Blue Owl Capital Inc. (OWL) Q4 2021 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to Blue Owl's Capital Fourth Quarter 2021 Earnings Conference Call. During the presentation, your line will remain on listen-only mode. I'd like to advise all parties that this conference is being recorded. I would now like to turn the conference over to Ann Dye, Head of Investor Relations of Blue Owl. Please go ahead. Thanks, Operator, and good morning to everyone. Joining me this morning are Doug Ostrover, our Chief Executive Officer, Mark Lipschultz and Michael Reese, our co-presidents, and Alan Kirschenbaum, our Chief Financial Officer. I'd like to remind our listeners that remarks made during the call may contain forward-looking statements which are not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control. Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time to time in Blue Owl Capital's filings with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements. We would also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our press release, available on the Investor Resources section of our website at blueowl.com. This morning, we issued our financial results for the fourth quarter of 2021 and reported fee-related earnings, or FRE, and distributable earnings, or DE, of 12 cents per share. We also declared a dividend of 10 cents per share payable on March 7 to shareholders of record as of February 28. During the call today, we'll be referring to the earnings presentation which we posted to our website this morning, so please have that on hand to ...