Ryan Burke | IR, Green Street Advisor |
Joe Russell | President & CEO |
Tom Boyle | CFO |
Juan Sanabria | Bank of America Merrill Lynch |
Todd Thomas | KeyBanc Capital Markets |
Smedes Rose | Citi |
Ki Bin Kim | SunTrust |
Vikram Malhotra | Morgan Stanley |
Jeremy Metz | BMO Capital Markets |
George Hoglund | Jefferies |
Steve Sakwa | Evercore ISI |
Trent Trujillo | UBS |
Jason Belcher | Wells Fargo |
Eric Frankel | Green Street Advisor |
Mike Mueller | JPMorgan |
Michael Bilerman | Citi |
Ladies and gentlemen, thank you for standing by. And welcome to the Public Storage First Quarter 2018 Earnings Call. At this time, all participants have been placed in a listen-only mode and the floor will be opened for your questions following the speaker's remarks. [Operator Instructions] It is now my pleasure to turn the floor over to Ryan Burke, the Vice President of Investor Relations. Please go ahead Sir.