Equity Residential (EQR) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.554 Stand by. Good 00:00:02.554 -- 00:00:07.859 day and welcome to the Equity Residential 1Q2026 Earnings Conference Call 00:00:07.859 -- 00:00:12.204 and Webcast. Today's conference is being recorded. 00:00:12.204 -- 00:00:15.847 At this time, I would like to turn the conference over to Marty McKenna. 00:00:15.847 -- 00:00:18.448 Please go ahead. 00:00:20.713 -- 00:00:24.597 Good morning and thanks for joining us to discuss Equity Residential's first quarter 00:00:24.597 -- 00:00:30.001 2026 results. Our featured speakers today are Mark Perel, our President and CEO, 00:00:30.001 -- 00:00:32.965 and Michael Manelis, our Chief Operating Officer. 00:00:32.965 -- 00:00:37.351 Brett McLeod, our TFO, and Bob Garachana, our Chief Investment Officer, are here with 00:00:37.351 -- 00:00:43.796 us as well for the Q&A. Our earnings release is posted in the investor section of equityapartments.com. 00:00:43.899 -- 00:00:47.884 Please be advised that certain matters discussed during this conference call may constitute 00:00:47.884 -- 00:00:52.050 forward-looking statements within the meaning of the federal securities laws. 00:00:52.050 -- 00:00:56.343 These forward-looking statements are subject to certain economic risks and uncertainties. 00:00:56.343 -- 00:01:00.428 The company assumes no obligation to update or supplement these statements that become 00:01:00.428 -- 00:01:05.575 untrue because of subsequent events. Now I will turn the call over to Mark Perel. 00:01:05.575 -- 00:01:09.540 Thank you, Marty. Good morning, and thank you all for joining us today to discuss our 00:01:09.540 -- 00:01:14.546 first quarter 2026 results. I will start us off, then Michael Manelis, 00:01:14.546 -- 00:01:18.551 our Chief Operating Officer, will speak to our...