Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET
Company Participants
Lindsey Crabbe - Director, Investor Relations
Richard Byrne - Chairman and Chief Executive Officer
Jerry Baglien - Chief Financial Officer and Chief Operating Officer
Michael Comparato - President
Conference Call Participants
Matthew Erdner - Jones Trading
Stephen Laws - Raymond James
Steven Delaney - Citizens JMP
Thomas Catherwood - BTIG.
Operator
Good day and welcome to the Franklin BSP Realty Trust Third Quarter 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Lindsey Crabbe, Director of Investor Relations. Please go ahead.
Lindsey Crabbe
Good morning. Thank you, Wyatt, for hosting our call today. And thanks everyone for joining us.
With me on the call today are Richard Byrne, Chairman and CEO of FBRT; Jerry Baglien, Chief Financial Officer and Chief Operating Officer of FBRT; and Michael Comparato, President of FBRT.
Before we begin, I want to mention that some of today’s comments are forward-looking statements and are based on certain assumptions. Those comments and assumptions are subject to inherent risks and uncertainties as described in our most recently filed SEC periodic report and actual future results may differ materially. The information conveyed on this call is current only as of the date of this call, November 05, 2024. The company assumes no obligation to update any statements made during this call, including any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Additionally, we will refer to certain non-GAAP financial measures, which are reconciled to GAAP figures in our earnings release and supplementary slide deck. Each of which are available on our website at www.fbrtreit.com. We will refer to the supplementary slide deck on today’s call.
With that, I will turn the call over to Rich Byrne.
Richard Byrne
Great. Thanks Lindsey. And good morning to everyone and thank you for joining us on this Election Day morning. As Lindsey mentioned, our earnings release and supplemental deck were published to our website yesterday. We're going to begin today's call on Slide 4 by reviewing our third quarter results and then we'll as always, open the call to your questions.
Also, as always, I will provide a brief overview of the quarter's key developments and then Jerry will discuss our financial results and Mike will cover market conditions, our watch list and our REO portfolio. So with all that, let me start out with an overarching comment about how we, and probably mostly every CRE lender thinks about the world. When we think about our portfolio, we think about it in two buckets.