EPR Properties (EPR) Tops Q3 EPS

EPR Properties (NYSE: EPR) reported Q3 EPS of $1.58, $0.85 better than the analyst estimate of $0.73. Revenue for the quarter came in at $184.86 million versus the consensus estimate of $160.35 million.

Third Quarter Company Headlines

• Strong quarter anchored by continued demand for experiential assets
• Year-to-date investment spending of $684.7 million
• Record low bond yield and spread on new 10-year unsecured notes
• Well positioned balance sheet with ample capacity
• Increasing guidance for FFOAA per diluted common share and investment spending

CEO Comments

“Our third quarter results built on the strong earnings and investment momentum we have established to date,” commented Greg Silvers, President and CEO. “Our expertise in experiential real estate aligns well with an ever growing demand for these assets as consumers continue to demonstrate their desire to spend on experiences. Our confidence in the Company’s outlook is further supported by our recent bond issuance, which was at a record low rate for the Company. With ongoing solid performance in our tenant categories, enhanced investment capacity, a favorable cost of capital, and an attractive growth pipeline, we are increasing both our FFOAA per share and investment spending guidance for the year.”

For earnings history and earnings-related data on EPR Properties (EPR) click here.

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