AvalonBay Communities, Inc. (AVB) CEO Tim Naughton on Q2 2021 Results - Earnings Call Transcript

AvalonBay Communities, Inc. (NYSE:AVB) Q2 2021 Earnings Conference Call July 29, 2021 2:00 PM ET

Company Participants

Jason Reilley - Vice President, Investor Relations
Tim Naughton - Chairman and Chief Executive Officer
Ben Schall - President
Kevin O'Shea - Chief Financial Officer
Matt Birenbaum - Chief Investment Officer
Sean Breslin - Chief Operating Officer

Conference Call Participants

Nick Joseph - Citi
Michael Bilerman - Citi
Rich Hill - Morgan Stanley
Rich Hightower - Evercore
Nick Yulico - Scotiabank
Brad Heffern - RBC
John Pawlowski - Green Street
Rich Anderson - SMBC
Austin Wurschmidt - KeyBanc
Alexander Goldfarb - Piper Sandler
Alex Kalmus - Zelman & Associates

Operator

Good day everyone, and welcome to the AvalonBay Communities Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only. Following the remarks by the company, we will conduct a question-and-answer session. [Operator Instructions]

Your host for today's conference call is Mr. Jason Reilley, Vice President of Investor Relations. Mr. Reilley, you may begin.

Jason Reilley

Thank you, April, and welcome to AvalonBay Communities Second Quarter 2021 Earnings Conference Call. Before we begin, please note that forward-looking statements may be made during this discussion. There are a variety of risks and uncertainties associated with forward-looking statements, and actual results may differ materially. There is a discussion of these risks and uncertainties in yesterday afternoon's press release as well as in the company's Form 10-K and Form 10-Q filed with the SEC.

As usual, this press release does include an attachment with definitions and reconciliations of non-GAAP financial measures and other terms, which may be used in today's discussion. The attachment is also available on our website at www.avalonbay.com/earnings, and we encourage you to refer to this information during the review of our operating results and financial performance.

And with