Corporate Office Properties Trust's (OFC) CEO Steve Budorick on Q1 2018 Results - Earnings Call Transcript

4/30/18

Corporate Office Properties Trust (NYSE:OFC) Q1 2018 Earnings Conference Call April 27, 2018 12:00 PM ET

Executives

Stephanie Krewson-Kelly - Vice President, Investor Relations

Steve Budorick - President and Chief Executive Officer

Paul Adkins - Executive Vice President and Chief Operating Officer

Anthony Mifsud - Executive Vice President and Chief Financial Officer

Analysts

Laura Dickson - KeyBanc Capital Markets

Tom Catherwood - BTIG

Manny Korchman - Citi

John Guinee - Stifel

Dave Rodgers - Baird

Rob Simone - Evercore ISI

Jed Reagan - Green Street Advisors

Jamie Feldman - Bank of America/Merrill Lynch

Richard Anderson - Mizuho Securities

Chris Lucas - Capital One Securities

Jon Petersen - Jefferies

Operator

Good morning and welcome to the Corporate Office Properties Trust First Quarter Earnings Conference Call. As a reminder, today’s call is being recorded. At this time, I will turn the call over to Stephanie Krewson-Kelly, COPT’s Vice President of Investor Relations. Ms. Krewson-Kelly, please go ahead.

Stephanie Krewson-Kelly

Thank you, Liz. Good afternoon and welcome to COPT’s conference call to discuss our first quarter 2018 results. With me today are Steve Budorick, President and CEO; Paul Adkins, Executive Vice President and COO; and Anthony Mifsud, EVP and CFO.

In addition to the supplemental package and press release related to our results, we have posted slides on the Investors section of our website to accompany management’s remarks. In the results press release we issued yesterday and on our website, you will find reconciliations of GAAP and non-GAAP financial measures management discusses. At the conclusion of management’s remarks, we will open the call for questions.

Statements made during this call maybe forward-looking within the meaning of the Safe Harbor of the Private Securities Litigation Reform Act of 1995 and actual results may differ materially due to a variety of risks, uncertainties and other factors. Please refer to yesterday’s press release and our SEC filings for a detailed discussion of forward-looking statements.

I will now turn the call over to Steve.

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