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August 02, 2012 1:00 pm ET
Michael J. Schall - Chief Executive Officer, President, and Director
Erik J. Alexander - Senior Vice President and Division Manager
Michael T. Dance - Chief Financial Officer and Executive Vice President
John D. Eudy - Executive Vice President of Development
John Lopez - Vice President and Economist of Research & Due Diligence
Eric Wolfe - Citigroup Inc, Research Division
David Toti - Cantor Fitzgerald & Co., Research Division
Paul Morgan - Morgan Stanley, Research Division
Swaroop Yalla - Morgan Stanley, Research Division
Jana Galan - BofA Merrill Lynch, Research Division
David Bragg - Zelman & Associates, Research Division
Alexander David Goldfarb - Sandler O'Neill + Partners, L.P., Research Division
Jeffrey J. Donnelly - Wells Fargo Securities, LLC, Research Division
Michael J. Salinsky - RBC Capital Markets, LLC, Research Division
Paula J. Poskon - Robert W. Baird & Co. Incorporated, Research Division
Richard C. Anderson - BMO Capital Markets U.S.
Greetings, and welcome to the Essex Property Trust Second Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Statements made on this conference call regarding expected operating results and other future events are forward-looking statements that involve risks and uncertainties. Forward-looking statements are made based on current expectations, assumptions and beliefs, as well as information available to the company at this time. A number of factors could cause actual results to differ materially from those anticipated. Further information about these risks can be found in the company's filings with the SEC.