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EPR Properties (EPR)
NYSE:EPR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.68Last Year’s EPS
0.78Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong per-share earnings growth, disciplined capital recycling, a fortified balance sheet and an acceleration of experiential investment activity backed by clear capital-market actions (a $550M note issuance and a $400M ATM). Key operational strengths include a large, highly leased portfolio, improved percentage rent collection and full-year box office growth. Near-term headwinds include Q4 box office volatility, weather-driven ski revenue impacts, elevated G&A and Q1 seasonality. On balance the highlights notably outweigh the lowlights: management is confident in execution, raised investment cadence with supporting financing, and maintained dividend coverage.Company Guidance
Strong Per-Share Earnings Growth
FFO as adjusted per share: Q4 $1.30 vs $1.23, +5.7%; Full year FFO as adjusted $5.12 vs $4.87, +5.1%. AFFO per share: Q4 $1.30 vs $1.22, +6.6%; Full year AFFO $5.14 vs $4.84, +6.2%.
Dividend Increase and Payout Coverage
Monthly dividend increased by 5.1% (effective April 15, 2026). AFFO payout ratio ~68% for Q4 and full year 2025 and expected to be ~70% at midpoint of 2026 guidance, indicating continued dividend coverage.
Expanded Investment Activity and 2026 Deployment Guidance
2025 investment spending $288.5M (Q4 $147.7M). 2026 investment spending guidance $400M–$500M (announced acceleration). Commitments include ~$85M to experiential development/redevelopment and several recent acquisitions (5 golf courses ~$90.7M, Ocean Breeze Water Park ~$23.2M, Vital climbing ~$34M).
Large, Highly Leased Portfolio
Total investments ~ $7.0B across 333 properties that are 99% leased/operated. Experiential portfolio: 278 properties, ~94% of investments (~$6.6B), 99% leased/operated. Education portfolio: 55 properties, 100% leased.
Improved Percentage Rent and Participating Interest (Q4)
Q4 percentage rents and participating interest $7.8M vs $4.9M prior year, an increase of ~$2.9M (+59.2%), driven by attraction/cultural properties and a key early childhood education tenant.
Strong Balance Sheet and Credit Metrics
Consolidated debt ~$2.9B (all fixed or hedged), blended coupon ~4.4%. Fixed charge coverage 3.4x; interest and debt service coverage 4.0x. Net debt / annualized adjusted EBITDAre 4.9x (below lower end of target range). Net debt / gross assets 39% (book). Cash $90.6M and $1.0B revolver undrawn.
Capital Markets Actions to Support Growth
Closed $550M public debt offering (5-year notes at 4.75%) and established $400M at-the-market (ATM) equity program to provide opportunistic issuance flexibility while funding growth.
Active Capital Recycling / Dispositions
2025 disposition proceeds totaled $168.3M with gains on sale of $39.5M for the year (Q4 proceeds $34.5M and Q4 gain $5.3M). Company sold 33 theaters over past 5 years and has one remaining vacant theater. 2026 disposition guidance $25M–$75M.
Box Office and Tenant Resilience
North American box office for 2025 was $8.7B, +1% vs 2024. Management reports stable tenant performance overall and anticipates further box office growth in 2026 tied to a strong slate of major releases; also noting higher-margin F&B and non-box-office revenue increases reduce sensitivity to box office levels.
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
EPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 25, 2026 | $58.35 | ― | ― |
Oct 29, 2025 | $50.91 | $47.85 | -6.01% |
Jul 30, 2025 | $54.53 | $53.22 | -2.40% |
May 07, 2025 | $47.94 | $49.18 | +2.60% |
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.
FAQ
When does EPR Properties (EPR) report earnings?
EPR Properties (EPR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is EPR Properties (EPR) earnings time?
EPR Properties (EPR) earnings time is at May 06, 2026, After Close (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 2026 (Q1) is 0.68.