Elme Communities (ELME) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Elm Community Second Quarter 2025 Earnings Conference Call. As a reminder, today's call is being recorded. At this time, I'd like to turn the call over to Amy Hopkins, Vice President, Investor Relations. Amy, please go ahead. Good morning, and thank you for joining our Second Quarter Earnings Call. Today's call will be available for replay on the Investors section of our website. Statements made during this call may constitute forward-looking statements that involve known and unknown risks and uncertainties, which may cause actual results to differ materially, and we undertake no duty to update them as actual events unfold. We refer to certain of these risks in our SEC filings. Reconciliations of the GAAP and non-GAAP financial measures discussed on this call are available in our most recent earnings press release and financial supplement, which was distributed yesterday and can be found on the investors' page of our websites. Presenting on the call today will be Paul McDermott, our CEO, Steve Freistadt, our CFO, Tiffany Butcher, our COO, and Drew Hammond, our CAO and treasurer. And with that, I will turn the call over to Paul. Thanks, Amy. Welcome, everyone, and thank you for joining us this morning. We're pleased to report another solid quarter for Elm. reflecting both the stability of our portfolio and the continued execution of our operating strategy. Our second quarter results are detailed in our earnings release and associated filings. And in addition to discussing our results, I want to spend time today discussing the announcement regarding our strategic alternatives review process. Steve will provide additional financial details about the proposed portfolio sale transaction and future asset sales, and Tiffany will cover our operating trends and...