EPR Q4 2021 Earnings Report
Key Takeaways
EPR Properties reported strong fourth-quarter results with cash collections at 97% of contractual cash revenue. The company is introducing FFOAA per diluted common share guidance for 2022 of $4.30 to $4.50, representing an increase of 42% at the midpoint versus 2021 performance.
Cash collections from customers were approximately 97% of contractual cash revenue for the fourth quarter of 2021.
The Company entered into a new amended and restated $1.0 billion unsecured revolving credit facility that matures in October 2025.
Closed on a public offering of $400.0 million in unsecured notes due in November 2031 with an interest rate of 3.60%.
At December 31, 2021, the Company had cash on hand of $288.8 million and no borrowings on its $1.0 billion unsecured revolving credit facility.
EPR
EPR
EPR Revenue by Segment
Forward Guidance
The Company is introducing its 2022 guidance for FFOAA per diluted common share of $4.30 to $4.50, the midpoint of which represents approximately 42% growth over 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income