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Piedmont Office Realty Trust's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Piedmont Office Realty Trust (PDM)

Q1 2012 Earnings Conference Call

May 04, 2012 10:00 AM ET

Executives



Don Miller – Chief Executive Officer

Robert Bowers – Chief Financial Officer

Ray Owens – Executive Vice President

Laura Moon – Chief Accounting Officer

Bo Reddic – EVP of Real Estate Operations

Eddie Guilbert – VP of Finance and Strategic Planning

Analysts



Tony Paolone- JPMorgan

Dave Rodgers - RBC Capital

Michael Knott – Green Street Advisors

Chris Caton – Morgan Stanley Smith Barney

Brendan Maiorana – Wells Fargo

John Guinee – Stifel Nicolaus



Presentation

Operator

Greetings and welcome to the Piedmont Office Reality Trust First Quarter 2012 Earnings Conference Call. At this time, all participants are in a listen-only-mode. A brief question-and-answer session will follow the formal presentation. (Operator instructions). As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Robert Bowers, Chief Financial Officer for Piedmont Office Reality Trust. Thank you, Mr. Bowers. You may begin.

Robert E. Bowers

Thank you, operator. Good morning. Welcome to Piedmont’s first quarter 2012 conference call. Last night in addition to posting our earnings release, we also filed our quarterly Form 10-Q and a Form 8-K, which includes our unaudited supplemental information. All of which are available on our website piedmontreit.com, under the investor relations’ section.

On today’s call, the company’s prepared remarks and answers to your questions will contain forward-looking statements as defined in the Private Security Litigation Reform Act of 1995. Forward-looking statements address matters which are subject to risks and uncertainties that may cause the actual results to differ from those we discuss today. Examples of forward-looking statements include those related to Piedmont Office Realty Trust, future revenues, operating income and financial guidance, as well as future leasing and acquisition activity. You should not place any undue reliance on any of these forward-looking statements. And these statements speak only as of the date they are made. We encourage all of our listeners to review the more detailed discussion related to risks associated with forward-looking statements contained in the company’s filings with the SEC, including our most recent Form 10-Q.

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