AvalonBay Communities, Inc. (AVB) Q3 2022 Earnings Call Transcript

AvalonBay Communities, Inc. (NYSE:AVB) Q3 2022 Results Conference Call November 4, 2022 11:00 AM ET

Company Participants

Jason Reilley - VP, IR
Ben Schall - President and CEO
Kevin O’Shea - CFO
Matt Birenbaum - Chief Investment Officer
Sean Breslin - COO

Conference Call Participants

Nick Joseph - Citi
Steve Sakwa - Evercore
Austin Wurschmidt - KeyBanc
Jeff Spector - Bank of America
Adam Kramer - Morgan Stanley
Alan Peterson - Green Street
John Kim - BMO Capital Markets
Alexander Goldfarb - Piper Sandler
Jamie Feldman - Wells Fargo
Tayo Okusanya - Credit Suisse

Operator

Good morning, ladies and gentlemen, and welcome to the AvalonBay Communities Third Quarter 2022 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, Doug, and welcome to AvalonBay Communities Third Quarter 2022 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 that, I will turn the call over to Ben