UDR's CEO Discusses Q1 2012 Results - Earnings Call Transcript

UDR, Inc. (UDR)

Q1 2012 Earnings Call

April 30, 2012; 11:00 am ET

Executives

Tom Toomey - President & Chief Executive Officer

David Messenger - Chief Financial Officer

Jerry Davis - Senior Vice President of Operations

Chris Van Ens - Vice President of Investor Relations

Analysts

David Bragg - Zelman & Associates

Eric (ph) - Citi

Jana Galan - Bank of America/Merrill Lynch

Derek Bower - UBS Investment Bank

Karin Ford - KeyBanc Capital Markets

Andrew McCulloch - Green Street Advisors

Michael Salinsky - RBC Capital Markets

Alexander Goldfarb - Sandler O’Neill

Swaroop Yalla - Morgan Stanley

Richard Anderson - BMO Capital Markets

Robert Stevenson - Macquarie

Jeffrey Donnelly - Wells Fargo Securities

Michael Bilerman - Citi Financials

Taylor Schimkat - KBW

Paula Poskon - Robert W. Baird

Presentation

Operator

Good day ladies and gentlemen and thank you for standing by. Welcome to UDR’s first quarter fiscal year 2012 conference call. During today’s presentation all parties will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator Instructions).

I’d now like to turn the conference over to Vice President of Investor Relations, Mr. Chris Van Ens. Please go ahead, sir.

Chris Van Ens

Thank you for joining us for UDR’s first quarter financial results conference call. Our first 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 measure in accordance with the 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 any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be met. A 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.