Gladstone Commercial Corporation

Good day, ladies and gentlemen, and welcome to the Gladstone Commercial Corporation fourth quarter and year-end 2018 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. If anyone should require assistance during the conference, please press star, then zero on your touch-tone telephone. As a reminder, this conference call is being recorded. I would now like to introduce your host for today's conference, Mr. David Gladstone. Sir, you may begin.

Okay, thank you, Ashley. That was a nice introduction, and thank you all for calling in. We always enjoy this time with you on the phone. I wish we had more time to talk with you, but this is the time that we report to you. Please come by and visit us. We're here in the Washington, D.C. area in a suburb called McLean, Virginia, and you have an open invitation to stop by and say hello. Now we hear from Michael LiCalsi. He's our general counsel secretary. He's also the president of Gladstone Administration, which serves as the administrator to all the public funds and related companies. He'll give you some announcements with regarding to some legal and regulatory matters. Michael.

Thanks, David, and good morning. Today's report may include forward-looking statements under the Securities Act of 1933, the Securities Exchange Act of 1934, including those regarding our future performance. These forward-looking statements involve certain risks and uncertainties that are based on our current plans, which we believe to be reasonable. Many factors may cause our actual results to be materially different, but many future results expressed are implied by these forward-looking statements, including all risk factors in our Forms 10Q, 10K, and other documents that we file with the SEC. You can find all these documents on our website, www.GladstoneCommercial.com, specifically the Investor Relations page, or even on the SEC's website, which is www.sec.gov. And we undertake no obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. And today we will discuss FFO, which is Funds From Operations. FFO is a non-GAAP accounting term defined as net income, excluding the gains or losses from the sale of real estate and any impairment losses on property, plus depreciation and amortization of real estate assets. We'll also discuss core FFO, which is generally FFO adjusted for certain other non-recurring revenues and expenses. We believe this is a better indication of our operating results and allows better comparability of our period over period performance. Please take the opportunity to visit our website, once again, gladstonecommercial.com and sign up for our email notification service. You can also find us on Facebook, Keyword there is the Gladstone Companies, and you can also find us on Twitter, and our handle there is at Gladstone Comps. Today's call is simply an overview of our results, so we ask that you review our press release and Form 10-K, both issued yesterday, for more detailed information. Again, those can be found on the Investor Relations page of our website. With that, I'll turn the presentation back over to Gladstone Commercial's President, Bob Cutlett.