Alexandria Real Estate Equity, Inc. (ARE) CEO Joel Marcus on Q2 2020 Results - Earnings Call Transcript

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Q2: 2020-07-27 Earnings Summary

EPS of $1.82 beats by $1.29
 | Revenue of $436.96M (16.88% Y/Y) misses by $11.97M

Alexandria Real Estate Equity, Inc. (NYSE:ARE) Q2 2020 Earnings Conference Call July 28, 2020 3:00 PM ET

Company Participants

Paula Schwartz - Investor Relations
Joel Marcus - Executive Chairman and Founder
Jenna Foger - Senior Vice President
Steve Richardson - Co-Chief Executive Officer
Peter Moglia - Co-Chief Investment Officer
Dean Shigenaga - Chief Financial Officer

Conference Call Participants

Manny Korchman - Citi
Sheila McGrath - Evercore
James Feldman - Bank of America Merrill Lynch
Anthony Paolone - JPMorgan
Tom Catherwood - BTIG
Rich Anderson - SMBC
Dave Rodgers - Baird
Michael Carroll - RBC Capital Markets
Tayo Okusanya - Mizuho

Operator

Good day, and welcome to the Alexandria Real Estate Equities second quarter 2020 earnings conference call. [Operator Instructions]

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

Joel Marcus

Thank you very much, Paula, and welcome, everybody, to Alexandria's second quarter earnings call and our first full quarter done virtually. And as I always do, I want to thank the entire Alexandria family for an outstandingly executed second quarter, really in all respects and by all metrics, as I said, our first full reporting quarter virtually. It was once said a couple of notes about change. Everything changes but change. And as I've quoted before, the award-winning visionary author Jim Collins noted, "To be built to last

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