Good morning. My name is Jason. I'll be your conference facilitator. At this time, I would like to welcome everyone to Granite Point Mortgage Trust third quarter 2022 financial results conference call. All participants will be on a listen-only mode. After the speaker's remarks, there will be a question and answer period. Please note this call is being recorded. I would now like to turn the call over to Chris Petta with investor relations for Granite Point. Please go ahead. Thank you, and good morning, everyone. Thank you for joining our call to discuss Granite Point's third quarter 2022 financial results. With me on the call this morning are Jack Taylor, our President and Chief Executive Officer, Marcin Urbaszek, our Chief Financial Officer, Steve Alpart, our Chief Investment Officer and Co-Head of Originations, Peter Morral, our Chief Development Officer and Co-Head of originations, and Steve Plust, our Chief Operating Officer. After my introductory comments, Jack will review our current business activities and provide a brief recap of market conditions. Steve Alpart will discuss our portfolio, and Marcin will highlight key items from our financial results. The press release and financial tables associated with today's call were filed yesterday with the SEC and are available in the Investor Relations section of our website, along with our Form 10-Q. I would like to remind you that remarks made by management during this call and the supporting slides may include forward-looking statements which are uncertain and outside of the company's control. Forward-looking statements reflect our views regarding future events and are subject to uncertainties that could cause actual results to differ materially from expectations. Please see our filings with the SEC for a discussion of some of the risks that could affect results. We do not undertake any obligation to update any forward-looking statements. We will also refer to certain non-GAAP measures on this call. This information is not intended to be considered in isolation or as a substitute for financial information presented in accordance with GAAP. A reconciliation of these non-GAAP financial measures to the most comparable GAAP measures can be found in our earnings release and slides, which are now available on our website. I'll now turn the call over to Jack. Thank you, Chris, and good morning, everyone. We would like to welcome you all to our third quarter 2022 earnings call. Over the course of the third quarter, volatility in the capital markets continued to increase, with rapidly rising interest rates, tightening financial conditions, and reduced liquidity across asset classes, while the geopolitical environment remained unstable. While many market participants expect the Fed to pause in 2023, given the magnitude and speed of recent rate increases, there's less clarity about the full impact of the Fed's actions on the broader economy. With respect to commercial real estate, transaction volume has declined, and there is downward pressure on property values. As we have seen historically, U.S. commercial real estate remains a global safe haven in times like these. While the market uncertainty has kept many investors on the sidelines for now, waiting for more clarity, there are several hundred billion dollars of capital waiting to be invested. As compared to the global financial crisis, banks are far better capitalized, and the supply and demand fundamentals of commercial real estate are generally a better balance. Our strategy of originating first mortgage loans on high quality U.S. real estate has proven to be resilient, with our loans supported from the volatility of real estate values by the healthy equity investments of our borrowers. Granite Point benefits from our granular portfolio. As of September 30, our $3.6 billion portfolio consists of 97 loans with an average balance of $37 million. Nevertheless, given these uncertain times, it is prudent in the near term to maintain a cautious stance, emphasizing liquidity and actively managing both sides of our balance sheet. To that effect, we have scaled back our originations by closing only one new loan during the third quarter, which resulted in a lower portfolio balance as we continue to realize loan repayments and build up our liquidity position. Despite the market volatility, during the third quarter, we realized over $340 million of loan repayments. Over 40% of these repayments included loans on office properties and over 30% were hotel assets. Additionally, so far in the fourth quarter, we have realized about $150 million of repayments, of which about 80% were office loans. Year to date, repayments total over $740 million, with about 50% being office loans. These repayments have continued despite the ongoing market uncertainty and demonstrate the resilience of our portfolio, our asset management capabilities, and the benefits of our strategy. In this regard, our repayments have benefited from what seems to be somewhat more liquidity from middle-market property sales and financings. Also, we proactively work with our borrowers to provide them with more flexibility and time to navigate market challenges as they continue to invest additional equity to support their properties. We are seeing an ongoing commitment by our borrowers to their assets with over $125 million of fresh equity invested into their properties over the last year or so. Our leverage remains moderate at 2.6x at quarter end and is meaningfully below our targeted 3-3.5x, while our financing sources are diverse and we continue to increase our funding flexibility. We maintain a well-balanced financing mix with the majority of our total fundings being non-mark-to-market. During the third quarter, we closed on a new $100 million non-mark-to-market loan financing facility, further expanding our funding capacity for a wider range of assets while enhancing our liquidity management. We are currently exploring additional funding sources to potentially add to our financing mix and provide us with further optionality. Our portfolio generally has performed well despite the current difficult market and select individual credit issues. Even so, considering the evolving environment, headwinds remain for the industry. Therefore, for the third quarter, we have adjusted down our risk ratings on select loans and increased our CECL reserves. With this period of elevated macroeconomic uncertainty and capital market volatility, we intend to maintain our measured stance while drawing on the broad experience of our team to successfully navigate this environment as we have done during prior cycles. I would now like to turn the call over to Stephen Alpart to discuss our portfolio activities in more detail. Thank you, Jack, and thank you all for joining our call this morning. We ended the third quarter with an aggregate committed balance of $3.9 billion and a principal balance of about $3.6 billion, including $313 million of future funding commitments, which accounts for less than 10% of our total commitments. Our portfolio is well diversified across geographies and property types and includes 97 investments with an average loan size of approximately $37 million. Our loans continue to deliver an attractive income stream with a favorable overall credit profile, generating a realized yield of about 5.6% with a weighted average stabilized LTV at origination of 63%. Given our cautious stance due to the market environment, during the third quarter, we closed one new multifamily loan with a total commitment of $45 million and funded about $70 million of total loan principal, which included approximately $28 million on existing commitments. Despite the decline in commercial real estate transaction activity, our repayments and loan paydowns totaled approximately $347 million in the third quarter, which outpaced loan funding and resulted in a $270 million decline in our portfolio balance over the quarter. As of September 30th, our portfolio weighted average risk rating was 2.6, which was largely unchanged from the prior quarter of 2.5, as rating downgrades, which were mainly driven by overall market conditions and challenges in the office sector, were offset by rating upgrades. During the quarter, we moved two of our office loans with total UPB of $123 million to a risk rating of five, placed them on non-accrual status and established a $20 million CECL reserve for these two loans. The collateral properties securing these loans have been negatively impacted by the ongoing impact of the pandemic on office leasing and reduced market liquidity, especially for office properties. We are in active discussions with each of the borrowers and are evaluating a variety of potential resolution alternatives and will provide more information as we have it. As of September 30th, we had four loans with risk ratings of five totaling $330 million in principal and CECL reserves of about $50 million. During October, we successfully resolved one of our five-rated non-accrual loans, the $114 million loan secured by a retail property in Pasadena, California. The resolution involved a property sale through a deed in lieu, with Granite Point providing this well-capitalized buyer with a new loan supported by their meaningful cash equity investment. We are pleased with the outcome as it allowed us to resolve the loan while also creating a new earning asset on a delivered basis. We continue to actively work to resolve our other risk-rated five loans. Given the overall market uncertainty, the exact timing and outcome remain hard to predict. In light of the slowdown in real estate transaction volume and pressure on property values, we expect to remain measured in our approach to originations. We've been very pleased with the relatively healthy pace of loan repayments we've experienced this year, particularly in the office sector. Considering the continued repayments in the fourth quarter, we expect a modest decline in portfolio balance by the end of the year. I will now turn the call over to Marcin for a more detailed review of our financial results. Thank you, Steve. Good morning, everyone, and thank you for joining us today. Yesterday afternoon, we reported a third quarter GAAP net loss of $29.1 million or $0.56 per basic share, which reflects a provision for credit losses of $35.4 million or $0.68 per basic share. Distributable Earnings for the third quarter were $8.7 million or $0.17 per basic share and exclude the provision expense. Our Q3 book value declined by about $0.77 per share to $15.24, and was mainly affected by the increase in CECL reserves, which at quarter end totaled $85.6 million or $1.63 per common share and represented about 218 basis points of our total loan commitments. Away from the credit reserve build, our third quarter results were also affected by a $3.6 million or $0.7 per basic share decline in net interest income, driven by two factors. One, our non-accrual loans, and two, loans with high rate floors that did not benefit from a full quarter of higher interest rates. As of September, the benchmark rates were above all of our interest rate floors and our portfolio is now 100% rate sensitive, excluding the non-accruals. During the third quarter, we downgraded two office loans to a risk rating of five and placed them on non-accrual status. At September 30, we had four loans with a total principal balance of about $330 million that were on non-accrual status. We estimate that these assets impacted our interest income by about $4 million or about $0.08 per share during the third quarter. However, as Steve just discussed. We successfully resolved a non-accrual loan in late October, the $114 million retail asset in California, resulting in a new earning asset and releasing additional capital. During the third quarter, we increased our CECL reserves to $85.6 million from $50.1 million at June 30. About $30 million of the increase was related to our four loans with risk ratings of five. At quarter end, the aggregate allowance allocated to these loans totaled about $50 million. As just mentioned, 1 of these loans was resolved in the fourth quarter. The main driver of our Q3 CECL reserve increase relates to deteriorating market conditions, reduced liquidity in the capital markets, delays in execution of business plans, and our overall conservative view of the macro environment. Turning to our capitalization and liquidity, our total debt-to-equity ratio at September 30 modestly decreased to 2.6 x from 2.7x at the end of June, mainly due to loan repayments and deleveraging of certain assets. We ended the third quarter with about $168 million in unrestricted cash, plus another $45 million in restricted cash, mostly in our CLOs. Since quarter end, we contributed certain loan assets into our CLOs, releasing capital, realized additional prepayments, and as of November 7, we had over $220 million in unrestricted cash on the balance sheet. We anticipate satisfying our convertible bond maturity in December with cash on hand, and we continue to work on further improving our liquidity and developing additional financing sources. To that point, during the third quarter, we closed on a new $100 million facility, providing us loan-level financing on a non-mark-to-market basis, allowing for additional funding flexibility within our capital structure. Our risk-rated 5 loans have been meaningfully delivered over time, and two of them are financed on a non-mark-to-market basis, and we anticipate that the remaining non-accruals will also be financed on non-mark-to-market basis in the near term. Thank you again for joining us today. With that, we would like to open the call for questions. We'll now begin the question-and-answer session. To ask a question, you may press star then one on your touchtone phone. If you're using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star then two. At this time, we'll pause momentarily to assemble our roster. Our first question comes from Doug Harter from Credit Suisse. Please go ahead. Thanks. Just wanted to follow up on that last thing you said, Marcin, about adding some potential leverage against some of the non-accruals. Is there any way you could help size that and, you know, just to give us, you know, some added comfort in the liquidity and how that looks post the convert maturity? Sure. Good morning, Doug. Thanks for joining us. Thanks for your question. Look, the advance rates are sort of, you know, loan-by-loan specific. So, it's hard to be, you know, very specific as to what that is. We do anticipate, you know, after we pay our bonds to sort of build up our liquidity to sort of where we've been, somewhere ±$100 million, which we believe is an appropriate level. You know, we may go a little bit higher after that if, as we get more repayments. So as you heard us say, you know, in the prepared remarks, we're focused on managing liquidity and liabilities and, you know, the types of financing that we closed in the third quarter provide additional funding flexibility. We may add another one of such facilities just again to increase funding flexibility if we have to move certain assets between different financing vehicles. You know, also keep in mind, you know, during the pandemic, we had almost twice the REPO exposure that we have today, and we're really significantly delivered, which also sort of provides additional optionality when we may relever some assets going forward once sort of the market stabilize. Just on the new facility, it looks like as of 9:30 A.M., it was like a 35% advance rate. Can you talk about was that kind of an interim level of leverage on that? What is kind of the stabilized advance rate on that facility? Again, it really depends on what asset. It's really asset specific. It sort of varies, depending on which loans are financed there. Again, it's like with every type of facility, like it sort of, it varies depending on an asset. Okay, thanks. Again, if you have a question, please press star then one. Our next question comes from Steve DeLaney from JMP Securities. Please go ahead. Thanks. Good morning, everyone. Wanted to ask about the new Phoenix loan. It has been around for some time, 2017 origination. Can you just give us sort of some background on that loan and what recent event or development triggered the, you know, the downgrade? I assume it was a four previously, but what triggered the downgrade to a five at this point? Hey, Steve. It's Steve, good morning. Thank you for joining us this morning. Sure. The Phoenix office loan, this is one of the loans that we moved this quarter, from a four to a five. The property itself is well located. It's been nicely renovated. It has institutional quality sponsorship. The borrower had come very close on some leasing. However, the leasing market in Phoenix has been sluggish. Continued slowness in the business plan, soft leasing market, were some of the triggers going to your question why we decided to downgrade it this quarter. We're looking at a bunch of options, as we mentioned, and we'll provide, you know, more information as we have it. It sounds vaguely similar to the conversation we had about San Diego, I think, the prior quarter. I guess the difference, and fortunately, this one is a $30-some million loan and not a $90 million loan. A lot easier to work with, I guess. Okay, thanks. That's helpful to hear. You mentioned that you, I believe if I heard you right, that $30 million of your CECL reserve is spread across your 3-5 rated loans, correct? It was $50 million at the end of the quarter. Oh, $50 million. Across those four loans. One was resolved in October, the retail loan. That was the Pasadena. Okay. Got it. Correct. $15 million including Pasadena, right? How much was on Pasadena? I'm trying to think of what is last on our chart. You can see in our notes about $16 million. Six- $16.5. Okay, very good. $16, correct. I do recall that. Right. That was your what you estimated your loss to be. Okay, fine. Thank you. On the portfolio, I understand clearly your comment about the convert maturity. I wasn't focused on that, so that makes a lot of sense why you would kind of restrict lending here to recover some cash, along with your new facility. Once you get through the fourth quarter and the convert, do you have a target level for the portfolio? I mean, I think the total commitments were like $3.9 million in September. How small would you see the portfolio potentially growing? I think we kinda need that for modeling purposes. Thanks. There are no more questions in the queue. Oh, wait one second. I'm sorry. I was on mute and I didn't realize. Oh, sorry. I am. No, sure. This is Jack. Steve? Yeah. Good to speak with you as usual. Yes, sir. Listen, we believe that there will be a modest portfolio decline in balance by year-end, and we expect that the rate of prepayments will slow down. Okay Over the course of the year. You know, we had a pretty healthy rate during this year. As we pointed out. Sure Even in the first month of this quarter. Historically, we said that we would have on a normal market run rate portfolio prepayment would be about 25%. Sure. We kinda came close to that this year, or anticipate that we will. We'll fall short of it. We definitely expect to see a lower pace of repayments in the year. That's balanced off by the fact that we're building liquidity and being very cautious in this uncertain market. We're not looking to add a lot of loans in the near term. While the repayments will slow down, our originations will stay quite modest in the meantime. I think we would see a modest decline in the portfolio balance in the beginning of the year until we seek some greater stability. Understood. Not just a one-time event, but we should expect, you know, kinda limited originations for another quarter or two is what I'm hearing. Yes. So- That's it. Very, very good. Exactly right. Thanks for clarifying that, Jack. Thank you. Stay well. Bye-bye. You too. There are no more questions in the queue. This concludes our question and answer session. I'd like to turn the conference back over to Jack Taylor for any closing remarks. Well, thank you very much, operator. For those of you that have been attending with us, we'd like to thank you for joining our call. Also I'd like to thank you for your continuing support of our business. Thank you to the team here helping us navigate through this tough environment and getting ready for the future. We look forward to speaking with you all soon. Conference is now concluded. Thank you for attending today's presentation. You may now disconnect.