Alexandria Real Estate Equities Inc (ARE) Q1 2020 Earnings Call Transcript

Alexandria Real Estate Equities Inc (ARE) Q1 2020 Earnings Call Transcript

Alexandria Real Estate Equities Inc ( NYSE:ARE ) Q1 2020 Earnings Call Apr 28, 2020 , 3:00 p.m. ET. And now I would like to turn the call over to Joel Marcus, Executive Chairman and Founder.. While most REITs compare their business today, the COVID-19 in the COVID-19 pandemic to the great financial crisis of 2008 and 2009.. And as we sit today, the life science industry is really the true solution to winning the battle against the COVID-19 pandemic.. It's about building a company of such intrinsic excellence that the world would lose something important if that organization cease to exist.. So I would like to highlight the mission-critical work of our tenant companies across three major categories: one, improving testing, quality and capacity, 2, advancing new and repurposed treatments; and three, developing preventative vaccines.. Our unique platform is leading to healthy activity at Alexandria's Class A laboratory facilities.. The highest during the past 10 years with 22.3% on a cash basis and 46.3% on a GAAP basis, led by a large lease in our flagship Tech Square campus in Cambridge.. Alexandria is fully prepared and well positioned at all strategic and operational levels to protect the inherent value