Apartment Income REIT Corp. (NYSE:AIRC) Q3 2022 Results Conference Call November 4, 2022 1:00 PM ET

Company Participants

Lisa Cohn - President and General Counsel, AIR Communities

Terry Considine - CEO

Keith Kimmel - President of Property Operations

John McGrath - Co-CIO and Chairman of Investment Committee

Paul Beldin - Chief Financial Officer

Conference Call Participants

Chandni Luthra - Goldman Sachs

Rich Anderson - SMBC

Nick Joseph - Citi

Haendel St. Juste - Mizuho

John Kim - BMO Capital Markets

John Pawlowski - Green Street

Operator

Hello, and welcome to the AIR Communities Third Quarter 2022 Earnings Conference Call. My name is Alex, and I'll be coordinating the call today. [Operator Instructions]

I will now hand over to your host, Lisa Cohn. Please go ahead, Lisa.

Lisa Cohn

Thank you, Alex, and good day. My name is Lisa Cohn, and I am President and General Counsel of AIR Communities.

During this conference call, forward-looking statements we make are based on management's judgment, including projections related to 2022 and 2023 expectations. These statements are subject to certain risks and uncertainties, a description of which can be found in our SEC filings.

Actual results may differ materially from what may be discussed today. We will also discuss certain non-GAAP financial measures such as funds from operations. These are defined and are reconciled to the most comparable GAAP measures in the supplemental information that is part of the full earnings release published on AIR's website.

Prepared remarks today come from Terry Considine, our CEO; Keith Kimmel, our President of Property Operations; John McGrath, our co-CIO and Chairman of our Investment Committee; and Paul Beldin, our Chief Financial Officer.

Other members of management are also present. All of us will be available during the question-and-answer session, which will follow our prepared remarks.

I will now turn the call to Terry Considine. Terry?

Terry Considine

Thank you, Lisa, and my thanks to all of you for your interest in AIR. We live in interesting times. As an executive at a department REIT, this year has been a great success. As the REIT shareholder, it's been a pretty tough year.

When I talk to other investors, they tell me they've already put this year in the past and instead are interested to talk about next year. I want to help, but I'm also mindful of the wisdom of Yogi Berra, It's tough to make predictions, especially about the future.