Epr Properties ( (EPR) ) has released its Q3 earnings. Here is a breakdown of the information Epr Properties presented to its investors.
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EPR Properties is a diversified experiential net lease real estate investment trust (REIT) specializing in enduring experiential properties aimed at leisure and recreation, with assets spread across 44 states.
In its latest earnings report, EPR Properties announced a total revenue of $180.5 million for the third quarter of 2024, a slight decrease from the previous year. Despite this, the company reported a net income of $40.6 million available to common shareholders, and continued to make significant investments in experiential development projects.
Key highlights from the report include the establishment of a new $1.0 billion revolving credit facility, which is set to mature in 2028, enhancing EPR’s liquidity position. The company also reported investment spending of $82.0 million for the quarter, with commitments for future experiential projects. Additionally, EPR Properties narrowed its 2024 financial guidance, indicating a modest increase in Funds From Operations As Adjusted (FFOAA) per share.
Concluding the report, EPR Properties management expressed optimism about the company’s long-term growth potential, highlighting a strong balance sheet and a strategic focus on sourcing high-quality experiential assets. This positions the company well to deliver sustained value for shareholders in the future.
