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Colonial Properties Trust's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Colonial Properties Trust (CLP)

Q1 2012 Earnings Call

April 26, 2012 2:00 pm ET

Executives

Jerry A. Brewer – Executive Vice President - Finance

Thomas H. Lowder – Chairman and Chief Executive Officer

C. Reynolds Thompson III – President and Chief Financial Officer

Paul F. Earle – Chief Operating Officer

Analysts

Jana Galan – Bank of America/Merrill Lynch

Eric Wolfe – Citigroup

Rich Anderson – BMO Capital Markets

Michael Salinsky – RBC Capital Markets Equity Research

Andrew McCulloch – Green Street Advisors, Inc.

Jeffrey J. Donnelly – Wells Fargo Advisors LLC

Derek Bower – UBS

Taylor Schimkat – KBW

Richard Anderson – BMO Capital Markets

Presentation

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Colonial Properties Trust First Quarter 2012 Conference Call. During the presentation, all participants will be in a listen-only mode. Afterwards, we will conduct a question-and-answer session. (Operator Instructions) As a reminder, this conference is being recorded Thursday, April 26, 2012.

I would now like to turn the conference over to Jerry Brewer, Executive Vice President of Finance at Colonial Properties Trust. Please go ahead, sir.

Jerry A. Brewer



Thank you, Alan, and welcome to everyone joining us today. We released our earnings this morning via Business Wire. A copy of this earnings release may be found on our website.

Let me remind you that much of the information we discuss on this call, including answers we give in response to your questions, may include forward-looking statements regarding our beliefs and current expectations with respect to various matters. These estimates are based on a number of assumptions, any of which, unrealized, could adversely affect your accuracy. Please see our latest SEC filings for the detail and explanation of risk. Any non-GAAP financial measures we discuss are reconciled to the closest GAAP measures and filings that can be found on our website.

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