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Inland Real Estate Corp. Q1 2010 Earnings Call Transcript

Inland Real Estate Corp. (IRC)

Q1 2010 Earnings Conference Call

May 4, 2010 3:00 PM ET

Executives

Dawn Benchelt – IR

Mark Zalatoris – President & CEO

Scott Carr – President, Property Management

Analysts

RJ Milligan – Raymond James

Paul Adornato – BMO Capital Markets

Todd Thomas – KeyBanc Capital Markets

David Wigginton – Macquarie

Jeffrey Donnelly – Wells Fargo

Presentation

Operator

Good afternoon and welcome to the Inland Real Estate Corporation 2010 first quarter earnings conference call. All participants will be in listen-only mode.

(Operator Instructions)

I would now like to turn the conference over to Dawn Benchelt. Please go ahead.

Dawn Benchelt

Thank you for joining us for Inland Real Estate Corporation’s first quarter 2010 earnings conference call. The first quarter earnings release and supplemental financial information package have been filed with the SEC today, May 4, 2010, and posted to our website www.inlandrealestate.com. We’re hosting a live webcast of today’s call, which is also accessible on our website.

Before we begin, please note that today’s discussion contains forward-looking statements, which are management’s intentions, beliefs, expectations, representations, plans or predictions of the future. There are numerous risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. For a more complete discussion of these risks and uncertainties, please refer to the documents filed by the company with the SEC, specifically our Annual Report on Form 10-K for the year ended December 31st, 2009.

During the presentation, management may reference non-GAAP financial measures that we believe help investors better understand our results. Examples include but are not limited to funds from operations, EBITDA and same store net operating income. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures can be found on our earnings release and supplemental dated May 4, 2010.

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