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Sep 30
EPR Q3 2025 Earnings Report
EPR Properties reported solid third quarter results, increasing FFOAA per diluted common share guidance for the year.
Key Takeaways
EPR Properties delivered solid third quarter results, with total revenue increasing by 1.0% and net income available to common shareholders surging by 49.1% compared to the prior year. The company also increased its FFOAA per diluted common share guidance for the full year, reflecting continued momentum and portfolio stability.
Total revenue for the third quarter of 2025 was $182.3 million, a 1.0% increase from the same period last year.
Net income available to common shareholders significantly increased by 49.1% to $60.554 million.
FFOAA per diluted common share rose by 5.4% to $1.37, and AFFO per diluted common share increased by 7.8% to $1.39.
The company maintains a strong liquidity position with $13.7 million cash on hand and no scheduled debt maturities until August 2026.
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
EPR Properties has updated its 2025 guidance, increasing the FFOAA per diluted common share range and adjusting investment spending and disposition proceeds expectations.
Positive Outlook
- Increased FFOAA per diluted common share guidance to $5.05 to $5.13, up from $5.00 to $5.16, representing a 4.5% increase at the midpoint over 2024.
- Anticipates materially accelerating investment spending in 2026, focusing on creating long-term shareholder value.
- Committed approximately $100.0 million in additional spending for experiential development and redevelopment projects, expected to be funded over the next 15 months.
- Maintains a disciplined deployment strategy and strong balance sheet.
- Continued strength of the box office and stability of the portfolio.
Challenges Ahead
- Net income available to common shareholders per diluted common share guidance range decreased to $3.14 to $3.22 from $3.20 to $3.36.
- Investment spending guidance range narrowed to $225.0 million to $275.0 million from $200.0 million to $300.0 million.
- Disposition proceeds guidance range increased to $150.0 million to $160.0 million from $130.0 million to $145.0 million, potentially indicating more asset sales.
- The forward-looking statements are subject to numerous risks and uncertainties, and there is no assurance that the events or circumstances reflected will occur.
- No specific negative financial guidance was provided beyond the slight adjustment in net income per share guidance.