Camden Property Trust

Good morning and welcome to Camden Property Trust Second Quarter 2022 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 Jesset, Chief Financial Officer. Today's event is being webcast through the Investors section of our website at camdenliving.com and a replay will be available this afternoon. We will have a slide presentation in conjunction with our prepared remarks, and those slides will also be available on our website later today or by email upon request. If you are joining us by phone and need assistance during the call, please signal a conference specialist by pressing the star key followed by zero. All participants will be in listen-only mode during the presentation with an opportunity to ask questions afterward. And please note this event is being recorded. 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 risk uncertainties that could cause actual results to differ materially from expectations. Further information about these risks can be found in our filings 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 second quarter 2022 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.

The theme for today's on hold music was together, which will resonate with Team Camden. After two years of virtual meetings, This year, Camden was able to be together for most of our important cultural events. In May, we held our annual Leadership Conference, which brings together 400-plus Camden leaders for three days of learning, reconnecting, and fun. A lot has changed in the world since May, which serves as a good reminder that real estate and financial markets will rise and fall, but companies with a great culture will thrive in all conditions. The following highlight reel from our Leadership Conference is an inside baseball view of a culture that has earned a place on Fortune's 100 Best Companies list for 15 consecutive years.

I'm clumsy and my head's a mess Cause you got me growing taller every day We're giants in a little man's world My heart is pumping up so big that it can burst I'm trying so hard not to let it show I'm stepping on buildings, cars and boats. I swear I could touch the sky. Oh, I'm ten feet tall. Oh, I'm ten feet tall. Be careful, so don't be afraid. You're safe here, you know. These odds won't let you break. I've put up a sign in the clouds. They all know that we ain't ever coming down. I'm trying so hard not to let it show. But you got me feeling like I'm stepping on buildings, cars, and boats. I swear I am. Make me what I never was. You build me up from nothing into something. Yeah, something from the dark. Been trying so hard not to let it show. But you got me feeling like I'm stepping on buildings, cars and boats.