Granite Real Estate Inc.

Good morning, and welcome to Granite REIT's first quarter results for 2022. Speaking to you on the call this morning is Kevin Gorey, President and Chief Executive Officer, and Teresa Netto, Chief Financial Officer. I will now turn the call to Teresa Netto to go over an advisory followed by an introduction from Kevin Gorey.

Good morning, ladies and gentlemen, and welcome to the conference call at Granite REIT. Before we begin today's call, I would like to remind you that statements and information made in today's discussion may constitute forward-looking statements and forward-looking information, including but not limited to expectations regarding future earnings and capital expenditures, and that actual results could differ materially from any conclusion, forecast, or projection. These statements and information are based on certain material facts or assumptions, reflect management's current expectations, and are subject to known and unknown risks and uncertainties. These risks and uncertainties are discussed in grant material filed with the Canadian Securities Administrators and the U.S. Securities and Exchange Commission from time to time, including the risk factors section of the Annual Information Form for 2021, filed on March 9, 2022. Readers are cautioned not to place undue reliance on any of these forward-looking statements and forward-looking information. Granite undertakes no intention or obligation to update or revise any of these forward-looking statements or forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law. In addition, the remarks this morning may include financial terms and measures that do not have a standardized meaning under international financial reporting standards. Please refer to the Q1 2022 condensed combined unaudited financial results and management's discussion and analysis of Granite's Real Estate Investment Trust and Granite REIT Inc. and other materials filed with the Canadian Securities Administrators and U.S. Securities and Exchange Commission from time to time for additional relevant information. I'll turn it now back to Kevin.

Thanks, Teresa. As always, I will keep my comments brief as I trust you've had the opportunity to review our MD&A and press release. I'm pleased to be joined this morning, as you've heard, from Teresa Netto, our CFO, Lauren Kuma, our Executive Vice President of Global Real Estate, and Michael Renteris, our Executive Vice President of Global Real Estate and Head of Investments. For this call this morning, Teresa will begin our discussion with a review of the financial highlights. I will then provide an update on our operations, acquisitions, developments, and ESG, and then open up the call for any questions that you may have.