Blackstone Inc. (BX) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.400 Good day and welcome to the Blackstone Mortgage Trust third quarter 2025 investor call. 00:00:05.400 -- 00:00:09.286 Today's call is being recorded. At this time, all participants are in listen-only mode. 00:00:09.286 -- 00:00:14.274 If you require operator assistance at any time, please press star zero. 00:00:14.274 -- 00:00:18.020 If you would like to ask a question, please signal by pressing star one on your telephone 00:00:18.020 -- 00:00:22.266 keypad. If you're using a speakerphone, please make sure your mute function is turned 00:00:22.266 -- 00:00:25.090 off to allow your signal to reach our equipment. 00:00:25.090 -- 00:00:29.013 At this time, I'd like to turn the conference over to Tim Hayes, Vice President, Shareholder 00:00:29.013 -- 00:00:32.014 Relations. Please go ahead. 00:00:32.096 -- 00:00:36.140 Good morning, and welcome, everyone, to Blackstone Mortgage Trust's third quarter 2025 00:00:36.140 -- 00:00:40.784 earnings conference call. I'm joined today by Katie Keenan, Chief Executive Officer, 00:00:40.784 -- 00:00:45.908 Tim Johnson, Chair of BX&T's Board and Global Head of Breds, Tony Marone, Chief 00:00:45.908 -- 00:00:51.413 Financial Officer, Austin Pena, Executive Vice President of Investments, and Marcin 00:00:51.413 -- 00:00:56.608 Urbasic, Deputy Chief Financial Officer. This morning, we filed our 10-Q and issued 00:00:56.608 -- 00:01:00.033 a press release with a presentation of our results, which are available on our website 00:01:00.033 -- 00:01:02.916 and have been filed with the SEC. 00:01:02.916 -- 00:01:06.021 I'd like to remind everyone that today's call may include forward-looking statements 00:01:06.021 -- 00:01:09.826 which are subject to risks, uncertainties, and other factors outside of the c...