Boston Properties, Inc. (BXP) Q2 2023 Earnings Call Transcript

Boston Properties, Inc. (NYSE:BXP) Q2 2023 Earnings Conference Call August 2, 2023 10:00 AM ET

Company Participants

Helen Han - VP, IR

Owen Thomas - CEO & Chairman

Douglas Linde - President & Director

Michael LaBelle - EVP, Treasurer & CFO

Hilary Spann - EVP, New York Region

Bryan Koop - EVP, Boston Region

Rodney Diehl - SVP, Leasing, San Francisco

Conference Call Participants

John Kim - BMO Capital Markets

Michael Griffin - Citigroup

Blaine Heck - Wells Fargo Securities

Stephen Sakwa - Evercore ISI

Camille Bonnel - Bank of America Merrill Lynch

Michael Goldsmith - UBS

Caitlin Burrows - Goldman Sachs Group

Dylan Burzinski - Green Street Advisors

Vikram Malhotra - Mizuho Securities

Ronald Kamdem - Morgan Stanley

Nicholas Yulico - Scotiabank

Alexander Goldfarb - Piper Sandler & Co.

Anthony Powell - Barclays Bank

Operator

Good day, and thank you for standing by. Welcome to Q2 2023 BXP Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference call is being recorded. I'd now like to hand the conference over to Helen Han, Vice President, Investor Relations. Please go ahead.

Helen Han

Good morning, and welcome to BXP Second Quarter 2023 Earnings Conference Call. The press release and supplemental package were distributed last night and furnished on Form 8-K. In the supplemental package, BXP has reconciled all non-GAAP financial measures to the most directly comparable GAAP measure in accordance with Reg G.

If you did not receive a copy, these documents are available in the Investors section of our website at investors.bxp.com. A webcast of this call will be available for 12 months.

At this time, we would like to inform you that certain statements made during this conference call, which are not historical, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act.

Although BXP believes that expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors and risks that could cause actual results to differ materially from those expressed or implied by forward-looking statements were detailed in yesterday's press release and from time to time in BXP's filings with the SEC.

BXP does not undertake a duty to update any forward-looking statements. I'd like to welcome Owen Thomas, Chairman and Chief Executive Officer; Doug Linde, President; and Mike LaBelle, Chief Financial Officer. During the Q&A portion of our call, Ray Ritchey, Senior Executive Vice President; and our regional management teams will be available to address any questions. [Operator Instructions]. I would now like to turn the call over to Owen Thomas for his formal remarks.