Unknown Analyst's questions to EPR Properties (EPR) leadership • Q1 2025
Question
A Bank of America Merrill Lynch analyst asked for clarification on the $2.9 million percentage rent and participating interest true-up, questioning if it was completely retroactive or if it impacts future calculations.
Answer
EVP & CFO Mark Peterson clarified that while the $2.9 million was for a prior period, the resolution of the underlying calculation issue also has a positive, forward-looking impact. EVP & CIO Gregory Zimmerman added that the true-up resulted from successful discussions with tenants about their rent calculations, which will benefit the company in future periods as well.