Stuart Rothstein | Chief Executive Officer |
Jai Agarwal | Chief Financial Officer |
Stephen Laws | Raymond James |
Rick Shane | JPMorgan |
Jade Ramani | KBW |
Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter 2019 Apollo Commercial Real Estate Finance Inc. Earnings Conference Call. At this time, all participant lines are in a listen-only mode. [Operator Instructions] I like to remind everyone that today's call and webcast are being recorded. Please note that they are the property of Apollo Commercial Real Estate Finance, Inc.