EastGroup Properties, Inc. (NYSE:EGP) Q1 2023 Earnings Conference Call April 26, 2023 11:00 AM ET

Company Participants

Keena Frazier – Director-Leasing Statistics

Marshall Loeb – President and Chief Executive Officer

Brent Wood – Chief Financial Officer

Conference Call Participants

Bill Crow – Raymond James

Craig Mailman – Citi

Connor Mitchell – Piper Sandler

Nick Thillman – Baird

Jason Belcher – Wells Fargo

Jessica Zheng – Green Street

Jeff Spector – Bank of America

Ki Bin Kim – Truist

Todd Thomas – KeyBanc Capital Markets

Michael Carroll – RBC Capital Markets

Vikram Malhotra – Mizuho

Operator

Good morning and welcome to the EastGroup Properties First Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] Please also note that this event is being recorded today.

I would now like to turn the conference over to Marshall Loeb, President and Chief Executive Officer. Please go ahead, sir.

Marshall Loeb

Good morning, and thanks for calling in for our first quarter 2023 conference call. As always, we appreciate your interest. Brent Wood, our CFO, is also on the call. And since we'll make forward-looking statements, we ask that you listen to the following disclaimer.

Keena Frazier

Please note that our conference call today will contain financial measures such as PNOI and FFO and that are non-GAAP measures as defined in Regulation G. Please refer to our most recent financial supplement and to our earnings press release, both available on the Investor page of our website. And to our periodic reports furnished or filed with the SEC for definitions and further information regarding our use of these non-GAAP financial measures and a reconciliation of them to our GAAP results.

Please also note that some statements during this call are forward-looking statements as defined in and within the safe harbors under the Securities Act of 1933 and the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995.

Forward-looking statements in the earnings press release, along with our remarks, are made as of today and reflect our current views about the company's plans, intentions, expectations, strategies and prospects based on the information currently available to the company and on assumptions in abate. We undertake no duty to update such statements or remark whether as a result of new information, future or actual events or otherwise. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. Please see our SEC filings included in our most recent annual report on Form 10-K for more detail about these risks.