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Allied Properties Real Estate Investment Trust (APYRF) CEO Michael Emory on Q1 2022 Results - Earnings Call Transcript

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Allied Properties Real Estate Investment Trust (OTC:APYRF) Q1 2022 Earnings Conference Call April 28, 2022 10:00 AM ET

Company Participants

Michael Emory - President and Chief Executive Officer

Cecilia Williams - Executive Vice President and Chief Financial Officer

Tom Burns - Executive Vice President and Chief Operating Officer

Hugh Clark - Executive Vice President, Development

Conference Call Participants

Scott Fromson - CIBC

Jonathan Kelcher - TD Securities

Mario Saric - Scotiabank

Gaurav Mathur - IA Capital Markets

Jenny Ma - BMO Capital Markets

Mark Rothschild - Canaccord


Good day and welcome to the Allied Properties REIT First Quarter 2022 Earnings Conference Call. Today’s conference is being recorded. At this time, I’d like to turn the conference over to Mr. Michael Emory, President and Chief Executive Officer. Please go ahead, Mr. Emory.

Michael Emory

Thank you, Justin and good morning everyone. Welcome to our conference call. Tom, Cecilia and Hugh are here with me to discuss Allied’s results for the first quarter ended March 31, 2022. We may in the course of this conference call make forward-looking statements about future events or future performance. These statements, by their nature, are subject to risks and uncertainties that may cause actual events or results to differ materially, including those risks described under the heading Risks and Uncertainties in our most recently filed annual information form and in our most recent quarterly report. Material assumptions that underpin any forward-looking statements we make include those assumptions described under forward-looking disclaimer in our most recent quarterly report.

Allied’s first quarter results met or exceeded expectations with AFFO per unit and average in-place net rent per occupied square foot rising to record levels. Cecilia will summarize our financial results. Tom will follow with an overview of leasing and operations. Hugh will provide a development update and I will finish

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