“We are reaffirming our full year 2025 real estate FFO guidance range of $12.40 to $12.65 per share.”

In context

“at Keystone in Indianapolis into dynamic mixed uses. Starts for this year will be approximately $500 million. Turning to the balance sheet. We were active in the first quarter where we completed 12 secured loan transactions totaling approximately $2.6 billion. The weighted average interest rate on these loans was 5.73%. At the end of the quarter, we had net-debt to EBITDA of 5.2 times and our fixed charge coverage ratio was incredibly strong at 4.6 times. And as David mentioned earlier, we are well positioned to allocate capital and be opportunistic through various economic cycles. Turning to the dividends. Today, we announced our dividend of $2.10 per share for the second quarter, a year-over-year increase of $0.10 or 5%. The dividend is payable on June 30th. Turning to guidance for '25. We are reaffirming our full year 2025 real estate FFO guidance range of $12.40 to $12.65 per share. As we stated in February, when issuing our initial full-year 2025 guidance, our range reflects real estate FFO and does not include OPI. We expect the results to trend towards the middle of the range given the current macroeconomic and tariff uncertainty, potentially impacting retailer sales. With that, thank you to everyone. David and I are available for your questions. Operator: Thank you. [Operator Instructions] And the first question comes from the line of Steve Sakwa with Evercore ISI. Please proceed. Steve Sakwa: Yes, thanks. Good evening. David and Brian. I guess I know the tariff situation has certainly been de-escalated, but I'm just curious what sort of conversations you are maybe having with retailers kind of leading up to today's announcement and how do you think it impacts, i”