Jason Reilley | Vice President, Investors Relations |
Tim Naughton | Chairman & Chief Executive Officer |
Kevin O'Shea | Chief Financial Officer |
Matt Birenbaum | Chief Investment Officer |
Sean Breslin | Chief Operating Officer |
Nick Joseph | Citi |
Rich Hightower | Evercore ISI |
Jeffrey Spector | Bank of America |
Nick Yulico | Scotiabank |
Rich Hill | Morgan Stanley |
Austin Wurschmidt | KeyBanc Capital Markets |
Drew Babin | Robert W. Baird |
John Kim | BMO Capital Markets |
Alexander Goldfarb | Sandler O'Neill |
Hardik Goel | Zelman & Associates |
Tayo Okusanya | Jefferies |
John Pawlowski | Green Street Advisors |
Good day, ladies and gentlemen, and welcome to AvalonBay Communities Fourth 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. [Operator Instructions] Your host for today's conference call is Jason Reilley, Vice President of Investors Relations. Mr.