AvalonBay Communities, Inc. (AVB) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04261-7bf3-7360-ae5a-ac41ecfd9bd6 Created: 2026-08-27T08:41:25.199Z Duration: 2875.141 Channels: 1 00:00:01.280 -- 00:00:03.360 One on your telephone keypad. 00:00:03.600 -- 00:00:05.359 If your question has been answered or you 00:00:05.359 -- 00:00:07.759 wish to remove yourself from the queue, press 00:00:07.759 -- 00:00:08.799 2. 00:00:09.360 -- 00:00:11.599 If you are using a speaker phone, please 00:00:11.599 -- 00:00:14.480 lift the handset before asking your question. And 00:00:19.585 -- 00:00:21.824 Your host for today's conference call is Matthew 00:00:21.824 -- 00:00:24.305 Grover, Senior Director of Investor Relations. 00:00:24.544 -- 00:00:27.265 Mr. Grover, you may begin your conference call. 00:00:29.200 -- 00:00:32.479 Thank you, operator, and welcome to AvalonBay Communities 00:00:32.479 -- 00:00:36.160 first quarter twenty twenty six earnings conference call. 00:00:36.320 -- 00:00:38.880 Before we begin, please note that forward looking 00:00:38.880 -- 00:00:41.200 statements may be made during this discussion. 00:00:42.035 -- 00:00:44.355 There are a variety of risks and uncertainties 00:00:44.355 -- 00:00:46.595 associated with forward looking statements 00:00:46.755 -- 00:00:49.155 and actual results may differ materially. 00:00:49.475 -- 00:00:51.395 There is a discussion of these risks and 00:00:51.395 -- 00:00:54.675 uncertainties in yesterday afternoon's press release as well 00:00:54.675 -- 00:00:57.050 as in the company's Form 10 ks and 00:00:57.050 -- 00:00:59.450 Form 10 Q filed with the SEC. 00:00:59.850 -- 00:01:02.170 As usual, the press release does include an 00:01:02.170 -- 00:01:05.530 attachment with definitions and reconciliations of non GAAP 00:01:05.530 -- 00:01:07.3...