Franklin Street Properties Corp.

All lines have been muted to prevent any background noise. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star followed by the number one on your telephone keypad. To withdraw your question, press star followed by the number one again. I will now turn the call over to Scott Carter, General Counsel. The floor is yours.

Good morning and welcome to the Franklin Street Properties fourth quarter 2024 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 Securities 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, 2024. In addition, these forward-looking statements represent the company's expectations only as of today, February 12, 2025. While the company may elect to update these forward-looking statements, it specifically disclaims any obligation to do so, Any forward-looking statement 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 brief overview of our fourth quarter results. Afterward, I'll pass the call to George for his thoughts. As a reminder, our comments today will refer to our earnings release, supplemental package, and 10-K, which, as Scott mentioned, can be found on our website. We reported funds from operations or FFO of about $2.7 million or $0.03 per share for the fourth quarter of 24 and $13.3 million or $0.13 per share for the full year of 24. We also reported a gap net loss of about $8.5 million or $0.08 for the fourth quarter of 24 and a net loss of $52.7 million or $0.51 per share for the full year of 24. With that, I'll turn the call over to George. George?