Safehold Inc (SAFE) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.335 Good afternoon, and welcome to Safehold's first quarter earnings conference call. 00:00:04.335 -- 00:00:07.718 If you need assistance during today's call, please press star zero. 00:00:07.718 -- 00:00:10.801 If you'd like to ask a question, please press star one. 00:00:10.801 -- 00:00:16.486 That's star one to ask a question. As a reminder, today's conference is being recorded. 00:00:16.486 -- 00:00:20.550 At this time, for opening remarks and introductions, I would like to turn the conference 00:00:20.550 -- 00:00:25.915 over to Pierce Hoffman, Senior Vice President of Capital Markets and Investor Relations. 00:00:25.915 -- 00:00:28.556 Please go ahead, sir. 00:00:31.098 -- 00:00:35.442 Good afternoon, everyone. Thank you for joining us today for Safehold's earnings call. 00:00:35.442 -- 00:00:40.367 On the call, we have Jay Sugarman, Chairman and Chief Executive Officer, Michael Trachtenberg, 00:00:40.367 -- 00:00:45.432 President, Brett Asness, Chief Financial Officer, and Steve Wilder, Executive 00:00:45.432 -- 00:00:48.015 Vice President, Head of Investments. 00:00:48.015 -- 00:00:51.618 This afternoon, we plan to walk through a presentation that details our first quarter 00:00:51.618 -- 00:00:56.643 results. The presentation can be found on our website at safeholdinc.com by clicking 00:00:56.643 -- 00:00:58.756 on the investors link. 00:00:58.756 -- 00:01:02.342 There will be a replay of this conference call beginning at 8pm Eastern time today. 00:01:02.342 -- 00:01:06.265 The dial in for the replay is 877-481-4010 00:01:08.031 -- 00:01:13.176 with a confirmation code of 53936. In order 00:01:13.680 -- 00:01:18.507 to accommodate all those who want to ask questions, we ask the participants limit themselves 00:01:18.507 -- 00:...