Gladstone Land Corporation

Welcome to the Gladstone Land Corporation second quarter earnings call. At this time, all participants are in a listen-only mode. The 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 event is being recorded. And now I'll turn the call over to David Gladstone, Chief Executive Officer and President. Please go ahead.

Thank you, Darrell. 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 that you take time out of your busy day to listen to our presentations. Before we begin, though, we need to hear from Michael Lacalce. He's our general counsel. Michael?

Thanks, David. Good morning, everybody. Today's report may include forward-looking statements on the Securities Act of 1933 and 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. The many factors may cause our actual results to be materially different from the future results expressed or implied by these forward-looking statements, including all the risk factors you can find in our 10Q, 10K, and other documents that we file with the SEC. You can find those on our website. That's GladstoneLand.com, specifically the Investors page. or on the SEC's website, which is www.sec.gov. Then 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 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, also adjusted FFO, which further adjusts core FFO for certain non-cash items, such as converting gap rents to normalized cash rents. Now, we believe these are better indications of our operating results and allow better comparability of our period-over-period performance. Please visit our website. Once again, that's gladstoneland.com. You can also sign up for our email notification service there. You can also find us on Facebook, and that's at the Gladstone Companies is the keyword there, and then Twitter is at Gladstone Comps. Today's call is an overview of our results, so we ask that you review our press release and Form 10-Q, both issued yesterday, for more detailed information. With that, I'll turn it back to David Gladstone. David?