Reported Q1 2026 net income per share (diluted) of $2.10 and FFO per share (diluted, as adjusted) of $1.73. Maintained occupancy of operating properties at 87.7% as of March 31, 2026. Executed 647,356 RSF of leasing volume during the first quarter. Reduced general and administrative expenses by $7.4 million, or 18%, compared to the 2024 quarterly average. Completed $1.33 billion debt tender offer, improving leverage by approximately 0.2x. Maintained significant liquidity of $4.17 billion as of March 31, 2026.