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Acadia Realty Trust Q2 2010 Earnings Call Transcript

Acadia Realty Trust (AKR)

Q2 2010 Earnings Call Transcript

July 28, 2010 12:00 pm ET

Executives

Kenneth Bernstein – President and CEO

Jon Grisham – SVP and Chief Accounting Officer

Michael Nelsen – SVP and CFO

Analysts

Christy McElroy – UBS

Todd Thomas – KeyBanc Capital Markets

Quentin Velleley – Citi

Michael Mueller – J.P. Morgan

Craig Schmidt – Bank of America/Merrill Lynch

Sheila McGrath – KBW

Andrew DiZio – Janney Montgomery Scott

Rich Moore – RBC Capital Markets

Ross Nussbaum – UBS

Presentation

Operator

Good day, ladies and gentlemen. And welcome to the second quarter 2010 Acadia Realty Trust earnings conference call. My name is Alicia, and I’ll be your coordinator for today. At this time, all participants are in listen-only mode. We’ll facilitate the question-and-answer session towards the end of this conference. (Operator Instructions)

Please be aware that statements made during the call that are not historical may be deemed forward looking statements within the meaning of the Securities and Exchange Act of 1934. Actual results may differ materially from those anticipated by such forward looking statements. Due to the variety of risks and uncertainties which are disclosed in the company's most recent Form 10-K and other periodic filings with the SEC. Forward looking statements speak only as of the date of this call and the company undertakes no duty to update them.

During this call management may refer to certain non-GAAP financial measures including funds from operations and net operating income. Please see Acadia's earnings press release posted on the website for reconciliation of these non-GAAP financial measures with the most directly comparable GAAP financial measures.

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