Camden Property Trust

Good morning and welcome to Camden Property Trust's fourth quarter 2021 earnings conference call. I'm Kim Callahan, Senior Vice President of Investor Relations. Joining me today are Rick Campo, Camden's Chairman and Chief Executive Officer, Keith Oden, Executive Vice Chairman and President, and Alex Jessett, Chief Financial Officer. If you haven't logged in yet, you can do so now through the investors section of our website at camdenliving.com. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. And please note, this event is being recorded. Today's webcast will be available for replay this afternoon, and we are happy to share copies of our slides upon request. Before we begin our prepared remarks, I would like to advise everyone that we will be making forward-looking statements based on our current expectations and beliefs. These statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from expectations. Further information about these risks can be found in our filing with the SEC, and we encourage you to review them. Any forward-looking statements made on today's call represent management's current opinions, and the company assumes no obligation to update or supplement these statements because of subsequent events. As a reminder, Camden's complete fourth quarter 2021 earnings release is available in the investor section of our website at camdenliving.com, and it includes reconciliations to non-GAAP financial measures, which will be discussed on this call. We hope to complete our call within one hour, and we ask that you limit your questions to two, then rejoin the queue if you have additional items to discuss. If we are unable to speak with everyone in the queue today, we'd be happy to respond to additional questions by phone or email after the call concludes. At this time, I'll turn the call over to Rick Campo.

Good morning. The opening ceremonies for the 2022 Winter Olympics are today. And as you could tell from our on hold music and slideshow, Team Camden has embraced the Olympic spirit. The Olympic theme sent me down memory lane and into Camden's archives for the video I'm going to show you today. During the 2012 Summer Olympics, the U.S. women's swim team made a video using a very popular song titled Call Me Maybe. At Camden, we are proud to be a friendly and welcoming workplace. One unique way we show this is by greeting teammates with a hug instead of a handshake. Camden employees probably give and receive more hugs per day than any other workplace in America. So if you combine our hugging culture with the Olympic spirit, a Call Me Maybe video becomes a Hug Me Maybe video. And following the 2012 Olympics, this happened at our corporate office.

I sent my resume in, got interviewed by Odin. I got the job, what a win. And now I'm here to stay. My first day full of zeal. I can't believe this is real. I didn't know I would feel it, but now I'm here to stay. Nine values for Odin. Key strategies are showing. Greenberg feathers blow. And up is where we're going, baby. Hey, I just started. And this is crazy. Life started off right for you, baby Cause we're all family, so hug me, maybe Hey, I just started, and this is crazy But come on over and hug me, maybe And all the other reeds, they tried and chased me Won't get my number, where can they, baby? Our teams work to be best. There is just no contest. Camden is not like the rest. And now I'm here to stay. Fall frenzy, what a success. Performance with finesse. Wait, is that Rick in a dress? Oh yeah, I'm here to stay. Happy, we're all smiling. Career where we are styling. Seventh best and up we're flying. Next year we'll be number one, baby. Hey, I just started. And this is crazy. Before I started at this place I was just so sad Hey, I just started and this is crazy, but come on Bye. Bye. Bye.