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

ions, net–0.01Earnings per share – diluted$
.44$
.47Alexandria Real Estate Equities, Inc.
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)March 31,December 31,20112010AssetsInvestments in real estate$
,145,499$
,060,821Less: accumulated depreciation(647,034)(616,007) Investments in real estate, net5,498,4655,444,814Cash and cash equivalents78,19691,232Restricted cash 30,51328,354Tenant receivables7,0185,492Deferred rent123,091116,849Investments88,69483,899Other assets157,366135,221 Total assets$
5,983,343$
5,905,861Liabilities, Noncontrolling Interests, and EquitySecured notes payable $
787,945$  790,869Unsecured line of credit and unsecured term loans1,679,0001,498,000Unsecured convertible notes202,521295,293Accounts payable, accrued expenses, and tenant security deposits283,013304,257Dividends payable31,17231,114 Total liabilities2,983,6512,919,533 Redeemable noncontrolling interests15,91515,920Alexandria Real Estate Equities, Inc.'s stockholders' equity:Series C preferred stock129,638129,638Series D convertible preferred stock250,000250,000Common stock551550Additional paid-in capital2,568,9762,566,238Retained earnings360734Accumulated other comprehensive loss(7,193)(18,335) Total Alexandria Real Estate Equities, Inc.'s stockholders' equity2,942,3322,928,825 Noncontrolling interests41,44541,583 Total equity2,983,7772,970,408 Total liabilities, noncontrolling interests, and equity$
5,983,343$
5,905,861ALEXANDRIA REAL ESTATE EQUITIES, INC.Earnings per Share(Unaudited)Earnings per Share ("EPS")The following table presents the computation of basic and diluted EPS for the periods below (in thousands, except share and per share data):Three Months Ended3/31/113/31/10Net income attributable to Alexandria Real Estate Equities, Inc.'s common stockholders – numerator for basic earnings per share$
24,365$
20,542
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SOURCE Alexandria Real Estate Equities, Inc.
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