Gladstone Land Corporation

Greetings. Welcome to Gladstone Land Corporation first quarter 2023 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.

Thank you, Sherry. That was a nice introduction. This is David Gladstone. Welcome to the quarterly conference call for Gladstone Land. And thank you all for calling in today. We appreciate the time to talk to you and listen to questions that you'll have. And we start off, as we always do, with Michael Lacalce. He's our General Counsel and Secretary. Michael, do you want to give your presentation?

Thanks, David, and good morning, everybody. Today's report may include forward-looking statements under 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. Now, 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-K, 10-Q, and other documents that we filed with the SEC. Go to our website, gladstoneland.com, Go to the investors page, you can find them there. You can also find them on the SEC's website, and that's 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'll discuss FFO, which is funds from operations, 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 performance and allow better comparability of our period-over-period performance. Please take the opportunity to visit our website. Once again, that's GladstoneLand.com. You can sign up for our email notification service there. You can stay up to date on the company by doing that. You can also find us on Facebook. Keyword there is the Gladstone Companies, and the Twitter handle is at GladstoneComps. 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 details. Again, you can find them on the Investors page of our website, And with that, I'm going to turn it back over to David Gladstone.