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TheStreet Open House

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

Essex Property Trust (ESS)

Q1 2012 Earnings Call

May 03, 2012 1:00 pm ET

Executives

Michael J. Schall - Chief Executive Officer, President, and Director

Erik J. Alexander - Senior Vice President and Division Manager

Michael T. Dance - Chief Financial Officer and Executive Vice President

John Lopez - Vice President and Economist of Research & Due Diligence

John D. Eudy - Executive Vice President of Development

John F. Burkart - Senior Vice President and Fund Manager of Essex Apartment Value Fund

Analysts

David Toti - Cantor Fitzgerald & Co., Research Division

Swaroop Yalla - Morgan Stanley, Research Division

Robert Stevenson - Macquarie Research

Jana Galan - BofA Merrill Lynch, Research Division

Eric Wolfe - Citigroup Inc, Research Division

Michael Bilerman - Citigroup Inc, Research Division

Alexander David Goldfarb - Sandler O'Neill + Partners, L.P., Research Division

Richard C. Anderson - BMO Capital Markets U.S.

Karin A. Ford - KeyBanc Capital Markets Inc., Research Division

Omotayo T. Okusanya - Jefferies & Company, Inc., Research Division

Michael J. Salinsky - RBC Capital Markets, LLC, Research Division

Presentation

Operator

Greetings, and welcome to the Essex Property Trust, Inc. First Quarter 2012 Earnings Conference Call. [Operator Instructions]

Statements made on this conference call regarding expected operating results and other future events are forward-looking statements that involve risks and uncertainties. Forward-looking statements are made based on current expectations, assumptions and beliefs, as well as information available to the company at this time. A number of factors could cause actual results to differ materially from those anticipated. Further information about these risks can be found in the company's filings with the SEC.

It is now my pleasure to introduce your host, Mr. Michael Schall, President and Chief Executive Officer for Essex Property Trust. Thank you, Mr. Schall. You may now begin.

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