EPR Properties

Good day, and thank you for standing by. Welcome to the Q2 2022 EPR Properties Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during that session, you'll need to press star 1-1 on your phone. Please be advised that today's conference is being recorded, and I would now like to hand the conference over to your speaker today, Mr. Craig Evans, Executive VP. Mr. Evans. Please go ahead.

Thank you, Chris. And thanks, everyone, for joining us today for our second quarter 2022 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. I'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 these contemplated by such forward-looking statements. Discussion of those factors that could cause results to differ materially from these forward-looking statements are contained in the company's SEC filings included with 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 the supplemental information furnished to the SEC under Form 8K. 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, which is www.eprkc.com. Now I'll turn the call over to Greg Silvers. Thank you, Craig.

Good morning, everyone, and thank you for joining us on today's second quarter 2022 earnings call-in webcast. During the quarter, we delivered meaningful growth in top-line revenue and earnings, along with consistent collections in our scheduled deferrals. These results reflect the strong consumer demand for the experiences our tenants offer and the continuing resurgence of the experience economy. Since our last call, Theater Exhibition has continued to build strong momentum, anchored by the mega-hit Top Gun Maverick. Patients paid off handsomely for Paramount Pictures as they delayed the title several times, recognizing that Theater Exhibition was essential in maximizing revenues for the title. We are also pleased by the strong results produced from several titles and genres that appeal to a broader set of the population. demonstrating that additional age cohorts will return to the theater if relevant content is offered. We look forward to the remainder of 2022 as theater exhibition continues its positive momentum and regains its position as the dominant form of out-of-home entertainment. Additionally, many of our other experiential properties continue to perform at or above 2019 levels. While consumers are faced with uniquely high inflation, We have yet to see any material inflationary impact on attendance at our properties, and we believe we will continue to be well positioned as our properties offer the key attributes of lower price points at easily accessible locations across the U.S. and Canada. Turning to our investment spending, we are pleased to accelerate our pace of deployment into attractive investments with solid economics, utilizing our cash on hand. we acquired several unique and top performing properties which fit our regional experiential profile. These investments also demonstrate our ability to leverage our long-term commitment to experiential assets and deep relationships in the industries into quality investments. Our focus on continued growth and diversification is supported by the strength of our balance sheet and our cash flow generation. As our recovery continues, we're delivering sector-leading earnings growth a well-covered monthly dividend, and a strong long-term growth profile. Our in-place portfolio is delivering solid performance, while our strategy of identifying and executing on quality investments should deliver superior returns. By continuing to execute on this strategy, we believe we will create meaningful shareholder value, which is not currently reflected in our share price. Finally, we are pleased to announce that we are raising guidance for our 2022 FFO as adjusted per share. This reflects our increased earnings power and strong recovery of our tenants. Now I'll turn the call over to Greg Zimmerman to talk more about our portfolio.