Safehold Inc (SAFE) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.003 Good morning and welcome to Safehold's first quarter 2025 earnings conference call. 00:00:06.003 -- 00:00:11.014 If you need assistance during today's call, please press star zero. 00:00:11.014 -- 00:00:14.841 If you'd like to ask a question, please press star one. 00:00:14.841 -- 00:00:19.950 That's star one to ask a question. As a reminder, today's conference is 00:00:19.950 -- 00:00:22.033 being recorded. 00:00:22.033 -- 00:00:26.258 At this time, for opening remarks and introductions, I would like to turn the conference 00:00:26.258 -- 00:00:30.664 over to Piers Hoffman, Senior Vice President, Head of Corporate Finance. 00:00:30.664 -- 00:00:32.727 Please go ahead, sir. 00:00:32.727 -- 00:00:37.112 Good morning, everyone. Thank you for joining us today for Safehold's earnings call. 00:00:37.112 -- 00:00:42.159 On the call today, we have Jay Sugarman, Chairman and Chief Executive Officer, Brett 00:00:42.159 -- 00:00:47.787 Asness, Chief Financial Officer, and Tim Daugherty, Chief Investment Officer. 00:00:47.787 -- 00:00:52.533 This morning, we plan to walk through a presentation that details our first quarter 2025 00:00:52.533 -- 00:00:58.179 results. The presentation can be found on our website at safeholdinc.com 00:00:58.179 -- 00:01:02.524 by clicking on the investors link. There will be a replay of this conference call beginning 00:01:02.524 -- 00:01:08.850 at 2 p.m. Eastern time today. The dial-in for the replay is 877-481-4010 00:01:11.755 -- 00:01:15.478 with a confirmation code of 52368. 00:01:17.150 -- 00:01:21.754 In order to accommodate all those who wish to ask questions, we ask that participants 00:01:21.754 -- 00:01:25.037 limit themselves to two questions during Q&A. 00:01:25.037 -- 00:01:29.421 If you'd like to ...