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Apartment Investment & Management Management Discusses Q2 2012 Results - Earnings Call Transcript

Apartment Investment & Management (AIV)

Q2 2012 Earnings Call

August 03, 2012 1:00 pm ET

Executives

Lisa R. Cohn - Executive Vice President, General Counsel and Secretary

Terry Considine - Chairman and Chief Executive Officer

Keith M. Kimmel - Executive Vice President of Property Operations

Ernest M. Freedman - Chief Financial Officer and Executive Vice President

John E. Bezzant - Executive Vice President of Transactions

Analysts

Jana Galan - BofA Merrill Lynch, Research Division

Richard C. Anderson - BMO Capital Markets U.S.

Jeffrey J. Donnelly - Wells Fargo Securities, LLC, Research Division

Eric Wolfe - Citigroup Inc, Research Division

Michael J. Salinsky - RBC Capital Markets, LLC, Research Division

David Bragg - Zelman & Associates, Research Division

Presentation

Operator

Good afternoon, and welcome to the Apartment Investment and Management Company's Second Quarter 2012 Earnings Conference Call. [Operator Instructions] Please also note that today's event is being recorded. I would now like to turn the conference call over to Ms. Lisa Cohn, Executive Vice President and General Counsel. Ms. Cohn, you may begin. Ms. Cohn, you may begin the conference.

[Technical Difficulty]

Lisa R. Cohn

Good day, everyone, and apologies for the delay in starting the call.

During this conference call, the forward-looking statements we make are based on management's judgments, including projections related to 2012 results. These statements are subject to certain risks and uncertainties, a description of which may be found in our SEC filings. Actual results may differ materially from what may be discussed today. Also, we will discuss certain non-GAAP financial measures such as FFO. These are defined and are reconciled to the most comparable GAAP measures in the supplemental information that is part of the full earnings release published on Aimco's website.

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