How do you interpret consolidation — minority interest decrease from redemptions?

Changes reflect the level of buyouts or redemptions of minority interests within the consolidated group.

How does consolidation — minority interest decrease from redemptions compare across companies?

Common in REITs that utilize joint ventures and partnerships with third-party investors.

Alexandria Real Estate Equities ARE Consolidation — Minority Interest Decrease From Redemptions

Discontinued — last reported Q3 '16

Similar metrics at other companies

ARESConsolidation Eliminations — Minority Interest

-$164.64M-23.5%

DVAConsolidation Eliminations — Minority Interest

-$444.9M-12.8%

REGConsolidation Eliminations — Minority Interest

-$35.22M—

ARESConsolidation Eliminations — Nonredeemable Noncontrolling Interest

-$133.55M—

ARConsolidation Eliminations — Minority Interest

$748.69M+16.7%

OCConsolidation Eliminations — Minority Interest

$0—

Other financials

Income statement

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Revenue$671.0M-11.5%

Net income$361.7M+4,146%

EPS (diluted)$2.10+3,100%

Balance sheet

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Cash & equivalents$418.7M-12.1%

Total debt$358.6M-3.4%

Total equity$15.7B-9.9%

Total assets$34.2B-9.1%

Cash flow

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Operating cash flow$196.6M-5.4%

CapEx$137.6M-6.4%

Free cash flow$59.0M-3.1%

Valuation

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Market cap$8.89B-49.8%

Enterprise value$8.83B-49.8%

P/S3×-2.7×

Profitability

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Net margin-36%-42.7pp

FCF margin36.5%+1.8pp

Returns & leverage

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Return on equity-6.4%-7.5pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Alexandria Real Estate Equities in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterestDecreaseFromRedemptions.

The official record: Alexandria Real Estate Equities’s 10-Q, filed November 2, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — minority interest decrease from redemptions mean?: The removal of internal minority interest reductions due to equity redemptions.
How do you interpret consolidation — minority interest decrease from redemptions?: Changes reflect the level of buyouts or redemptions of minority interests within the consolidated group.
How does consolidation — minority interest decrease from redemptions compare across companies?: Common in REITs that utilize joint ventures and partnerships with third-party investors.