Avalonbay Communities, Inc. (AVB) CEO Timothy Naughton on Q2 2020 Results - Earnings Call Transcript

7/31/20

Avalonbay Communities, Inc. (NYSE:AVB) Q2 2020 Earnings Conference Call July 30, 2020 1:00 PM ET

Company Participants

Jason Reilley - VP, IR

Timothy Naughton - Chairman, CEO & President

Sean Breslin - COO

Kevin O'Shea - CFO

Matthew Birenbaum - CIO

Conference Call Participants

Nicholas Joseph - Citigroup

Richard Hightower - Evercore ISI

John Pawlowski - Green Street Advisors

Jeffrey Spector - Bank of America Merrill Lynch

Richard Hill - Morgan Stanley

Wesley Golladay - RBC Capital Markets

Sumit Sharma - Scotiabank

Alex Kalmus - Zelman & Associates

Alexander Goldfarb - Piper Sandler & Co.

Robert Stevenson - Janney Montgomery Scott

Richard Anderson - SMBC

Operator

Good morning, ladies and gentlemen, and welcome to AvalonBay Communities Second Quarter 2020 Earnings Conference Call. [Operator Instructions]. Your host for today's conference is Mr. Jason Reilley, Vice President of Investor Relations. Mr. Reilley, you may begin your conference.

Jason Reilley

Thank you, Matt, and welcome to AvalonBay Communities Second Quarter 2020 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's 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.

And 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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