UDR, Inc. (UDR) Q4 2022 Earnings Call Transcript

UDR, Inc. (NYSE:UDR) Q4 2022 Earnings Conference Call February 7, 2023 1:00 PM ET

Company Participants

Trent Trujillo - Director, Investor Relations

Thomas Toomey - Chairman and Chief Executive Officer

Joe Fisher - President and Chief Financial Officer

Mike Lacy - Senior Vice President, Operations

Chris Van Ens - Vice President, Property Operations

H. Andrew Cantor - Senior Vice President, Acquisitions and Dispositions

Conference Call Participants

Anthony Paolone - JPMorgan

Nick Joseph - Citi

Daniel Tricarico - Scotiabank

Austin Wurschmidt - KeyBanc Capital Markets

Michael Goldsmith - UBS

Joshua Dennerlein - Bank of America

Steve Sakwa - Evercore ISI

Adam Kramer - Morgan Stanley

Juan Sanabria - BMO Capital Markets

Brad Heffern - RBC Capital Markets

Chandni Luthra - Goldman Sachs

Rich Anderson - SMBC

Wes Golladay - Baird

Haendel St. Juste - Mizuho

Rob Stevenson - Janney Montgomery Scott

Connor Mitchell - Piper Sandler

Anthony Powell - Barclays

Tayo Okusanya - Credit Suisse

Operator

Greetings and welcome to the UDR, Inc. Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Trent Trujillo, Director of Investor Relations. Thank you, Trent. You may begin.

Trent Trujillo

Welcome to UDR’s quarterly financial results conference call. Our press release and supplemental disclosure package were distributed yesterday afternoon and posted to the Investor Relations section of our website, ir.udr.com. In the supplement, we have reconciled all non-GAAP financial measures to the most directly comparable GAAP measure in accordance with Reg G requirements.

Statements made during this call, which are not historical, may constitute forward-looking statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurances that our expectations will be met. A discussion of risks and risk factors are detailed in our press release and included in our filings with the SEC. We do not undertake a duty to update any forward-looking statements.

When we get to the question-and-answer portion, we ask that you be respectful of everyone’s time and limit your questions to one plus a follow-up. Management will be available after the call for your questions that did not get answered during the Q&A session today.

I will now turn the call over to UDR’s Chairman and CEO, Tom Toomey.

Thomas Toomey

Thank you, Trent and welcome to UDR’s fourth quarter 2022 conference call. Presenting on the call with me today are President and Chief Financial Officer, Joe Fisher and Senior Vice President of Operations, Mike Lacey, who will discuss our results. Senior officers Andrew Cantor and Chris Van Ens, will also be available during the Q&A portion of the call.