 AvalonBay Communities, Inc. NYSE:AVB Q1 2022 Results Conference Call April 28, 2022 1:00 PM ET Company Participants Jason Reilley - Vice President of Investor Relations Benjamin Schall - President and Chief Executive Officer Matthew Birenbaum - Chief Investment Officer Kevin OShea - Chief Financial Officer Sean Breslin - Chief Operating Officer Conference Call Participants Nicholas Joseph - Citigroup Richard Hill - Morgan Stanley Stephen Sakwa - Evercore ISI Austin Wurschmidt - KeyBanc Capital Markets Chandni Luthra - Goldman Sachs John Pawlowski - Green Street Advisors Bradley Heffern - RBC Capital Markets Richard Anderson - SMBC Nikko Securities America Alexander Goldfarb - Piper Sandler Joshua Dennerlein - BofA Securities Operator Good day, ladies and gentlemen, and Welcome to AvalonBay Communities First Quarter 2022 Earnings Conference Call. As a reminder, todays conference is been recorded. 