earnings
confidence high
sentiment positive
materiality 0.80
EPR Properties Q2 FFOAA per share $1.17 vs $0.68 YoY; raises 2022 FFOAA guidance to $4.50-$4.60
EPR PROPERTIES
2022-Q2 EPS reported
$0.95
revenue$317,918,000
- Total revenue $160.4M (+28% YoY); net income available to common $34.9M ($0.46 diluted EPS) vs $12.5M ($0.17) prior year.
- Raises 2022 FFOAA per diluted share guidance to $4.50-$4.60 from $4.39-$4.55; confirms investment spending $500M-$700M.
- Investment spending YTD $239.2M, including $142.8M for two Canadian attractions and $50.6M for an experiential lodging interest.
- Credit loss expense $9.5M on two notes receivable for one eat & play borrower; total deferred rent collected exceeds $100M since pandemic onset.
- Portfolio 97% leased; liquidity $168.3M cash, no revolver borrowings, all fixed-rate debt with no maturities until 2024.