Essex Property Trust (ESS) Q1 2012 Earnings Call May 03, 2012 1:00 pm ET Executives Michael J. Schall - Chief Executive Officer, President, and Director Erik J. Alexander - Senior Vice President and Division Manager Michael T. Dance - Chief Financial Officer and Executive Vice President John Lopez - Vice President and Economist of Research & Due Diligence John D. Eudy - Executive Vice President of Development John F. Burkart - Senior Vice President and Fund Manager of Essex Apartment Value Fund Analysts David Toti - Cantor Fitzgerald & Co., Research Division Swaroop Yalla - Morgan Stanley, Research Division Robert Stevenson - Macquarie Research Jana Galan - BofA Merrill Lynch, Research Division Eric Wolfe - Citigroup Inc, Research Division Michael Bilerman - Citigroup Inc, Research Division Alexander David Goldfarb - Sandler O'Neill + Partners, L.P., Research Division Richard C. Anderson - BMO Capital Markets U.S. Karin A. Ford - KeyBanc Capital Markets Inc., Research Division Omotayo T. Okusanya - Jefferies & Company, Inc., Research Division Michael J. Salinsky - RBC Capital Markets, LLC, Research Division PresentationOperator Greetings, and welcome to the Essex Property Trust, Inc. First Quarter 2012 Earnings Conference Call. [Operator Instructions]
Statements made on this conference call regarding expected operating results and other future events are forward-looking statements that involve risks and uncertainties. Forward-looking statements are made based on current expectations, assumptions and beliefs, as well as information available to the company at this time. A number of factors could cause actual results to differ materially from those anticipated. Further information about these risks can be found in the company's filings with the SEC. It is now my pleasure to introduce your host, Mr. Michael Schall, President and Chief Executive Officer for Essex Property Trust. Thank you, Mr. Schall. You may now begin.