Gladstone Land Corporation

Greetings and welcome to the Gladstone Land fourth quarter and year-end earnings conference 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 zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, David Gladstone, Chief Executive Officer and President. Thank you. You may begin.

All right. Thank you, Jesse. It was a nice introduction. This is David Gladstone, and welcome to the quarterly and annual conference call for Gladstone Land. And thank you all for calling in today. We appreciate you taking time to listen to our presentation. We're going to start out with Michael LaCalce. He's our general counsel and secretary. And he's also president of Gladstone Administration, which is the administrator for all of the Gladstone funds. Michael, you want to go?

Sure. Thanks, David. And good morning, everybody. 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. 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 the risk factors in our Forms 10-K and other documents that we filed with the SEC. And you can find those on our website, which is www.gladstoneland.com. Specifically, go to the Investors page or on the SEC's website. That's 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. Today, we will discuss FFO. That's funds from operations. Now, 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. Now, we may also discuss core FFO, which we generally define as FFO adjusted for certain non-recurring revenues and expenses, Also, adjusted FFO, which further adjusts core FFO for certain non-cash items, such as converting gap rents to normalized cash rents. And we believe these are better indications of our operating results and allow you to better compare our performance period over period. Now, we ask that you take the opportunity to visit our website. Once again, it's gladstoneland.com. Sign up for our email notification service so you can stay up to date on what's going on at the company. You can also find us on Facebook. Keyword there is the Gladstone Company's And our Twitter handle is at Gladstone Comps. Today's call is an overview of our results, so we ask that you review our press release and Form 10-K, both issued yesterday, for more detailed information. You can find them on the Investors page of our website. Now, with that, I'll turn it back to David.