Paula Schwartz | Rx Communications Group |
Joel Marcus | Founder & Executive Chairman |
Stephen Richardson | Co-CEO |
Peter Moglia | Co-CEO & Co-CIO |
Dean Shigenaga | Co-President & CFO |
Jennifer Banks | Co-COO, EVP, General Counsel & Corporate Secretary |
James Feldman | Bank of America Merrill Lynch |
Emmanuel Korchman | Citigroup |
Sheila McGrath | Evercore ISI |
William Catherwood | BTIG |
Michael Carroll | RBC Capital Markets |
Daniel Ismail | Green Street Advisors |
Michael Bilerman | Citigroup |
Good day, and welcome to the Alexandria Real Estate Equities Fourth Quarter Year-End 2018 Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Paula Schwartz, Investor Relations. Please go ahead.