Gladstone Land Corporation

Greetings. Welcome to Gladstone Land Corporation third quarter 2022 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 zero on your telephone keypad. Please note this conference is being recorded. I will now turn the conference over to David Gladstone, Chief Executive Officer and President. Thank you. You may begin.

All right. Thank you, Sherry. That was a nice introduction. This is David Gladstone, and welcome to the quarterly conference call for Gladstone Land. I want to thank you all for calling in today. We appreciate you taking time out of your day to listen to our presentation. We're going to start with Michael Lacalce. He's our general counsel and secretary. He's also the president of the Gladstone administration, the administrator for all of our funds. Michael, go ahead.

Thanks, David. Good morning, everybody. Today's report may include forward-looking statements under the Securities Act of 1933, 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 Form 10-Q, 10-K, and other documents we file with the SEC, and you can find them on our website, www.gladstoneland.com, specifically the Investors page, or on the SEC's website, which is sec.gov. And 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, FFO is a non-GAAP accounting term defined as net income excluding the gains or losses from the sale of real estate nor any impairment losses from property, plus depreciation and amortization of real estate assets. We may 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 GAAP rents to normalized cash rents. and we believe these are better indications of our operating results and allow better comparability of our period-over-period performance. Now, 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, the Gladstone Companies, and on Twitter, at Gladstone Comps. Today's call is an overview of our results, so we ask that you review our press release in Form 10-Q, Both issued yesterday for more detailed information. Again, go to the investor's page of our website to find them. Now I'll turn the presentation back to David Gladstone.