Gladstone Land Corporation

Greetings and welcome to the Gladstone Land Second Quarter Earnings and Webcast Conference Call. At this time, all participants are in a listen-only mode. A brief 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, sir. You may begin.

Thank you, LaTanya, for that nice introduction. This is David Gladstone, and welcome to the quarterly conference call for Gladstone Land. Thank you all for calling in today. We appreciate you taking time out of your busy day to listen to our presentation. We always start out with Michael Lacalce. He's our general counsel secretary. He's also president of the administration side of the business. Michael?

Thanks, David. Good morning, everybody. Today's report may include forward-looking statements under Securities Act of 1933. and 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 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 Forms 10-Q and 10-K that we file with the SEC, and find them on the Investors page of our website at gladstoneland.com. You can also find them on the SEC's website, and that's 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. And today we'll discuss FFO, which is 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. We may also discuss core FFO, which is generally 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, once again, gladstoneland.com. Sign up for our email notification service so you can stay up to date on the company. You can also find us on Facebook. Keyword there is the Gladstone Companies, and on Twitter is at Gladstone Comps. Today's call is an overview of our results, so we ask that you review our press release and 10Q, both issued yesterday, for more detailed information. Again, go to the investors' page of our website to find them there. And with that, I'll turn the presentation back to David Gladstone.