earnings
confidence high
sentiment positive
materiality 0.80
EPR Properties Q4 net income $0.51/sh; raises dividend 10%; 2022 FFOAA guidance $4.30-$4.50
EPR PROPERTIES
2021-FY EPS reported
$1.00
revenue$531,680,000
- Q4 2021 revenue $154.9M, net income $38.5M ($0.51 diluted) vs net loss of -$26.0M (-$0.35) in Q4 2020.
- Full-year 2021 FFOAA per diluted share $3.09; 2022 guidance $4.30-$4.50, representing 42% midpoint growth.
- Monthly dividend increased 10% to $0.275/sh ($3.30 annualized); payable April 18, 2022.
- Issued $400M 3.60% notes due 2031; redeemed $275M 5.25% notes; no debt maturities until 2024.
- Q4 cash collections 97% of contractual revenue; 2022 investment spending guidance $500M-$700M.