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April 26, 2012 11:00 AM ET
Michelle Layne - IR
Roger Waesche - President and CEO
Steve Riffee - EVP and CFO
Steve Budorick - EVP and COO
Craig Mailman – KeyBanc Capital Markets
Michael Knott – Green Street Advisors
Brock Stevenson - Macquarie
Rich Anderson - BMO Capital Markets
Young Hu - Wells Fargo
George Auerbach - ISI Group
Welcome to the Corporate Office Properties Trust First Quarter 2012 Earnings Conference Call. As a reminder, today's call is being recorded.
At this time, I will turn the call over to Michelle Layne of the COPT's Investor Relations. Ms. Layne, please go ahead.
Thank you, Stephanie. Good morning and welcome to COPT's conference call to discuss the Company's first quarter 2012 results. With me today are Roger Waesche, President and CEO; Steve Riffee, Executive Vice President and CFO; Steve Budorick, Executive Vice President and COO; and Wayne Lingafelter, Executive Vice President of Development & 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.
Before turning the call over to management, let me remind all of you that certain statements made during this call regarding anticipated operating results and future events are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although such statements and projections are based upon what we believe to be reasonable assumptions, actual results may differ from those projected.