PPRQF - Choice Properties Real Estate Investment Trust (PPRQF) Q1 2024 Earnings Call Transcript

2024-04-25 15:38:10 ET

Choice Properties Real Estate Investment Trust (PPRQF)

Q1 2024 Earnings Call Transcript

April 25, 2024 09:00 AM ET

Company Participants

Erin Johnston - Senior Vice President-Finance

Rael Diamond - President and Chief Executive Officer

Niall Collins - Chief Operating Officer

Mario Barrafato - Chief Financial Officer

Conference Call Participants

Mark Rothschild - Canaccord

Mike Markidis - BMO Capital Markets

Lorne Kalmar - Desjardins

Himanshu Gupta - Scotiabank

Pammi Bir - RBC Capital Markets

Sam Damiani - TD Cowen

Sumayya Syed - CIBC

Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Abby, and I will be your conference operator today. At this time, I would like to welcome everyone to the Choice Properties Real Estate Investment Trust First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. And after the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]. Thank you.

And I would now like to turn the conference over to Erin Johnston, Senior Vice President of Finance. You may begin.

Erin Johnston

Thank you. Good morning and welcome to the Choice Properties' Q1 2024 Conference Call. I'm joined here this morning by Rael Diamond, President and Chief Executive Officer, Mario Barrafato, Chief Financial Officer and Niall Collins, Chief Operating Officer. Rael will start the call today by providing a brief recap of our first quarter performance and provide an update on our transaction and development activity in the quarter.

Now, we'll discuss our operational results followed by Mario who will conclude the call with a review of our financial results before we open the lines for Q&A. Before we begin today's call, I would like to remind you that by discussing our financial and operating performance and in responding to your questions, we may make forward-looking statements including statements regarding Choice Properties' objectives, strategies to achieve those objectives as well as statements with respect to management's beliefs, plans, estimates, intentions, outlook and similar statements concerning anticipated future events, results, circumstances, performance or exceptions that are not historical facts.

These statements are based on our current estimates and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from the conclusions in these forward-looking statements. Additional information on the material risks that can impact our financial results and estimates and the assumptions that were made in applying and making these statements can be found in the recently filed Q1 2024 Financial Statements and Management Discussion and Analysis which are available on our website and on SEDAR....

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