Farmland Partners Inc. (NYSE:FPI) Q1 2022 Earnings Conference Call May 4, 2022 11:00 AM ET

Company Participants

Paul Pittman - Executive Chairman & CEO

James Gilligan - CFO & Treasurer

Luca Fabbri - President

Conference Call Participants

Nate Crossett - Berenberg

Dave Rodgers - Baird

Craig Kucera - B. Riley Securities FBR

Operator

Good morning. Thank you for attending today's Farmland Partners Q1 2022 Earnings Call. My name is Bethany, 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].

I would now like to pass the conference over to our host, Paul Pittman, Chairman and CEO with Farmland Partners. Please go ahead.

Paul Pittman

Good morning, and welcome to Farmland Partners First Quarter 2022 Earnings Conference Call and Webcast. We appreciate you taking the time to join us for these calls because we see them as a very important opportunity to share with you our thinking and our strategy in a format less formal and more interactive than public filings and press releases.

I will now turn over the call to our CFO, James Gilligan, for some customary preliminary remarks. James?

James Gilligan

Thank you, Paul, and thank you to everyone on the call. The press release announcing our first quarter earnings was distributed yesterday afternoon. The supplemental package was posted to the Investor Relations section of our website under the sub header presentations and other materials yesterday afternoon as well.

For those who listen to the recording of this presentation, we remind you that the remarks made herein are as of today, May 4, 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, rents and the broader agricultural markets.

We will also discuss certain non-GAAP financial measures including net operating income, FFO, adjusted FFO, EBITDARE and adjusted EBITDARE. Definitions of these non-GAAP measures as well as reconciliations to the most comparable GAAP measures, are included in the company's press release announcing first quarter earnings, which is available on our website, farmlandpartners.com and is furnished as an exhibit to our current report on Form 8-K dated May 3, 2022.