Farmland Partners Inc. (NYSE:FPI) Q2 2022 Results Conference Call July 27, 2022 1:00 PM ET
Company Participants
Paul Pittman - Executive Chairman & CEO
Christine Garrison - General Counsel
Luca Fabbri - President
James Gilligan - CFO & Treasurer
Conference Call Participants
Rob Stevenson - Janney
Buck Horne - Raymond James
Dave Rodgers - Baird
Operator
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 be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions]
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.
Paul Pittman
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.
I want 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 at a $0.04 net income loss when in fact it is a $0.04 net income gain.
With that, I'm going to turn it over to our General Counsel, Christine Garrison, for some customary preliminary remarks. Christine?
Christine Garrison
Thank you, Paul, and thank you to everyone on the call. The press release announcing our second quarter earnings was distributed after market close yesterday. The supplemental package has been posted to the Investor Relations section of our website under the sub header, Presentations and Other Materials. For those who listen 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.