BrightSpire Capital, Inc. (BRSP) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.780 Good morning, and welcome to the Brightspire Capital first quarter 2026 earnings 00:00:05.780 -- 00:00:11.087 conference call. All participants will be in listen-only mode. 00:00:11.087 -- 00:00:15.895 Should you need assistance, please signal a conference specialist by pressing the star 00:00:15.895 -- 00:00:18.599 key followed by zero. 00:00:18.599 -- 00:00:23.265 After today's presentation, there will be an opportunity to ask questions. 00:00:23.265 -- 00:00:28.533 To ask a question, you may press star, then one on your telephone keypad. 00:00:28.533 -- 00:00:33.100 To withdraw your question, please press star, then two. 00:00:33.100 -- 00:00:35.523 Please note, this event is being recorded. 00:00:35.523 -- 00:00:36.926 I 00:00:36.926 -- 00:00:40.611 would now like to turn the conference over to David Palame, General Counsel. 00:00:40.611 -- 00:00:42.494 Please go ahead. 00:00:42.494 -- 00:00:47.662 Good morning, and welcome to Brightspire Capital's first quarter 2026 earnings 00:00:47.662 -- 00:00:52.849 conference call. We will refer to Brightspire Capital as Brightspire, BRSP, 00:00:52.849 -- 00:00:57.729 or the company throughout this call. Speaking on the call today are the company's Chief 00:00:57.729 -- 00:01:02.734 Executive Officer, Mike Mazzei, President and Chief Operating Officer, Andy 00:01:02.734 -- 00:01:06.818 Witt, and Chief Financial Officer, Frank Cerasino. 00:01:06.818 -- 00:01:12.244 Before I hand the call over, please note that on this call, certain information presented 00:01:12.244 -- 00:01:16.609 contains forward-looking statements. These statements, which are based on management's 00:01:16.609 -- 00:01:21.368 current expectations, are subject to risks, uncertainties, and assumptions. 00:01:21.368 -- 00:...