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Washington Real Estate Investment Trust's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Washington Real Estate Investment Trust (WRE)

Q4 2011 Earnings Call

February 17, 2012 11:00 a.m. ET


Kelly Shiflett - Director of Finance

Skip McKenzie - President and Chief Executive Officer

Bill Camp - Executive Vice President and Chief Financial Officer

Laura Franklin - Executive Vice President, Accounting and Administration and Corporate Secretary

Mike Paukstitus - Senior Vice President, Real Estate


Michael Knott - Green Street Advisors

Erin Aslakson - Stifel Nicolaus

Mitch Germain - JMP Securities

Chris Lucas - Robert W. Baird



Welcome to the Washington Real Estate Investment Trust Fourth Quarter 2011 Earnings Conference Call. As a reminder, today's call is being recorded. Before turning over the call to the company's President and Chief Executive Officer, Skip McKenzie, Kelly Shiflett, Director of Finance will provide some introductory information. Ms. Shiflett, please go ahead.

Kelly Shiflett

Thank you, and good morning everyone. After the market closed yesterday, we issued our earnings press release. If there is anyone on the call who would like a copy of the release, please contact me at 301-984-9400, or you may access the document from our website at Our fourth quarter supplemental financial information is also available on our website. Our conference call today will contain financial measures such as Core FFO and NOI that are non-GAAP measures, and in accordance with Reg G, we have provided a reconciliation to those measures in the supplemental.

The per share information being discussed on today's call is reported on a fully diluted share basis. Please bear in mind that certain statements during this call are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. We provide a detailed discussion of these risks from time to time in our filings with the SEC, please refer to pages 7 to 14 of our Form 10-K for a complete risk factor disclosure.

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