Boardwalk Real Estate Investment Trust

Good afternoon, ladies and gentlemen, and welcome to the BoardWalk Real Estate Investment Trust second quarter 2026 earnings call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Wednesday, July 29, 2026. I would now like to turn the conference over to Eric Bowers, VP Finance and Investor Relations. Please go ahead.

Thank you, Joelle, and welcome to the Boardwalk REIT 2026 Second Quarter Results Conference Call. With me here today are Sam Kolias, Chief Executive Officer, James Ha, President, Gregg Tinling, Chief Financial Officer, Samantha Kolias-Gunn, Senior VP of Corporate Development and Governance, and Samantha Adams, Senior VP of Investments. We acknowledge the traditional lands on which we live and work and our shared commitment to respect, stewardship, and community. Before we get to our results, please note that this call is being broadly distributed by way of webcasts. If you have not already done so, please visit us at bwalk.com slash investors where you will find a link to today's presentation as well as PDF files of the trust financial statements, MD&A, and quarterly report. Starting on slide two, we would like to remind our listeners that certain statements in this call and presentation may be considered forward-looking statements. Although the expectations set forth in such statements are based on reasonable assumptions, Boardwalk's future operation and its actual performance may defer materially from those in any forward-looking statements. Additional information that could cause actual results to defer materially from these statements are detailed in Boardwalk's publicly filed documents. I'd like to now turn the call over to Sam Kolias.

Thank you, Eric. Starting on slide four, welcome everyone to our Boardwalk family forever and to our Q2 community. 2026 Results. Redefining BFF, Boardwalk Family Forever, is at the top of our organizational chart. Family is everything. Affordable multifamily communities have always been an essential product of service. Together with our residents, our associates, investors, partners, capital, environment, community, we are all essential and interconnected family members. Our true north where love always lives. Together we go far. Our leaders put our team first and our team puts our resident members first. Guided by the golden rule, we have a peak performing customer service culture that creates exceptional results as we can see on our next slide five. Our continued solid performance with GAAP and non-GAAP measures increasing from the same quarter last year Same property, rental revenue increased 1.7%, and same property, net operating income increased 1.7%, reflecting resilient operating results and fundamentals. Our operating margin remains strong at 67.6%. As a result of our recent asset sales, our funds from operations are down slightly. Our asset sales provide capital for our normal course issuer bid program, which has helped to increase our FFO per unit by 2.6%, demonstrating the impact of strategic capital allocation and continued growth in cash flow and value creation for our unit holders. Profit is down as a result of a non-cash reduction in our IFRS net asset value, I would like to now pass it over to Samantha Kolias-Gunn.