secwatch.observer — SEC 8-K summary
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Issuer:     EPR PROPERTIES (EPR)
CIK:        0001045450
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001045450-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045450/000104545023000063/0001045450-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045450/000104545023000063/epr-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001045450-23-000063

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