Camden Property Trust

Good morning and welcome to Camden Property Trust Third 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 investor sections 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 risks and 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 third quarter 2022 earnings release is available in the Investors 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 theme of our on hold music today was thank you earlier this year our board of trust managers wanted to send a message of thanks to team camden for their unwavering commitment to our customers each other and our shareholders throughout the pandemic and beyond the idea resulted in this video that was shared with all camden teammates during our annual 15 city awards ceremony tour

Hi, Camden. Happy Ace Award Day. Oh, Ace Award Day is the most fabulous day of the year for us Camdenites. I am here live in Houston, Texas at the Camden Corporate Offices. And not only is it Ace Award Day, today is another special day. For the first time in two years, our Board of Trust Managers are meeting in person for their regular meeting, not virtually, in person. And guess what else? Camden has added another board member, and today is their first day on the job. Rick and Keith are on a Teams call, and they're going to be joining us shortly. But while we wait, why don't we go into the boardroom and say hello to our biggest fans. Come on, follow me.