Federal Realty Investment Trust (FRT) Q3 2022 Earnings Call Transcript

Federal Realty Investment Trust (NYSE:FRT) Q3 2022 Earnings Conference Call November 3, 2022 5:00 PM ET

Company Participants

Leah Brady – Vice President-Investor Relations

Don Wood – Chief Executive Officer

Dan Guglielmone – Executive Vice President, Chief Financial Officer and Treasurer

Jeff Berkes – President and Chief Operating Officer

Wendy Seher – Executive Vice President and Eastern Region President

Conference Call Participants

Alexander Goldfarb – Piper Sandler

Craig Schmidt – Bank of America

Steve Sakwa – Evercore

Derek Johnston – Deutsche Bank

Michael Goldsmith – UBS

Greg McGinniss – Scotiabank

Hong Zhang – JPMorgan

Juan Sanabria – BMO Capital Markets

Haendel St. Juste – Mizuho

Linda Tsai – Jefferies

Omotayo Okusanya – Credit Suisse

Operator

Hello. And welcome to the Federal Realty Investment Trust Third Quarter 2022 Earnings Conference call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Leah Brady. Please go ahead.

Leah Brady

Good afternoon. Thank you for joining us today for Federal Realty's third quarter 2022 earnings conference call. Joining me on the call, are Don Wood, Dan G, Jeff Berkes, Wendy Seher, and Melissa Solis. They will be available to take your questions at the conclusion of our prepared remarks.

A reminder that certain matters discussed on this call may be deemed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include any annualized or projected information, as well as statements referring to expected or anticipated events or results including guidance. Although Federal Realty believes that expectations reflected in such forward-looking statements are based on reasonable assumptions, Federal Realty's future operations and its actual performance may differ materially from the information in our forward-looking statements. And we can give no assurance that these expectations can be attained.

The earnings release and supplemental reporting package that we issued this afternoon, our annual reported filed on Form 10-K, and our other financial disclosure documents provide a more in-depth discussion of risk factors that may affect our financial condition and results of operations. Given number of participants on the call, we kindly ask that you limit yourself to one question and an appropriate follow-up during the Q&A portion of our call. If you have additional questions, please re-queue.

And with that, I will turn the call over to Don Wood to begin our discussion of our third quarter results. Don?