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Highwoods Properties, Inc. Q1 2010 Earnings Call Transcript

Highwoods Properties, Inc. (HIW)

Q1 2010 Earnings Call Transcript

April 29, 2010 11:00 am ET


Tabitha Zane – VP, IR and Corporate Communications

Ed Fritsch – President and CEO

Mike Harris – EVP and COO

Terry Stevens – SVP and CFO


Jana Galan [ph] – Bank of America/Merrill Lynch

Chris Caton – Morgan Stanley

John Stewart – Green Street Advisors

Young Ku – Wells Fargo

David Nebinski – Robert Baird

Suzanne Kim – Credit Suisse

Mike Carroll – RBC Capital Markets



Welcome to the Highwoods Properties first quarter 2010 conference call. During the presentation, all participants will be in a listen-only mode. Afterwards we will conduct a question-and-answer session. (Operator instructions) As a reminder, this conference is being recorded. I would now like to turn the conference over to Tabitha Zane, Vice President, Investor Relations. Please go ahead, ma'am.

Tabitha Zane

Thank you. Good morning, everybody. On the call today are Ed Fritsch, President and Chief Executive Officer; Terry Stevens, Chief Financial Officer; and Mike Harris, Chief Operating Officer. If anyone has not received a copy of yesterday’s press release or the supplemental, please visit our website at, or call 919-431-1529, and we will e-mail copies to you. Please note, in yesterday’s press release we have announced the planned dates for our financial releases for the rest of this year. Also, following the conclusion of today’s conference call, we will post senior management’s formal remarks on the Investor Relations section of our website under the presentations section.

Before we begin, I would like to remind you that this call will include forward-looking statements concerning the company's operations and financial condition, including estimates and effects of asset dispositions and acquisitions; the cost and timing of development projects; the terms and timings of anticipated financings, joint ventures, rollover rents, occupancy, revenue trends, and so forth.

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