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Jun 30, 2024
EPR Q2 2024 Earnings Report
Reported operating results with investment spending focused on experiential build-to-suit development and redevelopment projects.
Key Takeaways
EPR Properties announced second quarter results with total revenue of $173.1 million and net income available to common shareholders of $39.1 million. The company reaffirmed its FFOAA per diluted common share guidance for 2024 of $4.76 to $4.96 and investment spending guidance of $200.0 million to $300.0 million.
Investment spending totaled $46.9 million, bringing year-to-date investment spending to $132.7 million.
Committed approximately $180.0 million for experiential development and redevelopment projects.
As of June 30, 2024, had cash on hand of $33.7 million and no borrowings on its $1.0 billion unsecured revolving credit facility.
Confirmed FFOAA per diluted common share guidance for 2024 of $4.76 to $4.96.
Revenue by Segment
Forward Guidance
The Company is confirming its 2024 earnings guidance for FFOAA per diluted common share of $4.76 to $4.96, representing an increase of 3.2% at the midpoint over 2023 after excluding the impact from both years of out-of-period deferred rent and interest collections from cash-basis customers included in income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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