Gladstone Commercial Corporation (NASDAQ:GOOD) Q3 2022 Earnings Conference Call November 8, 2022 8:30 AM ET
Company Participants
David Gladstone - Chief Executive Officer
Michael LiCalsi - General Counsel & Secretary
Buzz Cooper - President
Gary Gerson - Chief Financial Officer
Conference Call Participants
Gaurav Mehta - EF Hutton
John Massocca - Ladenburg Thalmann
Craig Kucera - B. Riley
Operator
Greetings and welcome to the Gladstone Commercial Corporation Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, David Gladstone, CEO. Thank you, sir, you may begin.
David Gladstone
Thank you, Latoya. That was a nice introduction and thanks to all of you for calling in. We appreciate this time we have with you on the phone, which we had more time to talk with you to make sure you understand what we're up to.
Now, we'll hear from Michael LiCalsi. He's our General Counsel and Secretary to give a legal and regulatory matters concerning this call and the report.
Michael LiCalsi
Thanks David. Good morning, everybody. Today’s report may include forward-looking statements under the Securities Act of 1933, 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, and 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 the risk factors listed in our Forms 10-Q and 10-K and the other documents we filed with the SEC. You can find them on our website, which is gladstonecommercial.com, specifically the Investors page or on the SEC's website, which is www. sec.gov.
And 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'll discuss FFO, which is funds from operations and is a non-GAAP accounting term defined as net income, excluding gains or losses from the sale of real estate, and any impairment losses on property, plus depreciation and amortization of real estate assets. We'll also discuss core FFO, which is generally FFO adjusted for certain other non-recurring revenue and expenses. We believe these metrics are a better indication of our operating results and allow better comparability of our period-over-period performance.