Slate Office REIT

Good morning, ladies and gentlemen, and welcome to the Slate Office Read for 2022 Financial Results Conference Call. At this time, all lines are in a lesson-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, February 22, 2023. I would now like to turn the conference over to Paul Wolenski, Senior Vice President, National Sales and Investor Relations. Please go ahead.

Thank you, operator, and good morning, everyone. Welcome to the Q4 2022 conference call for Slate Office REIT. I'm joined this morning by Steve Hodgson, Chief Executive 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 disclosures, including our Q4 2022 investor update, which is now available. I will now hand over the call to Steve Hodgson for opening remarks.

Thank you, Paul. Despite headwinds challenging the broader office market, the REIT successfully executed a number of high impact transactions throughout 2022 that have meaningfully advanced the quality of our real estate and the performance of our portfolio. Looking ahead, we remain focused on uncovering opportunities to maximize value for our unit holders and positioning our portfolio for stability and growth over the long term. As our tenants continue to return to work, our conviction in the office sector remains strong. We know that physical workspaces enable collaboration, culture, and innovation. At the same time, we understand that post-pandemic, certain tenants and industries will be more significant users of office space than others. We will continue to position our portfolio to focus on opportunities that align with tenant demand. We believe well-located, high-quality and modern office buildings with growing, strong credit tenants will continue to outperform. While the sector is facing a number of macroeconomic challenges, this environment can create unique opportunities to capitalize on historic market dislocations, and Slate Office REIT is well positioned to take advantage of these opportunities. Notwithstanding the REIT's attractive assets and longer-term upside, our Board of Trustees recognizes that market disruptions and elevated levels of inflation continue to weigh on the valuations of publicly traded REITs. creating a divergence between asset values and unit price. In October of 2022, the Board of the REIT formed a special committee of independent trustees to oversee a review of strategic alternatives for the REIT. As we continue to navigate a challenging operating environment, the strategic review will play a key role in identifying additional ways to maximize value for unit holders. I will now hand it over to Charles for some additional highlights.