Mid-America Apartment Communities, Inc. (MAA) Q3 2022 Results - Earnings Call Transcript

Mid-America Apartment Communities, Inc. (NYSE:MAA) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET

Company Participants

Eric Bolton - Chairman and CEO

Al 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 Joseph - Citi

Neil Malkin - Capital One

Alexander Goldfarb - Piper Sandler

Austin Wurschmidt - KeyBanc Capital

Nick Yulico - Scotiabank

John Kim - BMO Capital Markets

Brad Heffern - RBC Capital Markets

Rich Anderson - SMBC

Chandni Luthra - Goldman Sachs

Rob Stevenson - Janney

Alan Peterson - Green Street

Wes Golladay - Baird

Aaron Hecht - JMP Securities

Anthony Powell - Barclays

Operator

Good morning, ladies and gentlemen, and welcome to the MAA Third Quarter 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, October 27th, 2022.

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

Andrew Schaeffer

Thank you, Riesa, 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 34x 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 audio recording of this call will be available on our website later today. After some brief prepared comments, the management team will be available to answer questions.