This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

Farmland Partners Inc.
7/27/2022
Good afternoon. Thank you for attending today's Farmland Partners Incorporated Q2 2022 earnings call. My name is Forum and I will be your moderator for today's call. All lines will remain muted during the presentation portion of the call with an opportunity for questions and answers at the end. If you would like to ask a question, please press star one on your telephone keypad. It is now my pleasure to pass the conference over to our host, Paul Pittman, Chairman and CEO of Farmland Partners. Mr. Pittman, please proceed.
Thank you. Good morning and welcome to Farmland Partners second quarter 2022 earnings conference call and webcast. We appreciate you taking the time to join these calls because they are an important opportunity for the company's management to inform you about our thinking and strategy in a format less formal and more interactive than public filings and press releases. Before we begin the formalities of the call, I do want to make one comment. We are reporting the very best quarter this company has probably ever had. In a stunning level of incompetence, Reuters published us in the middle of the night as having a quarterly loss, which was picked up from what we can tell by several other news sources and spread around. That explains why our stock price is down instead of up after reporting an absolutely fantastic quarter. So we will go through the details as we continue. But I did want to start off with making everyone aware that there are news sources out there that in error show us that a four cent net income loss when in fact it is a four cent net income gain. With that, I'm going to turn it over to our general counsel, Christine Garrison, for some customary preliminary remarks. Christine?
Thank you, Paul, and thank you to everyone on the call. The press release announcing our second quarter earnings was distributed after market closed yesterday. The supplemental package has been posted to the investor relations section of our website under the subheader, presentations, and other materials. For those who listened to the recording of this presentation, we remind you that the remarks made herein are as of today, July 27, 2022, and will not be updated subsequent to this call. During this call, we will make forward-looking statements, including statements related to the future performance of our portfolio, our identified and potential acquisitions and dispositions, impact of acquisitions, dispositions, and financing activities, business development opportunities, as well as comments on our outlook for our business, rent, and the broader agricultural market. We will also discuss certain non-GAAP financial measures, including net operating income, SFO, adjusted SFO, EBITDA RE, and adjusted EBITDA RE. Definitions of these non-GAAP measures, as well as reconciliations to most comparable GAAP measures, are included in the company's press release announcing second quarter earnings. which is available on our website, farmlandpartners.com, and is furnished as an exhibit to our current report on Form 8K. Listeners are cautioned that these statements are subject to certain risks and uncertainties, many of which are difficult to predict and generally beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations, and we advise listeners to review the risk factors discussed in our press release distributed yesterday and in documents we have filed with or furnished to the SEC. I would now like to turn the call to our Chairman and CEO, Paul Pittman. Paul? Paul Pittman Great.
You're reading a preview of the FPI Q2 2022 earnings call.
Free account.