7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2013-12-31 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 
      
    		                                                     
      operating activities:
    		                                                     
      net income
    		-197,845,000 -62,189,000 38,662,000 213,603,000 94,049,000 219,176,000 -42,658,000 68,254,000 133,705,000 121,693,000 383,443,000 309,382,000 -117,392,000 124,433,000 404,520,000 25,533,000 457,133,000 95,799,000 243,561,000 30,678,000 28,559,000 -108,116,000 9,966,000 42,977,000 39,699,000 38,430,000 25,008,000 -6,030,000 35,943,000 44,222,000 30,237,000 28,807,000 18,305,000 25,641,000 32,775,000 35,462,000 32,995,000 34,311,000 32,625,000 92,000,000 30,461,000 -12,224,000 28,785,000 29,905,000 26,378,000 44,116,000 41,249,000 28,160,000 28,600,000 28,421,000 37,688,000 24,992,000 22,900,000 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                     
      depreciation and amortization
    		340,230,000 346,123,000 342,062,000 293,998,000 290,720,000 287,554,000 285,246,000 269,370,000 273,555,000 265,302,000 254,929,000 242,078,000 240,659,000 210,842,000 190,052,000 180,913,000 177,750,000 176,831,000 168,027,000 175,496,000 77,133,000 70,169,000 70,866,000 72,245,000 67,953,000 62,171,000 58,920,000 57,973,000 58,388,000 48,101,000 46,995,000 48,072,000 48,173,000 52,355,000 43,405,000 40,966,000 39,990,000 40,363,000 36,707,000 34,551,000 32,009,000 30,342,000 29,738,000 29,004,000 28,336,000 29,722,000 31,446,000 28,483,000 27,447,000 27,003,000 25,810,000 26,969,000 24,194,000 
      impairment of real estate
    		323,870,000 129,606,000 32,154,000 5,741,000   271,890,000 20,649,000      42,620,000 4,926,000 5,129,000 25,177,000 7,680,000 13,218,000 2,003,000 8,114,000 156,143,000 28,980,000 8,740,000 0 0 14,510,000                           
      gain on sales of real estate
    		-9,366,000 0 -13,165,000 -27,114,000 0 -392,000 -62,227,000 0   -323,699,000   435,000 0 -2,779,000                                      
      loss on early extinguishment of debt
    		          0   0 0 67,253,000 7,898,000       0 0   0  0  0 0 1,602,000 623,000  2,742,000 1,248,000 2,495,000               
      equity in losses (earnings) of unconsolidated real estate joint ventures
    		-201,000 9,021,000 507,000                 3,116,000 -273,000 146,000 397,000                               
      distributions of earnings from unconsolidated real estate joint ventures
    		460,000 1,117,000 172,000 985,000 768,000 884,000 667,000 941,000 1,364,000 285,000 465,000 1,314,000 975,000 4,994,000 5,627,000 4,958,000 2,188,000 282,000 2,948,000 490,000 105,000 83,000 98,000                               
      amortization of loan fees
    		4,505,000 4,615,000 4,691,000 4,222,000 4,146,000 4,142,000 4,059,000 4,059,000 3,729,000 3,639,000 3,235,000 3,236,000 3,103,000 2,854,000 2,859,000 2,817,000 2,905,000 2,605,000 2,737,000 2,247,000 3,080,000 2,952,000 2,760,000  2,625,000 2,889,000 2,834,000                           
      amortization of debt discounts
    		325,000 335,000 349,000 330,000 328,000 318,000 309,000 306,000 304,000 288,000                                            
      amortization of acquired above- and below-market leases
    		-6,456,000 -10,196,000 -15,222,000 -17,312,000 -22,515,000 -30,340,000 -23,684,000 -23,222,000 -24,789,000 -21,636,000 -23,546,000 -16,760,000 -13,915,000 -13,664,000 -13,267,000 -12,112,000                                      
      deferred rent
    		-18,821,000 -18,536,000 -22,023,000 -29,087,000 -48,338,000 -48,251,000 -41,586,000 -29,805,000 -29,335,000 -33,191,000 -24,431,000 -27,362,000 -42,025,000 -33,918,000 -27,903,000 -27,382,000 -23,890,000 -28,822,000 -23,367,000 -20,597,000 -16,111,000 -2,430,000 -12,138,000 -13,062,000 -11,228,000 -13,292,000 -9,901,000 -9,215,000 -10,892,000 -7,928,000                        
      stock compensation expense
    		10,293,000 12,530,000 10,064,000 15,525,000 14,507,000 17,125,000 34,592,000 16,288,000 15,492,000 16,486,000 17,786,000 14,340,000 14,028,000 9,728,000 12,242,000 12,446,000 11,394,000 12,994,000 9,185,000 9,929,000 7,451,000 6,117,000 5,439,000 4,590,000 5,178,000 4,054,000 3,690,000 4,624,000 3,068,000 4,011,000 3,349,000 3,748,000 3,845,000 3,274,000 3,293,000 3,306,000 3,344,000 2,749,000 2,356,000 2,767,000 2,660,000 2,658,000 2,731,000 3,194,000 4,141,000 3,694,000 3,022,000 3,563,000 3,523,000 3,055,000 3,536,000 2,988,000 2,774,000 
      investment loss
    		-28,161,000 30,622,000 49,992,000    -8,654,000 80,672,000 78,268,000 45,111,000 32,305,000 39,481,000 240,319,000       21,821,000                                  
      changes in operating assets and liabilities:
    		                                                     
      tenant receivables
    		-156,000 635,000 -467,000 -157,000 642,000 731,000 -1,301,000 47,000 1,734,000 -582,000 -728,000 497,000 -191,000 -1,042,000 848,000 -221,000 318,000 -414,000 7,774,000 -4,874,000 -434,000 756,000 521,000 -373,000 -863,000 1,345,000 -102,000 266,000 -204,000 -1,248,000            -93,000 1,187,000 -113,000 876,000 1,327,000 461,000       
      deferred leasing costs
    		-20,532,000 -17,082,000 -26,645,000 -20,048,000 -30,590,000 -23,970,000 -27,766,000 -25,206,000 -22,898,000 -33,469,000 -33,633,000 -40,439,000 -75,162,000 -20,260,000 -31,355,000 -23,359,000 -25,787,000 -12,659,000 -13,536,000 -9,085,000 -7,763,000 -6,775,000 -7,083,000 -17,690,000 -23,222,000 -17,372,000 -7,131,000 -12,372,000 -8,458,000 -17,635,000                        
      other assets
    		-26,897,000 26,284,000 -37,034,000 -33,288,000 37,682,000 -40,728,000 21,705,000 -25,642,000 30,157,000 -25,422,000 -10,826,000 15,725,000 -22,618,000 -18,562,000 17,026,000 -25,775,000 -4,903,000 -4,907,000 9,706,000 -10,893,000 -8,882,000 -3,406,000 -2,525,000 4,642,000 -8,800,000 -1,674,000 -3,247,000 4,762,000 -6,312,000 5,130,000                        
      accounts payable, accrued expenses, and other liabilities
    		62,123,000 7,356,000 -156,148,000 85,375,000 -3,895,000 -1,653,000 18,388,000 61,421,000 63,603,000 -32,740,000 48,726,000 8,390,000 -36,051,000 71,036,000 -18,477,000 9,759,000 -30,998,000 36,726,000 -14,638,000 7,788,000                                  
      net cash from operating activities
    		433,478,000 460,241,000 207,949,000 477,392,000 411,797,000 341,157,000 428,617,000 417,890,000 478,473,000 305,570,000 363,038,000 339,034,000 191,086,000 308,823,000 239,761,000 212,053,000 173,569,000 315,284,000 202,390,000 191,267,000 119,743,000 70,326,000 101,782,000 96,200,000 95,011,000 44,559,000 106,841,000 79,201,000 110,633,000 76,351,000 47,241,000 78,043,000 84,870,000 92,935,000 49,685,000 61,119,000 73,901,000 66,151,000 45,789,000 57,391,000 40,687,000 70,134,000 51,134,000 22,286,000 52,520,000 63,023,000 68,121,000 64,294,000 86,989,000 56,208,000 25,218,000 46,835,000 57,154,000 
      investing activities:
    		                                                     
      proceeds from sales of real estate
    		78,078,000 80,845,000 68,182,000 213,120,000 0 16,670,000 434,422,000 168,691,000   618,952,000          10,427,000   37,344,000 0 24,839,000 67,616,000                           
      additions to real estate
    		-457,607,000 -435,165,000 -645,841,000 -691,137,000 -547,946,000 -693,268,000 -817,297,000 -788,758,000 -938,875,000 -873,366,000 -946,428,000 -711,225,000 -666,364,000 -540,227,000 -536,572,000 -465,411,000 -373,069,000 -346,360,000 -352,243,000 -373,499,000 -275,507,000 -203,560,000 -159,501,000 -201,991,000 -135,913,000 -121,670,000 -104,632,000                           
      purchases of real estate
    		   0 -7,047,000 -194,002,000 -8,417,000 -24,016,000 -55,774,000 -177,543,000 -317,073,000 -278,899,000 -1,903,800,000 -811,235,000 -1,076,426,000 -1,871,043,000 -581,045,000 -1,289,747,000 -217,492,000 -482,409,000                                  
      change in escrow deposits
    		744,000 1,398,000 -9,506,000 -3,039,000 -1,465,000 -1,008,000 400,000 -19,645,000 4,297,000 9,366,000 8,200,000 37,805,000 100,635,000 -15,440,000 -33,671,000 -98,303,000 14,449,000 -25,760,000                                    
      investments in unconsolidated real estate joint ventures
    		-184,000 -61,000 -10,994,000 -326,000 -489,000 -3,224,000 -159,000 -167,000 -226,000 -106,000 -909,000 -1,000 -335,000 -19,000   -153,000 -430,000 -269,000 -2,592,000 -978,000 -5,497,000 -449,000                               
      return of capital from unconsolidated real estate joint ventures
    		          0 0 471,000    0 0 1,000 20,224,000                                  
      additions to non-real estate investments
    		-64,307,000 -51,334,000 -69,311,000 -62,852,000 -62,136,000 -60,572,000 -33,109,000 -52,524,000 -56,438,000 -47,401,000 -46,599,000 -75,846,000 -64,247,000 -85,569,000 -156,169,000 -77,339,000 -58,289,000 -40,398,000 -44,908,000 -31,060,000                                  
      sales of and distributions from non-real estate investments
    		34,933,000 29,443,000 12,691,000 55,754,000 45,458,000 40,550,000 34,097,000 39,964,000 59,950,000 49,385,000 59,438,000 45,386,000 44,842,000                                         
      net cash from investing activities
    		-407,885,000 -374,874,000 -654,779,000 -488,480,000 -573,625,000 -894,854,000 -390,063,000 -676,455,000 -394,436,000 -1,039,665,000 -624,419,000 -607,401,000 -2,488,798,000 -1,296,936,000 -1,698,577,000 -2,437,880,000 -413,145,000 -1,467,956,000 -563,468,000 -833,592,000 -341,337,000 -202,842,000 -171,122,000 -164,905,000 -241,450,000 -145,988,000 -170,052,000 -160,490,000 -201,162,000 -200,258,000 -69,524,000                       
      alexandria real estate equities, inc.consolidated statements of cash flows
    		                                                     
      financing activities:
    		                                                     
      borrowings under secured note payable
    		2,000                                                     
      repayments of borrowings from secured notes payable
    		          -28,000 0 -906,000 -858,000 -827,000 -15,423,000 -79,363,000 -1,653,000 -1,609,000 -1,479,000 -928,000 -174,511,000 -58,657,000 -77,598,000 -2,142,000 -2,141,000 -7,934,000 -2,142,000 -9,482,000 -2,099,000                        
      proceeds from issuance of unsecured senior notes payable
    		0 0 548,532,000 0 0 998,806,000  0 0 996,205,000 0 0 1,793,318,000 0 0 1,743,716,000 0 998,119,000 1,000 699,531,000 0       0  0  1,000 0 0 544,649,000                   
      repayment of unsecured senior notes payable
    		0                                                     
      proceeds from issuances under commercial paper program
    		6,910,000,000 5,768,015,000 2,700,000,000 2,928,650,000 1,836,950,000 3,170,000,000  0 930,000,000 775,000,000 4,251,500,000 1,290,000,000 6,120,000,000 9,560,000,000 5,480,000,000 6,810,000,000                                      
      repayments of borrowings under commercial paper program
    		-6,460,000,000 -4,968,015,000 -2,400,000,000 -2,673,650,000 -1,636,950,000 -3,270,000,000 -7,429,000,000 0 -1,305,000,000 -400,000,000 -4,014,685,000 -1,140,000,000 -6,390,000,000 -9,110,000,000 -5,180,000,000 -6,910,000,000                                      
      payments of loan fees
    		99,000 0 -5,406,000 -26,248,000 0 -10,118,000 0 -5,934,000 -124,000 -9,989,000 -18,002,000 0 -17,596,000 0 -271,000 -16,599,000 -15,319,000 -9,033,000 -3,000 -7,954,000                                  
      taxes paid related to net settlement of equity awards
    		-10,936,000 -713,000 -5,558,000 -18,653,000 -3,053,000 -23,964,000 -4,389,000 -7,682,000 -4,667,000 -7,854,000 -17,841,000 -6,358,000 -8,906,000 -15,321,000 -6,496,000 -1,678,000 -5,091,000 -9,341,000 -5,637,000 -1,253,000                                  
      repurchase of common stock
    		0 0 -208,187,000                                                   
      dividends on common stock
    		-227,202,000 -227,230,000 -229,987,000 -227,408,000 -222,134,000 -221,824,000 -214,451,000 -214,555,000 -209,346,000 -209,131,000 -192,571,000 -187,700,000 -183,847,000 -170,648,000 -160,778,000 -150,982,000 -143,040,000 -133,681,000 -129,981,000 -126,278,000 -62,377,000 -59,099,000 -56,490,000 -55,824,000 -55,677,000 -53,308,000 -53,295,000                           
      contributions from and sales of noncontrolling interests
    		36,107,000 41,646,000 54,409,000 91,608,000 76,791,000 82,853,000 111,184,000 136,676,000 220,194,000 79,337,000 434,320,000 209,524,000 819,610,000 271,541,000 309,318,000 48,279,000 303,406,000 8,432,000 53,019,000 2,756,000                                  
      distributions to and purchases of noncontrolling interests
    		-63,107,000 -57,584,000 -83,852,000 -59,201,000 -60,331,000 -111,540,000 -51,375,000 -59,099,000 -71,431,000 -63,186,000 -47,461,000 -61,723,000 -30,501,000  -27,933,000 -25,879,000        -1,093,000 -1,083,000                             
      net cash from financing activities
    		30,751,000 -40,676,000 370,775,000 24,945,000 -3,969,000 624,429,000 55,194,000 -133,596,000 -422,252,000 1,174,810,000 610,125,000 -83,670,000 2,752,570,000 998,681,000 1,281,828,000 2,162,254,000 351,575,000 1,395,812,000 113,294,000 889,675,000 124,161,000 242,779,000 90,780,000 117,488,000 154,519,000 79,448,000 67,671,000 101,332,000 98,126,000 130,713,000  118,656,000 47,636,000 77,217,000 71,351,000 81,827,000 61,978,000 305,650,000 29,701,000 17,126,000 136,433,000 54,327,000 30,026,000 54,041,000 49,173,000 -9,208,000 109,434,000 128,592,000 77,541,000 69,525,000 22,312,000 243,859,000 390,739,000 
      effect of foreign exchange rate changes on cash and cash equivalents
    		-113,000 -497,000 -38,000 -73,000 -45,000 192,000  -418,000 121,000 -306,000 -238,000 -467,000 81,000 -87,000 158,000 271,000  363,000 953,000 -1,668,000 -639,000 -460,000 -341,000 -68,000 -314,000 -43,000 170,000 -1,055,000 -2,275,000 -2,949,000                        
      net increase in cash, cash equivalents, and restricted cash
    		  -76,093,000  -165,842,000 70,924,000 93,060,000 -392,579,000 -338,094,000 440,409,000 348,506,000 -352,504,000 454,939,000   -63,302,000 112,662,000   245,682,000                                  
      cash, cash equivalents, and restricted cash as of the beginning of period
    		0 0 559,847,000 0 0 660,771,000 0 0 0 857,975,000 0 0 415,227,000 0 0 597,705,000 0 0 0 242,689,000                                  
      cash, cash equivalents, and restricted cash as of the end of period
    		56,231,000 44,194,000 483,754,000 13,784,000 -165,842,000 731,695,000 93,060,000 -392,579,000 -338,094,000 1,298,384,000 348,506,000 -352,504,000 870,166,000 10,481,000 -176,830,000 534,403,000 112,662,000 243,503,000 -246,831,000 488,371,000                                  
      supplemental disclosure and non-cash investing and financing activities:
    		                                                     
      cash paid during the period for interest, net of interest capitalized
    		40,822,000 54,210,000 33,776,000 30,782,000 21,977,000 34,901,000 30,024,000 12,529,000 -17,489,000 21,519,000 41,937,000 3,365,000 22,550,000 36,694,000 18,645,000 55,052,000 14,980,000 55,654,000 25,217,000 65,500,000 21,164,000 23,588,000 14,068,000 29,659,000 19,865,000 28,818,000 15,514,000 24,183,000 1,861,000 25,576,000 9,964,000 21,609,000 7,798,000                     
      accrued construction for current-period additions to real estate
    		27,586,000 58,991,000 147,045,000 16,149,000 84,882,000 318,041,000 -12,354,000 145,898,000 76,778,000 419,029,000 36,019,000 217,196,000 300,713,000 74,208,000 109,546,000 193,439,000 69,683,000 57,340,000 14,017,000 134,414,000                                  
      transfer of real estate assets and/or equipment from tenants
    		0 131,203,000 39,950,000 61,843,000                                                  
      notes receivable issued in connection with sales of real estate
    		0 0 91,000,000                                                   
      derecognition of net investment in real estate from sales-type lease
    		0 0 4,677,000                                                   
      contribution of assets from and issuance of noncontrolling interest to real estate joint venture partner
    		   3,394,000 0 103,547,000                                                
      reallocation of additional paid-in capital to consolidated joint venture partner’s noncontrolling interest
    		                                                     
      initial recognition of right-of-use asset and lease liability
    		                                                     
      exchange of joint venture interests:
    		                                                     
      disposition of our interest in pacific technology park
    		                                                     
      acquisition of our partner’s noncontrolling interest in 199 east blaine street
    		                                                     
      net decrease in cash, cash equivalents, and restricted cash
    		                                                     
      reallocation of additional paid-in capital to consolidated joint venture partner’s non-controlling interest
    		                                                     
      borrowings under secured notes payable
    		  824,000 9,879,000 4,758,000 10,216,000                                                
      reallocation of additional paid-in-capital to consolidated joint venture partner’s non-controlling interest
    		   0 0 30,185,000                                                
      equity in earnings of unconsolidated real estate joint ventures
    		   -139,000 -130,000 -155,000 -363,000 -242,000 -181,000 -194,000 -40,000 -213,000 -220,000 -3,091,000   -3,593,000 -3,778,000                                    
      investment (income) loss
    		     -43,284,000          -1,014,000                                      
      borrowings under unsecured senior line of credit
    		                                                     
      repayments of borrowings under unsecured senior line of credit
    		                                                     
      transfer of equipment and/or real estate assets from tenants
    		     11,965,000                                                
      operating activities
    		                                                     
      investing activities
    		                                                     
      sales of interest in unconsolidated real estate joint ventures
    		                                                     
      acquisitions of interest in unconsolidated real estate joint venture
    		                                                     
      the accompanying notes are an integral part of these consolidated financial statements.
    		                                                     
      financing activities
    		                                                     
      repayments of borrowings under secured notes payable
    		                                                     
      payment for the defeasance of secured note payable
    		          0                                           
      proceeds from issuances of unsecured senior notes payable
    		                                                     
      repayments of unsecured senior notes payable
    		             0 0 -650,000,000 0                                     
      proceeds from issuance under commercial paper program
    		                                                     
      premium paid for early extinguishment of debt
    		             0 0 -66,829,000 -5,732,000                                     
      proceeds from issuance of common stock
    		          199,430,000 0 646,316,000 492,081,000 868,815,000 1,397,649,000 502,289,000 1,309,235,000 0 504,338,000            -553,000 61,058,000   0 0   0    0 233,533,000 0 254,630,000     28,211,000  
      effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash
    		                                                     
      contribution of assets from real estate joint venture partner
    		      0 0 0 33,250,000    85,750,000 0 33,000,000 0 0 0 350,000,000                                  
      issuance of noncontrolling interest to joint venture partner
    		      0 0 0 -33,250,000    -85,750,000 0 -33,000,000 0 0 0 -292,930,000                                  
      transfer of real estate assets from tenants
    		                                                     
      payable for purchase of noncontrolling interest
    		                       795,000 785,000 61,295,000 -113,967,000                           
      right-of-use asset
    		          3,798,000 7,851,000 10,127,000 0   20,271,000 34,583,000 0 32,700,000                                  
      lease liability
    		          -3,798,000 -7,851,000 -10,127,000 0   -20,271,000 -34,583,000 0 -32,700,000                                  
      consolidation of real estate assets in connection with our acquisition of partner’s interest in unconsolidated real estate joint venture
    		             0 0 19,613,000                                      
      assumption of secured note payable in connection with acquisition of partner’s interest in unconsolidated real estate joint venture
    		             0 0 -14,558,000                                      
      deferred purchase price in connection with acquisitions of real estate
    		                                                     
      assignment of secured notes payable in connection with sale of real estate
    		                                                     
      borrowings from secured notes payable
    		       17,028,000 18,122,000 14,428,000 15,463,000 10,891,000 5,082,000        66,608,000 83,800,000 64,922,000 122,379,000 4,508,000 13,282,000 29,585,000 17,589,000 30,864,000 2,170,000 17,215,000 14,936,000                      
      borrowings from unsecured senior line of credit
    		       0 0 375,000,000 0 0 1,180,000,000 0 0 2,101,000,000 0   783,000,000 863,000,000 931,000,000 555,000,000 713,000,000 517,000,000                             
      repayments of borrowings from unsecured senior line of credit
    		       0 0 -375,000,000 0 0 -1,180,000,000 0 0 -2,101,000,000 0   -946,000,000 -519,000,000 -1,158,000,000 -407,000,000 -1,405,000,000 -298,000,000 -545,000,000 -50,000,000 -116,000,000 -682,000,000 -220,000,000                        
      acquisition of interest in unconsolidated real estate joint venture
    		             0 0 -9,048,000                                      
      assignment of secured notes payable in connection with the sale of real estate
    		                                                     
      amortization of debt premiums
    		           267,000 -424,000 -498,000 -465,000 -576,000 -869,000 -910,000 -888,000 -888,000 -5,000 -26,000 -86,000                               
      investment income
    		             -67,084,000   -255,137,000 -3,348,000                                    
      proceeds from sale of real estate
    		             39,550,000 0 25,695,000                                      
      distributions to and redemption of noncontrolling interests
    		                 -27,613,000 -21,496,000 -16,986,000                                  
      supplemental disclosures and non-cash investing and financing activities:
    		                                                     
      assignment of secured note payable in connection with the disposition of real estate
    		                                                     
      sales of non-real estate investments
    		              104,981,000 57,569,000 37,479,000 35,202,000 37,558,000 30,910,000                                  
      equity in (earnings) losses of unconsolidated real estate joint ventures
    		               -3,537,000                                      
      acquisitions of interest in unconsolidated real estate joint ventures
    		                                                     
      repayments of borrowings from commercial paper program
    		                                                     
      repayments of borrowings from unsecured senior bank term loan
    		                                                     
      repurchase of 7.00% series d cumulative convertible preferred stock
    		                                                     
      dividends on preferred stock
    		                    -5,401,000 -5,839,000 -6,247,000 -6,246,000 -6,247,000 -6,246,000 -6,247,000                           
      assumption of secured notes payable in connection with purchase of properties
    		                           0 0                         
      payable for purchase of real estate
    		                                                     
      issuance of common stock for conversion of 7.00% series d preferred stock
    		                                                     
      gain on sale of real estate
    		                             0                        
      amortization of acquired below-market leases
    		                 -13,979,000 -13,787,000 -15,964,000 -965,000 -966,000 -974,000 -997,000 -3,182,000                             
      borrowings from unsecured senior lines of credit
    		                                                     
      repayments of borrowings from unsecured senior lines of credit
    		                                                     
      proceeds from issuance of commercial paper notes
    		                                                     
      deposits for investing activities
    		                   4,834,000 -54,923,000   1,206,000 8,794,000 12,499,000 -28,000,000                           
      proceeds from issuance of commercial paper
    		                   2,158,900,000                                  
      repayments of borrowings from commercial paper
    		                   -2,158,900,000                                  
      gain on sales of real estate – rental properties
    		                                                     
      gain on sales of real estate – land parcels
    		                                                     
      accounts payable, accrued expenses, and tenant security deposits
    		                    31,370,000 -34,206,000 8,999,000 12,377,000 33,033,000 -28,731,000 27,121,000 -9,794,000 36,361,000 5,521,000  24,319,000 17,060,000   15,818,000 25,665,000   5,808,000 -3,303,000 5,067,000 3,289,000           
      acquisitions of interests in unconsolidated real estate joint ventures
    		                                                     
      additions to investments
    		                    -16,018,000 -30,281,000 -22,085,000 -27,980,000 -15,227,000 -37,620,000 -15,118,000 -24,746,000 -10,126,000 -13,243,000                        
      sales of investments
    		                    13,752,000 10,630,000 10,913,000 27,546,000 17,116,000 20,129,000 2,345,000                           
      repayments of borrowings from unsecured senior bank term loans
    		                        0                             
      payment of loan fees
    		                    -8,572,000 -7,550,000 -377,000 -6,402,000 -623,000 -2,996,000 -563,000                           
      redemption of 6.45% series e cumulative redeemable preferred stock
    		                                                     
      proceeds from the issuance of common stock
    		                    0 342,524,000 25,278,000 73,411,000 0                             
      contributions from noncontrolling interests
    		                                                     
      supplemental disclosure of cash flow information:
    		                                                     
      non-cash investing activities:
    		                                                     
      change in accrued construction
    		                    -36,848,000 30,674,000 29,197,000 -2,765,000 20,164,000 -34,718,000 7,249,000                           
      contribution of real estate to an unconsolidated real estate joint venture
    		                                                     
      investment gains
    		                    -8,115,000 -14,715,000 -5,891,000 -12,667,000 -8,658,000 -7,773,000 -5,937,000 -2,132,000 -3,256,000                         
      investment losses
    		                    3,849,000 5,039,000 1,782,000 4,936,000 3,280,000 5,652,000 2,225,000 562,000 3,485,000                         
      restricted cash
    		                    -510,000 -439,000 671,000 36,000 -86,000 161,000 -51,000   -344,000 1,506,000    862,000  379,000 73,000 37,000 -579,000 303,000 -224,000 2,179,000           
      purchase of real estate
    		                       0 -111,440,000 -43,555,000 -93,938,000                           
      repayment of notes receivable
    		                    18,000   18,000 17,000 33,000 4,214,000                           
      change in restricted cash related to financing activities
    		                    -2,840,000 2,266,000 8,316,000 8,579,000 -3,217,000 -151,000 -1,369,000                           
      repurchase of 7.00% series d preferred stock
    		                                                     
      financing costs paid for sale of noncontrolling interests
    		                                                     
      contributions from and sale of noncontrolling interests
    		                    37,601,000                                 
      distributions to and purchase of noncontrolling interests
    		                    -4,607,000                                 
      net increase in cash and cash equivalents
    		                    -98,072,000 109,803,000 21,099,000 48,715,000 7,766,000 -22,024,000 4,630,000 18,988,000 5,322,000 3,857,000  46,067,000 13,967,000       -19,579,000 37,557,000 2,274,000 352,000    54,120,000 55,770,000    -2,750,000 3,763,000 
      cash and cash equivalents as of the beginning of period
    		                    0 0 125,098,000  0 0 86,011,000                           
      cash and cash equivalents as of the end of period
    		                    -98,072,000 109,803,000 146,197,000  7,766,000 -22,024,000 90,641,000                           
      assumption of secured notes payable in connection with purchase of real estate
    		                        0 0 -82,000,000                           
      non-cash financing activities:
    		                                                     
      redemption of redeemable noncontrolling interest
    		                                                     
      repurchase of series d cumulative convertible preferred stock
    		                                                     
      financing costs paid for sales of noncontrolling interests
    		                     -1,673,000 -6,420,000                               
      redemption of redeemable noncontrolling interests
    		                                                     
      redemption of series d cumulative convertible preferred stock
    		                      -25,618,000                               
      contributions by noncontrolling interests
    		                        0 0 340,000 0 0   249,000 501,000 500,000 625,000     12,000 56,000   0          
      distributions to noncontrolling interests
    		                      -1,927,000    -9,846,000 -1,192,000 -1,206,000 288,000                        
      supplemental disclosure of cash flow information
    		                                                     
      non-cash investing activities
    		                                                     
      non-cash financing activities
    		                                                     
      (gain) loss on sales of real estate – rental properties
    		                                                     
      amortization of loan fees and costs
    		                           2,819,000 2,786,000 2,636,000 2,386,000 2,505,000 2,470,000 2,214,000 2,643,000 2,551,000 2,144,000 2,327,000 2,278,000 1,999,000 1,795,000 2,026,000 2,072,000 2,081,000 2,061,000 2,497,000 1,319,000 1,764,000 1,739,000 1,714,000 1,775,000 1,733,000 1,637,000 
      amortization of debt (premiums) discounts
    		                       -90,000 -100,000 -100,000 -82,000                           
      change in restricted cash related to construction projects and investing activities
    		                                                     
      repayments of unsecured senior bank term loan
    		                                                     
      repurchase of unsecured senior convertible notes
    		                             0                        
      contributions by and sales of noncontrolling interests
    		                                                     
      cash and cash equivalents at beginning of period
    		                           0 0 0 140,971,000 0 0 0 78,539,000 0 0 0 91,232,000 0 0 0 70,628,000 0 0 0 71,161,000 0 0 0 8,030,000 0 0 
      cash and cash equivalents at end of period
    		                           18,988,000 5,322,000 3,857,000 87,001,000 46,067,000 13,967,000 3,576,000 77,361,000 5,483,000 12,131,000 -17,271,000 78,196,000 -19,579,000 37,557,000 2,274,000 70,980,000 2,348,000 -2,033,000 -54,968,000 125,281,000 55,770,000 8,319,000 -582,000 7,654,000 -2,750,000 3,763,000 
      note receivable issued in connection with sales of real estate
    		                                                     
      equity in earnings of unconsolidated joint ventures
    		                                                     
      distributions of earnings from unconsolidated joint ventures
    		                        92,000 157,000 491,000                           
      change in restricted cash related to construction projects
    		                           -5,029,000 1,044,000 1,944,000          3,120,000 2,326,000 3,658,000 9,048,000           
      investment in unconsolidated real estate joint ventures
    		                        -4,797,000 -643,000 -2,539,000                           
      equity in earnings from unconsolidated joint ventures
    		                         -541,000 -574,000                           
      amortization of acquired below market leases
    		                          -933,000                           
      principal borrowings from unsecured senior line of credit
    		                          167,000,000 278,000,000 253,000,000  179,000,000                       
      (gain) loss on sales of real estate
    		                                                     
      amortization of debt premiums/discounts
    		                           17,000 -36,000 146,000 115,000 110,000 112,000 110,000 179,000                   
      amortization of acquired above and below market leases
    		                           -654,000 -757,000 -826,000                        
      investment in unconsolidated joint venture
    		                                                     
      distributions from unconsolidated joint venture
    		                                                     
      proceeds from sales of investments
    		                           5,090,000 5,089,000                         
      proceeds from repayment of notes receivable
    		                           17,000                          
      redemption of series c cumulative redeemable preferred stock
    		                                                     
      proceeds from issuance of series e cumulative redeemable preferred stock
    		                                                     
      loan fees and costs paid
    		                                                     
      proceeds from common stock offerings
    		                             -1,217,000                        
      proceeds from exercise of stock options
    		                               0 0 43,000 112,000 952,000 0 369,000 796,000 204,000 830,000 -3,351,000 5,194,000 2,715,000 271,000 1,000 30,000 11,000 538,000 1,549,000 411,000 -231,000 317,000 
      dividends paid on common stock
    		                           -51,846,000 -51,673,000 -48,709,000                        
      dividends paid on preferred stock
    		                           -6,471,000 -6,471,000 -6,471,000                        
      distributions to redeemable noncontrolling interests
    		                           -298,000 -298,000                         
      note receivable issued in connection with sale of real estate
    		                                                     
      write-off of fully amortized improvements
    		                                                     
      gain on sales of land parcels
    		                                                     
      loss on sales of real estate
    		                                                     
      proceeds from sales of properties
    		                            10,510,000       2,739,000    265,465,000 0 0 10,514,000 6,092,000 0 0 11,929,000       
      additions to properties
    		                            -134,282,000 -143,249,000                        
      purchase of properties
    		                            0 -97,532,000                        
      deposits for property acquisitions
    		                                                     
      investment in unconsolidated real estate jvs
    		                                                     
      repayment of unsecured senior bank term loan
    		                                                     
      change in restricted cash related to financings
    		                            -837,000 1,623,000 8,656,000     4,721,000 -2,234,000                 
      deferred financing costs paid
    		                            -7,679,000 -3,681,000                        
      proceeds from common stock offering
    		                                                     
      gain on sale of land parcel
    		                                                     
      loss on sale of real estate
    		                              340,000                       
      contributions to unconsolidated real estate entity
    		                             -4,106,000                        
      loss in investments from unconsolidated real estate entity
    		                                                     
      proceeds from repayment of note receivable
    		                                                     
      change in accrued capital expenditures
    		                              -37,045,000                       
      impairment of land parcel
    		                                                     
      gain on sale of land parcels
    		                                                     
      distributions from unconsolidated real estate entity
    		                                                     
      principal borrowings from unsecured senior bank term loans
    		                                                     
      contributions by redeemable noncontrolling interests
    		                                       0 0   252,000 282,000         
      note receivable from sale of real estate
    		                             0 38,820,000 0                      
      non-cash impairment of real estate
    		                                                     
      equity in loss related to investments
    		                                0 0 26,000             67,000 27,000 2,000 77,000  118,000 
      gain on sales of investments
    		                                              380,000       
      loss on sales of investments
    		                              386,000 1,004,000 518,000 1,088,000 1,000 555,000 293,000 -444,000 1,391,000 567,000 134,000 14,000 7,000 488,000 250,000         
      proceeds from sale of properties
    		                              80,203,000                       
      proceeds from investments
    		                              1,972,000  2,346,000 12,774,000 4,785,000 2,353,000 5,915,000 6,086,000 2,495,000 1,187,000 868,000 1,588,000 1,071,000   2,118,000 246,000 2,117,000 2,973,000 4,427,000 3,794,000 4,045,000 4,910,000 
      principal borrowings from unsecured senior line of credit and unsecured senior bank term loans
    		                                                     
      distribution from unconsolidated real estate entity
    		                                  22,250,000                   
      proceeds from issuance of series e preferred stock
    		                               0 0                     
      net decrease in cash and cash equivalents
    		                                                     
      equity in loss (income) related to investments
    		                                                     
      distributions from unconsolidated real estate entity related to sale of land parcel
    		                               0                      
      transfer of cash to unconsolidated real estate entity upon deconsolidation
    		                                                     
      payment on exchange of 8.00% unsecured senior convertible notes
    		                                                     
      redemption of series c preferred stock
    		                                                     
      effect of exchange rate changes on cash and cash equivalents
    		                               -927,000 -1,968,000 1,000,000 2,034,000                   
      changes in accrued capital expenditures
    		                                                     
      proceeds from sale of property
    		                                34,274,000                     
      principal reductions of secured notes payable
    		                                                     
      principal borrowings from unsecured senior line of credit and unsecured senior bank term loan
    		                                 281,147,000 248,000,000                   
      proceeds from issuance of preferred stock
    		                                  124,868,000                   
      gain on early extinguishment of debt
    		                                       2,372,000 1,300,000             
      equity in income related to investments
    		                                                     
      non-cash impairment on real estate
    		                                                     
      proceeds from secured notes payable
    		                                           120,878,000 0 0 1,082,000 6,288,000 3,307,000   38,233,000 200,000,000 
      principal borrowings from unsecured line of credit and unsecured bank term loans
    		                                                     
      repayments of borrowings from unsecured line of credit
    		                                                     
      proceeds from issuance of unsecured convertible notes
    		                                                     
      payment on exchange of 8.00% unsecured convertible notes
    		                                                     
      repurchase of unsecured convertible notes
    		                                                     
      cash paid during the year for interest, net of interest capitalized
    		                                                     
      amortization of debt premiums/discount
    		                                    750,000 1,169,000 1,335,000  2,092,000 2,849,000 3,026,000  2,923,000 2,605,000 2,262,000       
      gain on sales of property
    		                                                     
      changes in assets and liabilities:
    		                                                     
      principal borrowings from unsecured line of credit and unsecured term loans
    		                                    282,000,000 1,248,317,000 460,000,000               
      equity in (income) loss related to investments
    		                                                     
      gain/loss on sales of real estate
    		                                                     
      non-cash impairment on investments
    		                                               11,266,000 0 0 1,985,000   
      principal borrowings from unsecured line of credit and term loan
    		                                       399,000,000 183,000,000 192,000,000 80,000,000 113,000,000 193,000,000 184,000,000 206,000,000     338,000,000 451,000,000 
      proceeds from issuance of series d convertible preferred stock
    		                                               0 0 29,100,000 213,086,000   
      proceeds from issuance of 8.00% unsecured convertible notes
    		                                            0         
      repurchase of 3.70% unsecured convertible notes
    		                                                     
      gain/loss on properties “held for sale” and sales of properties
    		                                                     
      tenant security deposits and other restricted cash
    		                                            -9,175,000 3,943,000 13,012,000       
      accounts payable, accrued expenses and tenant security deposits
    		                                               1,378,000 32,720,000   3,512,000 28,540,000 
      proceeds from unsecured convertible notes
    		                                                   0 0 
      redemption of series b preferred stock
    		                                                     
      gain/loss on properties “held for sale” and sales of property
    		                                                     
      proceeds from issuance of series d cumulative convertible preferred stock
    		                                                     
      minority interest
    		                                               971,000 929,000 948,000 951,000 951,000 909,000 
      distributions to minority interest
    		                                                     
      contributions by minority interest
    		                                               -1,000 458,000 0 649,000 15,807,000 1,333,000 
      redemption of minority interest
    		                                                     
      amortization of above and below market leases
    		                                                     
      proceeds from sales of property
    		                                                0 11,066,000 68,047,000   
      principal borrowings from unsecured line of credit
    		                                                187,000,000 149,000,000 320,000,000   
      straight line rent
    		                                                     
      gain on sales of properties
    		                                                     
      additions to rental properties
    		                                                     
      additions to properties undergoing development and redevelopment and land held for development
    		                                                     
      amortization of premiums/discount on secured notes payable
    		                                                     
      purchase of rental properties
    		                                                     
      proceeds from sale of rental properties
    		                                                    40,052,000 
      additions to properties undergoing development and development land
    		                                                     
      repayments of unsecured line of credit
    		                                                     
      gain on sale of investments
    		                                                     
      gain on sale of properties
    		                                                     
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.