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CommonWealth's CEO Discusses Q1 2012 Results - Earnings Call Transcript

CommonWealth REIT (CWH)

Q1 2012 Earnings Call

May 03, 2012 01:00 pm ET

Executives

Tim Bonang - VP, IR

Adam Portnoy - President and Managing Trustee

John Popeo - CFO

Analysts

Mitch Germain - JMP Securities

Dave Rodgers - RBC Capital Markets

John Guinee - Stifel

Presentation

Operator

Ladies and Gentlemen good day and welcome to the CommonWealth REIT first quarter conference call. This call is being recorded. At this time, for opening remarks and introductions, I would like to turn the call over to the Vice President of Investor Relations, Mr. Tim Bonang. Please go ahead, sir.

Tim Bonang

Thank you and good afternoon. Joining on today’s call are Adam Portnoy, President and Managing Trustee and John Popeo, Chief Financial Officer.

The agenda for today’s call includes a presentation by management followed by a question-and-answer session. I would also note that the recording and retransmission of today’s conference call is strictly prohibited without the prior written consent of CommonWealth.

Before we begin today’s call, I would like to read our Safe Harbor statement. Today’s conference call contains forward-looking statements within meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. These forward-looking statements are based on CommonWealth’s present beliefs and expectations as of today, May 3 rd, 2012.

The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today’s conference call other than through filings with the Securities and Exchange Commission or SEC regarding this reporting period.

In addition, this call may contain non-GAAP numbers including funds from operations or FFO, normalized FFO and cash available for distribution or CAD. A reconciliation of FFO, normalized FFO and CAD to net income is available in our supplemental package found in the Investor Relations section of the company’s website.

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