earnings
confidence high
sentiment positive
materiality 0.75
EPR Properties Q1 revenue $157.5M, FFOAA $1.10/sh; raises 2022 FFOAA guidance to $4.39-$4.55
EPR PROPERTIES
2022-Q1 EPS reported
$0.48
revenue$157,472,000
- Total revenue $157.5M, up 41% YoY; net income available to common $36.2M ($0.48 diluted) vs loss of $2.7M in Q1 2021.
- FFOAA per share $1.10 vs $0.48 prior year; AFFO per share $1.16. 2022 FFOAA guidance raised to $4.39-$4.55 from $4.30-$4.50.
- Investment spending YTD $90.5M; confirms 2022 investment guidance $500M-$700M.
- Fitch upgraded to investment grade 'BBB-' with stable outlook; liquidity $323.8M cash, no revolver borrowings.
- Portfolio 96.3% leased; collected $10.2M deferred rent in Q1; total COVID-19 deferred rent collected ~$91M.