Blackstone Mortgage Trust, Inc. (BXMT) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. You're on hold for the Blackstone Mortgage Trust fourth quarter and full year 2025 investor call. At this time, we're gathering additional participants and should be underway shortly. We appreciate your patience and ask that you continue to hold. Good day and welcome to the Blackstone Mortgage Trust fourth quarter and full year 2025 investor call. Today's call is being recorded. At this time, all participants are in listen-only mode. If you require operator assistance at any time, please press star zero. If you'd like to ask a question, please signal by pressing star one on your telephone keypad. If you're using a speakerphone, please make sure your mute function is turned off to allow your signal to reach our equipment. At this time, I'd like to turn the call over to Tim Hayes, Vice President, Shareholder Relations. Please go ahead. Good morning, and welcome everyone to Blackstone Mortgage Trust's fourth quarter and full year 2025 earnings conference call. I'm joined today by Tim Johnson, Chief Executive Officer, Tony Marone, Blackstone's Global Head of Real Estate Finance, Austin Pena, President, and Marcin Urbasic, Incoming Chief Financial Officer. This morning, we filed our 10-K initiative press release with a presentation of our results. which are available on our website and have been filed with the SEC. I'd like to remind everyone that today's call may include forward-looking statements which are subject to risks, uncertainties, and other factors outside of the company's control. Actual results may differ materially. For discussion of some of the risks that could affect results, please see the risk factors section of our most recent 10-K. We do not undertake any duty to update forward-looking statements. We will also refer to certain...