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July 26, 2012 10:00 am ET
Debra A. Cafaro - Chairman, Chief Executive Officer, Member of Executive Committee, and Member of Investment Committee
Raymond J. Lewis - President
Richard A. Schweinhart - Chief Financial Officer and Executive Vice President
John D. Cobb - Chief Investment Officer and Senior Vice President
Richard C. Anderson - BMO Capital Markets U.S.
Jana Galan - BofA Merrill Lynch, Research Division
James Milam - Sandler O'Neill + Partners, L.P., Research Division
Ross T. Nussbaum - UBS Investment Bank, Research Division
Dan Bernstein - Stifel, Nicolaus & Co., Inc., Research Division
Quentin Velleley - Citigroup Inc, Research Division
Nicholas Yulico - Macquarie Research
Philip J. Martin - Morningstar Inc., Research Division
Omotayo T. Okusanya - Jefferies & Company, Inc., Research Division
Karin A. Ford - KeyBanc Capital Markets Inc., Research Division
Thomas C. Truxillo - BofA Merrill Lynch, Research Division
Good day, ladies and gentlemen, and welcome to the Second Quarter 2012 Ventas Earnings Conference Call. My name is Derek and I'll be your operator for today. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the conference over to Ms. Lori Wittman, Vice President, Capital Market. Please proceed.
Thank you. Good morning, and welcome to the Ventas conference call to review the company's announcement today regarding its results for the quarter ended June 30, 2012.
As we start, let me express that all projections and predictions and certain other statements to be made during this conference call may be considered forward-looking statements within the meaning of the federal securities laws. These projections, predictions and statements are based on management's current beliefs, as well as on a number of assumptions concerning future events. The forward-looking statements are subject to many risks, uncertainties and contingencies, and stockholders and others should recognize that actual results may differ materially from the company's expectations, whether expressed or implied.