UDR, Inc. (UDR) Q3 2022 Earnings Call Transcript

UDR, Inc. (NYSE:UDR) Q3 2022 Earnings Conference Call October 27, 2022 1:00 PM ET

Company Participants

Trent Trujillo - Senior Director, Investor Relations

Tom Toomey - Chairman and Chief Executive Officer

Mike Lacy - Senior Vice President, Operations

Joe Fisher - President and Chief Financial Officer

Andrew Cantor - Senior Vice President

Conference Call Participants

Nick Joseph - Citi

Steve Sakwa - Evercore

Austin Wurschmidt - KeyBanc Capital Markets

Dan Tricarico - Scotiabank

Jeff Spector - Bank of America

Brad Heffern - RBC Capital Markets

Adam Kramer - Morgan Stanley

John Pawlowski - Green Street

Chandni Luthra - Goldman Sachs

Wes Golladay - Baird

Juan Sanabria - BMO Capital Markets

Haendel St. Juste - Mizuho

Tayo Okusanya - Credit Suisse

Neil Malkin - Capital One Securities

Operator

Greetings and welcome to UDR’s Third Quarter 2022 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Senior Director of Investor Relations, Trent Trujillo. Thank you. 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 assurance 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.

Tom Toomey

Thank you, Trent and welcome to UDR’s third quarter 2022 conference call. Presenting on the call with me today are Senior Vice President of Operations, Mike Lacy; and President and Chief Financial Officer, Joe Fisher, 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.