speaker
Operator
Conference Operator

Greetings. Welcome to Gladstone Commercial's second quarter earnings call. At this time, all participants are in also no remote. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero from your telephone keypad. Please note, this conference is being recorded. At this time, I'll now turn the conference over to Mr. David Gladstone. Mr. Gladstone, please go ahead.

speaker
David Gladstone
Chairman

Well, thank you, Rob. That was a nice introduction and instructions and Thank all of you on the line for calling in and listening to us this morning. We enjoy this time together and having you on the phone. I wish there was more times like this to talk to you. I'm going to start out as we always do with Michael LiCalsi, our General Counsel and Secretary, and give us some legal and regulatory matters concerning the call today.

speaker
Michael LiCalsi
General Counsel and Secretary

Michael? Thanks, David, and 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. Now, these forward-looking statements involve certain risks and uncertainties that are based on our current plans, which we believe to be reasonable. So many factors may cause our actual results to be materially different. So many future results expressed or implied by these forward-looking statements, including all risk factors in our forms 10Q, 10K, and other documents we file with the SEC, you can find them on our website at gladstonecommercial.com Specifically, go to the Investors page or on the SEC's website, which is www.sec.gov. Now, 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. Now, that's 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, many 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. Now, we believe these metrics are a better indication of our operating results and allow better comparability of our period-over-period performance. Please take the opportunity to visit our website, once again, gladstonecommercial.com. Sign up for our email notification service. You can also find us on Facebook. Keyword there is the Gladstone Companies. We even have our own Twitter handle, and that's at GladstoneCops. Today's call is simply an overview of our results, so we ask that you review our press release and Form 10Q, both issued yesterday, for more detailed information. Again, you can find them on the Investors page of our website. Now, with that, I'll pass it over to Gladstone Commercial's president, Bob Cowlett. Bob. Thank you, Michael.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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