Blackstone Mortgage Trust, Inc. (NYSE:BXMT) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET

Company Participants

Weston Tucker - Head of Shareholder Relations

Katie Keenan - Chief Executive Officer

Tony Marone - Chief Financial Officer

Doug Armer - Executive Vice President, Capital Markets

Conference Call Participants

Don Fandetti - Wells Fargo

Steve DeLaney - JPM Securities

Jade Rahmani - KBW

Rick Shane - JPMorgan

Derek Hewett - Bank of America

Doug Harter - Credit Suisse

Operator

Welcome, everyone, to the Blackstone Mortgage Trust First Quarter 2022 Investor Call. At this point, all participant lines are in listen-only mode. [Operator Instructions]

And with that, I would like to turn the call over now to Weston Tucker, Head of Shareholder Relations. Please, go ahead.

Weston Tucker

Great. Thank you, and good morning, and welcome to Blackstone Mortgage Trust's first quarter conference call. I'm joined today by Katie Keenan, Chief Executive Officer; Austin Peña, Executive Vice President, Investments; Tony Marone, Chief Financial Officer; and Doug Armer, Executive Vice President, Capital Markets. I'd also like to introduce Tim Hayes, who recently joined the BXMT leadership team and will be working across a number of initiatives, including 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, and we'll also refer to certain non-GAAP measures on the call. For reconciliations, you should refer to the press release and our 10-Q. This audiocast is copyrighted material of Blackstone Mortgage Trust and may not be duplicated without our consent.

For the first quarter, we reported GAAP net income per share of $0.59, while distributable earnings were $0.62 per share. A few weeks ago, we paid a dividend of $0.62 per share with respect to the first quarter. If you have any questions following today's call, please let me know.

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

Katie Keenan

Thanks, Weston. We had another strong quarter of investment activity, portfolio growth, credit and earnings, further demonstrating the strength and resilience of our business model in a dynamic market environment.