Gladstone Land Corporation

Greetings and welcome to the Gladstone Land Corporation Fiscal Year-End Earnings 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, CEO and President David Gladstone. Thank you, David. You may begin.

Well, thank you, Paul. That was a nice introduction. And this is David Gladstone. And welcome to the quarterly conference call for Gladstone Land. This is also our year end, so you get a double barrel place in our systems of things that we're going to tell you about. And thank you all for calling in today. We appreciate you taking the time to listen to our presentation. We always start off with Michael Lacalce. He's our general counsel and secretary, and he's the president of Gladstone administration, the administrator for all of Gladstone funds. Michael, you're up.

Thanks, David. Good morning, everybody. Today's report may include forward-looking statements of the Securities Act of 1933, 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. Many factors may cause our actual results to be materially different. Many future results expressed are implied by these forward-looking statements, including all risk factors in our Forms 10-Q, 10-K, and other documents we file at the SEC. Find these on our website, that's gladstoneland.com, specifically the Investors page, or on the SEC's website at www.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. Today, we will 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 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, once again, gladstoneland.com, and 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 Twitter, at Gladstone Comps. Today's call is an overview of our results, so we ask that you review our press release and 10-K, both issued yesterday, for more detailed information. And you can find them on the investor's page of our website. With that, I'll turn it back to David Gladstone.