Preferred Apartment Communities, Inc. (APTS) CEO Joel Murphy on Q1 2020 Results - Earnings Call Transcript

Preferred Apartment Communities, Inc. (APTS) Q1 2020 Earnings Conference Call May 12, 2020 11:15 AM ET

Company Participants

Paul Cullen - Executive Vice President, Investor Relations
Joel Murphy - Chief Executive Officer
John Isakson - Chief Financial Officer

Conference Call Participants

Michael Lewis - SunTrust
Gaurav Mehta - National Securities

Operator

Good morning, and welcome to Preferred Apartment Communities First Quarter 2020 Earnings Conference Call. This conference call is being recorded.

I would now like to introduce your host for today's call, Paul Cullen, Executive Vice President, Investor Relations.

Paul Cullen

Thank you for joining us this morning, and welcome to Preferred Apartment Communities first quarter 2020 earnings call. We hope each of you have had an opportunity to review our first 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 may 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 multifamily, grocery anchored retail, and office verticals.

I'd like everyone to note that forward-looking statements may be made during our call. These statements are not guarantees of future performance, and involve various risks and uncertainties, and the actual results may differ materially. These risks and uncertainties include, but are not limited to, the impact of COVID-19 pandemic and our business operations and economic conditions in the markets in which we operate, our ability to mitigate the impacts arising from COVID-19, and the information about the second quarter 2020