Equity Residential (EQR) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.497 Good day, and welcome to the Equity Residential Third Quarter 2025 00:00:06.497 -- 00:00:08.939 Earnings Conference Call 00:00:08.939 -- 00:00:12.643 and Webcast. Today's conference is being recorded. 00:00:12.643 -- 00:00:15.605 At this time, I would like to turn the conference over to Mr. 00:00:15.605 -- 00:00:19.767 Marty McKenna. Please go ahead, sir. 00:00:20.450 -- 00:00:24.353 Good morning, and thanks for joining us to discuss Equity Residential's Third Quarter 00:00:24.353 -- 00:00:29.418 2025 results. Our featured speakers today are Mark Correll, our President and 00:00:29.418 -- 00:00:34.968 CEO, Michael Manelis, our chief operating officer, and Brett McLeod, our chief CFO. 00:00:34.968 -- 00:00:39.854 Bob Gershanna, our chief investment officer, is here with us as well for the Q&A. 00:00:39.854 -- 00:00:44.319 Our earnings release is posted in the investor section of equityapartments.com. 00:00:44.319 -- 00:00:48.223 Please be advised that certain matters discussed during this conference call may constitute 00:00:48.223 -- 00:00:51.988 forward-looking statements within the meaning of the federal securities laws. 00:00:51.988 -- 00:00:56.123 These forward-looking statements are subject to certain economic risks and uncertainties. 00:00:56.123 -- 00:01:00.267 The company assumes no obligation to update or supplement these statements that become 00:01:00.267 -- 00:01:05.092 untrue because of subsequent events. Now, I will turn the call over to Mark Burrell. 00:01:05.092 -- 00:01:07.774 Thank you, Marty. Good morning, and thanks for joining us today. 00:01:07.774 -- 00:01:12.899 I will lead us off with some broader commentary, then Michael Manelis will provide color 00:01:12.899 -- 00:01:16.843 on our third quarter revenue p...