Alexandria Real Estate Equities, Inc. (ARE) Q1 2023 Earnings Call Transcript

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Q1 2023 Results Conference Call April 25, 2023 3:00 PM ET

Company Participants

Paula Schwartz - Investor Relations

Joel Marcus - Executive Chairman and Founder

Peter Moglia - Chief Executive Officer & Co-Chief Investment Officer

Dean Shigenaga - President & Chief Financial Officer

Hallie Kuhn - Vice President, Science & Technology

Dan Ryan - Co-Chief Investment Officer

Conference Call Participants

Steve Sakwa - Evercore

Anthony Paolone - JPMorgan

Nick Joseph - Citi

Michael Carroll - RBC Capital Markets

Rich Anderson - SMBC

Tom Catherwood - BTIG

Joshua Dennerlein - Bank of America

Dylan Burzinski - Green Street

Georgi Dinkov - Mizuho

Jamie Feldman - Wells Fargo

Operator

Good day, and welcome to the Alexandria Real Estate Equities First Quarter 2023 Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Paula Swartz with Investor Relations. Please go ahead.

Paula Schwartz

Thank you, and good afternoon, everyone. This conference call contains forward-looking statements within the meaning of the federal securities laws. The Company's actual results might differ materially from those projected in forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the Company's periodic reports filed with the Securities and Exchange Commission.

And now, I'd like to turn the call over to Joel Marcus, Executive Chairman and Founder. Please go ahead, Joel.

Joel Marcus

Thank you, Paula, and welcome, everybody, to Alexandria's first quarter '23 Earnings Call. With me today are Peter, Dean, Hallie and Dan. And first of all, I want to send a big thank you to our entire, ARE family team for an operationally and financially strong first quarter in a tough -- continuing tough macro environment.

As you know, Alexandria is truly a one-of-a-kind S&P 500 company. And we're very pleased that we just received new -- one of Newsweek's most trusted company awards. We have no peers. We're kind of a pure play. In our field, we first identified and pioneered the lab space niche back in 1994 and then through our disciplined execution of our original vision using the strategic architecture of our cluster model, which we customize to the life science industry.