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EPR Properties (EPR)
NYSE:EPR
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.64Last Year’s EPS
$0.52Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -7.18%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The call highlighted strong strategic initiatives, such as a new $1 billion credit facility and increased investment in experiential properties, while acknowledging challenges like natural disasters impacting certain assets and slight coverage decline. Despite some setbacks, the outlook remains positive with strong box office recovery and modernization efforts.Company Guidance
During the EPR Properties Third Quarter 2024 Earnings Call, the company provided guidance reflecting their strategic focus and recent performance metrics. EPR announced the establishment of a new $1 billion revolving credit facility, enhancing their liquidity position. Their investment spending for the quarter was $82 million, focusing entirely on their experiential portfolio, which now accounts for 93% of their total investments, valued at approximately $6.4 billion. The company reported a slight decline in theater coverage from 2.2x to 2.1x due to the anticipated impact of production schedules. However, they remain optimistic about future box office recovery, increasing their 2024 box office guidance to between $8.3 billion and $8.7 billion. EPR also highlighted their focus on the growing fitness and wellness industry, including investments in climbing gyms and hot springs properties. Their guidance for Funds From Operations (FFO) as adjusted per share is narrowed to $4.80 to $4.92, with investment spending between $225 million and $275 million. Additionally, they plan to explore asset sales within their education portfolio to continue recycling capital into experiential properties.New $1 Billion Revolving Credit Facility
EPR entered into a new $1 billion revolving credit facility with more favorable terms, enhancing liquidity and financial health.
Strong Investment in Experiential Portfolio
Investment spending reached $82 million, with 100% directed to the experiential portfolio, accounting for 93% of total investments.
Theater Chain Modernization
Eight major theater chains announced $2.2 billion investment to modernize and upgrade theaters over the next three years.
TopGolf Spin-off
TopGolf announced a spin-off to enhance strategic focus, leaving it well-capitalized and debt-free.
High Lease Rates
Portfolio lease rate remains high, with 99% of properties leased, excluding those intended for sale.
Box Office Recovery
Box office guidance for 2024 increased to $8.3 billion-$8.7 billion from $8.2 billion-$8.5 billion, with a strong slate of upcoming releases.
Percentage Rent Increase
Percentage rents increased significantly to $5.9 million from $2.1 million in the prior year.
AFFO Payout Ratio
AFFO payout ratio remains strong at 66%.
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EPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $46.96 | $45.09 | -3.98% |
| Jul 31, 2024 | $43.92 | $44.18 | +0.59% |
| May 01, 2024 | $39.28 | $40.27 | +2.52% |
| Feb 28, 2024 | $39.06 | $38.76 | -0.77% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does EPR Properties (EPR) report earnings?
EPR Properties (EPR) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is EPR Properties (EPR) earnings time?
EPR Properties (EPR) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EPR EPS forecast?
EPR EPS forecast for the fiscal quarter 2024 (Q4) is $0.64.
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