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[Operator Instructions] I would like to remind everyone, that this call is being recorded. I am Jonathan Cohen, President and CEO of Resource Capital Corp.I would now like to turn the conference over to your host Jonathan Cohen, President and CEO of Resource Capital Corp. Before I begin, I would like to ask Purvi Kamdar, our Director of Investor Relations to read the Safe Harbor Statement. When used in this conference call the words believes, anticipates, expects, and similar expressions are intended to identify forward-looking statements.
Because other REITs may not compute Core FFO per share in the same manner as we do, may not use the same terminology or may not present such a measure, Core FFO per share may not be comparable among REITs.
Although, the company believes that these forward-looking statements are based on reasonable assumptions, such statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements.
These risks and uncertainties are discussed in the company’s reports filed with the SEC including its reports in the forms 8-K, 10-Q and 10-K, and in particular, Item 1A in the Form 10-K report under the title Risk Factors.
Following the vote of a new law by the Luxembourg Parliament on 13 July 2016, the rules applying to SA and S.à r.l.
companies have been modified and modernised, in line with the objectives of contractual liberty and shareholder safety. It notably impacts the governance of SA and S.à r.l.Realized annual rent per available square foot (“REVPAF”) is computed by dividing annualized rental income, before late charges and administrative fees, by the total available rentable square feet for the period.