American Assets Trust, Inc.

Good day. As a reminder, today's conference call is being recorded. Please note that statements made on this conference call include forward-looking statements based on current expectations which statements are subject to risk and uncertainties discussed in a company's filings with the SEC. Your caution not to place undue reliance on these forward-looking statements as actual events could cause the company's results to differ materially from these forward-looking statements. It is now my pleasure to introduce your host for today, Mr. Adam Weil, President and COO of American Assets Trust. Thank you. Mr. Weil, you may begin.

Thank you, Desiree. Good morning, everyone. Welcome to American Assets Trust's second quarter 2023 earnings call. Yesterday afternoon, our earnings release and supplemental information were furnished to the SEC on Form 8K. Both are now available on the investor sections of our website, AmericanAssetsTrust.com. And with that quick intro, I'll turn the call over to Ernest Rady, our chairman and CEO, to begin the discussion of our second quarter 2023 results. Ernest?

Thanks Adam and good morning everyone. With each strategic and operational business decision that American Asset Trust makes, we take the path that we believe will maximize shareholder value over the longer term. That includes remaining disciplined with respect to our strong balance sheet and continuing to invest in and improve our irreplaceable properties to remain among the best in our markets for each of our asset classes. In Q2 2023, we were once again encouraged by our operating fundamentals, which continued to defy the odds despite the ongoing negative market sentiment for commercial real estate, the office sector in particular. Nevertheless, we remain optimistic that our earnings trajectory as we have increased our full year guidance based on our better than expected performance so far in 2023. No doubt, in our minds, this is a testament to the exceptional quality of both our properties, as well of, and frankly mainly, our people, who are the stewards of your and our organization that work to optimize our long-term growth and shareholder wealth creation. I'm incredibly proud of what we've accomplished operationally in the face of market headwinds and all the pessimistic headlines. And no matter what, we will remain vigilant and focused on any economic scenario that may be presented to us going forward and continue to execute our business plan to the best of our abilities. Adam, Bob, and Steve will go into more details on our various asset segments. financial results, and guidance. But first, I do want to mention that the Board of Directors has approved and maintained a quarterly dividend of 33 cents per share for the third quarter, which we believe is supported by our financial results and is an expression of our Board's confidence in the embedded growth of our portfolio this year. The dividend will be paid on September 21 to shareholders of record September 7th. On behalf of all of us at American Trust, and especially myself, I want to thank you for your confidence and continued support in allowing us to continue to manage your company. I'm now going to turn the call back over to Adam. Adam, please.