BRT Apartments Corp. (NYSE:BRT) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET

Company Participants

Jeffrey Gould - President & CEO

George Zweier - CFO

Ryan Baltimore - COO

David Kalish - SVP

Kevin Reed - ICR, IR

Conference Call Participants

Gaurav Mehta - EF Hutton

Craig Kucera - B. Riley Securities

Operator

Good day, and welcome to the BRT Apartments Corporation third quarter 2022 earnings conference call. Today’s conference is being recorded. At this time, I’d like to turn the floor over to Mr. Kevin Reed of ICR. Thank you, sir, and you may now begin.

Kevin Reed

Thank you for joining us today for BRT Apartment Corp.'s third quarter 2022 earnings conference call. On the call today is Jeffrey Gould, President and Chief Executive Officer. Also available are George Zweier, Chief Financial Officer; Ryan Baltimore, Chief Operating Officer; and David Kalish, Senior Vice President.

I would like to remind everyone that this conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions, and beliefs. Listeners should not place undue reliance on any forward-looking statements, and are encouraged to review the company's SEC filings, including its Form 10-K and Form 10-Q, for a more complete discussion of risks and other factors that could affect these forward-looking statements. Except as required by law, BRT does not undertake any obligation to publicly update or revise any forward-looking statements. This call also includes a discussion of non-GAAP measures, including FFO, AFFO, NOI, and information regarding our pro rata share of revenues, expenses, NOI, assets and liabilities of BRT's unconsolidated subsidiaries. All the non-GAAP information discussed today has certain limitations to be used with caution and in conjunction with GAAP data presented in our supplemental earnings release, and in our reported filings with the SEC. Unless otherwise indicated, or the context otherwise requires, references to BRT's portfolio or its multifamily portfolio, and references to revenues, expenses, NOI, assets and liabilities, refer to results and accounts of BRT's wholly-owned subsidiaries, and its pro rata share of unconsolidated subsidiaries. As a reminder, the company's supplemental information and earnings release have been posted on the Investor Relations section of BRT's website at www.brtapartments.com. We anticipate that our quarterly report on Form 10-Q will be filed later today.

I'd now like to turn the call over to President and CEO, Jeffrey Gould. Please, go ahead, Jeff.