EPR Q4 2022 Earnings Report
Key Takeaways
EPR Properties reported a strong fourth quarter and year-end for 2022, demonstrating significant earnings growth and recovery from the COVID-19 pandemic. The company executed on its investment pipeline, collected deferred rent, and maintained a strong liquidity position.
Net income per diluted share and FFOAA per diluted share grew significantly for the year ended December 31, 2022.
Investment spending for 2022 totaled $402.5 million, focused on experiential acquisitions and development projects.
The company collected $4.6 million of deferred rent from accrual basis customers and $6.2 million from cash basis customers during the fourth quarter.
As of December 31, 2022, the company had $107.9 million in cash on hand and no borrowings on its $1.0 billion unsecured revolving credit facility.
EPR
EPR
EPR Revenue by Segment
Forward Guidance
Due to the uncertainty related to Regal's bankruptcy proceedings, the Company is not providing 2023 earnings guidance at this time. The company is providing 2023 investment spending guidance of a range of $200.0 million to $300.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income