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February 14, 2012 12:00 pm ET
John Lu - Vice President of Investment Management
James F. Flaherty - Chairman and Chief Executive Officer
Timothy M. Schoen - Chief Financial officer and Executive Vice President
Paul F. Gallagher - Chief Investment Officer and Executive Vice President
Adam T. Feinstein - Barclays Capital, Research Division
Bryan Sekino - Barclays Capital, Research Division
Dan Bernstein - Stifel, Nicolaus & Co., Inc., Research Division
Paul Morgan - Morgan Stanley, Research Division
Jeff Theiler - Green Street Advisors, Inc., Research Division
Ross T. Nussbaum - UBS Investment Bank, Research Division
Quentin Velleley - Citigroup Inc, Research Division
Michael Bilerman - Citigroup Inc, Research Division
James Milam - Sandler O'Neill + Partners, L.P., Research Division
Richard C. Anderson - BMO Capital Markets U.S.
Todd Stender - Wells Fargo Securities, LLC, Research Division
Omotayo T. Okusanya - Jefferies & Company, Inc., Research Division
Michael W. Mueller - JP Morgan Chase & Co, Research Division
Nicholas Yulico - Macquarie Research
Good day, ladies and gentlemen, and welcome to the Fourth Quarter 2011 HCP Earnings Conference Call. My name is Zenita and I will be your coordinator today. [Operator Instructions] Now I would like to turn the presentation over to your host for today's conference call, John Lu, Senior Vice President. You may go ahead, sir.
Thank you, Zenita. Good afternoon, and good morning. Some of the statements to be made during today’s conference call will contain forward-looking statements, including the statements about our guidance. These statements are made as of today’s date and reflect the company’s good faith, beliefs and best judgment based upon currently available information. The statements are subject to the risks, uncertainties and assumptions that are described from time to time in the company’s press releases and SEC filings.