Franklin Street Properties Corp.

Good morning and welcome to the Franklin Street Properties Corp First Quarter 2021 Earnings Conference Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then 2. Please note this event is being recorded. I would now like to turn the conference over to Scott Carter, General Counsel. Please go ahead.

Scott Carter Good morning and welcome to the Franklin Street Properties first quarter 2021 earnings call. Joining me this morning are George Carter, our Chief Executive Officer, John DeMeritt, our Chief Financial Officer. Jeff Carter, our President and Chief Investment Officer, and John Donahue, President of FSP Property Management. Also joining me this morning are Toby Daly and Will Friend, both Executive Vice Presidents of FSP Property Management. Please note that various remarks that we may make about future expectations, plans, and prospects for the company may constitute forward-looking statements. for purposes of the safe harbor provisions under the Private Security Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the risk factors section of our annual report on Form 10-K for the year ended December 31, 2020. which is on file with the SEC. In addition, these forward-looking statements represent the company's expectations only as of today, May 5th, 2021. While the company may elect to update these forward-looking statements, it specifically disclaims any obligation to do so. Any forward-looking statements should not be relied upon as representing the company's estimates or views as of any date subsequent to today. At times during this call, we may refer to funds from operations or FFO. Reconciliations of FFO and other non-GAAP financial measures to GAAP net income are contained in yesterday's press release, which is available in the investor relations section of our website at www.fspreit.com. Now I'll turn the call over to John DeMeritt. John?

Thank you, Scott, and good morning, everyone. I'm going to give a very brief overview of our first quarter results. Afterward, I'll pass the call to George for his comments. And as a reminder, our comments today will refer to our earnings relief supplemental package in 10Q, which, as Scott mentioned, can be found on our website. We reported funds from operations or FFO of $18 million or 17 cents per share for the first quarter of 2021. Turning to our balance sheet at March 31st, 21, we had a total of $947.5 million of unsecured debt outstanding, including $27.5 million drawn on our line of credit. At quarter end, between cash on hand and availability on our line, we had total liquidity of about $577 million. As a reminder, all of our debt is unsecured and we have no debt maturities until November 30th, 21. when $155 million of term loans will come due. Our debt is at fixed rates other than the $27.5 million that sits on our line of credit, which is at a floating rate. With that, I'll turn the call over to George. George?