EPR Q1 2022 Earnings Report
Key Takeaways
EPR Properties announced positive operating results for the first quarter ended March 31, 2022, with total revenue of $157.47 million and net income available to common shareholders of $36.16 million. The company raised its 2022 guidance for FFOAA per diluted common share to a range of $4.39 to $4.55 and confirmed investment spending guidance of $500.0 million to $700.0 million.
Raised earnings guidance for 2022 and confirmed investment spending guidance.
Executed on investment pipeline with $90.5 million in experiential acquisitions, development, and redevelopment projects.
Received investment grade rating from Fitch Ratings.
Maintained a strong liquidity position with $323.8 million in cash on hand and no borrowings on its $1.0 billion unsecured revolving credit facility.
EPR
EPR
EPR Revenue by Segment
Forward Guidance
EPR Properties is increasing its 2022 guidance for FFOAA per diluted common share to a range of $4.39 to $4.55 from $4.30 to $4.50 and confirming 2022 investment spending guidance of $500.0 million to $700.0 million.
Positive Outlook
- Increasing its 2022 guidance for FFOAA per diluted common share to a range of $4.39 to $4.55
- Confirming 2022 investment spending guidance of $500.0 million to $700.0 million.
- FFO per diluted common share for 2022 is based on a net income available to common shareholders per diluted common share range of $2.09 to $2.25 plus impairment of real estate investments, net of $0.06, estimated real estate depreciation and amortization of $2.13 and allocated share of joint venture depreciation of $0.09
- Collections of deferred rent and interest from accrual basis customers that reduced receivables.
- Collections of deferred rent and interest from cash basis customers that was booked as additional revenue
Revenue & Expenses
Visualization of income flow from segment revenue to net income