Camden Property Trust

good morning and welcome to camden property trust's fourth quarter 2023 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 odin executive vice chairman and president and alex jessett 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 this 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 fourth quarter 2023 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 would like to respect everyone's time and complete our call within one hour, so please limit your initial question to one, 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 our Unhold music today was friends and teammates helping each other. The verse from the theme song of the popular TV show Friends sums it up nicely. I'll be there for you when the rain starts to pour. I'll be there for you like I've been there before. I'll be there for you because you've been there for me too. One of Camden's nine core values is team players. We recognize our employees who live Camden's values through our annual ACE Awards program. Each year, Camden employees nominate their peers and co-workers for an ACE Award. And from our 1,700 employees, 14 are selected to be national ACE winners. Those 14 individuals are recognized and celebrated at our National Leadership Meeting. Being selected as a National ACE Award winner is the highest honor that a Camden Associates can achieve and represents the best of the best from Team Camden. I want to introduce you to one of our National ACE Award winners for 2023, Santos Castillo.

And I'm the groundskeeper at Camden Royal Oaks. I grew up in the small town of El Carmen, Salvador. I spent the majority of the time with my parents where I found my love for fishing. Though I had a very limited education, I had a very healthy youth. I moved to Houston 37 years ago where I met my wife 12 years later. Today my wife, Magdalena, and I have been married for 23 years. We don't have any children or pets, though having each other is enough. To relax, I like to watch soccer games. I love Barcelona. After the games, I head to the piano and relax. Prior to Camden, I worked as a cook for two years and cooked Chinese food. After that, I was a porter until I heard about Camden from the wife of a friend of mine. They told me about the opportunity, and the same day I came to the interview, I did my application and immediately started working. I have been happily working for Camden as a groundskeeper for 30 years and have been at Camden Royal Oaks for the last 11 years. I'm very proud to know that Camden recognizes their employees and their efforts. I put a lot of value into my work and you won't find one piece of trash anywhere in my community. I'm proud that Camden sees the work that I do. I enjoy being part of a team and seeing that everyone works together. I truly love my job and coming to work every day. Thank you.