Paul Elenio | CFO |
Ivan Kaufman | President & CEO |
Steve Delaney | JMP Securities |
Ryan Tomasello | KBW |
Richard Shane | JP Morgan |
Lee Cooperman | Omega Advisors |
Good day, ladies and gentlemen, and welcome to the First quarter 2019 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] And as a reminder, today's conference call is being recorded. I would now like to turn the conference over to Paul Elenio, Chief Financial Officer.