Gladstone Commercial Corporation

Ladies and gentlemen, thank you for standing by and welcome to the Gladstone Commercial Corporation's first quarter earnings ended March 31st, 2020 earnings call and web conference call. 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 then 0. I would now like to hand the conference over to your speaker today, Mr. David Gladstone. Thank you. Please go ahead.

Well, thank you, Jimmy, for that nice introduction, and thanks to all of you for calling in. This is David Gladstone, and we do enjoy this time we have with you on the phone. I wish we were doing it more than just once a quarter. All the people here are healthy. We've got some people working from home and some here in the office we designated as an As an essential business, so we do have people working here in the office and everything seems to be going fine. So at this point, then I'll turn it over to Michael LiCalsi. He's our general counsel and secretary. He's going to give you a legal and regulatory matters concerning call in and the report. Michael. Thanks, David. Good morning.

Today's report may include forward-looking statements under the Securities Act of 1933 and 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. 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 risk factors that we include in our Forms 10Q10K, and other documents that we've filed with the SEC. You can find these on our website, which is gladstonecommercial.com. Specifically, it's on 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 forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Now, 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 revenue and expenses. and we believe these metrics are a better indication of our operating results and allow better comparability of our period over period performance. We ask everyone to take the opportunity to visit our website, once again, gladstonecommercial.com. Please sign up for our email notification service there. You can also find us on Facebook. Keyword is Gladstone Companies and our Twitter handle 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 10Q issued yesterday for more detailed information. Again, you can find them on the Investor Relations page of our website. Now, with that, I'll hand the baton back to Gladstone Commercial's President, Bob Kotlin. Bob?