Operator

Good morning. My name is Regina, and I will be your conference coordinator today. At this time, I would like to welcome everyone to the BSR REIT First Quarter 2026 Financial Results Conference Call.

[Operator Instructions] I would now like to turn the conference over to Spencer Andrews, Vice President of Investor Relations and Marketing. Please go ahead, sir.

Spencer Andrews
VP of Marketing & Investor Relations

Thank you, and good morning, everyone. Welcome to BSR REIT's conference call to discuss our financial results for the first quarter ending March 31, 2026. I'm joined on the call today by our CEO, Dan Oberste; our Chief Financial Officer, Tom Cirbus; and our Chief Operating Officer, Susie Rosenbaum, who are all available to answer your questions after our prepared remarks.

Before we begin, I want to remind listeners that certain statements made on this conference call about future events are forward-looking in nature. Any such information is subject to risks, uncertainties and assumptions that could cause actual results to differ materially.

In addition, we will reference certain non-GAAP financial measures that we believe are useful supplemental information about our financial performance. For more information, please refer to the cautionary statements on forward-looking information and a description of our non-GAAP financial measures in