Gladstone Land Corporation

Greetings and welcome to the Gladstone Land Corporation second quarter earnings 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 a 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, Chairman and Chief Executive Officer. Thank you, sir. You may begin.

Okay, thank you, LaTonya, for that nice introduction. You've done it many times for us, and we appreciate your effort. 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 the time out of your day to listen to our presentation. But before I begin, we have to hear from Michael LaCalce. He's our general counsel. So, Michael.

Thanks, David. Good morning, everybody. Today's report mentioned forward-looking statements under the Securities Act of 1933. Securities Exchange Act of 1934, including those regarding our future performance. Now, 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. For many future results expressed are implied by these forward-looking statements, including all the risk factors listed in our Forms 10-Q, 10-K, and other documents we file with the SEC. Find them on our website. That's gladstoneland.com. specifically go to the investor's page or on the SEC's website. That's www.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. Now, today we will 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 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. Now, we ask that you take the opportunity to visit our website. Once again, that's 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 Twitter, which is at Gladstone Comps. Today's call is an overview of our results. So we ask that you review our press release and Form 10Q, both issued yesterday, for more detailed information. Again, go to the investors' page of our website to find them. Now I'll turn the presentation back to David Gladstone.