CTO Realty Growth, Inc. (CTO) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.755 Ladies and gentlemen, thank you for standing by. 00:00:02.755 -- 00:00:08.222 Welcome to the CTO Realty Growth fourth quarter and year-end 2025 00:00:08.222 -- 00:00:13.769 earnings call. At this time, all participants are in the listen-only 00:00:13.769 -- 00:00:19.977 mode. After the speaker's presentation, there will be a question and answer session. 00:00:19.977 -- 00:00:25.805 To ask a question during the session, you would need to press star 11 on your telephone. 00:00:25.805 -- 00:00:29.900 You would then hear an automated message advising your hand is raised. 00:00:29.900 -- 00:00:34.526 And to withdraw your question, please press star 1-1 again. 00:00:34.526 -- 00:00:37.830 Please be advised that today's conference is being recorded. 00:00:37.830 -- 00:00:43.017 I would like now to turn the conference over to Jenna McKinney, Director 00:00:43.017 -- 00:00:46.899 of Finance. Please go ahead. 00:00:48.364 -- 00:00:52.329 Good morning, everyone, and thank you for joining us today for the CTO Realty Growth 00:00:52.329 -- 00:00:56.242 Fourth Quarter 2025 Operating Results Conference Call. 00:00:56.242 -- 00:01:00.147 Participating on the call this morning are John Albright, President and Chief Executive 00:01:00.147 -- 00:01:05.214 Officer, Philip Mays, Chief Financial Officer, and other members of the executive team 00:01:05.214 -- 00:01:08.678 that will be available to answer questions during the call. 00:01:08.678 -- 00:01:12.403 I would like to remind everyone that many of our comments today are considered forward-looking 00:01:12.403 -- 00:01:17.350 statements under federal securities laws. The company's actual future results may differ 00:01:17.350 -- 00:01:21.375 significantly from the matters discussed in these forward...