EPR Q3 2021 Earnings Report
Key Takeaways
EPR Properties announced strong third quarter results, with cash collections exceeding expectations and approximately 90% of contractual cash revenue. The company also raised its 2021 earnings guidance and solidified its balance sheet position.
Cash collections from customers continued to exceed expectations, reaching approximately 90% of contractual cash revenue.
The company entered into a new $1.0 billion revolving credit facility maturing in October 2025.
EPR Properties received an investment grade rating from S&P on its unsecured debt and Moody's raised its outlook to stable.
The company closed on a public offering of $400.0 million in unsecured notes due in November 2031 with an interest rate of 3.60%.
EPR
EPR
EPR Revenue by Segment
Forward Guidance
The Company is increasing its 2021 guidance for FFOAA per diluted common share to a range of $2.95 to $3.01 from $2.76 to $2.86.
Revenue & Expenses
Visualization of income flow from segment revenue to net income