EPR Properties (NYSE:EPR) Q4 2022 Results Conference Call February 23, 2023 8:30 AM ET

Company Participants

Brian Moriarty - VP, Corporate Communications

Greg Silvers - Chairman, CEO

Mark Peterson - EVP, CFO

Greg Zimmerman - EVP, CIO

Conference Call Participants

John Massocca - Ladenburg Thalmann

Joshua Dennerlein - BofA Securities

Ki Bin Kim - Truist

R.J. Milligan - Raymond James

Rob Stevenson - Janney Montgomery Scott

Aditi Balachandran - RBC Capital Markets

Operator

Good day, and thank you for standing by. Welcome to the Quarter 4 EPR Properties Earnings Conference Call. [Operator Instructions]. Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Brian Moriarty. Please go ahead.

Brian Moriarty

Thank you, Chris. Thanks for joining us today for our fourth quarter and year-end 2022 earnings call and webcast. Participants on today's call are Greg Silvers, Chairman and CEO; and 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 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 fourth quarter and year-end 2022 earnings call and webcast. For the full year, we delivered 52% per share growth in FFO as adjusted, demonstrating our continuing recovery and the resilience of our experiential investments.

This resilience is also reflected in our improving theater rent coverage levels and the continued strength of our non-theater rent coverage. Even against the backdrop of recession fears, the consumer continues to support our affordable drive to experiential properties.