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Liberty Property Trust's CEO Discusses Q1 2012 Results - Earnings Call Transcript

BY Seeking Alpha | 04/24/12 - 05:21 PM EDT

Stock quotes in this article: LRY

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Liberty Property Trust (LRY)

Q1 2012 Earnings Call

April 24, 2012 01:00 pm ET

Executives

Jeanne Leonard - IR

Bill Hankowsky - Chairman, President & CEO

George Alburger - EVP & CFO

Mike Hagan - EVP & CIO

Rob Fenza - EVP & COO

Analysts

Blaine Heck - Wells Fargo

Joshua Attie - Citi

Alex Goldfarb - Sandler O'Neill

Jordan Sadler - KeyBanc

Ross Nussbaum - UBS

Gabe Hilmoe - UBS

John Guinee - Stifel Nicolaus

John Stewart - Green Street Advisors

Tom Truxillo - Bank of America

Vincent Chao - Deutsche Bank

Presentation

Operator

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Good afternoon. My name is Michelle and I will be your conference operator today. At this time, I would like to welcome everyone to the Liberty Property Trust first quarter 2012 earnings 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 over to Jeanne Leonard. Please go ahead.

Jeanne Leonard

Thank you, Michelle and thanks everybody for tuning in today. You are going to hear prepared remarks from Chief Executive Office, Bill Hankowsky; Chief Financial Officer, George Alburger; Chief Investment Officer, Mike Hagan; and Chief Operating Officer, Rob Fenza.

Liberty issued a press release on our results this morning, you can access this in the corresponding supplemental information package in the Investor section of Liberty’s website at www.libertyproperty.com. In both documents, you will find a reconciliation of non-GAAP financial measures we reference today to GAAP measures.

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