Griffin Industrial Realty, Inc. (NASDAQ:GRIF) Q2 2020 Earnings Conference Call - Final Transcript

Jul 10, 2020 • 08:00 am ET

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Griffin Industrial Realty, Inc. (NASDAQ:GRIF) Q2 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning and welcome to Griffin Industrial Realty's Second Quarter 2020 Earnings Webcast. This webcast is listen-only, and there will be no question-and-answer session.

It is now my pleasure to turn the program over to Michael Gamzon, President and CEO of Griffin.

Executive
Michael Gamzon

Good morning and thank you for logging in to our inaugural earnings webcast. As always, we appreciate your interest in Griffin. Today, I will provide a general overview and our CFO, Anthony Galici will provide some details on the second quarter numbers.

As with the expanded statistics in our second quarter leasing release in June, this call is an effort to provide more information to our investors. In the same vein, I would also like to announce that we have hired Ashley Mancuso as our Director of IR and Capital Markets. Ashley will be joining our team later this month and brings very relevant experience having previously led the IR and Capital Markets team at Gramercy Property Trust prior to its acquisition by Blackstone in 2018. We are looking forward to her contributions as we continue to build out our IR platform and grow the business.

Now, before diving into our performance since we will be making forward-looking statements we ask that you listen to the following disclaimer.

Executive
Anthony Galici

Please note that some statements during this call are forward-looking statements as defined and within the Safe Harbor rules under the Securities Act of 1933, the Securities Exchange Act of 1934, and Private Securities Litigation Reform Act of 1995, including statements regarding our business plans and expected timing of those plans, expected impacts of COVID-19 on our business and market expectations.

Forward-looking statements in the earnings press release, along with our remarks are made as of today and we undertake no duty to update them whether as a result of new information, future or actual events or otherwise. Such statements involve known and unknown risks, uncertainties and other factors, including those directly and indirectly related to the outbreak of the ongoing coronavirus pandemic and other important risk factors contained in our most recent Form 10-K and Form 10-Qs that may cause actual results to differ materially from our expectations.

Please note that our conference call today will contain financial measures such as leasing NOI and cash leasing NOI that are non-GAAP measures. You can find a reconciliation of our GAAP financial statement results through these non-GAAP financial measures in our earnings release and in our Form 10-Q that we filed yesterday, which are available on the investor page of our website at www.griffinindustrial.com.

Executive
Michael Gamzon

Thank you, Anthony. First, let me say that we hope all of you and your families are safe and well. The COVID-19 pandemic has created unprecedented challenges across our country since March of this year. We remain sensitive to its ongoing impacts to our investors, our tenants and our colleagues. I would especially like to thank the Griffin team, which has shown great resilience, adaptability and dedication as they have worked through this recent operating environment.

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