earnings
confidence high
sentiment positive
materiality 0.75
EPR Properties Q2 net income $12.5M vs loss last year; resumes $0.25 monthly dividend; guides FFOAA $2.76-$2.86
EPR PROPERTIES
2021-Q2 EPS reported
$0.13
revenue$237,127,000
- Q2 net income available to common shareholders $12.5M ($0.17 diluted EPS) vs net loss of $69.0M ($0.90 loss) in Q2 2020; total revenue $125.4M.
- FFOAA of $50.6M ($0.68 per share) vs $31.4M ($0.41) in Q2 2020; AFFO $53.0M ($0.71) vs $33.3M ($0.44).
- Early termination of covenant relief period effective July 13, reducing interest rates by 100-125 bps and removing restrictions on investments and dividends.
- Common dividend resumed at $0.25 per month ($3.00 annualized), payable Aug 16 to holders of record July 30.
- Introduced 2021 FFOAA guidance of $2.76-$2.86 per diluted share; Q2 cash collections 85% of contractual revenue; 99% of theatres open.