NYSE$EPR

EPR Properties · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported operating results, highlighted by early termination of covenant relief and resumption of monthly cash dividend.

EPR Properties announced positive second-quarter results, marked by the early termination of their covenant relief period and the resumption of monthly cash dividends. Cash collections improved, property openings neared 100%, and the company maintained a strong liquidity position.

  • Early Termination of Covenant Relief Period due to favorable performance.
  • Resumption of Monthly Cash Dividend to Common Shareholders at $0.25 per share.
  • Cash collections from customers continue to improve and were approximately 85% of contractual cash revenue.
  • Approximately 99% of the Company's theatre and 100% of the Company's non-theatre locations were open.

Headline financials

Total Revenue

$125M

Previous: $106M+17.9%
EPS (adj)

$0.68

Previous: $0.41+65.9%
AFFO per diluted share

$0.71

Previous: $0.44+61.4%
Capital Expenditures

-$24.5M

Previous: -$53.3M+54.0%
Free Cash Flow

-$5.96M

Previous: -$116M+94.9%
Net Income

$18.6M

Previous: -$63M+129.5%
Operating Income

$69.7M

Previous: -$13.6M+614.0%
Gross Profit

$124M

Previous: $93.4M+33.0%
Cash & Equivalents

$510M

Previous: $1.01B-49.4%
Total Assets

$6.14B

Previous: $7B-12.3%
Stock-Based Comp

$3.68M

Previous: $3.46M+6.1%

Revenue & EPS history

EPR · Revenue · Quarterly

$125M

Q2 2021+17.9%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

EPR · $125M total across 3 segments · Q2 2021

  • Rental revenue
    $116M+18.8%
  • Mortgage and financing income
    $8.45M+0.4%
  • Other income
    $1.03M+148.3%

Forward guidance

The Company is introducing its 2021 guidance for FFOAA per diluted common share of $2.76 to $2.86.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.3%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

44%

30 / 68 earnings

Positive

+7.8%

Q2 2012

Best reaction

-7.8%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.7%+3.3%+1.7%
Q4 2025+4.2%+2.6%-16.5%
Q3 2025-5.9%-5.0%+0.3%
Q1 2025+2.4%+1.0%+9.6%
Q4 2024+1.6%+3.2%+0.8%
Q3 2024-3.1%-3.3%-3.1%
Q2 2024-1.0%-4.8%+3.8%
Q1 2024+3.7%+2.7%+1.1%
Q4 2023-1.0%+1.2%+2.3%
Q3 2023-1.3%-0.1%+9.9%
Q2 2023-4.4%-3.0%-0.4%
Q1 2023+2.4%+2.4%+2.3%
Q4 2022+1.2%-1.4%-15.2%
Q3 2022-2.0%+0.1%+6.3%
Q2 2022-1.1%-2.5%-19.2%
Q1 2022+1.4%-3.3%-3.8%
Q4 2021+4.2%+6.7%+12.4%
Q3 2021-1.1%-1.7%-15.1%
Q2 2021-2.3%-4.3%-5.0%
Q1 2021+0.4%-0.2%+8.3%
Q4 2020-3.9%+1.2%+1.4%
Q3 2020-2.1%+31.4%+32.9%
Q2 2020-0.4%+9.7%+13.7%
Q1 2020-5.0%-1.3%+59.4%
Q4 2019-3.8%-13.2%-60.8%
Q3 2019-1.0%-1.0%-8.6%
Q2 2019-0.6%-2.1%+4.8%
Q1 2019+0.2%+0.6%-0.5%
Q4 2018-1.0%-2.9%+3.3%
Q3 2018+3.6%+2.0%+6.7%
Q2 2018+1.1%+4.6%+6.7%
Q1 2018+3.6%+4.3%+8.3%
Q4 2017-7.8%-3.9%-4.0%
Q3 2017-3.1%-1.8%-4.8%
Q2 2017+0.5%-0.8%+1.0%
Q1 2017-3.3%-3.3%-2.3%
Q4 2016-1.3%-2.6%-5.4%
Q3 2016-2.8%-1.1%-1.7%
Q2 2016-0.8%-1.7%-3.2%
Q1 2016+1.1%
Q4 2015+3.2%
Q3 2015+1.4%
Q2 2015-1.8%
Q1 2015-0.9%
Q4 2014-3.1%
Q3 2014-1.7%
Q2 2014-3.2%
Q1 2014-1.0%
Q4 2011+2.2%
Q4 2013+2.3%
Q3 2013+0.9%
Q2 2013+0.9%
Q1 2013-1.0%
Q4 2012+3.1%
Q3 2012+2.9%
Q2 2012+7.8%
Q1 2012+1.7%
Q3 2011+1.2%
Q2 2011-5.9%
Q1 2010-1.1%
Q1 2011+0.0%
Q4 2008-5.4%
Q4 2010-5.4%
Q3 2009+5.5%
Q3 2010+5.5%
Q2 2009-1.6%
Q2 2010-1.6%
Q4 2009-1.6%

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