Mid-America Apartment Communities, Inc. (MAA) Q4 2022 Earnings Call Transcript

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q4 2022 Earnings Conference Call February 2, 2023 10:00 AM ET

Company Participants

Eric Bolton - Chairman and CEO

Albert Campbell - Executive VP, CFO

Rob DelPriore - Executive VP, CAO and General Counsel

Brad Hill - Executive VP, Chief Investment Officer

Tim Argo - Executive VP, Chief Strategy and Analysis Officer

Andrew Schaeffer - Senior VP, Treasurer and Director of Capital Markets

Conference Call Participants

Nick Yulico - Scotiabank

Alexander Goldfarb - Piper Sandler

Austin Wurschmidt - KeyBanc Capital

Nick Joseph - Citi

Anthony Powell - Barclays

Chandni Luthra - Goldman Sachs

Haendel St. Juste - Mizuho

Rich Anderson - SMBC

Wes Golladay - Baird

Rob Stevenson - Janney

Michael Goldsmith - UBS

John Pawlowski - Green Street

Tayo Okusanya - Credit Suisse

Jamie Feldman - Wells Fargo

Operator

Good morning, ladies and gentlemen, and welcome to the MAA Fourth Quarter and Full Year 2022 Earnings Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, the company will conduct a question-and-answer session. As a reminder, this conference call is being recorded today, February 22nd, 2022 [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, Natty 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, Tom Grimes, 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 34 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 difference between non-GAAP and comparable GAAP measures can be found in our earnings release and supplemental financial deck. Our earnings release and supplement are currently available on the For Investors page of our website atwww.maac.com.