earnings
confidence high
sentiment neutral
materiality 0.70
EPR Properties Q2 net income jumps to $39.1M on flat revenue; FFOAA $1.22, reaffirms 2024 outlook
EPR PROPERTIES
2024-Q2 EPS reported
$1.26
revenue$340,327,000
- Net income available to common shareholders Q2 $39.1M ($0.51 diluted EPS) vs $7.6M a year ago; revenue essentially flat at $173.1M.
- FFOAA per diluted share $1.22 vs $1.28 YoY; AFFO per share $1.20 vs $1.31.
- Reaffirmed 2024 FFOAA guidance $4.76-$4.96; raised disposition proceeds guidance to $60-75M from $50-75M.
- Q2 investment spending $46.9M (YTD $132.7M); committed $180M for experiential development.
- Declared monthly dividends totaling $0.855/share in Q2, annualized $3.42, up 3.6% YoY.