EPR Properties Q2 FFOAA per share $1.28, up 9% YoY; guides FY2023 FFOAA $5.05-$5.15

EPR PROPERTIES

2023-Q2 EPS reported $0.78 revenue$344,303,000

Net income $7.6M ($0.10 diluted) vs $34.9M ($0.46) prior year, includes $42.4M impairment on Regal surrendered properties.
FFOAA per diluted share $1.28 vs $1.17 prior year; AFFO per share $1.31 vs $1.23; revenue $172.9M up 8%.
Regal restructuring effective July 31: new master lease for 41 theatres with $65M annual rent, 10% escalation every 5 years.
FY2023 FFOAA guidance $5.05-$5.15 per share (9% midpoint growth); investment spending $200-$300M.
Liquidity: $99.7M cash, $1B revolver undrawn; all debt fixed-rate, next maturity 2024; collected $135M COVID deferred rent.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EPR PROPERTIES reported second quarter and six months ended June 30, 2023 results: revenue $ 172,907, net income 7,560, EPS 0.10. Guidance initiated.

Period: second quarter and six months ended June 30, 2023
Revenue: $ 172,907
Net income: 7,560
EPS: 0.10
Guidance: initiated
Result: reported results

Exact text from the filing

the second quarter ended June 30, 2023 (dollars in thousands, except per share data): Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Total revenue $ 172,907 $ 160,446 $ 344,303 $ 317,918 Net income available to common shareholders 7,560 34,876 59,184 71,035 Net income available to common shareholders per diluted common share 0.10 0.46

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Source: SEC EDGAR

accession 0001045450-23-000063

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