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Apartment Investment & Management's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Apartment Investment & Management (AIV)

Q2 2011 Earnings Call

July 29, 2011 1:00 pm ET

Executives

Lisa Cohn - Executive Vice President, General Counsel and Secretary

Daniel Matula - Executive Vice President of Redevelopment and Construction Services

John Bezzant - Executive Vice President of Transactions

Keith Kimmel - Executive Vice President of Property Operations

Ernest Freedman - Chief Financial Officer and Executive Vice President

Terry Considine - Founder, Executive Chairman, Chief Executive Officer and Chief Eecutive Officer of AIMCO-GP Inc

Analysts

Swaroop Yalla

Derek Bower - UBS Investment Bank

Jana Galan

Richard Anderson - BMO Capital Markets U.S.

Eric Wolfe

Michael Salinsky - RBC Capital Markets, LLC

Buck Horne - Raymond James & Associates, Inc.

Presentation

Operator

Good afternoon, and welcome to the Second Quarter 2011 Apartment Investment and Management Company's Earnings Conference Call and Webcast. [Operator Instructions] Please note that today's event is being recorded. At this time, I would like to turn the conference call over to Ms. Lisa Cohn, Executive Vice President and General Counsel. Ma'am, please go ahead.

Lisa Cohn

Thank you, Jamie. Good day. During this conference call, the forward-looking statements we make are based on management's judgment, including projections related to 2011 results. These statements are subject to certain risks and uncertainties, a description of which can be found in our SEC filings. Actual results may differ materially from what may be discussed today. Also, we will discuss certain non-GAAP financial measures such as funds from operations. These are defined and are reconciled to the most comparable GAAP measures in the supplemental information that is part of our full earnings release published on Aimco's website.

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