2015 Q2 Form 10-Q Financial Statement

#000103544315000054 Filed on April 29, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2015 Q1 2014 Q1
Revenue $204.2M $196.8M $176.2M
YoY Change 15.73% 11.67% 17.39%
Cost Of Revenue $62.30M $61.20M $52.50M
YoY Change 18.89% 16.57% 16.15%
Gross Profit $141.9M $135.5M $123.7M
YoY Change 14.44% 9.54% 17.92%
Gross Profit Margin 69.51% 68.87% 70.21%
Selling, General & Admin $15.00M $14.40M $13.20M
YoY Change 8.7% 9.09% 13.79%
% of Gross Profit 10.57% 10.63% 10.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $62.20M $58.92M $50.42M
YoY Change 8.55% 16.86% 7.28%
% of Gross Profit 43.83% 43.48% 40.76%
Operating Expenses $77.10M $73.30M $63.70M
YoY Change 8.44% 15.07% 10.78%
Operating Profit $64.80M $62.20M $60.00M
YoY Change 22.5% 3.67% 26.58%
Interest Expense $26.67M $23.24M $19.12M
YoY Change 52.97% 21.51% 6.12%
% of Operating Profit 41.15% 37.36% 31.87%
Other Income/Expense, Net
YoY Change
Pretax Income $38.40M $25.10M $40.90M
YoY Change 8.17% -38.63% 39.12%
Income Tax $0.00
% Of Pretax Income 0.0%
Net Earnings $38.17M $24.52M $39.72M
YoY Change 9.19% -38.27% 39.76%
Net Earnings / Revenue 18.7% 12.46% 22.54%
Basic Earnings Per Share
Diluted Earnings Per Share $535.0K $343.1K $557.0K
COMMON SHARES
Basic Shares Outstanding 72.04M shares 72.03M shares 71.64M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $437.0M $373.7M $75.00M
YoY Change 84.77% 398.27% -13.79%
Cash & Equivalents $76.38M $90.64M $74.97M
Short-Term Investments $360.6M $283.1M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $9.000M $11.00M $11.00M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $78.00M $102.0M $86.00M
YoY Change 6.85% 18.6% -10.42%
LONG-TERM ASSETS
Property, Plant & Equipment $7.322B $7.268B $6.883B
YoY Change 4.87% 5.59% 7.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $121.1M $120.0M $217.0M
YoY Change -45.72% -44.69% 3616566.67%
Other Assets $512.0M $500.0M $425.0M
YoY Change 18.24% 17.65% 18.06%
Total Long-Term Assets $8.447B $8.303B $7.670B
YoY Change 9.1% 8.26% 9.65%
TOTAL ASSETS
Total Short-Term Assets $78.00M $102.0M $86.00M
Total Long-Term Assets $8.447B $8.303B $7.670B
Total Assets $8.525B $8.405B $7.756B
YoY Change 9.07% 8.37% 9.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $357.0M $388.0M $444.0M
YoY Change -17.93% -12.61% 20.98%
Accrued Expenses $60.00M $86.00M
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 $478.0M $533.0M $500.0M
YoY Change -2.85% 6.6% 21.65%
LONG-TERM LIABILITIES
Long-Term Debt $4.093B $3.904B $3.252B
YoY Change 22.73% 20.05% 2.1%
Other Long-Term Liabilities $115.0M $172.0M
YoY Change
Total Long-Term Liabilities $4.208B $4.076B $3.252B
YoY Change 26.18% 25.34% 2.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $478.0M $533.0M $500.0M
Total Long-Term Liabilities $4.208B $4.076B $3.252B
Total Liabilities $4.686B $4.608B $3.752B
YoY Change 22.45% 22.84% 4.34%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $717.0K $716.0K $712.0K
YoY Change 0.56% 0.56% 12.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.823B $3.781B $3.923B
YoY Change
Total Liabilities & Shareholders Equity $8.525B $8.405B $8.136B
YoY Change 9.07% 3.31% 14.74%

Cashflow Statement

Concept 2015 Q2 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $38.17M $24.52M $39.72M
YoY Change 9.19% -38.27% 39.76%
Depreciation, Depletion And Amortization $62.20M $58.92M $50.42M
YoY Change 8.55% 16.86% 7.28%
Cash From Operating Activities $44.60M $106.8M $73.26M
YoY Change -37.36% 45.84% 55.08%
INVESTING ACTIVITIES
Capital Expenditures -$165.2M -$198.6M -$153.9M
YoY Change 6.79% 29.04% 10.56%
Acquisitions
YoY Change
Other Investing Activities $19.30M $28.50M -$8.800M
YoY Change -56.33% -423.86% -112.63%
Cash From Investing Activities -$145.9M -$170.1M -$162.7M
YoY Change 32.04% 4.51% 134.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.052M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 79.40M $67.67M $106.5M
YoY Change 212.6% -36.44% -437.92%
NET CHANGE
Cash From Operating Activities 44.60M $106.8M $73.26M
Cash From Investing Activities -145.9M -$170.1M -$162.7M
Cash From Financing Activities 79.40M $67.67M $106.5M
Net Change In Cash -21.90M $4.460M $17.01M
YoY Change 57.55% -73.79% -131.63%
FREE CASH FLOW
Cash From Operating Activities $44.60M $106.8M $73.26M
Capital Expenditures -$165.2M -$198.6M -$153.9M
Free Cash Flow $209.8M $305.4M $227.2M
YoY Change -7.13% 34.46% 21.84%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q1 are Assets Heldfor Sale Numberof Properties
AssetsHeldforSaleNumberofProperties
3 property
CY2014Q4 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
CY2015Q1 are Cost Method Investment Ownership Percentage
CostMethodInvestmentOwnershipPercentage
0.10
CY2015Q1 are Debt Instrument Percentage Of Outstanding Balance
DebtInstrumentPercentageOfOutstandingBalance
1.000
CY2015Q1 are Debt Instrument Weighted Average Remaining Period
DebtInstrumentWeightedAverageRemainingPeriod
P5Y3M18D
CY2014Q4 are Deferred Costs Leasing And Finance Net
DeferredCostsLeasingAndFinanceNet
201798000 USD
CY2015Q1 are Deferred Costs Leasing And Finance Net
DeferredCostsLeasingAndFinanceNet
199576000 USD
CY2014Q4 are Deferred Rent Liability
DeferredRentLiability
36231000 USD
CY2015Q1 are Deferred Rent Liability
DeferredRentLiability
26722000 USD
CY2014Q1 are Depreciationand Amortization Assets Heldfor Sale
DepreciationandAmortizationAssetsHeldforSale
1891000 USD
CY2015Q1 are Depreciationand Amortization Assets Heldfor Sale
DepreciationandAmortizationAssetsHeldforSale
127000 USD
CY2015Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Areaof Real Estate
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsAreaofRealEstate
234186 sqft
CY2014Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Impairmentof Real Estate
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsImpairmentofRealEstate
0 USD
CY2015Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Impairmentof Real Estate
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsImpairmentofRealEstate
14510000 USD
CY2015Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Numberof Properties
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsNumberofProperties
2 property
CY2014Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Operating Expense
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsOperatingExpense
701000 USD
CY2015Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Operating Expense
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsOperatingExpense
766000 USD
CY2014Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Operating Income Loss
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsOperatingIncomeLoss
1799000 USD
CY2015Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Operating Income Loss
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsOperatingIncomeLoss
1564000 USD
CY2014Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Revenue
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsRevenue
2500000 USD
CY2015Q1 are Disposal Group Including Assets Heldfor Sale Not Qualifyingas Discontinued Operations Revenue
DisposalGroupIncludingAssetsHeldforSaleNotQualifyingasDiscontinuedOperationsRevenue
2330000 USD
CY2015Q1 are Disposal Group Including Discontinued Operation Operating Properties Held For Sale Number
DisposalGroupIncludingDiscontinuedOperationOperatingPropertiesHeldForSaleNumber
4 property
CY2015Q1 are Disposal Group Including Discontinued Operation Properties Sold Number
DisposalGroupIncludingDiscontinuedOperationPropertiesSoldNumber
3 property
CY2015Q1 are Effective Portion Of Interest Rate Cash Flow Hedge Derivatives
EffectivePortionOfInterestRateCashFlowHedgeDerivatives
950000000 USD
CY2015Q1 are Effective Portionof Interest Rate Cash Flow Hedgein Year Two
EffectivePortionofInterestRateCashFlowHedgeinYearTwo
600000000 USD
CY2015Q1 are Effective Portionof Interest Rate Cash Flow Hedgeinthe Next Twelve Months
EffectivePortionofInterestRateCashFlowHedgeintheNextTwelveMonths
950000000 USD
CY2015Q1 are Fixed Interest Rate Debt As Percentage Of Total Outstanding Balance
FixedInterestRateDebtAsPercentageOfTotalOutstandingBalance
0.81
CY2014Q4 are Improvements Others
ImprovementsOthers
192128000 USD
CY2015Q1 are Improvements Others
ImprovementsOthers
221535000 USD
CY2014Q1 are Income Lossfrom Assets Heldfor Sale Not Qualifyingas Discontinued Operations
IncomeLossfromAssetsHeldforSaleNotQualifyingasDiscontinuedOperations
-92000 USD
CY2015Q1 are Income Lossfrom Assets Heldfor Sale Not Qualifyingas Discontinued Operations
IncomeLossfromAssetsHeldforSaleNotQualifyingasDiscontinuedOperations
-13073000 USD
CY2015Q1 are Investment Grade Client Tenants As Percentage Of Total Annualized Base Rent
InvestmentGradeClientTenantsAsPercentageOfTotalAnnualizedBaseRent
0.52
CY2015Q1 are Maximum Expected Period Of Sale Of Property
MaximumExpectedPeriodOfSaleOfProperty
P1Y
CY2014Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
31136000 USD
CY2015Q1 us-gaap Interest Costs Incurred
InterestCostsIncurred
34207000 USD
CY2015Q1 are Maximum Expected Periodfor Collectionof Receivables
MaximumExpectedPeriodforCollectionofReceivables
P1Y
CY2014Q1 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
32709000 USD
CY2015Q1 are Net Income Loss Attributable To Common Stockholders
NetIncomeLossAttributableToCommonStockholders
17786000 USD
CY2015Q1 are Minimum Percentage Of Taxable Income To Be Distributed
MinimumPercentageOfTaxableIncomeToBeDistributed
1
CY2014Q4 are Net Assets Of Disposal Group Including Discontinued Operation
NetAssetsOfDisposalGroupIncludingDiscontinuedOperation
177809000 USD
CY2015Q1 are Net Assets Of Disposal Group Including Discontinued Operation
NetAssetsOfDisposalGroupIncludingDiscontinuedOperation
122814000 USD
CY2014Q1 are Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
32871000 USD
CY2015Q1 are Net Income Loss Available To Common Stockholders
NetIncomeLossAvailableToCommonStockholders
17829000 USD
CY2015Q1 are Numberofunconsolidatedjointventures
Numberofunconsolidatedjointventures
2
CY2015Q1 are Other Comprehensive Income Loss Netof Tax Including Portion Attributableto Nonredeemable Noncontrolling Interest
OtherComprehensiveIncomeLossNetofTaxIncludingPortionAttributabletoNonredeemableNoncontrollingInterest
29995000 USD
CY2015Q1 are Other Comprehensive Incomeloss Netof Tax Attributableeto Noncontrolling Interests
OtherComprehensiveIncomelossNetofTaxAttributableetoNoncontrollingInterests
154000 USD
CY2015Q1 are Percent Of Taxable Income Generally Distributed As Dividend
PercentOfTaxableIncomeGenerallyDistributedAsDividend
0.90
CY2014Q1 are Percentage Of Effective Portion Of Interest Rate Hedge Agreements
PercentageOfEffectivePortionOfInterestRateHedgeAgreements
1.00
CY2015Q1 are Percentage Of Effective Portion Of Interest Rate Hedge Agreements
PercentageOfEffectivePortionOfInterestRateHedgeAgreements
1.00
CY2015Q1 are Percentage Of Leases Containing Effective Annual Rent Escalation
PercentageOfLeasesContainingEffectiveAnnualRentEscalation
0.94
CY2015Q1 are Percentage Of Leases Providing For Recapture Of Capital Expenditures
PercentageOfLeasesProvidingForRecaptureOfCapitalExpenditures
0.93
CY2015Q1 are Preferred Stock Shares Additional Shares Authorized
PreferredStockSharesAdditionalSharesAuthorized
200000000 shares
CY2015Q1 are Preferred Stock Shares Additional Shares Authorized Issued And Outstanding
PreferredStockSharesAdditionalSharesAuthorizedIssuedAndOutstanding
0 shares
CY2014Q4 are Prepaid Rent And Tenant Security Deposits
PrepaidRentAndTenantSecurityDeposits
193699000 USD
CY2015Q1 are Prepaid Rent And Tenant Security Deposits
PrepaidRentAndTenantSecurityDeposits
204688000 USD
CY2014Q4 are Real Estate Investments Propertyincluding Unconsolidated Joint Venturesat Cost
RealEstateInvestmentsPropertyincludingUnconsolidatedJointVenturesatCost
8346261000 USD
CY2015Q1 are Real Estate Investments Propertyincluding Unconsolidated Joint Venturesat Cost
RealEstateInvestmentsPropertyincludingUnconsolidatedJointVenturesatCost
8541889000 USD
CY2015Q1 are Square Footageof Real Estate Property Future Development
SquareFootageofRealEstatePropertyFutureDevelopment
12126288 sqft
CY2015Q1 are Total Market Capitalization
TotalMarketCapitalization
11300000000 USD
CY2015Q1 are Total Rentable Square Footageof Asset Base
TotalRentableSquareFootageofAssetBase
30654286 sqft
CY2015Q1 are Total Square Footageof Asset Base
TotalSquareFootageofAssetBase
30700000 sqft
CY2014Q1 are Transfers Due To Due From Parent Entity
TransfersDueToDueFromParentEntity
0 USD
CY2015Q1 are Transfers Due To Due From Parent Entity
TransfersDueToDueFromParentEntity
0 USD
CY2014Q1 are Transfersin Fair Value Hierarchy
TransfersinFairValueHierarchy
0
CY2015Q1 are Transfersin Fair Value Hierarchy
TransfersinFairValueHierarchy
0
CY2015Q1 are Triple Net Leases Percentage
TripleNetLeasesPercentage
0.95
CY2015Q1 are Variable Interest Rate Debt As Percentage Of Total Outstanding Balance
VariableInterestRateDebtAsPercentageOfTotalOutstandingBalance
0.19
CY2015Q1 dei Amendment Flag
AmendmentFlag
false
CY2015Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2015Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2015Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
CY2015Q1 dei Document Period End Date
DocumentPeriodEndDate
2015-03-31
CY2015Q1 dei Document Type
DocumentType
10-Q
CY2015Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001035443
CY2015Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
72040192 shares
CY2015Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2015Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2015Q1 dei Entity Registrant Name
EntityRegistrantName
ALEXANDRIA REAL ESTATE EQUITIES INC
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
489085000 USD
CY2015Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
645619000 USD
CY2014Q4 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
127828000 USD
CY2015Q1 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
156269000 USD
CY2014Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
10548000 USD
CY2015Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
10627000 USD
CY2014Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-628000 USD
CY2015Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
29213000 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3461189000 USD
CY2015Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3383456000 USD
CY2015Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
5768000 USD
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2015Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 USD
CY2014Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-816000 USD
CY2015Q1 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
-933000 USD
CY2014Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
205000 USD
CY2015Q1 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-82000 USD
CY2014Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2561000 USD
CY2015Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2834000 USD
CY2015Q1 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
18527998 sqft
CY2014Q4 us-gaap Asset Retirement Obligation
AssetRetirementObligation
9108000 USD
CY2015Q1 us-gaap Asset Retirement Obligation
AssetRetirementObligation
8984000 USD
CY2014Q4 us-gaap Assets
Assets
8136036000 USD
CY2015Q1 us-gaap Assets
Assets
8405221000 USD
CY2015Q1 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
3400000 USD
CY2014Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
183853000 USD
CY2015Q1 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
122814000 USD
CY2014Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
53625000 USD
CY2015Q1 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedGainBeforeTax
83513000 USD
CY2014Q4 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1258000 USD
CY2015Q1 us-gaap Available For Sale Equity Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleEquitySecuritiesAccumulatedGrossUnrealizedLossBeforeTax
1608000 USD
CY2014Q4 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
21898000 USD
CY2015Q1 us-gaap Available For Sale Equity Securities Amortized Cost Basis
AvailableForSaleEquitySecuritiesAmortizedCostBasis
33851000 USD
CY2014Q4 us-gaap Available For Sale Securities
AvailableForSaleSecurities
74265000 USD
CY2015Q1 us-gaap Available For Sale Securities
AvailableForSaleSecurities
115756000 USD
CY2014Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
8810000 USD
CY2015Q1 us-gaap Below Market Lease Net
BelowMarketLeaseNet
29198000 USD
CY2014Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6028000 USD
CY2015Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
7249000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
57696000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74970000 USD
CY2014Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
86011000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
90641000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
17274000 USD
CY2015Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
4630000 USD
CY2015Q1 us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
1300000 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2015Q1 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
USD
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.70
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.74
CY2014Q4 us-gaap Common Stock Value
CommonStockValue
715000 USD
CY2015Q1 us-gaap Common Stock Value
CommonStockValue
716000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
57329000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
54357000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1195000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
646000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
58524000 USD
CY2015Q1 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
55003000 USD
CY2014Q4 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
91110000 USD
CY2015Q1 us-gaap Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
85769000 USD
CY2014Q4 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
237163000 USD
CY2015Q1 us-gaap Convertible Preferred Stock Nonredeemable Or Redeemable Issuer Option Value
ConvertiblePreferredStockNonredeemableOrRedeemableIssuerOptionValue
237163000 USD
CY2014Q4 us-gaap Cost Method Investments
CostMethodInvestments
162124000 USD
CY2015Q1 us-gaap Cost Method Investments
CostMethodInvestments
167306000 USD
CY2014Q1 us-gaap Costs And Expenses
CostsAndExpenses
135275000 USD
CY2015Q1 us-gaap Costs And Expenses
CostsAndExpenses
172276000 USD
CY2015Q1 us-gaap Debt Instrument Annual Principal Payment
DebtInstrumentAnnualPrincipalPayment
38748000 USD
CY2015Q1 us-gaap Debt Instrument Periodic Payment Terms Balloon Payment To Be Paid
DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid
3865178000 USD
CY2015Q1 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.0317
CY2014Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
234124000 USD
CY2015Q1 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
243459000 USD
CY2014Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
50421000 USD
CY2015Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
58920000 USD
CY2014Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
50421000 USD
CY2015Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
58920000 USD
CY2015Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2014Q1 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0 USD
CY2015Q1 us-gaap Derivative Instruments Gain Loss Recognized In Income Ineffective Portion And Amount Excluded From Effectiveness Testing Net
DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
0 USD
CY2014Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
909000 USD
CY2015Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
3417000 USD
CY2015Q1 us-gaap Dilutive Securities
DilutiveSecurities
0 USD
CY2014Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
52507000 USD
CY2015Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
61223000 USD
CY2014Q1 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
162000 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
43000 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
10147000 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Other Assets
DisposalGroupIncludingDiscontinuedOperationOtherAssets
5611000 USD
CY2014Q4 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
173706000 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Property Plant And Equipment
DisposalGroupIncludingDiscontinuedOperationPropertyPlantAndEquipment
117203000 USD
CY2014Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2015Q1 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2015Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
53306000 USD
CY2014Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
58814000 USD
CY2015Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
58824000 USD
CY2014Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6471000 USD
CY2015Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
6247000 USD
CY2014Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.46
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.25
CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
260000 USD
CY2015Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
170000 USD
CY2014Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
CY2015Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
491000 USD
CY2014Q4 us-gaap Equity Method Investments
EquityMethodInvestments
117406000 USD
CY2015Q1 us-gaap Equity Method Investments
EquityMethodInvestments
120028000 USD
CY2014Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
4040000 USD
CY2015Q1 us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
5937000 USD
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13224000 USD
CY2015Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
14387000 USD
CY2014Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
CY2015Q1 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
14510000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
39716000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
24559000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
40911000 USD
CY2015Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
25051000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.46
CY2015Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
0.25
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-162000 USD
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-43000 USD
CY2014Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2015Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0.00
CY2014Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
0 USD
CY2015Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
574000 USD
CY2014Q1 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2015Q1 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2014Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
7572000 USD
CY2015Q1 us-gaap Increase Decrease In Deferred Leasing Fees
IncreaseDecreaseInDeferredLeasingFees
7131000 USD
CY2014Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
690000 USD
CY2015Q1 us-gaap Increase Decrease In Leasing Receivables
IncreaseDecreaseInLeasingReceivables
102000 USD
CY2014Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
16716000 USD
CY2015Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
27121000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
17315000 USD
CY2015Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3247000 USD
CY2014Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
140000 USD
CY2015Q1 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
0 USD
CY2014Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
0 USD
CY2015Q1 us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
51000 USD
CY2014Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
12013000 USD
CY2015Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
10971000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
19123000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
23236000 USD
CY2014Q1 us-gaap Interest Income Operating
InterestIncomeOperating
862000 USD
CY2015Q1 us-gaap Interest Income Operating
InterestIncomeOperating
485000 USD
CY2014Q1 us-gaap Interest Paid Net
InterestPaidNet
6093000 USD
CY2015Q1 us-gaap Interest Paid Net
InterestPaidNet
15514000 USD
CY2014Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
909000 USD
CY2015Q1 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
3417000 USD
CY2014Q4 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
6171504000 USD
CY2015Q1 us-gaap Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
6609158000 USD
CY2014Q1 us-gaap Investment Income Net
InvestmentIncomeNet
2346000 USD
CY2015Q1 us-gaap Investment Income Net
InvestmentIncomeNet
3712000 USD
CY2014Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2015Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2014Q4 us-gaap Land
Land
624681000 USD
CY2015Q1 us-gaap Land
Land
679070000 USD
CY2014Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
683101000 USD
CY2015Q1 us-gaap Land Available For Development
LandAvailableForDevelopment
497989000 USD
CY2014Q4 us-gaap Liabilities
Liabilities
4226478000 USD
CY2015Q1 us-gaap Liabilities
Liabilities
4608369000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8136036000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8136036000 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8405221000 USD
CY2014Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
6044000 USD
CY2015Q1 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
0 USD
CY2014Q4 us-gaap Line Of Credit
LineOfCredit
304000000 USD
CY2015Q1 us-gaap Line Of Credit
LineOfCredit
421000000 USD
CY2014Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
975000000 USD
CY2015Q1 us-gaap Loans Payable To Bank
LoansPayableToBank
975000000 USD
CY2015Q1 us-gaap Long Term Debt
LongTermDebt
3903926000 USD
CY2015Q1 us-gaap Longterm Debt Percentage Bearing Fixed Interest Amount
LongtermDebtPercentageBearingFixedInterestAmount
3180113000 USD
CY2015Q1 us-gaap Longterm Debt Percentage Bearing Variable Interest Amount
LongtermDebtPercentageBearingVariableInterestAmount
723813000 USD
CY2014Q1 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
1694000 USD
CY2015Q1 us-gaap Loss On Sale Of Investments
LossOnSaleOfInvestments
2225000 USD
CY2014Q4 us-gaap Marketable Securities
MarketableSecurities
236389000 USD
CY2015Q1 us-gaap Marketable Securities
MarketableSecurities
283062000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
66804000 USD
CY2015Q1 us-gaap Minority Interest
MinorityInterest
2022000 USD
CY2015Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
113967000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
106474000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
67671000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-162719000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-170052000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
73259000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
106841000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1195000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
492000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3106000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2965000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
0 USD
CY2014Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32709000 USD
CY2015Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
17786000 USD
CY2015Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
24744000 USD
CY2015Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
340000 USD
CY2014Q1 us-gaap Notes Assumed1
NotesAssumed1
48329000 USD
CY2015Q1 us-gaap Notes Assumed1
NotesAssumed1
82000000 USD
CY2014Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
130570000 USD
CY2015Q1 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
143608000 USD
CY2014Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
21390000 USD
CY2015Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
130572000 USD
CY2014Q4 us-gaap Other Assets
OtherAssets
114266000 USD
CY2015Q1 us-gaap Other Assets
OtherAssets
133093000 USD
CY2014Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-3106000 USD
CY2015Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-6271000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
18779000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
29538000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
19151000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2102000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-2508000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Reclassification Adjustment From Aoci Realized Upon Sale Or Liquidation Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax
-9236000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
17775000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
29995000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
29841000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1103000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
3490000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-505000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
5592000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3013000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
18779000 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
28435000 USD
CY2014Q1 us-gaap Other Income
OtherIncome
3934000 USD
CY2015Q1 us-gaap Other Income
OtherIncome
4751000 USD
CY2014Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
374000 USD
CY2015Q1 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Diluted
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossDiluted
483000 USD
CY2014Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
0 USD
CY2015Q1 us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
PaymentsForProceedsFromDepositsOnRealEstateAcquisitions
28000000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
48714000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
53295000 USD
CY2014Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6471000 USD
CY2015Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
6247000 USD
CY2014Q4 us-gaap Rental Properties
RentalProperties
6988313000 USD
CY2014Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8000 USD
CY2015Q1 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
563000 USD
CY2014Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
0 USD
CY2015Q1 us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
113967000 USD
CY2014Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
747000 USD
CY2015Q1 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
2539000 USD
CY2014Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2015Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 USD
CY2014Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
11905000 USD
CY2015Q1 us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
15118000 USD
CY2014Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
42338000 USD
CY2015Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
93938000 USD
CY2014Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
111587000 USD
CY2015Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
104632000 USD
CY2014Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
988000 USD
CY2015Q1 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
9846000 USD
CY2015Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
14700000 shares
CY2014Q4 us-gaap Preferred Stock Value
PreferredStockValue
130000000 USD
CY2015Q1 us-gaap Preferred Stock Value
PreferredStockValue
130000000 USD
CY2014Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
0 USD
CY2015Q1 us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
4214000 USD
CY2014Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
51030000 USD
CY2015Q1 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
29585000 USD
CY2014Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
360000000 USD
CY2015Q1 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
167000000 USD
CY2014Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
19410000 USD
CY2015Q1 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
340000 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
1059000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Restricted Cash Financing Activities
ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
-1369000 USD
CY2014Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
3998000 USD
CY2015Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
ProceedsFromSaleMaturityAndCollectionsOfInvestments
2345000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
CY2015Q1 us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
67616000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
40749000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
25008000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1120245000 USD
CY2015Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1153830000 USD
CY2014Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8228855000 USD
CY2015Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8421861000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7226016000 USD
CY2015Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7388059000 USD
CY2014Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
176186000 USD
CY2015Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
196753000 USD
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-10844000 USD
CY2015Q1 us-gaap Rental Properties
RentalProperties
7509763000 USD
CY2014Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
58000000 USD
CY2015Q1 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
50000000 USD
CY2014Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
210844000 USD
CY2015Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
7934000 USD
CY2014Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
26884000 USD
CY2015Q1 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
56704000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
652209000 USD
CY2015Q1 us-gaap Secured Debt
SecuredDebt
760476000 USD
CY2014Q4 us-gaap Senior Long Term Notes
SeniorLongTermNotes
1747370000 USD
CY2015Q1 us-gaap Senior Long Term Notes
SeniorLongTermNotes
1747450000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3228000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3690000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
3828439000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
3780548000 USD
CY2014Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3895243000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3895243000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3782570000 USD
CY2014Q1 us-gaap Straight Line Rent
StraightLineRent
11882000 USD
CY2015Q1 us-gaap Straight Line Rent
StraightLineRent
9901000 USD
CY2014Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
14315000 USD
CY2015Q1 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
TemporaryEquityCarryingAmountIncludingPortionAttributableToNoncontrollingInterests
14282000 USD
CY2014Q1 us-gaap Tenant Reimbursements
TenantReimbursements
41682000 USD
CY2015Q1 us-gaap Tenant Reimbursements
TenantReimbursements
48394000 USD
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
71073000 shares
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
71366000 shares
CY2015Q1 us-gaap Nature Of Operations
NatureOfOperations
<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 quarterly report on Form 10-Q, references to the &#8220;Company,&#8221; &#8220;Alexandria,&#8221; &#8220;ARE,&#8221; &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221; refer to Alexandria Real Estate Equities, Inc. and its consolidated 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:115%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Alexandria Real Estate Equities, Inc. (NYSE:ARE), is a self-administered and self-managed investment-grade REIT, and is the largest and leading REIT focused on unique collaborative campuses in urban innovation clusters located in key coastal science and technology gateway cities, with a total market capitalization of </font><font style="font-family:inherit;font-size:10pt;">$11.3 billion</font><font style="font-family:inherit;font-size:10pt;"> as of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2015</font><font style="font-family:inherit;font-size:10pt;">, and an asset base of </font><font style="font-family:inherit;font-size:10pt;">30.7 million</font><font style="font-family:inherit;font-size:10pt;"> square feet, including </font><font style="font-family:inherit;font-size:10pt;">18.5 million</font><font style="font-family:inherit;font-size:10pt;"> RSF of operating and current value-creation projects, as well as an additional </font><font style="font-family:inherit;font-size:10pt;">2.2 million</font><font style="font-family:inherit;font-size:10pt;"> square feet of near-term value-creation development projects and </font><font style="font-family:inherit;font-size:10pt;">10.0 million</font><font style="font-family:inherit;font-size:10pt;"> square feet of future ground-up development projects. Alexandria pioneered this niche in 1994 and has since established a dominant market presence in AAA locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle Park. Alexandria is known for its high-quality and diverse client tenant base, with approximately </font><font style="font-family:inherit;font-size:10pt;">52%</font><font style="font-family:inherit;font-size:10pt;"> of its total annualized base rent (&#8220;ABR&#8221;) (</font><font style="font-family:inherit;font-size:10pt;">as of March 31, 2015</font><font style="font-family:inherit;font-size:10pt;">) generated from investment-grade client tenants. Alexandria has a longstanding and proven track record of developing Class A assets clustered in urban science and technology campuses that provide its innovative client tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success. We believe these advantages result in higher occupancy levels, longer lease terms, higher rental income, higher returns, and greater long-term asset value. For additional information on Alexandria, please visit our website at 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 consisted of&#160;the following, as of </font><font style="font-family:inherit;font-size:10pt;">March 31, 2015</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="81%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="17%" 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;">Square Feet</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;">16,620,690</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 (includes unconsolidated joint ventures)</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;">1,763,531</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;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;">143,777</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" 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;">Total operating and current value-creation projects</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;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;">18,527,998</font></div></td><td style="vertical-align:bottom;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;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;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;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</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;">Near-term value-creation projects (CIP)</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;">2,164,780</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;">Future value-creation projects</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;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">9,961,508</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" 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="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 style="vertical-align:bottom;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;">12,126,288</font></div></td><td style="vertical-align:bottom;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;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;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;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;height:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</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;">Total</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;border-bottom:3px double #000000;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;">30,654,286</font></div></td><td 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><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:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Investment-grade client tenants represented approximately </font><font style="font-family:inherit;font-size:10pt;">52%</font><font style="font-family:inherit;font-size:10pt;"> of our total annualized 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:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;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) 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 indexes;</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:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;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) 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; 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:inherit;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Approximately </font><font style="font-family:inherit;font-size:10pt;">93%</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;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;">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 and outside the scope of our independent registered public accounting firm&#8217;s review of our interim consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board.</font></div></div>
CY2015Q1 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>

Files In Submission

Name View Source Status
0001035443-15-000054-index-headers.html Edgar Link pending
0001035443-15-000054-index.html Edgar Link pending
0001035443-15-000054.txt Edgar Link pending
0001035443-15-000054-xbrl.zip Edgar Link pending
a1q15-10q.htm Edgar Link pending
a1q15-ex121.htm Edgar Link pending
a1q15-ex311.htm Edgar Link pending
a1q15-ex312.htm Edgar Link pending
a1q15-ex32.htm Edgar Link pending
are-20150331.xml Edgar Link completed
are-20150331.xsd Edgar Link pending
are-20150331_cal.xml Edgar Link unprocessable
are-20150331_def.xml Edgar Link unprocessable
are-20150331_lab.xml Edgar Link unprocessable
are-20150331_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
q115capallocation.jpg Edgar Link pending
q115clienttenantmix.jpg Edgar Link pending
q115debtpie.jpg Edgar Link pending
q115devarrows2015.jpg Edgar Link pending
q115devarrows2016.jpg Edgar Link pending
q115devarrows2017.jpg Edgar Link pending
q115devarrows2017or2018.jpg Edgar Link pending
q115devarrows2018.jpg Edgar Link pending
q115devkey.jpg Edgar Link pending
q115fixedcharge.jpg Edgar Link pending
q115marketcap.jpg Edgar Link pending
q115metricskey.jpg Edgar Link pending
q115netdebtoebitda.jpg Edgar Link pending
q115nonincomekey.jpg Edgar Link pending
q115nonincomeproducingbar.jpg Edgar Link pending
q115nonincomeproducingpie.jpg Edgar Link pending
q115redevarrows2015.jpg Edgar Link pending
q115redevkey.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R64.htm Edgar Link pending
R65.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending