Farmland Partners Inc. (NYSE:FPI) Q2 2024 Earnings Call July 25, 2024 11:00 AM ET

Company Participants

Luca Fabbri - President and Chief Executive Officer
Christine Garrison - General Counsel
Paul Pittman - Executive Chairman
James Gilligan - Chief Financial Officer
Susan Landi - Incoming Chief Financial Officer

Conference Call Participants

Scott Fortune - ROTH Capital
Rob Stevenson - Janney
John Massocca - B. Riley Securities

Operator

Thank you for standing by. My name is Greg and I will be your conference operator today. At this time, I would like to welcome everyone to Farmland Partners, Inc. Q2 2024 Earnings Call. [Operator Instructions] Thank you. I would now like to turn the call over to Luca Fabbri, President and CEO. Luca, please go ahead.

Luca Fabbri

Thank you, Greg. Good morning everybody and welcome to our second quarter 2024 earnings conference call and webcast. We appreciate your presence here on this call and taking the time to join us, because we see them as very, very important opportunities to share more informally, our thinking and our strategy in a more interactive format, rather than the usual SEC public filings and press releases.

But first, let me turn the call over to our General Counsel, Christine Garrison for some customary preliminary remarks. Go ahead, Christine.

Christine Garrison

Thank you, Luca 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 sub-header Events and Presentations. For those who listen to the recording of this presentation, we remind you that the remarks made herein are as of today, July 25, 2024 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 second 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 July 24, 2024.