Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q3 2022 Earnings Conference Call October 26, 2022 9:00 AM ET

Company Participants

Weston Tucker - Head of Investor Relations

Katie Keenan - Chief Executive Officer

Anthony Marone - Chief Financial Officer

Mike Nash - Executive Chairman

Conference Call Participants

Don Fandetti - Wells Fargo

Doug Harter - Credit Suisse

Steve DeLaney - JMP Securities

Eric Hagan - BTIG

Jade Rahmani - KBW

Stephen Laws - Raymond James

Operator

Good day, everyone, and welcome to the Blackstone Mortgage Trust Third Quarter 2022 Investor Call hosted by Weston Tucker, Head of Investor Relations. My name is Ben, and I'm your event manager. During the presentation, your lines will remain on listen-only. [Operator Instructions] I'd like to advise all parties that this conference is being recorded for replay purposes.

And now, I would like to hand it over to your host. Weston, the call is yours.

Weston Tucker

Great. Thanks, Ben, and good morning and welcome to Blackstone Mortgage Trust's third quarter conference call. I'm joined today by Mike Nash, Executive Chairman; Katie Keenan, Chief Executive Officer; Austin Pena, Executive Vice President, Investment; Anthony Marone, Chief Financial Officer; and Tim Hayes, Shareholder Relations.

This morning, we filed our 10-Q and issued a press release with a presentation of our results, which are available on our website and have been filed with the SEC. I'd like to remind everyone that today's call may include forward-looking statements which are uncertain and outside of the company's control. Actual results may differ materially. For a discussion of some of the risks that could affect results, please see the Risk Factors section of our most recent 10-K.

We do not undertake any duty to update forward-looking statements. We will also refer to certain non-GAAP measures on the call. And for reconciliations, you should refer to the press release and our 10-Q. This audio cast is copyrighted material of Blackstone Mortgage Trust and may not be duplicated without our consent.

So for the third quarter, we reported GAAP net income per share of $0.60, while distributable earnings were $0.71 per share. A few weeks ago, we paid a dividend of $0.62 per share with respect to the third quarter. If you have any questions following today's call, please let Tim or me know.

And with that, I'll now turn things over to Katie.

Katie Keenan

Thanks, Weston. The capital markets today reflects significantly heightened uncertainty around global economic conditions. But on the ground, BXMT's fundamental performance this quarter once again underscored the stability, resilience and earnings power of our business.