Paul Elenio | Chief Financial Officer |
Ivan Kaufman | Chairman, President and Chief Executive Officer |
Ryan Tomasello | Keefe, Bruyette & Woods, Inc. |
Benjamin Zucker | BTIG |
Stephen Laws | Raymond James & Associates, Inc. |
Steven DeLaney | JMP Securities LLC |
Richard Shane | JPMorgan |
Leon Cooperman | Omega Advisors, Inc. |
Good day, ladies and gentlemen, and welcome to the Third Quarter 2018 Arbor Realty Trust Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded. I would now like to introduce your host for today’s conference, Paul Elenio, Chief Financial Officer.