Camden Property Trust (CPT) Q4 2011 Earnings Call February 3, 2012 12:00 pm ET Executives Kim Callahan – Vice President, Investor Relations Richard J. Campo – Chairman of the Board and Chief Executive Officer D. Keith Oden – President Dennis M. Steen – Senior Vice President - Finance and Chief Financial Officer Analysts Jana Galan – Bank of America/Merrill Lynch Eric Wolfe – Citigroup Robert Stevenson – Macquarie Research Equities Alexander Goldfarb – Sandler O'Neill & Partners L.P. Karin Ford – Keybanc Capital Markets Richard Anderson – BMO Capital Markets Paula Poskon – Robert W. Baird & Co., Inc. Michael Salinsky – RBC Capital Markets PresentationOperator
Welcome to the Camden Property Trust Fourth Quarter 2011 Earnings Conference Call. All participants will be in listen-only mode. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Kim Callahan. Please go ahead. Kim Callahan Good morning, and thank you for joining Camden’s fourth quarter 2011 earnings conference call. Before we begin our prepared remarks, I would like to advise everyone that we will be making forward-looking statements based on our current expectations and beliefs. These statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from expectations. Further information about these risks can be found in our filings with the SEC and we encourage you to review them. As a reminder, Camden’s complete fourth quarter 2011 earnings release is available in the Investor Relations section of our website at camdenliving.com, and it includes reconciliations to non-GAAP financial measures, which will be discussed on this call.