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Sep 30, 2024
EPR Q3 2024 Earnings Report
EPR Properties reported results for the third quarter of 2024.
Key Takeaways
EPR Properties announced its Q3 2024 results, featuring a new $1.0 billion revolving credit facility and $82.0 million in investment spending. The company narrowed its FFOAA per diluted common share guidance for 2024 to $4.80 to $4.92 and investment spending guidance to $225.0 million to $275.0 million.
Entered into a new $1.0 billion revolving credit facility maturing in October 2028.
Investment spending totaled $82.0 million in Q3 2024, bringing year-to-date investment to $214.6 million.
Committed approximately $150.0 million for experiential development and redevelopment projects to be funded over the next two years.
Narrowed FFOAA per diluted common share guidance for 2024 to a range of $4.80 to $4.92.
Revenue by Segment
Forward Guidance
The Company is narrowing FFOAA per diluted common share guidance for 2024 to a range of $4.80 to $4.92 from a range $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. The Company is also narrowing investment spending guidance for 2024 to a range of $225.0 million to $275.0 million from a range of $200.0 million to $300.0 million, and updating disposition proceeds guidance to a range of $70.0 million to $100.0 million from a range of $60.0 million to $75.0 million.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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