Armada Hoffler Properties, Inc.

© transcript Emily Beynon Thank you. Thank you. good morning ladies and gentlemen and welcome to the armada hoffler third quarter 2024 earnings call conference call at this time all lines are in listen only mode following the presentation we will conduct a question and answer session if at any time during this call you require immediate assistance please press star 0 for the operator this call is being recorded on tuesday november 5th 2024. i would now like to turn the call Over to Chelsea Forrest, Vice President of Investor Relations. Please go ahead.

Good morning, and thank you for joining Armada Hostler's third quarter 2024 earnings conference call and webcast. On the call this morning, in addition to myself, is Lou Haddad, Chairman and CEO, Sean Tibbetts, President and COO, and Matthew Barnes-Smith, CFO. The press release announcing our third quarter earnings along with our supplemental package were distributed yesterday afternoon. A replay of this call will be available shortly after the conclusion of the call through December 30, 2024. The numbers to access the replay are provided in the earnings press release. For those who listened to the rebroadcast of this presentation, we remind you that the remarks made herein are as of today, November 5, 2024, and will not be updated subsequent to this initial earnings call. During this call, we made forward-looking statements, including statements related to the future performance of our portfolio, our development pipeline, the impact of acquisitions and dispositions, our mezzanine program, our construction business, our liquidity position, our portfolio performance, and financing activities, as well as comments on our guidance and outlook. Listeners are cautioned that any forward-looking statements are based upon management's beliefs, assumptions, and expectations, taking into account information that is currently available. These beliefs, assumptions, and expectations may change as a result of possible events or factors, not all of which are known and many of which are difficult to predict and generally beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations, and we advise listeners to review the forward-looking statement disclosure in our press release that we distributed yesterday and the risk factors disclosed in the documents we have filed with or furnished to the SEC. We will also discuss certain non-GAAP financial measures, including but not limited to FFO and normalized FFO. Definitions of these non-GAAP measures, as well as reconciliations to the most comparable GAAP measures, are included in the quarterly supplemental package, which is available on our website at armadahoffler.com. I'll now turn the call over to Lou.

Good morning, everyone. Thank you for joining us today. I want to take a moment to update you on the progress of our succession plan that was announced nearly a year ago. The transition to Sean as the incoming CEO is on schedule and nearly complete. Early next year, I will officially pass the torch, and I look forward to supporting Sean, Matt, and the rest of the team as executive chairman. This will be my final earnings call as CEO, and I couldn't be more excited for the future of Armada Hoffler. This transition is more than a new leader at the helm. The company has been moving towards a stronger balance sheet, higher emphasis on property NOI growth, and less reliance on fee income than at any time since our IPO. I want to thank our shareholders and, most importantly, the Armada Hoffler team for their continuous dedication to our company. I look forward to sharing our results today and discussing the bright path ahead. I will now turn the call over to Sean.