Alexandria Real Estate Equities, Inc. (NYSE:ARE) Q2 2024 Earnings Conference Call July 23, 2024 3:00 PM ET

Company Participants

Paula Schwartz - Rx Communications Group LLC, Managing Director
Joel S. Marcus - Executive Chairman and Founder
Hallie Kuhn - Senior Vice President of Science and Technology and Capital Markets
Peter M. Moglia - Chief Executive Officer and Chief Investment Officer
Marc E. Binda - Chief Financial Officer and Treasurer

Conference Call Participants

Farrell Granath - Bank of America
Anthony Paolone - JPMorgan
Michael Griffin - Citi
Richard Anderson - Wedbush
Wesley Golladay - Baird
Michael Carroll - RBC Capital Markets
Vikram Malhotra - Mizuho
James Kammert - Evercore
Peter Abramowitz - Jefferies
Dylan Burzinski - Green Street
Omotayo Okusanya - Deutsche Bank

Operator

Good day, and welcome to the Alexandria Real Estate Equities Second Quarter 2024 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, today’s event is being recorded.

I would now like to turn the conference over to Paula Schwartz. 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.

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

Joel S. Marcus

Thank you, Paula, and welcome, everybody. With me today are Hallie, Peter and Marc, and we welcome you to our second quarter earnings call. And, thank you and congratulations to the Alexandria family team for another very solid second quarter operating and financial performance given the continuing uncertainty of the backdrop as soaring U.S. debt and government spending problems continue pretty much unabated. And, in thinking about our daily efforts, we all think about the Navy SEAL credo, The Only Easy Day Was Yesterday.

Also, huge congrats to our team on the June 2024 release of our corporate responsibility report, which reinforces our longstanding operational excellence across our one of a kind Labspace platform and to the team for securing 100% of the electricity needs with renewable energy for 100% of our Alexandria paid accounts in our Greater Boston cluster market, a phenomenal achievement. Thank you, team.