Thu, May 8, 1:32 PM (8 days ago)
**EPR Properties (EPR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $175.0 million, up 4.7% YoY. - **Net Income:** $65.8 million, up 4.9% YoY. - **EPS:** $0.78 (diluted), up 4.0% YoY. - **FFOAA per share:** $1.19, up 5.3% YoY. - **Profit Margins:** Improved due to higher rental revenue and mortgage financing income. - **Cash Flow:** Positive operating cash flow of $99.4 million. **Key Metrics:** - **Rental Revenue:** $146.4 million, up 4.078 million YoY. - **Other Income:** $11.6 million, down $401k YoY. - **Mortgage & Financing Income:** $17.0 million, up $4.1 million YoY. - **Property Operating Expense:** $15.2 million, up $251k YoY. - **Interest Expense:** $33.0 million, up $1.4 million YoY. - **Gain on Sale of Real Estate:** $9.4 million, down $8.6 million YoY. **Quarterly Performance Discussion:** - **Investment Spending:** $37.7 million, down from $85.7 million YoY. - **Dispositions:** Sold properties for $70.8 million, recognizing a $9.4 million gain. - **Debt Management:** Repaid $300 million of senior unsecured notes using revolving credit facility. **Trends & Uncertainties:** - **Economic Environment:** Challenging due to inflation, interest rate volatility, and global trade disruptions. - **Cost of Capital:** Elevated, impacting near-term investment plans. - **Future Operations:** Selective investments, focusing on cash on hand, excess cash flow, and disposition proceeds. **Segment Performance:** - **Experiential:** $164.0 million in revenue, up from $157.3 million YoY. - **Education:** $10.8 million in revenue, up from $9.8 million YoY. **Liquidity & Capital Resources:** - **Cash & Cash Equivalents:** $20.6 million. - **Debt:** $2.8 billion, with $2.5 billion in unsecured senior notes. - **Revolving Credit Facility:** $105.0 million outstanding, with $1.0 billion available. **Future Outlook:** - **Investment Strategy:** Conservative, focusing on long-term investments in the Experiential sector. - **Risk Management:** Using derivatives to hedge against interest rate and foreign exchange risks. - **Liquidity:** Adequate to meet financial commitments, including debt maturities and shareholder distributions.