Michael Kodesch | Director of Investor Relations |
Adam Portnoy | President and Chief Executive Officer |
Matt Jordan | Chief Financial Officer |
Bryan Maher | B. Riley FBR |
Owen Lau | Oppenheimer |
Ronald Kamdem | Morgan Stanley |
Kenneth Lee | RBC Capital Markets |
Dean Stephan | Bank of America |
Millie Wu | Citi |
Brent Dilts | UBS |
Good morning, and welcome to The RMR Group Fourth Quarter and Fiscal Year 2020 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Michael Kodesch, Director of Investor Relations.