D/B/A Centerspace (CSR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and thank you for attending today's Center Space first quarter 2025 earnings call. My name is Jasmine, and I'll be your moderator today. All lines will be muted during the presentation portion of the call with the opportunity for questions and answers at the end. If you would like to ask a question, press star one on your telephone keypad. I would now like to pass the conference over to your host, Josh Clatch with Center Space. You may now proceed. Good afternoon. Center Space's Form 10-Q for the quarter ended March 31, 2025, was filed with the SEC yesterday after the market closed. Additionally, our earnings relief and supplemental disclosure package, as well as an updated investor presentation, have been posted to our website at centerspacehomes.com and filed on Form 8-K. It's important to note that today's remarks will include statements about our business outlook and other forward-looking statements that are based on management's current views and assumptions. These statements are subject to risks and uncertainties discussed in our filing under the section titled Risk Factors and in our other filings with the SEC. We cannot guarantee that any forward-looking statements will materialize and you are cautioned not to place undue reliance on these forward-looking statements. Please refer to our earnings release for reconciliations of any non-GAAP information which may be discussed on today's call. I'll now turn it over to CenterSpace's President and CEO, Ann Olson, for the company's prepared remarks. Hello, everyone, and thank you for joining us. With me today are Bharat Patel, our Chief Financial Officer, and Grant Campbell, SVP of Investments and Capital Markets. It is Friday, and I know you are all anxious to ask us questions about what our plans a...