Gladstone Commercial Corporation

Ladies and gentlemen, thank you for standing by and welcome to the Gladstone Commercial Corporation fourth quarter and year-ended December 31, 2019 earnings conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 1 on your telephone. Please be advised that today's conference is being recorded. If you require any further assistance, Please press star zero. I would now like to hand the conference to your speaker today, David Gladstone. Please go ahead, sir.

All right. Thank you, Joelle, for that nice introduction, and thanks to all of you calling in this morning. We enjoy the time we have with you on these phone calls. I wish we did it more times every year, but it's once a quarter. Now we'll hear from Michael LiCalsi, our General Counsel and Secretary, to give you the legal and regulatory matters concerning this call. Michael, please.

Thanks, David. Good morning, everyone. Today's report may include forward-looking statements under the Securities Act of 1933 and 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. And many factors may cause our actual results to be materially different from any future results expressed or implied by these forward-looking statements, including all the risk factors in our Forms 10Q10K and other documents that we follow at the SEC. You can find them on our website, www.gladstonecommercial.com, specifically the investor relations page or on the SEC's website, which is www.sec.gov. And we undertake no obligation to publicly update or revise any of these public statements, whether as a result of new information, future offense or otherwise, except as required by law. 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 FFO as adjusted for comparability and core FFO, which are generally FFO adjusted for certain other non-recurring revenues and expenses. We believe these metrics are a better indication of our operating results and allow better comparability of our period-over-period performance. We ask that you visit our website, once again, gladstonecommercial.com, sign up for our email notification service, and also find us on Facebook. Keyword there is the Gladstone Companies, and we even have our own Twitter handle, and that's at Gladstone Comps. Today's call is an overview of our results, so we ask that you review our press release and the Form 10-K that we issued yesterday for more detailed information about Again, you can find them on the investor relations page of our website. With that, I'll pass the presentation over to Gladstone Commercial's President, Bob Kotlick.