Hamid Moghadam

“I'm here with Deborah Vironis, our Chief Legal Officer, General Counsel, and Secretary. Our directors and representatives from KPMG, our independent auditors, are also in attendance at this meeting.”

“Here's the way I look at all of these cycles, including recovery from the global financial crisis and other things. At the end of the day, it is the rate of return and replacement cost that drive long-term rents.”

“In the past few weeks, Tim provided insights in his remarks. We strive to take a broader perspective by examining various metrics. This includes lease signings, the pipeline we've discussed, build-to-suit discussions, and customer engagement.”

“Clearly, if we get into a recession environment, consumption will take a hit. But I don't think you're looking to our call for predictions about whether we're going to have a recession or not, there are better sources you can go for that.”

“I would like to add that credit loss has averaged under 20 basis points over the business cycle. The peak occurred during the global financial crisis, reaching nearly 100 basis points.”