secwatch.observer — SEC 8-K summary
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Issuer:     EPR PROPERTIES (EPR)
CIK:        0001045450
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001045450-23-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1045450/000104545023000071/0001045450-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1045450/000104545023000071/epr-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001045450-23-000071

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