EPR Properties Earnings Recaps
Q1 2026
May 9, 2026
EPR Properties shares rose 3.5% following a notable acceleration in growth and increased investment guidance driven by their largest acquisition since COVID. The market rewarded the company’s expanded acquisition pipeline and upward revision of FFO growth expectations to 6.5%.
Key takeaways
- Reported 5.9% increase in FFO as adjusted per share year-over-year for Q1 2026.
- Announced acquisition of a $315 million Seven Park regional portfolio from Six Flags, diversifying with 7 properties across multiple states and Canada.
- Increased full-year 2026 investment guidance to $500–$600 million, highest since COVID, emphasizing acquisitions over development.
- Raised full-year FFO as adjusted per share growth guidance midpoint to 6.5%.
- Portfolio remained 99% leased or operated, with 94% of gross asset value in experiential sectors, supported by strong tenant resiliency and sustained consumer spending growth.
Q3 2025
Oct 31, 2025
EPR Properties reported a solid 5.4% increase in FFO as adjusted per share for Q3 2025, signaling continued growth and a strong outlook for the experiential portfolio.
Key takeaways
- FFO as adjusted increased to $X.XX per share YoY, with an upward revision in guidance for the fiscal year.
- Strong portfolio stability reflected in a consolidated coverage ratio of 2.0, indicating resilience amid economic pressures.
- Anticipation of a robust Q4 Box Office, with expectations for 2025 to reach new post-COVID highs, benefiting rental income from Regal leases.
- Strategic capital recycling efforts are strengthening the portfolio with targeted reinvestments into experiential sectors.
- Upcoming openings of major attractions, maintaining above pre-COVID coverage levels in the Eat & Play segment, contribute to a positive growth trajectory.