AvalonBay Communities, Inc. (NYSE:AVB) Q3 2024 Earnings Conference Call November 5, 2024 11:00 AM ET

Company Participants

Jason Reilley - Vice President, Investor Relations
Benjamin Schall - Chief Executive Officer and President
Kevin O'Shea - Chief Financial Officer
Sean Breslin - Chief Operating Officer
Matthew Birenbaum - Chief Investment Officer

Conference Call Participants

Eric Wolfe - Citi
Jamie Feldman - Wells Fargo
Adam Kramer - Morgan Stanley
Steve Sakwa - Evercore ISI
Austin Wurschmidt - KeyBanc Capital Markets
Josh Dennerlein - Bank of America
Brad Heffern - RBC Capital Markets
John Kim - BMO Capital Markets
Amy Provost - UBS
Rich Anderson - Wedbush
Alexander Goldfarb - Piper Sandler
Haendel St. Juste - Mizuho Securities
Linda Tsai - Jefferies
Alexander Kim - Zelman & Associates

Operator

Good morning, ladies and gentlemen, and welcome to AvalonBay Communities Third Quarter 2024 Earnings Conference Call. [Operator Instructions]

Your host for today's call is Mr. Jason Reilley, Vice President of Investor Relations. Mr. Reilley, you may begin your conference call.

Jason Reilley

Thank you, Melissa, and welcome to AvalonBay Communities' third quarter 2024 earnings conference call.

Before we begin, please note that forward-looking statements may be made during this discussion. There are a variety of risks and uncertainties associated with forward-looking statements and actual results may differ materially. There is a discussion of these risks and uncertainties in yesterday afternoon's press release, as well as in the company's Form 10-K and Form 10-Q filed with the SEC.

As usual, the press release does include an attachment with definitions and reconciliations of non-GAAP financial measures and other terms, which may be used in today's discussion. The attachment is also available on our website, at www.avalonbay.com/earnings, and we encourage you to refer to this information during the review of our operating results and financial performance.

And with that, I'll turn the call over to Ben Schall, CEO and President of AvalonBay Communities for his remarks. Ben?

Benjamin Schall

Thank you, Jason, and thank you everyone for joining us today. I'm here with Kevin O'Shea, our Chief Financial Officer; Matt Birenbaum, our Chief Investment Officer; and Sean Breslin, our Chief Operating Officer. Sean and I have some prepared remarks, and then we'll open the line for questions. Per our practice, we posted a presentation in conjunction with our earnings release, which we will reference on today's call.

I'd like to start today's call with an update on the four strategic priorities we highlighted during our Investor Day last November. As summarized on Slide 4 of the earnings presentation, our organization has been laser-focused on executing our plans in each one of these areas, confident that they will continue to deliver superior growth for shareholders.