EPR Properties (NYSE:EPR) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET

Company Participants

Brian Moriarty - Vice President, Corporate Communications

Greg Silvers - Chairman and CEO

Greg Zimmerman - Executive Vice President and CIO

Mark Peterson - Executive Vice President and CFO

Conference Call Participants

Todd Thomas - KeyBanc Capital Markets

Rob Stevenson - Janney Montgomery Scott

Eric Wolfe - Citibank

Joshua Dennerlein - BofA Securities

John Massocca - Ladenburg Thalmann

Mitch Germain - JMP Securities

RJ Milligan - Raymond James

Michael Carroll - RBC

Operator

Good day, and thank you for standing by. Welcome to the EPR Properties First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

And without further ado, I would like to now hand the conference over to your first speaker today, Brian Moriarty, Vice President, Corporate Communications. Brian, please go ahead.

Brian Moriarty

Okay. Thank you, Eric. Thanks for joining us today for our first quarter 2023 earnings call and webcast.

Participants on today's call are Greg Silvers, Chairman and CEO; Greg Zimmerman, Executive Vice President and CIO; and Mark Peterson, Executive Vice President and CFO.

We'll start the call by informing you that this call may include forward-looking statements as defined in the Private Securities Litigation Act of 1995, identified by such words as will be intend, continue, believe, may, expect, hope, anticipate or other comparable terms. The company's actual financial condition and the results of operations may vary materially from those contemplated by such forward-looking statements. Discussion of those factors that could cause results to differ materially from those forward-looking statements are contained in the company's SEC filings, including the company's reports on Form 10-K and 10-Q.

Additionally, this call will contain references to certain non-GAAP measures, which we believe are useful in evaluating the company's performance. A reconciliation of these measures to the most directly comparable GAAP measures are included in today's earnings release and supplemental information furnished to the SEC under Form 8-K.

If you wish to follow along, today's earnings release, supplemental and earnings call presentation are all available on the Investor Center page of the company's website www.eprkc.com.

Now, I'll turn the call over to Greg Silvers.

Greg Silvers

Thank you, Brian. Good morning, everyone, and thank you for joining us on today's first quarter 2023 earnings call and webcast. We are pleased to start the year with continued momentum, highlighted by 9% growth in total revenue and 15% growth in FFOAA per share versus the same quarter prior year. We have also collected all scheduled rent from Regal due in 2023 through April, as well as the scheduled deferral payments due from all customers for the same period. These results provide further evidence of our theme of recovery and highlight the resilience of our experiential investments.