UDR, Inc. (UDR) CEO Tom Toomey on Q1 2022 Results - Earnings Call Transcript

UDR, Inc. (NYSE:UDR) Q1 2022 Earnings Conference Call April 27, 2022 1:00 PM ET

Company Participants

Trent Trujillo - Director, Investor Relations

Tom Toomey - Chairman and CEO

Mike Lacy - Senior Vice President, Operations

Joe Fisher - Chief Financial Officer

Andrew Cantor - Senior Vice President, Investments

Chris Van Ens - Vice President, Investor Relations

Conference Call Participants

Nick Joseph - Citi

Anthony Pallone - JP Morgan

Rich Hill - Morgan Stanley

Austin Wurschmidt - KeyBanc

Brad Heffern - RBC Capital Markets

Juan Sanabria - BMO Capital Markets

Neil Malkin - Capital One Securities

John Pawlowski - Green Street

Joshua Dennerlein - Bank of America

Steve Sakwa - Evercore

Nick Yulico - Scotiabank

Connor Mitchell - Piper Sandler

Operator

Greetings. And welcome to UDR’s First Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. As a reminder, this conference call is being recorded. It is now my pleasure to introduce your host, Senior Director of Investor Relations, Trent Trujillo. Thank you, Mr. Trujillo. 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 this 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 first quarter 2022 conference call. Presenting on the call with me today are Senior Vice President of Operations, Mike Lacy; 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.