Gladstone Land Corporation

Greetings and welcome to the Gladstone Land Corporation year-end 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, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Mr. David Gladstone, Chief Executive Officer and President. Thank you. You may begin.

Thank you, Darrell. That's a nice introduction, and this is, to repeat again, David Gladstone, and welcome to the quarterly conference call that we give every quarter. It is our year-end as well. Thank you all for calling in today. We appreciate you taking the time to listen to our presentation. Before I begin, we have to hear from Michael LaCalcie, our General Counsel. Michael, tell us.

Thanks, David. Good morning, everybody. Today's report may include forward-looking statements under the Securities Act of 1933. and the Securities Exchange Act of 1934, including those regarding our future performance. These 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 Forms 10-K, 10-Q, and other documents we file with the SEC. You can go to our website, GladstoneLand.com, specifically the Investors page, or the SEC's website, which is www.sec.gov, and you can find them all there. 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'll discuss FFO, which is funds from operations. Now, FFO is a non-GAAP accounting term. Definition is 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 with some adjustments for certain non-recurring revenues and expenses, and then adjusted FFO, which further adjusts core FFO for certain non-cash items, such as converting gap rents to normalized cash rents. And we do this because we believe these are better indications of our operating results and allow better comparability of our period-over-period performance Now, we once again ask you to visit our website. That's GladstoneLand.com. While you're there, you can sign up for our email notification service. You can also find us on Facebook. Keyword there is the Gladstone Companies. And on Vax, which is formerly Twitter, our handle there is at GladstoneComps. Today's call is an overview of our results, so we ask that you review our press release and the Form 10-K, both issued yesterday, for more detailed information. Now, with that, I'll turn the presentation back to David Gladstone.