Gladstone Land Corporation

greetings and welcome to Gladstone land third quarter earnings call at this time all participants are in a listen-only mode a question-and-answer session will follow the formal presentation if anyone should require operator assistance during the conference please press star 0 on your telephone keypad as a reminder this concert being recorded I would now like to turn a conference over to your host David Gladstone chief executive officer and president thank you you may be

Well, thank you for that nice introduction. This is David Gladstone, and welcome to the quarterly conference calls for Gladstone Land. And again, thank you all for calling in today. We appreciate you take time out of your day to listen to our presentation. We're first going to start with Eric. Eric Helmuth is in the office today for Michael Lacalce. Eric is our Deputy General Counsel, and he is also the one of the big guns in the administration side of our business, and that's the administrator for all the Gladstone funds. Eric, why don't you start?

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. These forward-looking statements involve certain risks and uncertainties that are based upon our current plans, which we believe to be reasonable. 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 in our Form 10-K and other documents we file with the SEC. Those can be found on our website, www.gladstoneland.com, specifically the Investors page, or on the SEC's website at 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 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 from property, plus depreciation and amortization of real estate assets. We will also discuss core FFO, which we generally define as FFO adjusted for certain non-recurring revenues and expenses, and adjusted FFO, which further adjusts core FFO for certain non-cash items, such as converting gap rents to normalized cash rents. We believe these are better indications of our operating results and allow better comparability of our period-over-period performance. Please take the opportunity to visit our website, www.gloucestownland.com, and sign up for our email notification service so that you can stay up to date on the company. You can also find us on Facebook, keyword the Gladstone Companies, and we have our own Twitter handle, at Gladstone Comms. Today's call is an overview of our results, so we ask you to review our press release and form 10Q, both issued yesterday, for more detailed information. Again, those can be found on the investors page of our website. Now I'll turn the presentation back to David Gladstone.