Slate Office REIT

Morning ladies and gentlemen and welcome to the Slate Office REIT second quarter 2022 financial results conference call. At this time, all lines are in a listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during the call you require immediate assistance, please press star zero for the operator. This call is being recorded on Thursday, August 4th, 2022. I would now like to turn the conference over to Paul Wolanski, Senior Vice President, National Sales and Investor Relations. Please go ahead.

Thank you, operator, and good morning, everyone. Welcome to the Q2 2022 conference call for Slate Office REIT. I am joined this morning by Steve Hodgson, Chief Executive Officer, Lindsay Stiles, Chief Operating Officer, and Charles Peach, Chief Financial Officer. Before getting started, I would like to remind participants that our discussion today may contain forward-looking statements, and therefore, we ask you to review the disclaimers regarding forward-looking statements, as well as non-IFRS measures, both of which can be found in management's discussion and analysis. You can visit Slate Office REIT's website to access all of the REIT's financial disclosure, including our Q2 2022 investor update, which is available now. I will now hand over the call to Steve Hodgson for opening remarks. Thank you, Paul, and good morning, everyone.

Recent global macroeconomic pressures have challenged the performance of public equity markets, with real estate securities being no exception. Across the board, REIT trading prices have significantly diverged from their underlying real estate values. However, even against this backdrop, Slate Office REIT's operational performance continues to trend positively. Our core operations remain stable, and we've seen positive leasing momentum and AFFO growth. Our conviction in the office sector remains strong. We know that physical workspaces enable collaboration, culture, and innovation. The tenants we are focused on recognize this as well. This quarter, we completed approximately 240,000 square feet of leasing at a rental rate spread of 25.2%. This positive rental rate spread demonstrates that well-operated, well-located, and high-quality real estate remains in demand, and tenants who recognize the value of the office are willing to pay for it. We are well positioned to capitalize on mispriced investment opportunities arising from this market, and we will continue to position the portfolio to provide stable income and value creation to our unit holders. I will now hand it over to Charles for some additional highlights.