Granite Point Mortgage Trust Inc (NYSE:GPMT) Q1 2020 Earnings Conference Call - Final Transcript

May 12, 2020 • 10:00 am ET

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Granite Point Mortgage Trust Inc (NYSE:GPMT) Q1 2020 Earnings Conference Call - Final Transcript

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Presentation
Operator
Operator

Good morning. My name is Andrea, and I will be your conference facilitator. At this time, I would like to welcome everyone to the Granite Point Mortgage Trust first quarter 2020 financial results conference call. [Operator instructions] Please note today's event is being recorded.

I would now like to turn the conference over to Chris Petta with investor relations for Granite Point. Please go ahead.

Executive
Chris Petta

Thank you and good morning, everyone. Thank you for joining our call to discuss Granite Point's first-quarter 2020 financial results. With me on the call this morning are Jack Taylor, president and CEO; Marcin Urbaszek, our CFO; Steve Alpart, our CIO; and Steve Plust, our COO. After my introductory comments, Jack will review our current business activities and a brief recap of market conditions.

Steve Alpart will discuss our first-quarter originations and our portfolio, and Marcin will highlight key items from our financial results. The press release and financial tables associated with today's call, as well as our Form 10-Q were filed yesterday with the SEC. If you do not have a copy, you may find them on our website or on the SEC's website at sec.gov. In our earnings release and slides, which are now posted in the Investor Relations section of our website, we have provided a reconciliation of GAAP to non-GAAP financial measures.

We urge you to review this information in conjunction with today's call. I would also like to mention that this call is being webcast and may be accessed on our website in the same location. Before I turn the call over to Jack, I would like to remind you that remarks made by management during this conference call and the supporting slides may include forward-looking statements. Forward-looking statements reflect our views regarding future events and are typically associated with the use of words such as anticipate, expect, estimate and believe or other such words.

We caution investors not to rely unduly on forward-looking statements. They imply risks and uncertainties, and actual results may differ materially from expectations. We urge you to carefully consider the risks described in our filings with the SEC, which may be obtained on the SEC's website at sec.gov. We do not undertake any obligation to update or correct any forward-looking statements if later events prove them to be inaccurate.

I will now turn the call over to Jack.

Executive
Jack Taylor

Thank you, Chris, and good morning, everyone. We would like to welcome you all and thank you for joining our first-quarter 2020 earnings call. Before we begin, we sincerely hope that everyone and their families remain healthy and safe during these challenging times. We also want to send our deep appreciation to all those who are at the frontlines battling this pandemic.

As this health crisis first began unfolding, we moved to ensure the safety and well-being of our personnel and to maintaining our business activities. We were very well prepared from a business continuity perspective and want to thank everyone across the organization for their preparedness and