EPR Properties (NYSE: EPR) reported Q2 EPS of $1.29, $0.46 better than the analyst estimate of $0.83. Revenue for the quarter came in at $147.8 million versus the consensus estimate of $133.38 million.

2017 Guidance

The Company is confirming its 2017 guidance for FFO as adjusted per diluted share of a range of $5.05 to $5.20. The Company is increasing its 2017 investment spending guidance to a range of $1.45 billion to $1.50 billion from $1.30 billion to $1.35 billion. Disposition proceeds are expected to total $175.0 million to $250.0 million for 2017.

FFO as adjusted guidance for 2017 is based on FFO per diluted share of $4.71 to $4.83 adjusted for estimated costs associated with loan refinancing or payoff, gain on insurance recovery, transaction costs, gain on early extinguishment of debt, termination fees included in gain on sale, deferred income tax expense and impairment of direct financing lease (allowance for lease loss portion). FFO per diluted share is based on a net income per diluted share range of $3.52 to $3.67 less estimated gain on sale of real estate of a range of $0.63 to $0.66 and the impact of Series C and Series E dilution of $0.05, plus estimated real estate depreciation of $1.83 per diluted share and impairment of direct financing lease (residual value portion) of $0.04 per share (in accordance with the NAREIT definition of FFO)

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