BRE Properties, Inc. (BRE) Q1 2012 Earnings Call May 2, 2012 11:00 am ET Executives Constance B. Moore – President and Chief Executive Officer Scott A. Reinert – Executive Vice President, Operations John A. Schissel – Executive Vice President and Chief Financial Officer Stephen C. Dominiak – Executive Vice President and Chief Investment Officer Analysts Michael Salinsky – RBC Capital Markets Swaroop Yalla – Morgan Stanley Jana Galan – Bank of America/Merrill Lynch Eric Wolfe – Citigroup Inc. Derek Bower – UBSRoss Nussbaum – UBS Richard Anderson – BMO Capital Markets Nicholas Yulico – Macquarie ResearchDavid Bragg – Zelman & Associates Andrew James Mcculloch – Green Street Advisors, Inc. Karin Ford – KeyBanc Capital Markets PresentationOperator
Good morning. My name is Cameron, and I will be your conference operator today. At this time, I would like to welcome everyone to the BRE Properties First Quarter 2012 Earnings Conference Call. Today’s call is being recorded (Operator Instructions) After the speakers remarks there will be a question-and-answer session. I would now like to turn the call over to Ms. Constance Moore, President and Chief Executive Officer. Please go ahead. Constance B. Moore Thank you, Cameron. Good morning, everyone. Thank you for joining BRE’s first quarter 2012 earnings call. Before we begin our conversation, I’d like to remind listeners that our comments and answers to your questions may include both historical and future references. We do not make statements we do not believe are accurate and fairly represent BRE’s performance and prospects, given everything that we know today, but when we use words like expectations, projections or outlook, we are using forward-looking statements, which by their very nature are subject to risk and uncertainty. We encourage listeners to read BRE’s Form 10-K for a full description of potential risk factors and our 10-Qs for interim updates.