EPR Properties Q3 FFOAA $1.47 beats; raises FY23 FFOAA guidance to $5.10-$5.18

EPR PROPERTIES

2023-Q3 EPS reported $1.45 revenue$533,687,000

Total revenue $189.4M (+17% YoY); net income $50.2M ($0.66 diluted EPS) vs $44.8M ($0.60) in Q3 2022.
Regal master lease effective Aug 1 with $65M annual rent; Santikos acquisition paid $11.6M deferred rent, booked as revenue.
Collected $19.3M deferred rent in Q3; over $150M collected since COVID-19 pandemic.
Strong liquidity: $173M cash, no revolver draw, all debt fixed-rate with only $136.6M maturing in 2024.
2023 FFOAA guidance raised to $5.10-$5.18 from $5.05-$5.15; investment spending narrowed to $225M-$275M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

EPR PROPERTIES reported 2023 results: EPS 5.10 to 5.18. Guidance raised.

Period: 2023
EPS: 5.10 to 5.18
Guidance: raised
Result: guidance update

Exact text from the filing

The Company is increasing FFOAA per diluted common share guidance for 2023 from a range of $5.05 to $5.15 to a range of $5.10 to $5.18

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Source: SEC EDGAR

accession 0001045450-23-000071

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