Highwoods Properties, Inc. (NYSE:HIW) Q2 2022 Earnings Conference Call July 27, 2022 11:00 AM ET
Company Participants
Hannah True - Investor Relations
Ted Klinck - Chief Executive Officer
Brian Leary - Chief Operating Officer
Brendan Maiorana - Chief Financial Officer
Conference Call Participants
Jamie Feldman - Bank of America
Rob Stevenson - Janney Montgomery Scott
Michael Griffin - Citi
Blaine Heck - Wells Fargo
David Rodgers - Baird
Tayo Okusanya - Credit Suisse
Daniel Ismail - Green Street Advisors
Operator
Good morning, and welcome to the Highwoods Properties Earnings Call. During the presentation, all participants will be in a listen-only mode. [Operator instructions] As a reminder, this conference is being recorded, Wednesday, July 27, 2022.
I would now like to turn the conference over to Ms. Hannah True. Please go ahead, Ms. True.
Hannah True
Thank you, operator, and good morning everyone. Joining me on the call this morning are Ted Klinck, our Chief Executive Officer; Brian Leary, our Chief Operating Officer; and Brendan Maiorana, our Chief Financial Officer. For your convenience, today's prepared remarks have been posted on the web. If you have not received yesterday's earnings release or supplemental, they are both available on the Investors section of our website at highwoods.com.
On today's call, our review will include non-GAAP measures such as FFO, NOI, and EBITDAre. The release and supplemental include a reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures. Forward-looking statements made during today's call are subject to risks and uncertainties.
These risks and uncertainties are discussed at length in our press releases, as well as our SEC filings. As you know, actual events and results can differ materially from these forward-looking statements and the company does not undertake a duty to update any forward-looking statements.
With that, I'll now turn the call over to Ted.
Ted Klinck
Thanks, Hannah, and good morning, everyone. We had another excellent quarter. Our financial results were strong. Our operations were healthy and our robust investment activities set the foundation for our continued long-term growth. This quarter's performance validates the strategy and execution we've deployed for many years to deliver steady financial growth and strengthening cash flows, while driving continuous portfolio improvement and setting the stage for future growth.
As we've stated before, our simple and straightforward investment strategy is to generate attractive and sustainable returns over the long-term by developing, acquiring, and owning the portfolio of high-quality, differentiated office buildings in the BBDs of our markets. A key ingredient in this strategy is to select markets that consistently outpace national averages on population and employment growth and are affordable and business-friendly.