Operator

Ladies and gentlemen, welcome to Colonial SFL, First Quarter 2026 Results Presentation. [Operator Instructions].

I would now like to introduce Mr. Pere Vinolas, CEO of Colonial SFL. Please, sir, go ahead.

Pere Serra
Chief Executive Officer

Thank you. Good afternoon to everyone. A pleasure to be again today here to share with you the results for the first quarter of 2026. The team, as usual, with me, Carmina Ganyet, Chief Corporate Officer; and Carlos Krohmer, Chief Corporate Development Officer. I am on Page 4 of the presentation as introductory remarks.

I believe that what we are sharing with you today is an outstanding set of results for this first quarter. I would like, of course, to emphasize that this is a quarter where a number of events at the macro political -- macroeconomic and geopolitical level have happened that creates a little bit of a headwind on the dynamics of the economy as a whole, also in the real estate industry.

And we have to say that the performance of our company during this quarter has remained totally resilient and with a very good performance. If I had to summarize the number you will see, Colonial, it is still about 2 things. One is pricing power. Basically, what you will see, it's like-for-like rents, rental growth ahead of inflation, healthy numbers again.