Acadia Realty Trust (AKR)

Q1 2010 Earnings Call Transcript

April 28, 2010 12:00 pm ET


Kenneth Bernstein – President and CEO

Jon Grisham – SVP and Chief Accounting Officer


Todd Thomas – KeyBanc Capital Markets

Christy McElroy – UBS

Sheila Mcgrath – KBW

Michael Mueller – J.P. Morgan

Quentin Velleley – Citi

Paul Adornato – BMO Capital

Craig Schmidt – Banc of America

Rich Moore – RBC Capital Markets

Andrew Dizio – Janney Montgomery Scott



Good day, ladies and gentlemen and welcome to the first quarter 2010 Acadia Realty Trust earnings conference call. My name is Amika and I'll be your coordinator for today. At this time, all participants are in a listen-only mode. We will facilitate a question-and-answer session toward the end of the conference. (Operator Instructions)

Please be aware that statements made during the call that are not historical may be deemed forward-looking statements within the meaning of the Securities and Exchange Act of 1934. Actual results may differ materially from those indicated by such forward-looking statements. Due to the variety of risks and uncertainties, which are disclosed in the company's most recent Form 10-K and other periodic filings with the SEC, forward-looking statements speak only as of the date of this call and the company undertakes no duty to update them. During this call, management may refer to certain non-GAAP financial measures including funds from operations and net operating income. Please see Arcadia's earnings press release posted on the website for reconciliation of these non-GAAP financial measures with the most directly comparable GAAP financial measures.

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