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Corporate Office Properties Trust's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Corporate Office Properties Trust (OFC)

Q4 2011 Earnings Call

February 9, 2012 11:00 am ET

Executives

Stephanie Krewson - VP, IR

Rand Griffin - CEO

Roger Waesche - President

Steve Riffee - EVP & CFO

Steve Budorick - EVP & COO

Wayne Lingafelter - President, COPT Development & Construction Services

Analysts

Craig Mailman - KeyBanc Capital Markets

Michael Knott - Green Street Advisors

Joshua Attie - Citi

Dave Rogers - RBC Capital

John Guinee - Stifel

Jamie Feldman - Bank of America/Merrill Lynch

Brendan Maiorana - Wells Fargo

Rich Anderson - BMO Capital Markets

Paul D. Puryear - Raymond James

Chris Lucas - Robert W. Baird

Presentation

Operator

Welcome to the Corporate Office Properties Trust fourth quarter and yearend 2011 earnings conference call. As a reminder, today’s conference is being recorded. At this time, I will turn the call over to Stephanie Krewson, the company’s Vice President of Investor Relations. Ms. Krewson, please go ahead.

Stephanie Krewson

Thank you, Laura and good morning and welcome to COPT’s conference call to discuss the company’s fourth quarter and yearend 2011 results. With me today are Rand Griffin, COPT’s CEO; Roger Waesche, our President; Steve Riffee our Executive Vice President and CFO; Steve Budorick our EVP and COO; and Wayne Lingafelter, EVP of Development and Construction.

As management discusses guidance for GAAP and non-GAAP measures you will find a reconciliation of such financial measures in the press release issued earlier this morning and under the Investor Relations section of our website. At the conclusion of management’s remarks, the call will be opened up for your questions.

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