Stuart Rothstein | Chief Executive Officer and President |
Jai Agarwal | Chief Financial Officer, Treasurer and Secretary |
Douglas Harter | Credit Suisse AG |
Steven Delaney | JMP Securities LLC |
Stephen Laws | Raymond James |
Jade Rahmani | Keefe, Bruyette |
Charles Arestia | JPMorgan Chase |
Timothy Hayes | BTIG, LLC |
Ladies and gentlemen, thank you for standing by. I'd like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc., and that any unauthorized broadcast in any form is strictly prohibited. Information about the audio replay of this call is available in our earnings press release. I'd also like to call your attention to the customary Safe Harbor disclosure in our press release regarding forward-looking statements.