Claros Mortgage Trust, Inc. (NYSE:CMTG) Q4 2022 Results Conference Call February 17, 2023 10:00 AM ET

Company Participants

Anh Huynh - VP, IR

Richard Mack - Chairman, CEO

Jai Agarwal - CFO

Mike McGillis - President, Director

Kevin Cullinan - EVP, MRECS

Priyanka Garg - EVP, MRECS Portfolio & Asset Management

Conference Call Participants

Rick Shane - JP Morgan

John Fanti - Wells Fargo

Jade Rahmani - KBW

Chris Muller - JMP Securities

Operator

Hello, everyone and welcome to Claros Mortgage Trust Fourth Quarter 2022 Earnings Conference Call. My name is Bruno and I will be your conference facilitator today. [Operator Instructions].

I would now like to hand over the call to Anh Huynh, Vice President of Investor relations for Claros Mortgage Trust. Please proceed.

Anh Huynh

Thank you. I'm joined by Richard Mack, Chief Executive Officer and Chairman of Claros Mortgage Trust; Mike McGillis, President and Director of Claros Mortgage Trust; and Jai Agarwal, CMTG's Chief Financial Officer. We also have Kevin Cullinan, Executive Vice President, who leads MRECS Originations; and Priyanka Garg, Executive Vice President, who leads MRECS Portfolio and Asset Management.

Prior to this call, we distributed CMTG's earnings supplement. We encourage you to reference these documents in conjunction with the information presented on today's call. If you have any questions following the call, please contact me.

I'd like to remind everyone that today's call may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in our other filings with the SEC.

Any forward-looking statements made on this call represent our views only as of today, and we undertake no obligation to update them. We will also be referring to certain non-GAAP financial measures on today’s call, such as net distributable earnings, which we believe may be important to investors to assess our operating performance. For non-GAAP reconciliations, please refer to the earnings supplement.

I would now like to turn the call over to Richard.

Richard Mack

Good morning, everyone, and thank you for joining us for the Claros Mortgage Trust’s fourth quarter earnings call. I do not have to remind everyone that 2022 is a volatile year, and today we remain in an economic environment of conflicting signals. The broader markets continue to wrestle with strong growth reports on the one hand and persistent inflation on the other. But signals do seem more bullish today than at year end. Deciphering the true economic impact of a sharply higher rate environment remains a central focus of investors as we attempt to anticipate how the Fed will interpret and respond to unfolding market data.