Mid-America Apartment Communities, Inc. (MAA) Q1 2023 Earnings Call Transcript

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET

Company Participants

Andrew Schaeffer - Senior Vice President, Treasurer & Director, Capital Markets

Eric Bolton - Chairman & Chief Executive Officer

Tim Argo - Executive Vice President, Chief Strategy & Analysis Officer

Brad Hill - Executive Vice President & Chief Investment Officer

Al Campbell - Executive Vice President, Chief Financial Officer

Conference Call Participants

John Kim - BMO Capital Markets

Austin Wurschmidt - KeyBanc Capital

Chandni Luthra - Goldman Sachs

Michael Goldsmith - UBS

Nick Yulico - Scotiabank

Alan Peterson - Green Street

Rob Stevenson - Janney

Omotayo Okusanya - Credit Suisse

Barry Luo - Mizuho

Alexander Goldfarb - Piper Sandler

Wes Golladay - Baird

Eric Wolfe - Citi

Jamie Feldman - Wells Fargo

Linda Tsai - Jefferies

Operator

Good morning ladies and gentlemen and welcome to the MAA First Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder this conference call is being recorded today April 27th, 2023.

I will now turn the call over to Andrew Schaeffer Senior Vice President Treasurer and Director of Capital Markets of MAA for opening comments. Please go ahead.

Andrew Schaeffer

Thank you, Phyllis and good morning everyone. This is Andrew Schaeffer, Treasurer and Director of Capital Markets for MAA. Members of the management team also participating on the call with me this morning are Eric Bolton, Tim Argo, Al Campbell, Rob DelPriore, Joe Fracchia, and Brad Hill.

Before we begin with our prepared comments this morning, I want to point out that as part of this discussion, company management will be making forward-looking statements. Actual results may differ materially from our projections. We encourage you to refer to the forward-looking statements section in yesterday's earnings release and our 1934 Act filings with the SEC, which describe risk factors that may impact future results.

During this call, we will also discuss certain non-GAAP financial measures. A presentation of the most directly comparable GAAP financial measures as well as reconciliations of the differences between non-GAAP and comparable GAAP measures can be found in our earnings release and supplemental financial data.

Our earnings release and supplement are currently available on the For Investors page of our website at www.maac.com. A copy of our prepared comments and an audio recording of this call will also be available on our website later today. After some brief prepared comments, the management team will be available to answer questions.