Operator
Thanks, and good morning, everybody. I wish to thanks for becoming a member of us right this moment for Rithm Property Belief’s First Quarter 2026 Earnings Name. Becoming a member of me right this moment are Michael Nierenberg, Chief Govt Officer of Rithm Capital and Rithm Property Belief; and Nick Santoro, Chief Monetary Officer of Rithm Capital and Rithm Property Belief.
All through the decision, we’re going to reference the earnings complement that was posted this morning to the Rithm Property Belief web site, www.rithmpropertytrust.com. In case you’ve not already finished so, I might encourage you to obtain the presentation now. I wish to level out that sure statements made right this moment will likely be forward-looking statements. These statements, by their nature, are unsure and will differ materially from precise outcomes. I encourage you to overview the disclaimers in our press launch and earnings complement concerning forward-looking statements and to overview the danger components contained in our annual and quarterly experiences filed with the SEC. As well as, we will likely be discussing some non-GAAP monetary measures throughout right this moment’s name. Reconciliations of those measures to essentially the most immediately comparable GAAP measures will be present in our earnings complement.
And with that, I’ll flip the decision over to Michael.
Michael Nierenberg
President, CEO & Director
Thanks, Emma. Good morning, everybody, and thanks for becoming a member of us. For the quarter, the corporate had a fairly uneventful quarter as we proceed to search for alternatives that might be a

