Dream Office Real Estate Investment Trust (D.UN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to the Dream Office Read Q4 2025 conference call for Friday, February 20, 2026. During this call, management of Dream Office Read may make statements containing forward-looking information within the meaning of applicable securities legislation. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream Office Read's control that could cause actual results to differ materially from those that are disclosed in or applied by such forward-looking information. Additional information about these assumptions and risks and uncertainties is contained in Dream Office Reads filings with security regulators, including its latest annual information form and MDNA. These filings are also available on Dream Office Reads website at www.dreamofficeread.ca. Later in the presentation, there will be a question and answer session. To queue up for a question, please press star 1 on your telephone keypad. Your host for today will be Mr. Michael Cooper, Chair and CEO of Dream Office READ. Mr. Cooper, please go ahead. Thank you. Welcome everybody to our fourth quarter conference call. Today, as always, we have Jay Jang, our CFO, but Kingsley Fortis, our Director of Asset Management, and Derek Lau, Senior Vice President of Portfolio Management, will be participating in the call. And maybe for some comment later or questions, we've got the original Gord with us, as it's been quite an interesting time. I guess in August... conference call, I was saying that I think that we're starting to see some real evidence that the market had changed, and if it continues for a number of quarters, it could make a difference. And in the two quarters that have followed, we real...