Q4 2022 Claros Mortgage Trust Inc Earnings Call

The conference will begin shortly.

Please standby.

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Hello, everyone and welcome to collateral mortgage Trust fourth quarter 2022 earnings Conference call.

Name is Bruno and I will be your conference facilitator today.

All participants will be in listen only mode.

After the Speakers' remarks, there will be a question and answer period.

You will have the opportunity to ask a question by pressing star followed by one on your telephone keypad.

I would now like to hand over the call to an UN Vice president of Investor Relations for <unk>.

<unk> mortgage trust. Please proceed.

Thank you.

I'm joined by Richard Mack, Chief Executive Officer, and Chairman of Claris Mortgage Trust.

Magellan, President and director of Claris mortgage trusts and Jai Agarwal.

Mtge's Chief Financial Officer.

We also have Kevin Cullinan Executive Vice President who leads our direct origination.

Priyanka Garg executive Vice President, who leads and portfolio and asset management.

Prior to this call we distributed CMT achieved earning supplement.

We encourage you to reference these documents in conjunction with the information presented on today's call.

If you have any questions. Following the call. Please contact me.

I'd like to remind everyone that today's call may include forward looking statements within the meaning of the private Securities Litigation Reform Act of $19 95.

Actual results may differ materially from those indicated by these forward looking statements as a result of various important factors, including those discussed in our other filings with the SEC.

Any forward looking statements made on this call represent our views only as of today and we undertake no obligation to update them.

We will also be referring to certain non-GAAP financial measures on today's call such as net distributable earnings, which we believe may be important to investors to assess our operating performance for non-GAAP reconciliation. Please refer to the earnings supplement.

Now I'd like to turn the call over to Richard.

Good morning, everyone and thank you for joining us for the Claris mortgage trust fourth quarter earnings call.

I do not have to remind everyone that 2022 was a volatile year.

Today, we remain in an economic environment.

Quick things signals.

The broader markets continue to wrestle with strong gross reports on the one hand and persistent inflation on the other.

The signals do you seem more bullish today than at year end.

Decipher the true economic impact of a sharply higher rate environment remains a central focus of investors as we intent to anticipate the fed will interpret in response to unfolding market data.

This is probably the number one factor impacting non office real estate assets.

And it is our view and the asset valuation race between rising rents and interest rates rising rates seem to be winning at this moment.

Still.

There are so many factors in flux that may impact the economic outlook in the coming quarters.

China's decision to end zero Covid policy continued volatility in global energy and food prices and ongoing geopolitical risks are just a few.

As a result, our perspective on the economy remain circumspect and.

And is generally in line with consensus views of a mild recession occurring most likely during the second half of 2023.

With all this in mind <unk> is approaching.