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Mar 31, 2023
EPR Q1 2023 Earnings Report
EPR Properties reported strong results driven by continued recovery and strategic investments.
Key Takeaways
EPR Properties announced strong first quarter results with a significant increase in net income per diluted common share and FFOAA per diluted common share, driven by the ongoing recovery from the COVID-19 pandemic and strategic investments in experiential properties. The company is maintaining a strong liquidity position and continues to collect deferred rent payments.
Net income per diluted common share grew by approximately 44% compared to the prior year.
FFOAA per diluted common share increased by approximately 15% year-over-year.
Investment spending totaled $66.5 million, including the acquisition of a fitness and wellness property.
Collected $6.5 million of deferred rent from cash basis customers and $0.6 million from accrual basis customers.
EPR
EPR
EPR Revenue by Segment
Revenue by Segment
Rental Revenue
CapyFin.comOther Income Revenue
CapyFin.comMortgage and Other Financing Income Revenue
CapyFin.com Forward Guidance
Due to uncertainties related to Regal's bankruptcy, EPR Properties is not providing 2023 earnings guidance but confirms investment spending guidance of $200 million to $300 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income