Inland Real Estate Corp. (IRC)
Q1 2010 Earnings Conference Call
May 4, 2010 3:00 PM ET
Dawn Benchelt – IR
Mark Zalatoris – President & CEO
Scott Carr – President, Property Management
RJ Milligan – Raymond James
Paul Adornato – BMO Capital Markets
Todd Thomas – KeyBanc Capital Markets
David Wigginton – Macquarie
Jeffrey Donnelly – Wells Fargo
Good afternoon and welcome to the Inland Real Estate Corporation 2010 first quarter earnings conference call. All participants will be in listen-only mode.
I would now like to turn the conference over to Dawn Benchelt. Please go ahead.
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.