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Washington Real Estate Investment Trust's CEO Hosts 2012 Annual Shareholders Meeting Conference (Transcript)

Washington Real Estate Investment Trust (WRE)

2012 Annual Shareholders Meeting Conference Call

May 24, 2012 11:00 am ET

Executives

John P. McDaniel – Chairman

David Osnos – Director

Laura M. Franklin – Executive Vice President, Accounting and Administration, and Corporate Secretary

George F. McKenzie – President and Chief Executive Officer

Thomas C. Morey – Senior Vice President and General Counsel

Presentation

John P. McDaniel

Well, I’d like to welcome you to this Annual Meeting. I will call it to order of the Washington Real Estate Investment Trust. I’m Chairman of the Board, John McDaniel, and I'm delighted to have each and every one of you here today. It looks like a great turnout, and that’s what we were hoping for.

This is our 2012 Annual Shareholders Meeting. And over the last year, since we last met in this room as shareholders, as investors; the company has moved forward with its strategic plan, which has been executed, I think fairly well by the executive team.

We’ve had an exceptionally active year, if you have read the Annual Report, and looked into the details associated with that, it’s been an active year, and a successful year as well. The sale of our industrial division, we’ve had several key acquisitions in the office, in the retail sector, Skip, will go into that in greater depth. And I think a very promising commencement of two multifamily development projects. And so, we’re excited to share those developments with you, and we look forward to a successful 2012 remainder.

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