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May 01, 2012 12:00 pm ET
John Lu - Vice President of Investment Management
James F. Flaherty - Chairman and Chief Executive Officer
Timothy M. Schoen - Chief Financial Officer and Executive Vice President
Paul F. Gallagher - Chief Investment Officer and Executive Vice President
Adam T. Feinstein - Barclays Capital, Research Division
Derek Bower - UBS Investment Bank, Research Division
Wilfredo Guilloty - Morgan Stanley, Research Division
James Milam - Sandler O'Neill + Partners, L.P., Research Division
Jeff Theiler - Green Street Advisors, Inc., Research Division
Dan Bernstein - Stifel, Nicolaus & Co., Inc., Research Division
Richard C. Anderson - BMO Capital Markets U.S.
Quentin Velleley - Citigroup Inc, Research Division
Jana Galan - BofA Merrill Lynch, Research Division
Nicholas Yulico - Macquarie Research
Todd Stender - Wells Fargo Securities, LLC, Research Division
Molly McCartin - JP Morgan Chase & Co, Research Division
Philip J. Martin - Morningstar Inc., Research Division
Karin A. Ford - KeyBanc Capital Markets Inc., Research Division
Good day, ladies and gentlemen, and welcome to the First Quarter 2012 HCP Earnings Conference Call. My name is Anisa, and I will be you coordinator today. [Operator Instructions] Now, I would like to turn the presentation over to your host for today's conference call, John Lu, Senior Vice President. You may go ahead, sir.
Thank you, Anisa. Good afternoon and good morning. Some of the statements made during today’s conference call will contain forward-looking statements, including the statements about our guidance. These statements are made as of today’s date and reflect the company’s good faith, beliefs and best judgment based upon currently available information. The statements are subject to the risks, uncertainties and assumptions that are described from time to time in the company’s press releases and SEC filings.