Canadian Net Real Estate Investment Trust (NET.UN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. I would like to welcome everyone to CanadianNet REIT's 2025 Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question-and-answer session, and instructions will be provided at that time. I would like to advise everyone this conference is being recorded. Before we start, I have been asked by CanadianNet to read the following message regarding forward-looking statements and non-IFRS measures. In talking about financial and operating performance, And in responding to questions today, management may make forward-looking statements, including statements concerning Canadian NET's objective and strategies to achieve them, as well as statements with respect to plans, estimates, and intentions, or concerning anticipated future events, results, circumstances, or performance, which are not historical facts. These statements are based on current expectations and assumptions and are subject to risk and uncertainties that could cause actual results to differ materially from those conclusions in the forward-looking statements. Additional information on the risks that could impact actual results and the expectations and assumptions management applied in making these forward-looking statements can be found in the Canadian NET's most recent annual information form from the year ended December 31st, 2024, and management discussion and analysis from the period ended December 31st, 2025, which are available on their website at www.cnetreit.com and on CDARplus at www.cdarplus.com. Management will also refer to non-IFRS financial measures today, which are widely used in the Canadian real estate industry, including FFO, normalized FFO, AFFO, and NOI. Management believes these financi...