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November 2, 2011 12:00 pm ET
Constance Moore - President & CEO
John Schissel - EVP & CFO
Scott Reinert - EVP, Operations
Steve Dominiak - EVP & CIO
Swaroop Yalla - Morgan Stanley
Jana Galan - Bank of America-Merrill Lynch
Dave Bragg - Zelman & Associates
Eric Wolfe - Citi
Jay Habermann - Goldman Sachs
Michael Salinsky - RBC Capital Markets
Andrew McCulloch - Green Street Advisors
Rich Anderson - BMO Capital Markets
Seth Laughlin - ISI International Strategy & Investment
Good morning, my name is Nicole and I will be your conference operator today. At this time, I would like to welcome everyone to the BRE Properties third quarter 2011 earnings release conference call. (Operator Instructions). I would now like to turn the call over to Ms. Constance Moore, President and Chief Executive Officer. Please go ahead.
Thank you, Nicole and good morning, everyone. Thank you for joining BRE's third quarter 2011 earnings call. If you are joining us on the Internet today, feel free to mail your questions to firstname.lastname@example.org at any time during this morning's call.
Before we begin our conversation, I'd like to remind listeners that our comments and our answers to your questions may include both historical and future references. We do not make statements we do not believe are accurate and fairly represent BRE's performance and prospects, given everything that we know today. But when we use words like expectation, projections or outlook, we are using forward-looking statements, which, by their very nature, are subject to risks and uncertainties. We encourage listeners to read BRE's Form 10-K for a full description of potential risk factors and our 10-Q for interim updates.