Jason Reilley | AvalonBay Communities, Inc. |
Timothy J. Naughton | AvalonBay Communities, Inc. |
Sean J. Breslin | AvalonBay Communities, Inc. |
Kevin P. O'Shea | AvalonBay Communities, Inc. |
Matthew H. Birenbaum | AvalonBay Communities, Inc. |
Nicholas Joseph | Citigroup Global Markets, Inc. |
Rich Allen Hightower | Evercore ISI |
Drew T. Babin | Robert W. Baird & Co., Inc. |
Juan C. Sanabria | Bank of America Merrill Lynch |
Austin Wurschmidt | KeyBanc Capital Markets, Inc. |
John Richard Pawlowski | Green Street Advisors LLC |
John Piljung Kim | BMO Capital Markets (United States) |
John William Guinee | Stifel, Nicolaus & Co., Inc. |
Dennis Patrick McGill | Zelman Partners LLC |
Wes Golladay | RBC Capital Markets LLC |
Ronald Kamdem | Morgan Stanley & Co. LLC |
Richard Anderson | Mizuho Securities USA LLC |
Omotayo Tejumade Okusanya | Jefferies LLC |
Good morning, ladies and gentlemen, and welcome to the AvalonBay Communities Second Quarter 2018 Earnings Conference Call. At this time all participants are in a listen-only mode.
Following remarks by the company, we will conduct a question-and-answer session.
Your host for today's conference call is Mr. Jason Reilley, Vice President of Investors Relations.