Thank you, and good afternoon. We have very successful 2018. The results we achieved during the year solidified the foundation to support multiple years of growth in FFO. We've seen success in both the operating and development portfolios. We'll contribute the FFO growth in 2019, accumulating into a fourth quarter run rate of 3% to 4% annualized growth over 2018 full year results. The healthy defense spending environment that existed for the past few years combined with continuing strong by bipartisan support financial defense initiatives supported last year's record setting leasing results.

In total, we leased 4.2 million square feet, 94% of which was at defense IT locations, capitalizing on the demand created by the defense spending environment. We seen highlights include; we successfully negotiated the largest volume of lease explorations since 2011; and we renewed 2.5 million square feet the most in our history, which resulted in a strong 78% retention rate. The 600,000 square feet of vacancy leasing we achieved during the year was 38% higher than 2017 levels. And development leasing of 1.1 million square feet ranked as the second best year in our 20 year history.

Last year, we outlined the five ways of demand recovery related to higher defense spending would manifest in our markets and benefit our company. At that time, we expected to realize progress in three of the five categories during 2018, and ended up achieving success in four of the five categories.

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