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Liberty Property Trust's CEO Hosts 2012 Earnings Guidance Call - Event Transcript

Liberty Property Trust (LRY)

2012 Earnings Guidance Call

December 13, 2011 11:00 a.m. ET


Jeanne Leonard - VP, Corporate Communications

William Hankowsky - Chairman, President and CEO

George Alburger - EVP, CFO and Treasurer

Michael Hagan - SVP, Acquisitions and CIO

Robert Fenza – EVP and COO


Ki Bin Kim - Macquarie Equities

Josh Attie - Citigroup

Michael Bilerman - Citigroup

Brendan Maiorana - Wells Fargo Securities

Sloan Bohlen - Goldman Sachs

John Stewart - Green Street Advisors

Dan Donlan - Janney Montgomery Scott



Good afternoon. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to the Liberty 2012 Earnings Guidance Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions). I would now like to turn the call to Ms. Jeanne Leonard. You may begin your conference.

Jeanne Leonard

Thank you, Sarah. And thank you everyone for tuning in today. You are going to hear prepared remarks from Chief Executive Officer, Bill Hankowsky; Chief Financial Officer, George Alburger and Chief Investment Officer, Mike Hagan. And our Chief Operating Officer, Rob Fenza is also here should you have any market or operations questions.

Liberty issued a press release detailing our 2012 guidance this morning. You can access this in the investors section of Liberty’s website. In this document, you will also find a reconciliation of non-GAAP financial measures to GAAP measures.

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