PS Business Parks, Inc. (PSB)

Q1 2010 Earnings Call

May 4, 2010 1:00 PM EST

Executives

Ed Stokx – CFO

Joe Russell – President and CEO

John Petersen – COO

Analysts

Chris Lucas – Robert W. Baird

Michael Mueller – JPMorgan

Jordan Sadler – KeyBanc Capital

Josh Attie – Citibank

Presentation

Ed Stokx

Good morning and thank you for joining us for the first quarter 2010 PS Business Parks investor conference call. I am Ed Stokx, CFO of the company, and with me are Joe Russell, President and Chief Executive Officer; and John Petersen, Chief Operating Officer.

Before we begin, let me remind everyone that all statements other than statements of historical fact included in this conference call are forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond PS Business Parks’ control, which could cause actual results to differ materially from those set forth in or implied by such forward-looking statements.

All forward-looking statements speak only as of the date of this conference call. PS Business Parks undertakes no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

For additional information about risks and uncertainties that could adversely affect PS Business Parks’ forward-looking statements, please refer to the reports filed by the company with the Securities and Exchange Commission, including our annual report on Form 10-K and subsequent reports on Form 10-Q and Form 8-K.

We will also provide certain non-GAAP financial measures. Reconciliation to GAAP of these non-GAAP financial measures is included in our press release, which can be found on our website at www.psbusinessparks.com.

Now, I will turn the call over to Joe.

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