secwatch.observer — SEC 8-K summary
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Issuer:     EPR PROPERTIES (EPR)
CIK:        0001045450
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001045450-21-000051
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

EPR Properties Q2 net income $12.5M vs loss last year; resumes $0.25 monthly dividend; guides FFOAA $2.76-$2.86
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045450/000104545021000051/0001045450-21-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045450/000104545021000051/epr-20210727.htm
  HTML page:      https://secwatch.observer/filing/0001045450-21-000051

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