Highwoods Properties, Inc. (HIW) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.978 Good morning, everyone, and thank you for joining today's Highwoods Properties Q4 2025 00:00:04.978 -- 00:00:09.304 earnings call. My name is Regan, and I'll be your moderator for today's call. 00:00:09.304 -- 00:00:12.128 All lines will be muted during the presentation portion of the call with an opportunity 00:00:12.128 -- 00:00:15.673 for questions and answers at the end. And if you'd like to ask a question, you may do 00:00:15.673 -- 00:00:18.497 so by pressing star one on your telephone keypad. 00:00:18.497 -- 00:00:23.444 I would now like to pass the conference over to Brendan Majorana, Executive Vice President 00:00:23.444 -- 00:00:27.147 and Chief Financial Officer. Please proceed. 00:00:28.472 -- 00:00:31.132 Thank you, operator. And good morning, everyone. 00:00:31.132 -- 00:00:36.157 Joining me on the call this morning are Ted Klink, our chief executive officer, and Brian 00:00:36.157 -- 00:00:41.083 Leary, our chief operating officer. For your convenience, today's prepared remarks have 00:00:41.083 -- 00:00:46.429 been posted on the web. If you have not received yesterday's earnings release or supplemental, 00:00:46.429 -- 00:00:51.635 they're both available on the investors section of our website at highwoods.com. 00:00:51.635 -- 00:00:56.801 On today's call, our review will include non-GAAP measures such as FFO, 00:00:56.801 -- 00:01:01.920 NOI, and EBITDAIR. The release and supplemental include a reconciliation of 00:01:01.920 -- 00:01:07.146 these non-GAAP measures to the most directly comparable GAAP financial measures. 00:01:07.146 -- 00:01:12.231 Forward-looking statements made during today's call are subject to risks and uncertainties. 00:01:12.231 -- 00:01:16.875 These risks and uncertainties are discussed at l...