Ladies and gentlemen, good morning everybody, and welcome to our results presentation for the first three months of 2025. Thanks for dialing in. With me here is DEMIRE CFO Tim Brückner and CIO Ralf Bongers, who will talk to you later, and Julius Stinauer, our Head of Investor Relations. I'm sure you have had a chance to look at our results already, which I would summarize as solid and in line with our expectations. Just about two months ago, I presented our annual report, and now we are pleased to report the Q1 2025 results to you. We have achieved a remarkable letting volume, more than three times higher than in the first quarter of the previous year. In addition, we have extended two maturing mortgage loans, further strengthening our financial profile. On the transaction side, we continued to make progress by handing over two properties to their new owners. After covering some of the highlights, let's turn to slide number five, the executive summary, and I will briefly walk you through our key metrics that we developed in the first quarter 2025. Our annualized contractual rent as of March 2025 is at EUR 53.7 million, lower than year-end 2024 because one of our big tenants left in February 2025. The letting performance has increased significantly to over 25,000 sq m in the first quarter. The EPRA vacancy because of the tenant, GMG in Bonn, giving back a big bunch of their space, increased to 18.1%. On the transaction side, we sold two more assets in Q1 2025, and the further disposal process is ongoing. We continue with our focus of opportunistic disposals of non-strategic assets and mature assets. On the financial side, our rental income is EUR 14 million for Q1, which is 25% lower compared to the previous period. Because you might remember, we sold our assets, LogPark in Leipzig and the Limes assets are no longer part of our portfolio. FFO I is at EUR 2.1 million, which is, of course, reduced due to the declining rental income from this smaller portfolio. Net LTV 41.5%, which is pretty much in line with year-end 2024. Two maturing mortgage loans have been extended in Q1 2025, which is a further strengthening of our financials. Coming to the guidance, we confirm our guidance. Rental income 2025 will be in the range of EUR 51 million-EUR 53 million, and FFO I will be in the range of EUR 3.5 million-EUR 5.5 million. Ralf, I would now like to ask you to continue with the portfolio highlights. Yes, thank you. Yes, as already mentioned by Frank, the annualized contractual rent has decreased from EUR 56.4 million down to EUR 53.7 million. This reduction is mainly driven by the disposals of two smaller assets and the increased vacancy in one larger asset. Nevertheless, we see a very strong letting performance, and this will, of course, help us to stabilize the rental level going forward. The letting performance in Q1 this year has more than tripled with over 25,000 sq m, as already mentioned by Frank. The largest drivers of this significant increase are the prolongation of rental contracts of more than 9,000 sq m with Deutsche Telekom and more than 10,000 sq m with the DIY market. Coming to the vacancy, the EPRA vacancy increased, which is primarily a consequence of Deutsche Telekom leaving parts of their rental space in one larger asset. We expect, on the other hand, significant countering effects over the course of this year through the disposal of assets with low occupancy. Yes, the WALT has increased from 4.6 years in Q4 last year up to 4.8, which we see as absolutely sufficient for a portfolio with a predominant office share. The WALT improvements reflect mainly a prolongation with Deutsche Telekom in our large asset in Bonn and further letting achievements in our largest asset in Rostock. That's it from my side. Yeah, good morning. It's Tim. Let us run through the financial highlights. Let's start with the P&L. As Frank already said, our rental income is down to EUR 14 million, largely driven by the sale of LogPark in Leipzig and the deconsolidation of the Limes portfolio in the previous year. That effectively results in an NOI margin of 64%, representing profit from the rental of real estate of EUR 9 million. That is largely in line with the NOI profitability last year on a percentage scale. I think we can be optimistic that a reduced vacancy in the future will have a positive impact on the NOI margin. We see loss from fair value adjustments in properties. We have not revalued the entire portfolio, but we have reclassified some assets back to investment properties from asset sales for sale and otherwise, and reverse, resulting in a devaluation of EUR 9 million. On a total portfolio scale, we see a stabilization of the overall valuation in the market. Let us have a brief look on the G&A expenses. You see a slight increase versus the previous year's Q1. For total 2025, we expect overall lower G&A than in the previous year. In the financial expenses line, you see the effect of predominantly the shareholder loan that we have taken from our largest shareholder as part of the bond restructuring, which effectively results to finance expenses now of in excess of EUR 13 million for the first quarter of 2025. If we go down further to the FFO, as Frank already said, the EUR 2.1 million is significantly lower than in the previous year's period, driven by all the effects that we just mentioned. On the other hand, the EUR 2.1 million is slightly above our expectations, and Frank will finish the presentation with a comment about our guidance. On the next slide, we have a brief look at our shortened balance sheet. As you can expect, the devaluation of the properties slightly reduced the investment properties to EUR 711 million. The negative profit for the period is also having an impact on the reserves, resulting in total balance sheet volume of slightly lower than the latest published numbers from full year 2025 at EUR 953 million. As a positive sign, I guess we have prolongated some mortgage loans, two mortgage loans for more than one year, so there is a shift between the long-term and the short-term financial liabilities. On the next slide of financial highlights, we show the net LTV and the average cost of debt. The net LTV is about stable now at 41.5%. We expect the net LTV without the shareholder loan to go down when we sell further properties in the course of the next quarters this year. The average cost of debt is also stable at roughly 4.3%. The outlook for that is that we expect increasing average cost of debt because when we further prolongate mortgage loans, we usually shift finances that we raised 2019 or 2020 to current interest level, which is obviously higher than before. With that, I hand back to you, Frank. Thank you, Tim. All in all, we delivered solid results in the first quarter of 2025 and feel well prepared for the developments ahead in the remainder of the year. With this sound start, we are confident to achieve our rental income guidance of EUR 51 million-EUR 53 million and to generate FFO I of EUR 3.5 million-EUR 5.5 million as shown on page 13. Before we move to the Q&A session, I would like to make some remarks on the key priorities of DEMIRE going forward. Building on the successful extension of our bond last year, our primary objective remains further deleveraging and optimizing our financial profile. As part of this strategy, we are committed to pursuing asset sales on an opportunistic basis and further deleverage the company. At the same time, we will continue to place strong emphasis on our improving of the operational performance, and I think the high letting performance in Q1 has shown that we are able to do that, and we will ensure to unlock the full potential of our portfolio. Thanks for listening. We are now happy to answer your questions. Ladies and gentlemen, there are no registered questions. I would now like to turn the conference back over to Mr. Nickel for any closing remarks. The closing remarks I have done already, so thanks for everybody, and talk to you on the presentation of our Q2 results, which are on the 14th of August. Thank you very much.