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CommonWealth REIT's CEO Discusses Q2 2011 Results - Earnings Call Transcript

CommonWealth REIT (CWH)

Q2 2011 Earnings Call

August 3, 2011 1:00 PM ET

Executives

Timothy Bonang – VP, IR

Adam Portnoy – President and Managing Trustee

John Popeo – Treasurer and CFO

Analysts

Mitch Germain – JMP Securities

John Guinee – Stifel

Dave Rodgers – RBC Capital Markets

Jamie Feldman – Bank of America/Merrill Lynch

Michael Bilerman – Citi

Steve Swett – Morgan Keegan

Presentation

Operator

Welcome to the CommonWealth REIT’s Second Quarter Earnings Conference Call. At this time, all participants are in listen-only mode. Later we will conduct a question-and-answer session and instructions will be given at that time. (Operator Instructions) As a reminder, today’s conference is being recorded.

And I’d now like to turn the conference over to our first speaker, Vice President of Investor Relations, Mr. Tim Bonang. Please go ahead.

Timothy Bonang

Thank you. Joining me on today’s call are Adam Portnoy, President and Managing Trustee; and John Popeo, Chief Financial Officer. The agenda for today’s call includes a presentation by management, followed by a question-and-answer session. I would also note that the recording and retransmission of today’s conference call is strictly prohibited without prior written consent of CommonWealth.

Before we begin today’s call, I’d like to read our Safe Harbor statement. Today’s conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on CommonWealth’s present beliefs and expectations as of today, August 3, 2011.

The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today’s conference call, other than through filings with the Securities and Exchange Commission or SEC regarding this reporting period. In addition, this call may contain non-GAAP numbers, including funds from operations or FFO, normalized FFO and cash available for distribution or CAD.

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