Jill Sawyer
Senior Vice President of Investor Relations

Good afternoon, and welcome to Federal Realty's 2026 Investor Day. Thank you so much for joining us. We're really excited to have you here and to spend the day showcasing our company, our properties and our team.

Before we get going, I'd like to point you to the forward-looking statements and safe harbor language on the slide. Please take a moment to review that as it applies to everything you'll hear today.

Here's a quick look at our agenda for the day. We tailored this webcast experience specifically for our virtual audience. Those joining us in person are touring 3 of our properties, and we wanted to give you all a similar experience, so we put together short videos in the same order the in-person group is touring.

You'll first tour virtually Westgate Center in San Jose, then Old Town Los Gatos and then Santana Row. Shortly after these video tours, our CEO, Don Wood, will come on and officially take us off.

We'll have a live Q&A at the end of the program, and you can submit your questions virtually through the Open Exchange site. We'll do our best to get to as many as we can live, or at the very least, follow up with you.