Farmland Partners, Inc. (NYSE:FPI) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET

Company Participants

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

Conference Call Participants

Robert Stevenson - Janney
Scott Fortune - ROTH Capital Partners
Buck Horne - Raymond James
John Massocca - B. Riley
Craig Kucera - Lucid Capital Markets

Operator

Thank you for standing by. And welcome to the Farmland Partners, Incorporated Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Luca Fabbri, President and CEO. Please go ahead.

Luca Fabbri

Thank you, Rochelle. Good morning and welcome to Farmland Partners third quarter 2024 earnings conference call and webcast. We truly 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 General Counsel, Christine Garrison, for some customary preliminary remarks. Christine?

Christine Garrison

Thank you, Luca, and thank you to everyone on the call. The press release announcing our third 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 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, October 31, 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 market.

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 third quarter 2024 earnings, which is available on our website, farmlandpartners.com and is furnished as an exhibit to our current report on Form 8-K dated October 30, 2024.