ACRES Commercial Realty Corp. (NYSE:ACR) Q1 2023 Results Conference Call May 4, 2023 11:00 AM ET

Company Participants

Kyle Brengel - VP

Mark Fogel - President and CEO

Dave Bryant - CFO

Andrew Fentress - Chairman

Conference Call Participants

Steve Delaney - JMP Securities

Stephen Laws - Raymond James

Operator

Good day, and welcome to the ACRES Commercial Realty Corp., First Quarter 2023 Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Kyle Brengel. Please go ahead.

Kyle Brengel

Good afternoon, and thank you for joining our call. I would like to highlight that we have posted the first quarter 2023 earnings presentation to our website. This presentation contains summary and detailed information about the quarterly results of the Company.

Before we begin, I want to remind everyone that certain statements made during this call are not based on historical information and may constitute forward-looking statements. When used in this conference call, the words beliefs, anticipates and expects and similar expressions are intended to identify forward-looking statements.

Although the Company believes that these forward-looking statements are based on reasonable assumptions, such statements are based on management's current expectations and beliefs and are subject to several trends, risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements.

These risks and uncertainties are discussed in the Company's reports filed with the SEC, including its reports on Forms 8-K, 10-Q and 10-K, and in particular, the Risk Factors section of its Form 10-K. Listeners are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

The Company undertakes no obligation to update any of these forward-looking statements. Furthermore, certain non-GAAP financial measures may be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or a substitute to the financial information presented in accordance with GAAP.

Reconciliations of non-GAAP financial measures to the most comparable measures prepared in accordance with generally accepted accounting principles are contained in the earnings presentation for the past quarter.

With me on the call today are Mark Fogel, President and CEO; and Dave Bryant, ACR's CFO. Also available for Q&A is Andrew Fentress, Chairman of ACR.