Good afternoon and welcome to Prologis' 2025 Annual Meeting of Stockholders. I am Hamid Moghadam, Chairman and CEO, and I'll serve as Chairman of this Annual Meeting. I'm here with Deborah Briones, our Chief Legal Officer, General Counsel, and Secretary, who will serve as Secretary of this meeting. Our directors are also in attendance at this meeting, and representatives from KPMG are independent auditors as well. Now, at this time, I'd like to call this meeting to order and turn the call over to Deborah. Thanks, Hamid, and thank you for joining us today. Please submit any questions via the web portal. For those questions we do not address during the meeting, we will post responses to our Investor Relations page on our website or otherwise respond as appropriate. The meeting will be conducted in accordance with the rules of conduct that are available on the meeting site. The notice of this meeting was properly given to all stockholders of record as of the close of business on the record date. A quorum is present at this meeting. We have three company proposals today. Number one, the election of the following director nominees: Hamid Moghadam, Cristina Bita, James Connor, George Fotiades, Lydia Kennard, Dan Letter, Bud Lyons, Gary Metcalf, Avid Modjtabai, David O'Connor, Olivier Piani, and Sarah Slusser. The advisory vote to approve our executive compensation for 2024, known generally as Say on Pay, and the ratification of our appointment of KPMG, our independent registered public accounting firm, for 2025. With respect to the stockholder proposal that was included in the proxy statement as proposal number four, titled "Support a Reasonable Shareholder's Ability to Call a Special Shareholder Meeting," we understand that John Chevedden, or his authorized representative, is on the phone line. The stockholder proposal and the company's statement of opposition to this proposal are included in the proxy statement for this meeting. In accordance with the two-minute time limitation as set forth in the rules of conduct, you may present the proposal. Please proceed. Mr. Chevedden, your line is still open. Hello, this is John Chevedden. Proposal four: Reasonable Shareholder Ability to Call for a Special Shareholder Meeting. Shareholders ask our Board of Directors to take the steps necessary to amend the governing documents to give the owners who have combined 10% of our outstanding common stock the power to call a special shareholder meeting. This proposal has already been somewhat successful in triggering the Prologis Board of Directors to improve the right to call for a special shareholder meeting weeks after this proposal was submitted. It now takes 20% of shares to call for a special shareholder meeting. There's no concern that the 10% figure to call for a special shareholder meeting in this proposal is too easy. It's almost unheard of for any special shareholder meeting called for by shareholders to ever occur at any company. The reason to have this right at a more reasonable stock ownership threshold of 10% is that with this right in place, companies are more likely to engage productively with their shareholders because shareholders will have a reasonable ability to call for a special shareholder meeting. With the widespread use of online shareholder meetings, it's also much easier for a company to conduct a special shareholder meeting for important business matters, and the bylaws thus need to be updated accordingly. Please vote yes, a reasonable shareholder ability to call for a special meeting proposal four. Thank you for your time. We will also consider the stockholder proposal at this meeting. The Board of Directors recommends voting against the stockholder proposal for the reasons stated in the proxy statement for this meeting. The polls are now open. Any stockholder who has not yet voted or wishes to change their vote may do so by following the instructions on the web portal. Stockholders who have sent in proxies or voted via telephone or internet and do not want to change their vote do not need to take any further action. As everyone has had the opportunity to vote, I declare the polls closed. The preliminary voting results are as follows. Each nominated director and company proposal has received the requisite number of favorable votes. All nominated directors are elected, and all company proposals are approved. The stockholder proposal did not receive the requisite number of favorable votes, and therefore the stockholder proposal is not approved. We are in the process of tabulating the final votes on each of the proposals voted upon and will announce the final results at a later date. This annual meeting is hereby adjourned. Thank you very much for joining us today. The meeting has now concluded. Thank you for joining. You may now disconnect.