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August 03, 2012 1:00 pm ET
Clemente Teng - Vice President of Investor Services
Edward 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
Michael Bilerman - Citigroup Inc, Research Division
Todd M. Thomas - KeyBanc Capital Markets Inc., Research Division
Michael Knott - Green Street Advisors, Inc., Research Division
Gaurav Mehta - Cantor Fitzgerald & Co., Research Division
Michael W. Mueller - JP Morgan Chase & Co, Research Division
Neil Malkin - RBC Capital Markets, LLC, Research Division
Todd Stender - Wells Fargo Securities, LLC, Research Division
Paula J. Poskon - Robert W. Baird & Co. Incorporated, Research Division
David Harris - Imperial Capital, LLC, Research Division
Jordan Sadler - KeyBanc Capital Markets Inc., Research Division
Ross T. Nussbaum - UBS Investment Bank, Research Division
Good afternoon. My name is Maria, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Public Storage Second Quarter 2012 Earnings Conference Call. [Operator Instructions] After the speakers' remarks, there will be a question-and-answer session. Thank you.
I would now like to turn the call over to Mr. Clem Teng to begin. Please go ahead, sir.
Good morning, and thank you for joining us for our second 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.