Gladstone Commercial Corporation

Greetings. Welcome to Gladstone Commercial Corporation's year-end conference call. At this time, all participants are in listen-only mode. A brief question and answer session will follow the formal presentation. If anyone today should require operator assistance during the conference, please press star zero from your telephone keypad. Please note that this conference is being recorded. At this time, I'll turn the conference over to Mr. David Gladstone, Chief Executive Officer. Mr. Gladstone, you may now begin.

No, thank you, Rob. Nice introduction. And we thank all of you for calling in. We certainly enjoy this time we have with you. And we're on the phone and wish there were more time to talk to you. And we're going to start off as we always do with Michael Lacalce. He's our general counsel and secretary. And give us the legal and regulatory matters concerning the call today. Michael, go ahead.

Good morning, everybody. Today's report may include forward-looking statements under the Securities Act of 1933 and the Securities Exchange Act 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. The main 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 in our Forms 10-Q, 10-K, and other documents we file with the SEC. And you can find them on our website, www.gladstonecommercial.com, specifically the investors page, or on the SEC's website, which is www.sec.gov. 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. Today we will look at FFO, which is funds from operations. FFO is a non-GAAP accounting term. fund is net income excluding gains or losses from the sale of real estate and any internal 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 these metrics are a better indication of our operating results, 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'll also find us on Facebook. Keyword there is the Gladstone Companies. And on Twitter, the handle there is at GladstoneCops. Today's call is an overview of our results, so we ask that you review our press release and Form 10-K issued yesterday for more detailed information. Again, you can find them on the Investors page of our website. With that, I'll hand it back to Gladstone Commercials President, Buzz Cooper. Buzz?