Easterly Government Properties, Inc.

Greetings. Welcome to the Easterly Government Properties third quarter 2023 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session between the company's research analysts and Easterly's management team. To ask a question during the session, analysts will need to press star 11 on their telephone. They will then hear an automated message advising their hand is raised. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Lindsey Winterhalter, head of investor relations. Please go ahead.

Good morning. Before the call begins, please note that certain statements made during this conference call may include statements that are not historical facts and are considered forward-looking statements within the meaning of the private securities litigation reform act of 1995. Although the company believes that its expectations as reflected in any forward-looking statements are reasonable, it can give no assurance that these expectations 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 the company's most recent Form 10-K filed with the FCC and in its other FCC filings. The company assumes no obligation to update publicly any forward-looking statements. Additionally, on this conference call, the company may refer to certain non-GAAP financial measures, such as funds from operations, core 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.easterlyrate.com. I'd now like to turn the conference call over to Darrell Crate, Chairman of Easterly Government Properties.

Good morning, everyone. Thank you for joining us for this third 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. As we've been discussing for several quarters, the real estate market is in flux, and this uncertainty has created an environment of opportunity for easterly in 2024 that we intend to capitalize on. Increasing defense needs, onshore technology, and bringing and providing public safety are key objectives for the nation. Our mission critical facilities are needed now more than ever. As the government addresses these needs, there are facilities that need to be built. We are a natural partner to work with developers tasked with these projects and find ourselves being approached as a known leader in our space. We are differentiated for many REITs and better positioned for this forward environment. Our revenue is incredibly stable and forecastable as we have long-term leases with an average remaining term of over a decade, and we have no credit concerns about our very high credit quality tenants. These attributes give us access to capital while others, particularly in the office sector, find financing sources to be impaired. While the economy may be slowing and patterns of work may be changing, the world as we see in the headlines each day is becoming less safe. These projects need to be completed and we can work with developers to own these attractive projects with long-term leases on terms that are favorable to our shareholders now and into the future. And with that, I'll turn the call over to Bill to give further insights into our portfolio.