This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
May 04, 2012 1:00 pm ET
Clemente Teng - Vice President of Investor Services
John Reyes - Chief Financial Officer, Principal Accounting Officer and Senior Vice President
Ronald L. Havner - Chairman, Chief Executive Officer and President
Christy McElroy - UBS Investment Bank, Research Division
Todd M. Thomas - KeyBanc Capital Markets Inc., Research Division
Michael Bilerman - Citigroup Inc, Research Division
Smedes Rose - Keefe, Bruyette, & Woods, Inc., Research Division
Ki Bin Kim - Macquarie Research
Michael Knott - Green Street Advisors, Inc., Research Division
Paula J. Poskon - Robert W. Baird & Co. Incorporated, Research Division
Michael W. Mueller - JP Morgan Chase & Co, Research Division
Swaroop Yalla - Morgan Stanley, Research Division
Good afternoon. My name is Jackie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Public Storage First Quarter 2012 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Clem Teng. Mr. Teng, please go ahead.
Good morning, and thank you for joining us for our first quarter earnings call. Here with me today are Ron Havner and John Reyes. All statements other than statements of historical facts included in this conference call are forward-looking statements, subject to a number of risks and uncertainties that could cause actual results to differ materially from those projected in these statements. These risks and other factors that could adversely affect our business and future results are described in today's earnings press release and in our reports filed with the SEC. All forward-looking statements speak only as of today, May 4, 2012, and we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.