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Jun 30, 2021

EPR Q2 2021 Earnings Report

Reported operating results, highlighted by early termination of covenant relief and resumption of monthly cash dividend.

Key Takeaways

EPR Properties announced positive second-quarter results, marked by the early termination of their covenant relief period and the resumption of monthly cash dividends. Cash collections improved, property openings neared 100%, and the company maintained a strong liquidity position.

Early Termination of Covenant Relief Period due to favorable performance.

Resumption of Monthly Cash Dividend to Common Shareholders at $0.25 per share.

Cash collections from customers continue to improve and were approximately 85% of contractual cash revenue.

Approximately 99% of the Company's theatre and 100% of the Company's non-theatre locations were open.

Total Revenue
$125M
Previous year: $106M
+17.9%
EPS
$0.68
Previous year: $0.41
+65.9%
AFFO per Share
$0.71
Previous year: $0.44
+61.4%
Gross Profit
$111M
Previous year: $91M
+21.6%
Cash and Equivalents
$510M
Previous year: $1.01B
-49.4%
Total Assets
$6.14B
Previous year: $7B
-12.3%

EPR

EPR

EPR Revenue by Segment

Forward Guidance

The Company is introducing its 2021 guidance for FFOAA per diluted common share of $2.76 to $2.86.

Revenue & Expenses

Visualization of income flow from segment revenue to net income