UDR, Inc. (UDR) Q4 2011 Earnings Call February 6, 2012 11:00 am ET Executives Chris Van Ens - VP, IR Tom Toomey - President and CEO David Messenger - CFO Jerry Davis - SVP, Operations Warren Troupe - SEVP Harry Alcock - SVP, Asset Management Analysts Dave Bragg - Zelman Karin Ford - KeyBanc Jana Galan - Bank of America Merrill Lynch Eric Wolfe - Citi Paula Poskon - Robert W. Baird Michael Salinsky - RBC Capital Markets Derek Bower - UBS Alex Goldfarb - Sandler O'Neill Robert Stevenson - Macquarie Swaroop Yalla - Morgan Stanley Rich Anderson - BMO Capital Markets Tom Trujillo - Bank of America Mark Fisher - Bloomberg Taylor Schimkat - KBW PresentationOperator
Welcome to UDR's fourth quarter conference call. (Operator Instructions) This conference is being recorded today, Monday, February 6, 2012. I would now like to turn the conference over to Chris Van Ens, Vice President of Investor Relations. Chris Van Ens Thank you for joining us for UDR's fourth quarter financial results conference call. Our fourth quarter press release and supplemental disclosure package were distributed earlier today and posted to our website www.udr.com. In the supplement, we have reconciled all non-GAAP financial measures to the most directly comparable GAAP measures in accordance with Reg G requirements. I would like to note that statements made during this call, which are not historical, may constitute forward-looking statements. Although we believe the expectations reflected in the forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be met. The discussion of risks and risk factors are detailed in this morning's press release and included in our filings with the SEC. We do not undertake a duty to update any forward-looking statements.