637000 USD
CY2013 are Equity Method Investment Gross Realized Losses
EquityMethodInvestmentGrossRealizedLosses
1480000 USD
CY2013Q4 are Fixed Interest Rate Debt As Percentage Of Total Outstanding Balance
FixedInterestRateDebtAsPercentageOfTotalOutstandingBalance
0.84
CY2013Q4 are Ground And Operating Lease Obligation Due
GroundAndOperatingLeaseObligationDue
696274000 USD
CY2013Q4 are Ground And Operating Lease Obligation Due After Fifth Year
GroundAndOperatingLeaseObligationDueAfterFifthYear
636771000 USD
CY2013Q4 are Ground And Operating Lease Obligation Due In Fifth Year
GroundAndOperatingLeaseObligationDueInFifthYear
12279000 USD
CY2013Q4 are Ground And Operating Lease Obligation Due In Fourth Year
GroundAndOperatingLeaseObligationDueInFourthYear
12114000 USD
CY2013Q4 are Ground And Operating Lease Obligation Due In Second Year
GroundAndOperatingLeaseObligationDueInSecondYear
11294000 USD
CY2013Q4 are Ground And Operating Lease Obligation Due In Third Year
GroundAndOperatingLeaseObligationDueInThirdYear
11972000 USD
CY2013Q4 are Ground And Operating Lease Obligation Due Within One Year
GroundAndOperatingLeaseObligationDueWithinOneYear
11844000 USD
CY2013Q4 are Ground Lease Obligation Due
GroundLeaseObligationDue
687447000 USD
CY2013Q4 are Ground Lease Obligation Due After Fifth Year
GroundLeaseObligationDueAfterFifthYear
635289000 USD
CY2013Q4 are Ground Lease Obligation Due In Fifth Year
GroundLeaseObligationDueInFifthYear
10662000 USD
CY2013Q4 are Ground Lease Obligation Due In Fourth Year
GroundLeaseObligationDueInFourthYear
10572000 USD
CY2013Q4 are Ground Lease Obligation Due In Second Year
GroundLeaseObligationDueInSecondYear
9900000 USD
CY2013Q4 are Ground Lease Obligation Due In Third Year
GroundLeaseObligationDueInThirdYear
10504000 USD
CY2013Q4 are Ground Lease Obligation Due Within One Year
GroundLeaseObligationDueWithinOneYear
10520000 USD
CY2013Q4 are Ground Lease Related To Operating Property Net Book Value
GroundLeaseRelatedToOperatingPropertyNetBookValue
8900000 USD
CY2011 are Impairmentof Land Parcel
ImpairmentofLandParcel
0 USD
CY2013 are Impairmentof Land Parcel
ImpairmentofLandParcel
0 USD
CY2012 are Impairmentof Land Parcel
ImpairmentofLandParcel
2050000 USD
CY2013Q4 are Improvements Others
ImprovementsOthers
174147000 USD
CY2012Q4 are Improvements Others
ImprovementsOthers
189793000 USD
CY2011 are Income Loss From Continuing Operations Before Income Taxes Minority Interest Equity In Earnings Of Affiliates And Gain Loss On Early Extinguishment Of Debt
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestEquityInEarningsOfAffiliatesAndGainLossOnEarlyExtinguishmentOfDebt
117270000 USD
CY2012 are Income Loss From Continuing Operations Before Income Taxes Minority Interest Equity In Earnings Of Affiliates And Gain Loss On Early Extinguishment Of Debt
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestEquityInEarningsOfAffiliatesAndGainLossOnEarlyExtinguishmentOfDebt
94848000 USD
CY2013 are Income Loss From Continuing Operations Before Income Taxes Minority Interest Equity In Earnings Of Affiliates And Gain Loss On Early Extinguishment Of Debt
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestEquityInEarningsOfAffiliatesAndGainLossOnEarlyExtinguishmentOfDebt
134525000 USD
CY2013 are Income Lossfrom Discontinued Operations Netof Tax Before Impairment Loss Including Portion Attributableto Noncontrolling Interest
IncomeLossfromDiscontinuedOperationsNetofTaxBeforeImpairmentLossIncludingPortionAttributabletoNoncontrollingInterest
900000 USD
CY2012 are Income Lossfrom Discontinued Operations Netof Tax Before Impairment Loss Including Portion Attributableto Noncontrolling Interest
IncomeLossfromDiscontinuedOperationsNetofTaxBeforeImpairmentLossIncludingPortionAttributabletoNoncontrollingInterest
20216000 USD
CY2011 are Income Lossfrom Discontinued Operations Netof Tax Before Impairment Loss Including Portion Attributableto Noncontrolling Interest
IncomeLossfromDiscontinuedOperationsNetofTaxBeforeImpairmentLossIncludingPortionAttributabletoNoncontrollingInterest
19071000 USD
CY2012 are Income Tax Reconciliation Gains Losses From Capital Transaction
IncomeTaxReconciliationGainsLossesFromCapitalTransaction
0 USD
CY2011 are Income Tax Reconciliation Gains Losses From Capital Transaction
IncomeTaxReconciliationGainsLossesFromCapitalTransaction
283000 USD
CY2012 are Income Tax Reconciliation Nondeductible Expense Interest Expense
IncomeTaxReconciliationNondeductibleExpenseInterestExpense
8068000 USD
CY2011 are Income Tax Reconciliation Nondeductible Expense Interest Expense
IncomeTaxReconciliationNondeductibleExpenseInterestExpense
2299000 USD
CY2011 are Income Tax Reconciliation Rental Revenue Recognition
IncomeTaxReconciliationRentalRevenueRecognition
-5886000 USD
CY2012 are Income Tax Reconciliation Rental Revenue Recognition
IncomeTaxReconciliationRentalRevenueRecognition
11607000 USD
CY2011 are Increase Decrease In Due To Due From Affiliates
IncreaseDecreaseInDueToDueFromAffiliates
0 USD
CY2012 are Increase Decrease In Due To Due From Affiliates
IncreaseDecreaseInDueToDueFromAffiliates
0 USD
CY2013 are Increase Decrease In Due To Due From Affiliates
IncreaseDecreaseInDueToDueFromAffiliates
0 USD
CY2013Q4 are Investment Grade Client Tenants As Percentage Of Total Annualized Base Rent
InvestmentGradeClientTenantsAsPercentageOfTotalAnnualizedBaseRent
0.51
CY2012 are Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
9690000 USD
CY2013 are Percent Of Taxable Income Generally Distributed As Dividend
PercentOfTaxableIncomeGenerallyDistributedAsDividend
1
CY2013 are Maximum Expected Period Of Sale Of Property
MaximumExpectedPeriodOfSaleOfProperty
P1Y
CY2013 are Minimum Percentage Of Taxable Income To Be Distributed
MinimumPercentageOfTaxableIncomeToBeDistributed
1
CY2012Q4 are Net Assets Of Disposal Group Including Discontinued Operation
NetAssetsOfDisposalGroupIncludingDiscontinuedOperation
129762000 USD
CY2013Q4 are Net Assets Of Disposal Group Including Discontinued Operation
NetAssetsOfDisposalGroupIncludingDiscontinuedOperation
7481000 USD
CY2013 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
108751000 USD
CY2012 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
67630000 USD
CY2011 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
101973000 USD
CY2013Q2 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
25483000 USD
CY2013Q4 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
36247000 USD
CY2013Q3 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
24579000 USD
CY2013Q1 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
22442000 USD
CY2012Q2 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
17616000 USD
CY2012Q4 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
21000000 USD
CY2012Q1 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
18368000 USD
CY2012Q3 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
10646000 USD
CY2012 are Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
58814000 USD
CY2011 are Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
83896000 USD
CY2013 are Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
107851000 USD
CY2013 are Net Income Loss Including Portion Attributableto Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
139178000 USD
CY2012 are Net Income Loss Including Portion Attributableto Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
104555000 USD
CY2011 are Net Income Loss Including Portion Attributableto Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
134075000 USD
CY2011 are Net Taxable Income Loss
NetTaxableIncomeLoss
0 USD
CY2012 are Net Taxable Income Loss
NetTaxableIncomeLoss
0 USD
CY2011 are Note Receivable From Sale Of Real Estate
NoteReceivableFromSaleOfRealEstate
0 USD
CY2013 are Note Receivable From Sale Of Real Estate
NoteReceivableFromSaleOfRealEstate
38820000 USD
CY2012 are Note Receivable From Sale Of Real Estate
NoteReceivableFromSaleOfRealEstate
6125000 USD
CY2013 are Number Of Ground Lease Related To Operating Property Expiring In2036
NumberOfGroundLeaseRelatedToOperatingPropertyExpiringIn2036
1 Lease
CY2013 are Number Of Land Development Parcels Under Ground Leased
NumberOfLandDevelopmentParcelsUnderGroundLeased
2 Parcel
CY2013 are Number Of Leases Held
NumberOfLeasesHeld
527 Lease
CY2013 are Number Of Properties Leased
NumberOfPropertiesLeased
180 property
CY2013 are Number Of Properties Under Ground Leased
NumberOfPropertiesUnderGroundLeased
29 property
CY2013 are Number Of Real Estate Properties Sold
NumberOfRealEstatePropertiesSold
7 property
CY2013Q4 are Number Of Real Estate Property Construction Or Preconstruction Activities
NumberOfRealEstatePropertyConstructionOrPreconstructionActivities
0 Transaction
CY2013 are Number Of Single Tenant Properties
NumberOfSingleTenantProperties
79 Tenant
CY2013 are Number Of Tenants
NumberOfTenants
425 Tenant
CY2013 are Operating Lease Obligation Remaining Lease Term
OperatingLeaseObligationRemainingLeaseTerm
P6Y
CY2013 are Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-25610000 USD
CY2013 are Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
-11455000 USD
CY2011 are Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
-16151000 USD
CY2013 are Percentage Of Effective Portion Of Interest Rate Hedge Agreements
PercentageOfEffectivePortionOfInterestRateHedgeAgreements
1.00
CY2011 are Percentage Of Effective Portion Of Interest Rate Hedge Agreements
PercentageOfEffectivePortionOfInterestRateHedgeAgreements
1.00
CY2012 are Percentage Of Effective Portion Of Interest Rate Hedge Agreements
PercentageOfEffectivePortionOfInterestRateHedgeAgreements
1.00
CY2013Q4 are Percentage Of Leases Containing Effective Annual Rent Escalation
PercentageOfLeasesContainingEffectiveAnnualRentEscalation
0.95
CY2013Q4 are Percentage Of Leases Providing For Recapture Of Capital Expenditures
PercentageOfLeasesProvidingForRecaptureOfCapitalExpenditures
0.92
CY2013 are Preferred Stock Shares Additional Shares Authorized
PreferredStockSharesAdditionalSharesAuthorized
200000000 shares
CY2013Q4 are Preferred Stock Shares Additional Shares Authorized Issued And Outstanding
PreferredStockSharesAdditionalSharesAuthorizedIssuedAndOutstanding
0 shares
CY2013Q4 are Prepaid Rent And Tenant Security Deposits
PrepaidRentAndTenantSecurityDeposits
188241000 USD
CY2012Q4 are Prepaid Rent And Tenant Security Deposits
PrepaidRentAndTenantSecurityDeposits
143878000 USD
CY2013Q4 are Principal Amortization Of Unsecured Debt
PrincipalAmortizationOfUnsecuredDebt
23859000 USD
CY2013Q4 are Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Of Building And Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionOfBuildingAndImprovements
3271718000 USD
CY2013 are Real Estate Write Off
RealEstateWriteOff
0 USD
CY2012 are Real Estate Write Off
RealEstateWriteOff
17730000 USD
CY2011 are Real Estate Write Off
RealEstateWriteOff
0 USD
CY2013 are Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-14239000 USD
CY2013Q4 are Remaining Aggregate Costs Under Contracts
RemainingAggregateCostsUnderContracts
272000000 USD
CY2013 are Rentable Square Feet Properties Number
RentableSquareFeetPropertiesNumber
180 property
CY2013Q4 are Rentable Square Footage Of Real Estate Property Operating Properties
RentableSquareFootageOfRealEstatePropertyOperatingProperties
15534238 sqft
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001035443
CY2014Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
71641272 shares
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q4 are Rental Properties Net
RentalPropertiesNet
5490102000 USD
CY2012Q4 are Rental Properties Net
RentalPropertiesNet
4770736000 USD
CY2013 are Temporary Equity Other Comprehensive Income Loss Netof Tax
TemporaryEquityOtherComprehensiveIncomeLossNetofTax
0 USD
CY2011 are Temporary Equity Other Comprehensive Income Loss Netof Tax
TemporaryEquityOtherComprehensiveIncomeLossNetofTax
50000 USD
CY2012 are Temporary Equity Other Comprehensive Income Loss Netof Tax
TemporaryEquityOtherComprehensiveIncomeLossNetofTax
-50000 USD
CY2013Q4 are Single Tenant Properties As Percentage Of Total Properties
SingleTenantPropertiesAsPercentageOfTotalProperties
0.44
CY2013Q4 are Square Footage Of Real Estate Property Active Redevelopment
SquareFootageOfRealEstatePropertyActiveRedevelopment
99873 sqft
CY2013Q4 are Square Footage Of Real Estate Property Ground Up Development
SquareFootageOfRealEstatePropertyGroundUpDevelopment
1826919 sqft
CY2012 are Taxable Income Before Dividend Deduction
TaxableIncomeBeforeDividendDeduction
148766000 USD
CY2011 are Taxable Income Before Dividend Deduction
TaxableIncomeBeforeDividendDeduction
132160000 USD
CY2013 are Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterest
1191000 USD
CY2011 are Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterest
1263000 USD
CY2012 are Temporary Equity Decreasefrom Distributionsto Noncontrolling Interest
TemporaryEquityDecreasefromDistributionstoNoncontrollingInterest
1249000 USD
CY2011 are Temporary Equity Increasefrom Contributionby Noncontrolling Interest
TemporaryEquityIncreasefromContributionbyNoncontrollingInterest
9000 USD
CY2013Q4 are Total Rentable Square Footage Of Real Estate Property
TotalRentableSquareFootageOfRealEstateProperty
17461030 sqft
CY2011 are Transfers Due To Due From Parent Entity
TransfersDueToDueFromParentEntity
0 USD
CY2012 are Transfers Due To Due From Parent Entity
TransfersDueToDueFromParentEntity
0 USD
CY2013 are Transfers Due To Due From Parent Entity
TransfersDueToDueFromParentEntity
0 USD
CY2013Q4 are Triple Net Leases Percentage
TripleNetLeasesPercentage
0.94
CY2012Q4 are Unsecured Bank Term Loans
UnsecuredBankTermLoans
1350000000 USD
CY2013Q4 are Unsecured Bank Term Loans
UnsecuredBankTermLoans
1100000000 USD
CY2012Q4 are Unsecured Senior Notes Payable
UnsecuredSeniorNotesPayable
549805000 USD
CY2013Q4 are Unsecured Senior Notes Payable
UnsecuredSeniorNotesPayable
1048230000 USD
CY2013Q4 are Variable Interest Rate Debt As Percentage Of Total Outstanding Balance
VariableInterestRateDebtAsPercentageOfTotalOutstandingBalance
0.16
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013Q2 dei Entity Public Float
EntityPublicFloat
4600000000 USD
CY2013 dei Entity Registrant Name
EntityRegistrantName
ALEXANDRIA REAL ESTATE EQUITIES INC
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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0001035443-14-000013.txt Edgar Link pending
0001035443-14-000013-xbrl.zip Edgar Link pending
are-20131231.xml Edgar Link completed
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