ACRES Commercial Realty Corp. (NYSE:ACR) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET

Company Participants

Mark Fogel – President and Chief Executive Officer

Dave Bryant – Chief Financial Officer

Kyle Brengel – Vice President

Andrew Fentress – Chairman

Conference Call Participants

Rick Pleczko – Austin Ventures

Operator

Good day ladies and gentlemen and welcome to the First-Quarter 2022 ACRES Commercial Realty Corp Earnings Conference Call. Currently, all participants are in a listen-only mode. Later we will conduct a question and answer session with instructions to follow at that time. If anyone requires assistance during the conference, [Operator Instructions]. As a reminder, this call is being recorded. I would now like to introduce your host for today's conference. Kyle Brengel, Vice President. You may begin.

Kyle Brengel

Good afternoon and thank you for joining our call. 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 word beliefs, anticipates, 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 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 as 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. I will now turn the call over to Mark.

Mark Fogel