American Assets Trust, Inc. (NYSE:AAT) Q3 2022 Earnings Conference Call October 26, 2022 11:00 AM ET

Company Participants

Adam Wyll - President & Chief Operating Officer

Ernest Rady - Chairman & Chief Executive Officer

Bob Barton - Chief Financial Officer

Steve Center - Senior Vice President-Office Properties

Conference Call Participants

Todd Thomas - KeyBanc Capital Markets

Operator

Good day, and welcome to the American Assets Trust Third Quarter 2022 Earnings Conference Call. As a reminder, today's conference call is being recorded. All participants will be in a listen-only mode.

Please note that statements made on this conference call include forward-looking statements based on current expectations, which statements are subject to risks and uncertainties discussed in the company's filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements as actual events could cause the company's results to differ materially from these forward-looking statements.

It is now my pleasure to introduce your host Mr. Adam Wyll, President and COO for American Assets Trust. Thank you. Mr. Wyll, you may begin.

Adam Wyll

Thank you, operator. Good morning, everyone. Welcome to American Assets Trust Third Quarter 2022 Earnings Call. Yesterday afternoon, our earnings release and supplemental information were furnished to the SEC on Form 8-K. Both are now available on the Investors section of our website americanassetstrust.com.

And with that quick intro, I'll turn the call over to Ernest Rady, our Chairman and CEO to begin the discussion of our third quarter 2022 results. Ernest?

Ernest Rady

Thanks, Adam, and good morning everyone. As you all are aware, we are seeing considerable volatility in the capital markets and uncertainty in the economy that seems likely to continue for the next few quarters at a minimum, given persistent inflation, rising interest rates and national and global politics, not to mention what I consider to have been excessive and unprecedented fiscal stimulus in the United States.

These are times unlike any other that I've seen and it is clear there is no monetary policy playbook for a clear and obvious course correction. But that's why I feel more than ever quality matters: quality of our assets, quality of our balance sheet and more than anything else, quality of our people who are the stewards of our organization that work hard to optimize our long-term growth, shareholder wealth creation and investing and improving what we consider to be among the best assets in our markets for each of our asset classes.