Allied Properties Real Estate Investment Trust (AP.UN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Allied Properties REIT fourth quarter 2025 earnings conference call. All participants are in a listen only mode. current expectations and are subject to risks, uncertainties, and other factors that may cause actual events or results to differ materially from historical results and or from our forecasts, including those described under the heading risks and uncertainties in our 2025 annual report. Material assumptions underpinning any forward-looking statements we make include those described under the heading forward-looking statements in our 2025 annual report. In addition, certain non-IFRS financial measures may be discussed on this call. References to non-IFRS financial measures are only provided to assist you in understanding our results and performance trends and may not be appropriate for any other purpose. For further discussion on these matters, please refer to our 2025 Annual Report under the heading Non-GAAP Measures. Please note there will be no question and answer period on this call in light of Ally's concurrent equity offering that we announced yesterday. Turning to the substance of our conference call today, I'll outline the actions we're taking to strengthen Ally's balance sheet and improve financial flexibility. Nan will then review our financial results and JP will cover leasing. You may have seen the announcement last night and before we discuss our business, I want to take a moment to address the leadership change. I would like to sincerely thank Michael, Allied's founder and executive chair, for his vision and for his dedication. I feel truly grateful to have had the opportunity to work with and learn from Michael over the past 11 years. Being part of the team that helped build Allied's portfolio has been an honor,...