Hunt Companies Finance Trust, Inc. (NYSE:HCFT) Q1 2020 Earnings Conference Call - Final Transcript

May 12, 2020 • 08:30 am ET


Hunt Companies Finance Trust, Inc. (NYSE:HCFT) Q1 2020 Earnings Conference Call - Final Transcript


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Good morning and thank you for joining the Hunt Companies Finance Trust First Quarter 2020 Earnings Call. Today's call is being recorded and will be made available via webcast on the company's website. I would now like to turn the call over to Brendan Gover with Investor Relations at OREC Investment Management. Please go ahead.

Brendan Gover

Thank you and good morning, everyone. Thank you for joining our call to discuss Hunt Companies Finance Trust's first quarter 2020 financial results. With me on the call today are Jim Flynn, CEO; Mike Larsen, President; Jim Briggs, CFO; and Precilla Torres, Head of Real Estate Debt Strategies.

On Monday, we filed our 10-K with the SEC and issued a press release, which provided details on our first quarter results. We also provided a supplemental earnings presentation that can be found on our website.

Before handing the call over to Jim, I would like to remind everyone that certain statements made during the course of this call are not based on historical information and may constitute forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934. When used in this conference words such as outlook, evaluate, indicate, believes, will, anticipate, expects, intends and other similar expressions are intended to identify forward-looking statements.

Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties are discussed in the company's reports filed with the SEC, including its reports on Form 8-K, 10-Q and 10-K and in particular, the Risk Factors section of our Form 10-K.

Additionally, many of these risks and uncertainties are currently amplified and will continue to be amplified or in the future may be amplified by the COVID-19 outbreak. It's not possible to predict or identify all such risks.

Listeners are cautioned not to place undue reliance on these forward-looking statements, will speak only as of the date hereof. The company undertakes no obligation to update any of these forward-looking statements. Furthermore, certain non-GAAP financial measures will be discussed in this conference call.

A presentation of this information is not intended to be considered in isolation or as a substitute to the financial information presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be accessed through our filings with the SEC.

I will now turn the call over to Jim Flynn. Please go ahead.

James Peter Flynn

Thank you, Brendan. Good morning, everyone. Welcome to the Hunt Companies Finance Trust earnings call for the first quarter of 2020. We appreciate you all joining us today under what are very challenging circumstances for us all.

First and foremost, with regards to COVID-19, I'd like to express my hope that you and all of your families are staying safe and healthy. As we have all seen, the COVID-19 pandemic is having a significant impact