AvalonBay Communities Inc. (AVB) CEO Timothy Naughton on Q3 2020 Results - Earnings Call Transcript

10/30/20

AvalonBay Communities Inc. (NYSE:AVB) Q3 2020 Earnings Conference Call October 29, 2020 1:00 PM ET

Company Participants

Jason Reilley - Vice President, Investor Relations

Timothy Naughton - Chairman and Chief Executive Officer

Sean Breslin - Chief Operating Officer

Matt Birenbaum - Chief Investment Officer

Kevin O'Shea - Chief Financial Officer

Conference Call Participants

Nick Joseph - Citi

Rich Hightower - Evercore

Alua Askarbek - Bank of America

Richard Hill - Morgan Stanley

Richard Skidmore - Goldman Sachs

John Pawlowski - Green Street Advisors

Sumit Sharma - Scotiabank

Juan Sanabria - BMO Capital Markets

Richard Anderson - SMBC

Austin Wurschmidt - KeyBanc.

Alexander Goldfarb - Piper Sandler

Zachary Silverberg - Mizuho

Dennis McGill - Zelman

Operator

Ladies and gentlemen, good morning and welcome to AvalonBay Communities' Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following remarks by the Company, we will conduct a question-and-answer session. [Operator Instructions]

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

Jason Reilley

Thank you Abby and welcome to AvalonBay Communities' third quarter 2020 earnings conference call. Before we begin, please note that forward-looking statements may be made during this discussion. There are 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, this 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.

With that, I'll turn the call over to Tim Naughton, Chairman and CEO of AvalonBay Communities for his remarks. Tim?

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