EPR Properties Q2 revenue rises on portfolio expansion
EPR•Key details
| Metric | Actual |
|---|---|
| Q2 Revenue | $196.08 mln |
| Q2 Net Income | $61.13 mln |
| Q2 Adjusted FFO Per Share | $1.43 |
| Q2 Operating Income | $107.04 mln |
| Q2 Pretax Profit | $67.78 mln |
| Q2 Property Operating Expenses | $15.37 mln |
Analyst coverage
- The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the diversified REITs peer group is "buy"
- Wall Street's median 12-month price target for EPR Properties is $61.00, about 5.2% below its July 28 closing price of $64.32
- The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 16 three months ago
Quarterly results and drivers
- US experiential REIT's Q2 revenue rose 10% yr/yr; net income fell 12%
- Q2 adjusted FFO per share climbed 15% yr/yr
- Company said the closing of the seven attraction properties acquisition and additional investments in attraction and fitness properties drove quarterly growth
- EPR Properties cited continued strength across its experiential portfolio as supporting quarterly earnings
- Q2 investment spending totaled $440.8 mln, including acquisitions and development projects
