Federal Realty Investment Trust (FRT) CEO Don Wood on Q2 2022 Results - Earnings Call Transcript

Federal Realty Investment Trust (NYSE:FRT) Q2 2022 Earnings Conference Call August 4, 2022 11:00 AM ET

Company Participants

Leah Brady - Vice President of Investor Relations

Don Wood - Chief Executive Officer & Director

Dan G. - Executive Vice President, Chief Financial Officer & Treasurer

Jeff Berkes - President & Chief Operating Officer

Wendy Seher - Executive Vice President & Eastern Region President

Mike Ennes - Senior Vice President, Mixed-Use Initiatives & Corporate Communications

Conference Call Participants

Alexander Goldfarb - Piper Sandler

Craig Schmidt - BofA

Craig Mailman - Citi

Samir Khanal - Evercore ISI

Juan Sanabria - BMO Capital Markets

Haendel St. Juste - Mizuho

Michael Goldsmith - UBS

Derek Johnston - Deutsche Bank

Ki Bin Kim - Truist Securities

Linda Tsai - Jefferies

Mike Mueller - JPMorgan

Chris Lucas - Capital One Securities

Paulina Rojas - Green Street

Tayo Okusanya - Credit Suisse

Operator

Greetings. Welcome to the Federal Realty Investment Trust Second Quarter 2022 Earnings Call. At this time all participants are in listen-only mode, a question-and-answer session will follow the formal presentation. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the conference over to your host Leah Brady. You may begin.

Leah Brady

Good morning. Thank you for joining us today for Federal Realty's Second 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 morning, our annual report 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 the number of participants on the call, we kindly ask you to limit yourself to one question and an appropriate follow-up during the Q&A portion of the call. If you have additional questions, please requeue.