Alexandria Real Estate Equities, Inc. (ARE) Q4 2022 Earnings Call Transcript

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Q4 2022 Earnings Conference Call January 31, 2022 3:00 PM ET

Company Participants

Paula Schwartz - Investor Relations

Joel Marcus - Executive Chairman and Founder

Hallie Kuhn - Vice President, Science & Technology

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

Dean Shigenaga - President & Chief Financial Officer

Conference Call Participants

Steve Sakwa - Evercore ISI

Georgi Dinkov - Mizuho Securities

Michael Griffin - Citigroup Global Markets

Josh Dennerlein - Bank of America Merrill Lynch

Richard Anderson - SMBC Nikko Securities

Tom Catherwood - BTIG

Michael Carroll - RBC Capital Markets

Dave Rogers - Robert W. Baird

Dylan Burzinski - Green Street Advisors

Jamie Feldman - Wells Fargo

Omotayo Okusanya - Credit Suisse

Operator

Good afternoon, and welcome to the Alexandria Real Estate Equities 2022 Fourth Quarter and Yearend 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’d now like to turn the conference over to Paula Schwartz 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 the 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.

I’d now 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. With me today, are Hallie Kuhn, Peter Moglia and Dean Shigenaga. Want to thank you for joining Alexandria's fourth quarter and yearend 2022 earnings call and wishing you a safe and healthy new year. And thank you to our Alexandria family team members for their continued operational excellence across all facets of our unique business platform. A truly mission-driven, one-of-a-kind company. We have truly exceptional fourth quarter and 2022 yearend results and by any and all metrics, we're very proud, thankful, and humbled, while many public recording companies ever really struggled mightily during this past year.

I'd like to take a moment to tick off what I consider to be some of the most notable news for Alexandria. Truly amazing that Alexandria has delivered approximately 8.5% FFO per share earnings growth while continuing to strengthen our fortress balance sheet, the strongest in our history and Dean will give you more details on that. Against the backdrop of a very deleterious macro-market in this 2022 year and really again, nothing short of operational excellence to the team.