H&R Real Estate Investment Trust

group of chips. Good morning and welcome to the quarter earnings conference call. Before beginning the call, H&R would like conclusions, forecasts, and projections in the remarks that follow may contain forward-looking information, which reflect the current expectations of management regarding future events and in our financial and operating performance and in responding to your question. Meaning recognized or standardized under IFRS or Canadian General Accepted Accounting Principles and are therefore unlikely to be comparable to similar measures presented by other reports. as indicators of H&R's performance, liquidity, cash flows, or profitability. H&R's management uses these measures to aid in assessing the rent's underlying performance and provide and assumptions that may have been applied in the making such non-GAAP financial measures are described in more detail in H&R's public filings, which can be found on our website. I would now like to introduce Mr. Tom Hofstadter. Please go ahead, Mr. Hofstadter.

Good morning, everybody.

EVP asset management and strategic initiatives. All of our lives continue to be disrupted by the COVID-19 pandemic. It's created huge economic disruption, restricted travel locally and internationally, triggered dramatic changes in capital markets and changed the rhythm of day-to-day life to say nothing. Like other responsible organizations, we are following all of the recommended protocols of government-assisted programs and some notable tenant filings. Our focus on well-located properties, creditworthy tenants, and long-term leases and financings is evident in our latest rent collections exceeding 90% and limited scope of tenant closures in our portfolio. Less than half of 1% in the next few quarters, but we are quite pleased with how limited the impact has been so far. Our team continues to work closely with our tenants to find mutually beneficial and provide customized solutions to the unique challenges they are currently facing, all the while continuing to form their normal duties. One interesting side effect of the high volume of activity is that there's a backlog of rent collection. It's just one more small positive data point suggesting further rent collection improvements as circumstances slowly return to a more normal state. Next up, Larry will summarize our quarterly and annual financial results. Pat will then provide an update on our retail portfolio, followed by Philippe, who will update us on our multi-res portfolio. And finally, I'll conclude with some closing remarks.