Office Properties Income Trust (NASDAQ:OPI) Q1 2023 Earnings Conference Call April 27, 2023 10:00 AM ET
Company Participants
Kevin Barry - Director, IR
Christopher Bilotto - President & COO
Matthew Brown - CFO & Treasurer
Conference Call Participants
Bryan Maher - B. Riley Securities
Tamim Sarwary - Morgan Stanley
Operator
Good morning, and welcome to the Office Properties Income Trust First Quarter 2023 Earnings Conference Call. [Operator Instructions]. I would now like to turn the call over to Kevin Barry, Director of Investor Relations. Please go ahead.
Kevin Barry
Thank you, and good morning, everyone. Thanks for joining us today. With me on the call are OPI's President and Chief Operating Officer, Chris Bilotto; and Chief Financial Officer and Treasurer, Matt Brown. In just a moment, they will provide details about our business and our performance for the first quarter of 2023, followed by a question-and-answer session with sell-side analysts.
First, I would like to note that the recording and retransmission of today's conference call is prohibited without the prior written consent of the company. Also note that today's conference call contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws.
These forward-looking statements are based on OPI's beliefs and expectations as of today, Thursday, April 27, 2023, and actual results may differ materially from those that we project. The company undertakes no obligation to revise or publicly release the results of any revision to the forward-looking statements made in today's conference call.
Additional information concerning factors that could cause those differences is contained in our filings with the Securities and Exchange Commission, or SEC, which can be accessed from our website, opireit.com or the SEC's website. Investors are cautioned not to place undue reliance upon any forward-looking statements.
On today's conference call, we will be discussing the planned merger with Diversified Healthcare Trust in our prepared remarks. We have not yet filed a preliminary joint proxy and registration statement with the SEC, and therefore, will not be taking questions about the merger.
In addition, we will be discussing non-GAAP numbers during this call, including normalized funds from operations, or normalized FFO; cash available for distribution, or CAD; and cash basis net operating income, or cash basis NOI.
A reconciliation of these non-GAAP figures to net income are available in our enhanced earnings release presentation that we issued last night, which can be found on our website. We believe this combined presentation of information will be helpful for analysts and investors to efficiently digest information about our company and our results.