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Alexandria Real Estate Equities, Inc. Reports First Quarter Ended March 31, 2011 Financial and Operating Results
Date:5/4/2011

tements are made as of the date of this press release, and we assume no obligation to update this information.
For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in our forward-looking statements, and risks to our business in general, please refer to our SEC filings, including our most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q.(Tables follow)Alexandria Real Estate Equities, Inc.
Condensed Consolidated Statements of Income
(Dollars in thousands, except per share amounts)
(Unaudited)Three Months Ended3/31/113/31/10RevenuesRental$
,624$
88,857Tenant recoveries32,90826,564Other income7771,072Total revenues140,309116,493ExpensesRental operations41,08131,548General and administrative9,5009,479Interest17,84217,562Depreciation and amortization36,70729,712Total expenses105,13088,301Income from continuing operations before loss on early extinguishment of debt35,17928,192Loss on early extinguishment of debt(2,495)–Income from continuing operations32,68428,192(Loss) income from discontinued operations before gain on sales of real estate(59)569Gain on sales of real estate–24(Loss) income from discontinued operations, net(59)593Net income 32,62528,785Net income attributable to noncontrolling interests929935Dividends on preferred stock7,0897,089Net income attributable to unvested restricted stock awards242219Net income attributable to Alexandria Real Estate Equities, Inc.'s common stockholders$
24,365$
20,542Earnings per share attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – basicContinuing operations$
.44$
.46Discontinued operations, net–0.01Earnings per share – basic$
.44$
.47Earnings per share attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – dilutedContinuing operations $
.44$
.46Discontinued operat
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SOURCE Alexandria Real Estate Equities, Inc.
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