EPR Properties (EPR)
NYSE:EPR
Want to see EPR full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.76Last Year’s EPS
0.91Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized accelerating growth driven by tangible operational and portfolio metrics: Q1 FFO/AFFO growth, raised full-year earnings guidance (midpoint implying ~6.5% FFO growth), a meaningful increase in investment guidance to $500M–$600M, and a sizeable strategic acquisition (Six Flags portfolio) that expands and diversifies the experiential portfolio. Balance-sheet metrics and coverage ratios are strong, leverage is conservative on a pro forma basis, and theater box office and consumer spending trends support demand. Headwinds cited were limited and operationally manageable (lower variable rent recognition timing, modest rise in interest expense, weather impacts on select ski assets, and back-weighted percentage rent guidance), along with execution/market risks tied to unsettled ATM proceeds and the timing of variable income. Overall, positives materially outweighed the negatives.Company Guidance
FFO and AFFO Growth
Q1 FFO as adjusted per share rose to $1.26 from $1.19, an increase of 5.9% year-over-year. AFFO per share increased to $1.29 from $1.21, a 6.6% year-over-year gain.
Raised Full-Year Earnings Guidance
2026 FFO as adjusted per share guidance increased to $5.37–$5.53 (midpoint implies ~6.5% growth versus prior year). Management expects a similar percentage increase in AFFO per share.
Material Increase in Investment Spending Guidance
Investment guidance for 2026 raised to $500M–$600M from $400M–$500M, the highest investment expectation since COVID, reflecting acceleration in acquisitions and development activity.
Major Acquisition — Six Flags / Seven Park Portfolio
Announced $315M acquisition of a Seven Park regional portfolio from Six Flags (6 properties closed in Q1 with La Ronde expected to close in Q2). Portfolio includes >1,600 acres across 6 states and Canada, 418 attractions and ~4.5M annual visitors; partnered with Enchanted Parks and La Ronde operators.
Strong Portfolio Metrics and Occupancy
Portfolio gross investment value of $7.1B across 335 properties; portfolio 99% leased/operated. 94% of value is experiential assets (280 properties operated by 54 clients, 99% leased/operated); Education segment (55 properties) 100% leased.
Healthy Coverage and Leverage Position
Unit-level rent coverage ~2x. Fixed charge coverage 3.3x and interest & debt service coverage 3.9x. Pro forma net debt to annualized adjusted EBITDAre 4.8x (below the company target range of 5.0–5.6x). Pro forma net debt to gross assets 39% (book). Consolidated debt $2.9B, all fixed or hedged; blended coupon ~4.4%.
Box Office and Consumer Trends Driving Demand
North American box office grew ~25% in Q1 on higher attendance and more film releases. Management cites a 7% increase in personal consumption expenditures across invested categories from 2024 to 2025 and durable consumer demand for experiential categories (theaters, fitness, attractions, eat & play).
Capital Markets Activity & Dividend Increase
Entered ATM forward sales agreement for up to 797,422 shares (initial gross proceeds $47.5M at average $59.52) and increased the monthly common dividend by 5.1% to an annualized $3.72 per share. Q1 AFFO payout ratio was 70% and expected to be below 70% for 2026 at midpoint guidance.
Transaction & Asset Management Execution
Completed $51.3M of investments in Q1 (including VITAL Climbing Gym) and expect ~$71M additional committed investment for existing projects to fund during the year. Disposition guidance increased to $50M–$100M to recycle noncore assets and generate accretive proceeds.
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 |
|---|---|---|---|
May 06, 2026 | $56.33 | $57.88 | +2.75% |
Feb 25, 2026 | $57.38 | $59.80 | +4.22% |
Oct 29, 2025 | $50.07 | $47.06 | -6.01% |
Jul 30, 2025 | $53.63 | $52.34 | -2.40% |
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 Aug 05, 2026, After Close (Confirmed).
What is EPR Properties (EPR) earnings time?
EPR Properties (EPR) earnings time is at Aug 05, 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 (Q2) is 0.76.