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Washington Real Estate Investment's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Washington Real Estate Investment Trust (WRE)

Q1 2012 Results Earnings Call

April 27, 2012 11:00 AM ET

Executives

Kelly Shiflett – Director, Finance

Skip McKenzie – President and Chief Executive Officer

Bill Camp – Executive Vice President and CFO

Laura Franklin – EVP and Chief Accounting and Administrative Officer

Mike Paukstitus – Senior Vice President, Real Estate

Analysts

John Guinee – Stifel Nicolaus

Michael Knott – Green State Advisors

Dave Rodgers – RBC Capital Markets

Mitch Germain – JMP Securities

Dave AuBuchon – Robert W. Baird

Michael Knott – Green Street Advisors

Bill Crow – Raymond James

Presentation

Operator

Welcome to the Washington Real Estate Investment Trust First Quarter 2012 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 www.writ.com. Our first 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 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.

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