Safehold Inc

Good morning and welcome to Safehold's fourth quarter and fiscal year 2023 earnings conference call. If you need assistance during today's call, please press star zero. If you'd like to ask a question, please press star one. That's star one to ask a question. As a reminder, today's conference is being recorded. At this time, for opening remarks and introductions, I would like to turn the conference over to Piers Hoffman, Senior Vice President of Capital Markets and Investor Relations. Please go ahead, sir.

Good morning, everyone. Thank you for joining us today for Safehold's earnings call. On the call, we have Jay Sugarman, Chairman and Chief Executive Officer, Brett Asness, Chief Financial Officer, and Tim Doherty, Chief Investment Officer. This morning, we plan to walk through a presentation that details our fourth quarter and fiscal year 2023 results. The presentation can be found on our website at safeholdinc.com by clicking on the investors link. There will be a replay of this conference call beginning at 2 p.m. Eastern time today. The dial-in for the replay is 877-481-4010 with a confirmation code of 49838. In order to accommodate all those who want to ask questions, we ask that participants limit themselves to two questions during Q&A. If you'd like to ask additional questions, you may re-enter the queue. Before I turn the call over to Jay, I'd like to remind everyone that statements in this earnings call which are not historical facts may be forward-looking. Our actual results may differ materially from these forward-looking statements, and the risk factors that could cause these differences are detailed in our SEC reports. Safehold disclaims any intent or obligation to update these forward-looking statements except as expressly required by law. Now with that, I'd like to turn it over to Chairman and CEO, Jay Sugarman. Jay?

Thanks, Pierce, and thank you to everyone for joining us today. It's a new year, and we want to make it a good one with a clear focus and the expectation of a more favorable interest rate backdrop. If the consensus is correct and rates begin to finally fall this year, We're optimistic that we can return to solid growth in EPS, restart the deal and capital market engines, and recapture the interest that was building in Carrot. As most of you know and experienced with us, 2023 was a frustrating year. We reached a lot of key milestones and added important long-term positives for the company, but rapidly rising interest rates overshadowed these positives, slowing deal flow and hurting our share price. But as you'll see in today's presentation, 2023's achievements have set the table for us going forward as we wait for the headwinds we have been dealing with to begin to turn into tailwinds. Now let's have Brett take you through the fourth quarter and the year.