Preferred Apartment Communities, Inc. (APTS) CEO Joel Murphy on Q1 2021 Results - Earnings Call Transcript

Preferred Apartment Communities, Inc. (APTS) Q1 2021 Earnings Conference Call May 11, 2021 11:00 AM ET

Company Participants

Paul Cullen - EVP, IR
Joel Murphy - President, CEO & Director
John Isakson - CFO

Conference Call Participants

Gaurav Mehta - National Securities Corporation
Michael Lewis - Truist Securities
Jason Stewart - JonesTrading Institutional Services

Operator

Good morning, and welcome to the Preferred Apartment Communities First Quarter 2021 Earnings Conference Call. [Operator Instructions]. Please note this event is being recorded. I would now like to turn the conference over to Paul Cullen, Executive Vice President, Investor Relations. Please go ahead.

Paul Cullen

Thank you for joining us this morning, and welcome to Preferred Apartment Communities First Quarter 2021 Earnings Call. We hope each of you have had an opportunity to review our first quarter earnings report, which was 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 to John Isakson, our Chief Financial Officer, will share some additional details about our financial metrics and capital markets. Then Joe will return to conclude our prepared remarks. Following Joel's remarks, we'll be pleased to answer any questions you may have.

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. As you know, actual events and results may differ materially from those forward-looking statements, and the company does not undertake a duty to update any forward-looking statements.

These risks and uncertainties include, but are not limited to, the impact of COVID-19 pandemic on our business operations, our customers, the economic conditions in the markets in which we operate, the global economy and the financial markets, and our ability to mitigate the impacts