Easterly Government Properties, Inc.

Greetings and welcome to the Easterly Government Properties First Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. Should anyone require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I will now turn the call over to Lindsay Winterhalter, Vice President, Investor Relations. Please go ahead.

Good morning. Before the call begins, please note the use of forward-looking statements by the company on this conference call. Statements made on this call may include statements which are not historical facts and are considered forward-looking. The company intends these forward-looking statements to be covered by the Safe Harbor provisions for forward-looking statements contained in the Private Securities Litigation Act reform of 1995 and is making this statement for the purpose of complying with those Safe Harbor provisions. Although the company believes that its plans, intentions, expectations, strategies, and prospects as reflected in or suggested by those forward-looking statements are reasonable, it can give no assurance that these plans, intentions, expectations, or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and will be affected by a variety of risks and factors that are beyond the company's control, including, without limitation, those contained in Item 1A, Risk Factors, of its annual report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 25, 2020, and in its other SEC filings and risks and uncertainties related to the adverse impact of COVID-19 on the U.S. regional and global economies and the potential adverse impact on the financial condition and results of Operation of the company. The company assumes no obligations to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. Additionally, on this conference call, the company may refer to certain non-GAAP financial measures, such as funds from operations, funds from operations as adjusted, and cash available for distribution. You can find a tabular reconciliation of these non-GAAP financial measures to the most comparable current GAAP numbers in the company's earnings release and separate supplemental information package on the investor relations page of the company's website at ir.easterlyrete.com. I would now like to turn the conference call over to Darrell Crate, Chairman of Easterly Government Properties.

Thank you, Lindsay. Good morning, everyone, and thank you for joining us for this first quarter conference call. Today, in addition to Lindsay, I'm also joined by Bill Trimble, the company's CEO, and Megan Bevere, the company's CFO and COO. Before we begin, I want to extend my well wishes for the health and safety of everyone on this call. These are unprecedented times, and we all eagerly await the day when we can meet face-to-face once again. What a quarter it has been. We've witnessed the strength of the company's defensive and differentiated strategy. The virtues of a revenue stream backed by the full faith and credit of the U.S. government are serving investors well. We've spent the last five years as a public company carefully assembling the necessary tools to perform in any business environment, and we've achieved scale in our operations, meaningfully diversified, and maintained the average length of our leases. We've also maintained a disciplined investment-grade balance sheet that has provided us with the attractive cost of capital and that we can then deploy accretively through the acquisition and development of bullseye properties. We're appreciative of the confidence our investors have placed in the company, which has in turn allowed us to continue to deploy capital in an attractive and consistent manner. At a time when the future feels less transparent than before, it gives me great comfort to serve as chairman of such a no-drama REIT. Continue to stay safe, and with that, I'll turn the call over to Bill.