Modiv Inc.

Ladies and gentlemen, greetings and welcome to Modiv Industrial Inc. First Quarter 2025 Earnings Conference Calls. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please signal the operator by pressing star and zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, John Raining, Chief Operating Officer and General Counsel of Motive Industrial. Please go ahead.

Thank you, Ryan, and thank you, everyone, for joining us for Motive Industrial's first quarter 20.5 earnings call. We issued our earnings release before market opened this morning, and it's available on our website at motive.com. I'm here today with Aaron Halfacre, Chief Executive Officer, and Ray Cuccini, Chief Financial Officer. On today's call, management will provide prepared remarks, and we will open up the call for your questions. Before we begin, I would like to remind you that today's comments will include forward-looking statements under the federal securities laws. Forward-looking statements are identified by words such as will, be, intend, believe, expect, anticipate, or other comparable words and phrases. Statements that are not historical facts, such as statements about our expected acquisitions or dispositions and business plans, are also forward-looking statements. Our actual financial condition and results of operations may vary materially from those contemplated by such forward-looking statements. Discussion of the factors that could cause our results to differ materially from these forward-looking statements are contained in our SEC filings, including our reports on Form 10-K and Form 10-Q. With that said, I'd like to turn the call over to Aaron.

Aaron, please go ahead. Thanks, John. Hey, everyone.