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Apartment Investment & Management's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Apartment Investment & Management (AIV)

Q3 2011 Earnings Call

October 28, 2011 1:00 pm ET

Executives

Lisa R. Cohn - Executive Vice President, General Counsel and Secretary

John Bezzant - Executive Vice President of Transactions

Keith Kimmel - Executive Vice President of Property Operations

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

Ernest M. Freedman - Chief Financial Officer and Executive Vice President

Analysts

Derek Bower - UBS Investment Bank, Research Division

Andrew McCulloch - Green Street Advisors, Inc., Research Division

Eric Wolfe - Citigroup Inc, Research Division

Ross T. Nussbaum - UBS Investment Bank, Research Division

Jana Galan - BofA Merrill Lynch, Research Division

Richard C. Anderson - BMO Capital Markets U.S.

David Bragg - Zelman & Associates, Research Division

Michael J. Salinsky - RBC Capital Markets, LLC, Research Division

Swaroop Yalla - Morgan Stanley, Research Division

Haendel Emmanuel St. Juste - Keefe, Bruyette, & Woods, Inc., Research Division

Robert Stevenson - Macquarie Research

Presentation

Operator

Good day, and welcome to the Third Quarter 2011 Apartment Investment and Company Earnings Conference Call and Webcast. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Ms. Lisa Cohn, Executive Vice President and General Counsel. Ms. Cohn, please go ahead.

Lisa R. Cohn

Thank you. Good day. During this conference call, the forward-looking statements we make are based on management's judgments, including projections related to 2011 results. These statements are subject to certain risks and uncertainties, a description of which is 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 the full earnings release published on Aimco's website.

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