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Apartment Investment & Management's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Apartment Investment & Management (AIV)

Q4 2011 Earnings Call

February 08, 2012 1:00 pm ET

Executives

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

Terry Considine - Founder, Executive Chairman, and Chief Executive Officer

Keith Kimmel - Executive Vice President of Property Operations

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

John Bezzant - Executive Vice President of Transactions

Daniel S. Matula - Executive Vice President of Redevelopment and Construction Services

Analysts

Eric Wolfe - Citigroup Inc, Research Division

Karin A. Ford - KeyBanc Capital Markets Inc., Research Division

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

Swaroop Yalla - Morgan Stanley, Research Division

David Bragg - Zelman & Associates, Research Division

Jana Galan - BofA Merrill Lynch, Research Division

Robert Stevenson - Macquarie Research

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

Buck Horne - Raymond James & Associates, Inc., Research Division

Michael Bilerman - Citigroup Inc, Research Division

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

Presentation

Operator

Good afternoon, and welcome to the Fourth Quarter 2011 Apartment Investment & Management Company Earnings Conference Call. [Operator Instructions] Please also note that today's event is being recorded. I would now like to turn the conference call over to your presenter, Ms. Lisa Cohn, Executive Vice President and General Counsel. Ms. Cohn, please go ahead.

Lisa R. Cohn

Thank you, Jamie. Good day. During this conference call, the forward-looking statements we make are based on management's judgments, including projections related to 2012 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 the full earnings release published on Aimco's website.

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