Ryan Burke | Vice President of Investor Relations |
Joe Russell | Chief Executive Officer |
Tom Boyle | Chief Financial Office |
Ronald Kamdem | Morgan Stanley |
Todd Thomas | KeyBanc Capital Markets |
Smedes Rose | Citi |
Ki Bin Kim | SunTrust |
Eric Frankel | Green Street Advisors |
Mike Mueller | JPMorgan |
Jonathan Hughes | Raymond James |
Ladies and gentlemen, thank you for standing by. And welcome to the Public Storage Fourth Quarter and Full-Year 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 presentation [Operator Instructions]. It is now my pleasure to turn the floor over to Ryan Burke, Vice President of Investor Relations. Ryan, you may begin.