Preferred Apartment Communities, Inc. (APTS) CEO Joel Murphy on Q4 2019 Results - Earnings Call Transcript

Preferred Apartment Communities, Inc. (APTS) Q4 2019 Earnings Conference Call February 25, 2020 11:00 AM ET

Company Participants

Paul Cullen - Executive Vice President, Investor Relations
Joel Murphy - Chief Executive Officer
John Isakson - Chief Financial Officer
Mike Cronin - Executive Vice President, Chief Accounting Officer and Treasurer
Jeff Sherman - Executive Vice President & Managing Director, Multifamily
Michael Aide - Executive Vice President, Managing Director of New Market Properties, LLC
Boone DuPree - Chief Executive Officer of Preferred Office Properties, LLC

Conference Call Participants

Gaurav Mehta - National Securities
Barry Oxford - D.A. Davidson
Michael Lewis - SunTrust

Operator

Good morning, ladies and gentlemen, and welcome to the Preferred Apartment Communities Fourth Quarter 2019 Earnings Conference Call. [Operator Instructions] After today's presentation, there'll be an opportunity to ask questions. [Operator Instructions] Please note that this event is being recorded.

I would now like to introduce your host for today’s conference call, Paul Cullen, Executive Vice President of Investor Relations. Please go ahead sir.

Paul Cullen

Thank you for joining us this morning and welcome to Preferred Apartment Communities fourth quarter 2019 earnings call. We hope that each of you have had a chance to review our fourth quarter earnings report, which we released yesterday after the market closed. In a moment, I'll turn the call over to Joel Murphy, our Chief Executive Officer to share some initial thoughts and then John Isakson, our Chief Financial Officer will share some additional details about financial metrics and capital markets. Then Joel will return to conclude our prepared remarks. Following Joel’s remarks, we’ll be pleased to answer any questions you might have. Also present with us this morning is Mike Cronin, our Chief Accounting Officer and Jeff Sherman, Michael Aide and Boone DuPree, the business leaders of our three primary products vertical.