EPR Q1 2021 Earnings Report
Key Takeaways
EPR Properties reported first quarter results reflecting improved cash collections from tenants and borrowers. Approximately 71% of the Company's theatre properties were open as of April 30, 2021, and the company had cash on hand of $538.1 million at quarter-end.
Cash collections from customers continue to improve and were approximately 72% of contractual cash revenue for the first quarter of 2021.
Approximately 71% of the Company's theatre properties were open as of April 30, 2021.
The Company received $13.7 million in net proceeds from property dispositions during the first quarter.
The Company had cash on hand of $538.1 million at quarter-end.
EPR
EPR
EPR Revenue by Segment
Forward Guidance
EPR Properties anticipates that the US box office will continue to improve throughout the remainder of 2021.
Positive Outlook
- Vaccination deployment expands.
- Consumers are exhibiting their desire to re-engage in the experiences that our customers offer them.
- Most markets are largely open.
- Capacity restrictions are easing.
- The much anticipated reopening of theatres across the country is underway.
Challenges Ahead
- Local capacity restrictions.
- Limited film content.
- Challenging environment for theatre operators.
- Continued uncertainty related to the COVID-19 pandemic.
- No assurances as to the Company's ability to reinstitute cash dividend payments to common shareholders or the timing thereof.
Revenue & Expenses
Visualization of income flow from segment revenue to net income