AvalonBay Communities (AVB) CEO Ben Schall on Q4 2021 Results - Earnings Call Transcript

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Q4: 2022-02-02 Earnings Summary

10-K
EPS of $2.40 beats by $1.51 | Revenue of $600.49M (8.21% Y/Y) beats by $2.48M

AvalonBay Communities, Inc. (NYSE:AVB) Q4 2021 Earnings Conference Call February 3, 2022 1:00 PM ET

Company Participants

Jason Reilley - VP of IR
Ben Schall - CEO, President
Kevin O’Shea - CFO
Matt Birenbaum - CIO
Sean Breslin - COO

Conference Call Participants

Nick Joseph - Citi
Rich Hill - Morgan Stanley
Rich Hightower - Evercore
Austin Wurschmidt - KeyBanc
John Kim - BMO Capital Markets
John Pawlowski - Green Street
Rich Anderson - SMBC
Joshua Dennerlein - Bank of America
Alexander Goldfarb - Piper Sandler
Haendel St. Juste - Mizuho
Michael Bilerman - Citi

Operator

Good morning, ladies and gentlemen, and welcome to the AvalonBay Communities Fourth Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following 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 your conference.

Jason Reilley

Thank you, Aleena, and welcome to AvalonBay Communities fourth 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 that information during the review of our operating results and financial performance.

And with that, I will turn the call over to

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