InvenTrust Properties Corp.

Thank you for standing by and welcome to the InvenTrust fourth quarter 2021 earnings conference call. As a reminder, this call is being recorded. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star then two. I would now turn the conference over to Mr. Dan Lombardo, Vice President of Investor Relations. Please go ahead.

Thank you, operator. Good morning and welcome to Inventrust Properties' fourth quarter 2021 earnings conference call. Joining me on the call today are D.J. Bush, President and Chief Executive Officer, Mike Phillips, Chief Financial Officer, Christy David, Chief Operating Officer and General Counsel, and Dave Heimberger, Chief Investment Officer. Before the team starts with their prepared remarks, I would like to remind everyone that today's discussion may contain forward-looking statements about the company's views on the future of our business and financial performance, including forward-looking earnings guidance and future market conditions. These are based on management's current beliefs and expectations and are subject to various risks and uncertainties. any forward-looking statements, speak only as of today's date and we assume no obligation to update any forward-looking statements made on today's call or that are in the quarterly financial supplemental or press release. These factors and risks are described in more detail in our filings with the SEC. In our discussion today, we will also reference certain non-GAAP financial measures. The comparable GAAP financial measures are included in this quarter's earning materials, which are posted on our investor relations website. With that, I will turn the call over to DJ.

Thanks, Dan. Good morning, everyone, and thank you for joining us today. 2021 was a year of milestones for Inventrus where expectations were surpassed on many fronts. We executed on several corporate activities that led to a successful listing on the New York Stock Exchange in October of last year. which provided immediate liquidity alternative for all of our shareholders. By year end, our investment thesis gained traction, given the increased transition to a more institutional shareholder base. When I look back at all that we accomplished for our shareholders, employees, our tenants, and communities, I'm extremely proud of the Inventoris team. The foundation of our success is built on Inventoris' simple and focused strategy to own and operate high-quality, necessity-based shopping centers in the Sunbelt, paired with a conservative balance sheet with ample liquidity, to fund future cash flow growth. Inventris leads the retail sector in Sunbelt concentration and is one of the most focused retail portfolios in our space. The portfolio's attractive demographic characteristics are expected to create strong leasing demand and organic growth as our markets continue to thrive. Our high performing grocery anchor tenants also play a critical role. These necessity based tenants are aligned with the current consumer shift towards essentialism and are resilient across economic cycles. Over 86% of Inventris NOI is derived from centers with a grocery presence. As our tenants continue to refine their multi-channel strategies through physical locations, last mile concepts, and pick up at store, Inventris will support them in their endeavors. I also want to quickly touch on another one of Inventris key pillars, sustainability and corporate responsibility. We are focused on effectively managing our business and assets to reduce our environmental impact and implementing initiatives to play our part in a lower carbon future. ESG is not new at Inventrust. We've been a participant in the Global Real Estate Sustainability Benchmark, or GRESB, assessment since 2013, and something we have integrated into all aspects of our business. In 2022, the leadership team will continue to drive ESG initiatives and targets across the portfolio, and we look forward to sharing these results in our inaugural corporate responsibility report being released later this year. Lastly, our balance sheet remains a cornerstone for our growth story moving forward. To that end, we announced earlier this week that we closed on two premier properties in Austin, Texas for approximately $190 million. These acquisitions, which Dave will discuss in a bit, are great additions to our portfolio and will increase our concentration in Austin, already our largest market. This transaction also satisfies about half of our two-year net acquisition target and will bring significant cash flow into the portfolio. With that, I'm going to turn it over to Mike to discuss our financial results. Mike?